Smart Railway Market, by Component Type (Video Surveillance Cameras, Networking and Connectivity Devices, and Multimedia Infotainment Displays), by Service Type (Professional System and Managed Services), by Solution (Passenger Information System, Freight

Smart Railway Market, by Component Type (Video Surveillance Cameras, Networking and Connectivity Devices, and Multimedia Infotainment Displays), by Service Type (Professional System and Managed Services), by Solution (Passenger Information System, Freight Information System, Advanced Security Monitoring System, Railway Communication and Networking System, Smart Ticketing System, Rail Analytics System, Railway Traffic Management System, and Railway Operations Management System), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Smart railways refer to an integrated system of railway, which includes software solutions, devices & components, cloud services, etc. Smart railways make intelligent use of rail assets and rail network communication by combining Information and Communication Technology (ICT) with smart transportation systems. This is done by combining information and communication (ICT) technology with smart transportation systems. Moreover, it involves information integration, data modeling, and data analytics that facilitate to impart strategic and operational decision making.
Market Dynamics
Increasing urbanization and population across worldwide is expected to drive the market for global smart railway market over the forecasted period (2022-2028). For Instance, According to the United Nations (UN) Department of Economics and Social Affairs, urban areas would account for over 60% share of the total world population in the near future. As a result of this, the need for smart railway operators who can provide key solutions to keep rail passenger traffic and congestion under control. Therefore, these factors are expected to boost the global smart railways market growth in the near future. Moreover, Introduction of Big Data and the Internet of Things (IoT) in railways is expected to support growth of the market by 2025. Various features are offered by IoT and Big Data such as real-time IoT, monitoring of trains, a mobile-related wake-up call for railway passengers, destination alerts, and passenger information which is also the major reason affecting the market positively.
Key features of the study:
This report provides an in-depth analysis of the global smart railway market and provides market size (US$ 78,400.0 Million for 2028) and Compound Annual Growth Rate (19.9%) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global smart railway market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key players involved in the global smart railways market are Siemens AG, Ansaldo STS, Huawei Technologies Co. Ltd., Alcatel-Lucent, Asea Brown Boveri (ABB) Limited, Alstom SA, Indra Sistemas, S.A., Cisco Systems, Inc., Bombardier, Inc., General Electric, IBM Corporation, and Hitachi Limited.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
The global smart railway market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global smart railway market.
Detailed Segmentation:
Global Smart Railway Market, By Offerings:
Devices
Rail Sensors
Video Surveillance Cameras
Smart Cards
Networking & Connectivity Devices (Router, Wi-Fi, Switches, etc.)
Others (Multimedia Displays)
Services
Professional Services
Cloud Services
Integration Services
Solutions
Passenger Information System (PIS)
Railway Traffic Management System (RTMS)
Advanced Security Management System
Smart Ticketing System (STS)
Rail Operations Management System
Rail Communication & Networking Systems
Others (Rail Analytics System and Freight Information System)
Global Smart Railway Market, By Geography:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Company Profiles
Siemens AG *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Ansaldo STS
Huawei Technologies Co. Ltd
Alcatel-Lucent
Asea Brown Boveri (ABB) Limited
Alstom SA
Indra Sistemas, S.A.
Cisco Systems, Inc.
Bombardier, Inc.
General Electric
IBM Corporation
Hitachi Limited.
*Browse all the market data tables and figures on "Global Smart Railway Market - Forecast to 2027”