Global Connected Rail Solutions Market 2018-2022
About Global connected rail solutions market
Connected rail solutions include various solutions that incorporate various technologies into railways systems to provide protection to trains against accidents and enhance passenger experience.
Technavio’s analysts forecast the Global connected rail solutions market to grow at a CAGR of 6.71% during the period 2017-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the Global connected rail solutions market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of safety and signaling systems into CBTC (Communication-based train control), PTC (Positive train control), and ATC (Automatic train control)
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Connected Rail Solutions Market 2018-2022.
Technavio recognizes the following companies as the key players in the Global connected rail solutions market.
Commenting on the report, an analyst from Technavio’s team said: One trend that is affecting the market is growing importance of automated fare collection systems
According to the report, one driver that is affecting the market is growing urbanization and increasing investments
Further, the report states that one challenge that is affecting the market is high initial investment