Smart Railway Market, by Component Type, by Service Type, by Solution, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2018 - 2026

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 (2021-2028). 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 (2021-2028), considering 2020 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.