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Smart Railways Market by Solution, Component, Service, and Region - Global Forecast to 2021

Smart Railways Market: Global Forecast until 2021

  • November 2016
  • 163 pages
  • ID: 4412109
In this report:
Europe is estimated to have the largest market size of USD ##.## million in 2016 and is projected to reach USD ##.## million by 2021, at a CAGR of ##.##%, while Latin America is expected to project the highest CAGR of ##.##% during the forecast period.
Europe is estimated to have the largest market size of USD ##.## million in 2016 and is projected to reach USD ##,##.## million by 2021, at a CAGR of ##.##%, while APAC is expected to project the highest CAGR of ##.##% during the forecast period.


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"Increasing trends of smart cities is the main factor projected to drive the increase of the smart railways market"

The smart railways market size is projected to be ~$10.5B in 2016 and is projected to extend ~$20.6B by 2021, at a compound annual growth rate of 14.40 percent from 2016 to 2021, due to the need of smart cities for better infrastructure, services, quick operational activities in public services, and transportation services. Government bodies are striving for the betterment of the transport infrastructure systems as it replicates the development of the economy. The restraints of the smart railways market contain operational efficiency & growing congestion, high initial cost of deployment & capacity, and lack of ICT infrastructure & interoperability.

"Rail analytics is forecasted to be the quickest developing market during the estimate period"

The rail analytics system is anticipated to grow at the highest compound annual growth rate (CAGR) during the forecast period due to the increase of demographic rise and hyper-urbanization. Additionally to that, the cloud-based services, analytics, and mobile internet technologies demand are rising due to their efficient IT management and reliable security environment.

"Europe (EU) is forecasted to dominate the sector during the outlook period"

With regards to the geographic review, EU is likely to benefit from its technological advancements, big number of smart devices, strong government regulations, and followed by high usage of big data analytics, predictive and sensor analytics across all the railways sector.

Asia Pacific (APAC) is anticipated to lead the smart railways market by area between 2016 and 2021. The rise can be accredited to the overall competition, growing penetration of smart devices, connected machines, and rising investment in smart cities.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main industry personnel. The break-up profile of primary discussion participants is presented below:

- By Company Type: Tier-1 (42.0 percent), Tier-2 (33.0 percent), and Tier-3 (25.0 percent)

- By Description: C-suite (75 %) and Grade of manager (25 %)

- By Area: North America continent (43 %), Europe (EU) (29 %), Asia-Pac (18 %), and Rest of World (10.0 percent)

Segment Research

The overall smart railways market has been split on the basis of solutions, components, services, and territories. An in-depth study of the regions has been done to furnish business insights into the potential future business opportunities in different areas. Moreover to this, product portfolio review, value chain study, and strategic benchmarking are some of the other MarketsandMarkets review included in the study.

Why Purchasing This Study Can Help You:

This study will help the industry leaders (and new entrants) in the following aspects:

1. This document breaks down the smart railways market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across several verticals and localities.

2. The market research benefits the partners comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate the partners to better find out the players and obtain additional insights to better their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers & acquisitions.

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