Smart Railways Market

Smart railways incorporate various advanced technology such as the Internet of things (IoT), advanced sensors, intelligent control, and computing to handle multiple aspects of railways systems including infrastructure inspection, customer services, and train control and dispatch. Smart railways use these technologies to enhance the efficient form of transportation and reduce costs by automating the process and take advantage of valuable services. Smart railways offers numerous smart services such as smart ticketing, e-catering, passenger information system, freight information systems, among others.

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The major factors which are driving the growth of the Global Smart Railways market are rising advancement in technologies to improve customer experience, increasing government initiatives related to Public-Private Partnership (PPP), and growing adoption of advance technologies such as the Internet of Things (IoT) and automation technologies in railways in order to improve optimization. The increasing budget allocation on railways by various countries’ governments to upgrade and modernize railways to streamline management and enhance traveller satisfaction, which boosts the market growth. The growing emphasis to connect urban cities is rising the requirement of IoT-enabled solutions, and higher prominence on minimizing emissions of harmful gases is further fuelling the demand for smart railways across the globe. The growing concern associated with passenger security to enhance safety measures and dynamic route scheduling, is further anticipated to drive growth in the market. However, high deployment costs and the shortage of technology infrastructure are restraining the growth of the market.

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Based on the Offering, the service segment is expected to grow at a higher CAGR in the global smart railways market during the forecast period owing to the growing adoption of smart railway services by organizations to optimize resource usage. Managed services are driving the market growth across the globe due to the increasing resources to outsource the smart railway solution for maintenance. It offers easy upgradation and customized features to meet ever-increasing customer requirements.

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Based on the region, Europe is anticipated to lead the global Smart Railways market during the forecast period owing to the increasing penetration of smart railways in European counties to improve the efficiency of their existing railway infrastructure. European countries such as UK, Germany, and France has well-established railway infrastructure and are using advance smart railway solution. In addition to this, European countries having Social and trade agreements which promote large-scale, cross-border trade and passenger traffic, will further fuel the market growth.

The major key players in the market include Cisco Systems, Inc., Wabtec Corporation, ABB, IBM Corporation, Hitachi, Ltd., Huawei Technologies Co., Ltd., Siemens AG, Indra Company, Honeywell International Inc., Bombardier Inc., Thales Group, Alstom SA among others.

Key Developments:

• • In Nov 2019, Alstom entered into a second ten-year maintenance contract with SBB, a Swiss Railway Company, to maintain ETCS equipment.
  • In Jul 2019, Cisco entered into a partnership with Google for google station service in the Indian market. Google Station Service offers access to free and high-speed Wireless Fidelity (WiFi) at 400 stations across the country. Under this partnership, Cisco will work with gStation platform to public location includes railway stations in Bangalore, India.

The Global Smart Railways market has been segmented based on the Offering, Type, and key region. Based on Offering, the market is segmented into Solutions and services. The solution is further segmented into Passenger Information System, Freight Management System, Security and Safety Solutions, Rail Communication and Networking System, Smart Ticketing System, Rail Analytics System, Rail Asset Management and Maintenance Solutions, and Rail Operation and Control Solutions. Passenger Information System is further segmented into Multimedia Information and Entertainment, and Network Connectivity. Freight Management System is further segmented into Freight Operation Management and Freight Tracking. Security and Safety Solutions is further segmented into Video Surveillance and Analytics, Intrusion Detection, Access Control Fire Alarm, and Voice Evacuation and Others. Rail Communication and Networking System are further segmented into Ground-To-Train Communication and Train-To-Train Communication. Rail Asset Management and Maintenance Solutions is further segmented into Asset Planning and Scheduling, Workforce Management, and Optimization, Condition-Based Monitoring, Predictive Maintenance, and Others. Services are further segmented into Professional Services and Managed Services. Professional Services is further segmented into Consulting, System Integration and Deployment, and Support and Maintenance. Based on Type, the market is segmented into Station Type and On-Board Trains.

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Key questions answered in this research report:

• • At what pace is the global Smart Railways market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Smart Railways market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Smart Railways market?
  • Which offering generated maximum revenues in 2019 and identify the most promising offering during the forecast period?
  • What are the various Offerings of the global Smart Railways market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Smart Railways Market by Offering 

• • Solution
    • Passenger Information System
      • Multimedia Information and Entertainment
      • Network Connectivity
    • Freight Management System
      • Freight Operation Management
      • Freight Tracking
    • Security and Safety Solutions
      • Video Surveillance and Analytics
      • Intrusion Detection
      • Access Control
      • Fire Alarm and Voice Evacuation
      • Others
    • Rail Communication and Networking System
      • Asset Planning and Scheduling
      • Workforce Management and Optimization
      • Condition-Based Monitoring
      • Predictive Maintenance
      • Others
    • Smart Ticketing System
    • Rail Analytics System
    • Rail Asset Management and Maintenance Solutions
    • Rail Operation and Control Solutions
  • Services
    • Professional Service
      • Consulting
      • System Integration and Deployment
      • Support and Maintenance
    • Managed Services

Global Smart Railways Market by Type

• • Station Type
  • On-Board Trains

Global Smart Railways Market by Region

• • North America Smart Railways Market (Option 1: As a part of the free 25% customization)
    • North America Smart Railways Market by Offering
    • North America Smart Railways Market by Type
    • US Smart Railways Market All-Up
    • Canada Smart Railways Market All-Up
  • Europe Smart Railways Market (Option 2: As a part of the free 25% customization)
    • Europe Smart Railways Market by Offering
    • Europe Smart Railways Market by Type
    • UK Smart Railways Market All-Up
    • Germany Smart Railways Market All-Up
    • Spain Smart Railways Market All-Up
    • France Smart Railways Market All-Up
    • Rest of Europe Smart Railways Market All-Up

• • Asia-Pacific Smart Railways Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Smart Railways Market by Offering
    • Asia-Pacific Smart Railways Market by Type
    • China Smart Railways Market All-Up
    • India Smart Railways Market All-Up
    • Japan Smart Railways Market All-Up
    • Rest of APAC Smart Railways Market All-Up
  • ROW Smart Railways Market (Option 4: As a part of the free 25% customization)
    • RoW Smart Railways Market by Offering
    • RoW Smart Railways Market by Type
    • Brazil Smart Railways Market All-Up
    • South Africa Smart Railways Market All-Up
    • Saudi Arabia Smart Railways Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Smart Railways Market All-Up

Global Smart Railways Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Cisco Systems, Inc.
  • Wabtec Corporation
  • ABB
  • IBM Corporation
  • Hitachi, Ltd.
  • Huawei Technologies Co., Ltd.
  • Siemens AG
  • Indra Company
  • Honeywell International Inc.
  • Bombardier Inc.
  • Thales Group
  • Alstom SA