Smart Railways Market 2019-2024 | Global Industry Overview by Size, Share, Future Demand, Latest Research by Competitors, Segmentation and Regional Forecast
Posted on Nov 9 2019 10:43 AM
"Smart Railways Industry 2019 Market Research Report analyzed in detail with all the vital data to frame tactical business judgments and propose strategic growth plans. This report offers a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures. "
The “Smart Railways Market” 2019 provides an in-depth analysis of all market dynamics including drivers and restraints, and trends and opportunities. Important factors supporting growth across various is also provided. The impact of prevailing regulatory scenario on both regional and worldwide Smart Railways market is provided in detail in the report. Industry Research offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Smart Railways market is based on company profiles and their efforts on increasing product value and production.
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Some of The Major Key Players of Smart Railways Market Are:
- Cisco Systems Inc.
- IBM Corporation
- ALE International
- Huawei Technologies Co. Ltd.
- Siemens AG
- Hitachi Ltd.
- Tata Consultancy Services Limited
- Moxa Inc.
- Thales Group
- General Electric Company
- Cyient Limited
- Toshiba Corporation
Scope of the Report:
- Smart railways are built by deploying GSM-R systems, cloud computing, and data analytics. The IoT solution applied for the smart railway application makes it easy to grasp the condition information distributed over a wide railway area. Smart railways include smart ticketing, e- catering, freight information systems, among others, are becoming a reality. They help up the efficiency of transport and bring about a reduction in costs eventually by automating various processes and leveraging technology to improve services.
- The smart railways market was valued at USD 12.05 billion in 2018 and is expected to reach a value of USD 27.62 billion by 2024, at a CAGR of 14.83%, during the forecast period (2019 - 2024). The implementation of smart solutions is growing at a higher rate across the railway freight to provide adequate transport capacity for growing volumes of goods and people.
- - The growth of smart railway system is expected to be primarily driven by the growing need for urban connectivity, increased integration of IoT-based solutions and higher emphasis on reducing emissions.
- - The rising trends of application in the field of machine-to-machine (M2M) technology, leveraging the embedded sensors, increase in computer power, and incorporation of big data owing to the growth of the internet of things is expected to pave the way for truly integrated and inter-modal transport solutions.
- - Integration of the smart systems to communicate across traditional railway infrastructure, high investment in the development of software portfolio, minimizing error rates due to increasing system complexity and implementation of weatherproof sensors are identified as the major challenges faced by the market.
Market Dynamics: –
- Drivers: (Developing regions and growing markets)
- Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
- Opportunities: (Regional, Growth Rate, Competitive, Consumption)
The report provides key statistics on the market status of the Smart Railways Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Smart Railways .
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Key questions answered in the report include:
- What will the market size and the growth rate be in 2024?
- What are the key factors driving the global Smart Railways market?
- What are the key market trends impacting the growth of the global Smart Railways market?
- What are the challenges to market growth?
- Who are the key vendors in the global Smart Railways market?
- What are the market opportunities and threats faced by the vendors in the global Smart Railways market?
- Trending factors influencing the market shares of the relevant regions.
- What are the key outcomes of the five forces analysis of the global Smart Railways market?
Key Market Trends:
Rail Analytics System to Hold Significant Market Share
- The rail network operators in developed parts of the world are actively investing in the development of analytics systems. Currently, there is a prominence of cloud-based systems. The market is witnessing a need for tools that help in maximization of intervals between certain maintenance events, like turning wheels (on a lathe) or replacing the wheel-and-axle sets on the trains, which reduce maintenance costs.
- The analytics-based solutions are expected to work in close coordination with security and surveillance systems to leverage video analytics which will help in obstacle determination, thereby improving the overall efficiency of the railway system.
Asia-Pacific is Expected to Hold the Highest Market Share
- The emergence of megacities is expected to be the highest in emerging markets of Asia-Pacific, which include four of the world’s existing 24 megacities are in China.
- It is expected that Chinese planners will merge nine cities in the Pearl River Delta from Guangzhou to Shenzhen to create a 26,000 sq km urban area, which will be 26 times larger than Greater London. Around USD 260 billion is expected to be spent on this project over the next four years, to integrate transport, energy, water, and telecommunication networks.
- On the other hand, Japan is on its way to deploying smart solutions, like providing personal concierge for travelers, which leverages AI.
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Study objectives of Smart Railways Market Report:
- To provide a detailed analysis of the market structure along with the forecast of various segments and sub-segments of the Smart Railways market
- To provide insights into factors influencing and affecting market growth
- To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
- To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
- To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
- To provide economic factors, technology trends, and market trends that influence the global Smart Railways market
Detailed TOC of Smart Railways Market Report 2019-2024:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rising Demand of IoT Application
4.3.2 Improvement in the Internet and Network Connectivity across Emerging Economies
4.3.3 Increasing Population Growth of Hyper-Urbanization
4.4 Market Restraints
4.4.1 Issues with Integration and Connectivity into Legacy Systems
4.4.2 High Initial Infrastructure and Related Investments
4.5 Industry Attractiveness - Porter's Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Solution
5.1.1 Rail Analytics System
5.1.2 Railway Communication and Networking System
5.1.3 Freight Information System
5.1.4 Smart Ticketing System
5.1.5 Advanced Security Monitoring System
5.1.6 Passenger Information System
5.2.1 North America
5.2.4 Latin America
5.2.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Cisco Systems Inc.
6.1.2 IBM Corporation
6.1.3 ALE International
6.1.4 Huawei Technologies Co. Ltd.
6.1.5 Siemens AG
6.1.6 Hitachi Ltd.
6.1.7 Tata Consultancy Services Limited
6.1.8 Moxa Inc.
6.1.9 Thales Group
6.1.10 General Electric Company
6.1.11 Cyient Limited
6.1.12 Toshiba Corporation
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
Name: Ajay More
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