Global Smart Railways Market, By Solution (Passenger Information System, Freight Information System,

Published Date: | Report Code : IT1956221


The increasing population and rapid urbanization are expected to drive the growth of the Global Smart Railways Market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Smart railways provide passengers with sophisticated and reliable services to fulfill the growing demand for effective and safer services from This helps to improve operational efficiency, passenger and offers high investment returns. To deliver new-generation solutions and services for rail transport and activities, smart railroads incorporate data and communication technology into the railway infrastructure. Smart railway demand is attributed to increased IoT technology acceptance and increasing demand for cloud-based services. The emergence of the Internet of driven technological advances across the network, radio access, sensors, and other technologies in the areas. Radio-based communication network provides services such as Bluetooth, Wi-Fi, 3 G, and 4 G to deploy smart rail projects.

The global smart railways market is segmented into solution, device, and service. By solution, this market is split into the passenger information system, freight information system, rail traffic management system, rail operations management system, advance security monitoring system, rail communication & networking system, smart ticketing system, rail analytics system. The rail analytics system is expected to high demand due to the rise of demographic growth and hyper-urbanization. Based on devices, the multimedia displays segment is anticipated to boom in this market the increasing demand for improved service quality and gain competitive advantage.

The global smart railways market is expected to boom in the North America region due to the adoption of novel technologies. Also, this market is anticipated to faster-growing in the Asia Pacific region due to the high competition and proliferation of connected machines in the region and thrust on building smart cities by governments of most nations in the Asia Pacific region.

Key Factors Impacting Market Growth:

  • The emergence of smart cities
  • Rapid urbanization and growing population
  • Need for passengers convenience
  • High cost and complexities in implementing advanced services may restrain the market growth

Regional Outlook: 

By region, the Global Smart Railways market is estimated to be dominated by North America, Western Europe, and the Asia Pacific during the forecast period. With technological advancements and a cluster of global companies operating in these regions, these regions hold key to the growth and development of the global smart railways market during the forecast period. Most of the leading companies have operations in these regions to cater to the potential end-users in the respective region. The North America global smart railways market is further segmented by the US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe. Asia Pacific region is segmented by China, Japan, South Korea, India, and Australia. The Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others.

Companies Covered: Alstom SA, IBM Corporation, Alcatel-Lucent, Cisco Systems, Inc., General Electric Inc., Hitachi Limited, Huawei Technologies Co. Ltd, Siemens AG, Bombardier, Inc., Indra Sistemas SA, Teleste, and Thales Group

Market Segmentation:

By Solution:

  • Passenger Information System
  • Freight Information System
  • Rail Traffic Management System
  • Rail Operations Management System
  • Advanced Security Monitoring System
  • Rail Communication & Networking System
  • Smart Ticketing System,
  • Rail Analytics System

By Device:

  • Rail Sensors
  • Video
  • Surveillance Cameras
  • Smart Cards
  • Multimedia Displays
  • Networking & Connectivity devices

By Service:

  • Professional Services
  • Integration Services
  • Cloud Services

  By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Solution
    • By Device
    • By Service
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Solution
    • By Device
    • By Service
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Solution
    • By Device
    • By Service
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Solution
    • By Device
    • By Service
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Solution
    • By Device
    • By Service
  • Rest of the World
    • By Region (South America, Africa)
    • By Solution
    • By Device
    • By Service

 Reasons To Buy This Report:

  • Market size estimation of the global smart railways market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market


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