Smart Railway Market Next Big Thing
Posted by avinash on February 19th, 2020
Smart railway systems are solutions and services that help the rail companies to collect information related to railway operations more closely and accurately. These systems help the rail operators to take timely action, which further helps in avoiding unwanted collision between the trains.
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Growing integration of IoT (Internet of Things) technology in railway is one of the major factors driving growth of the market
Rising adoption of IoT (Internet of Things) in railway infrastructure is one of the major factors driving growth of the market. Rising number of railroad accidents is another factor driving growth of the market. For instance, according to the analysis of Transport Safety Board of Canada, in Canada, the number of rail accidents occurred in 2013 was 1,036, which increased to 1,201 in 2014.
Global Smart Railway Market: Taxonomy
The global smart railway market is segmented on the basis of component type, service type, solutions, and region.
By Component Type:
By Service Type:
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Major players operating in the global smart railway market include Alcatel-Lucent International, ABB Ltd, Ansaldo STS, Alstom SA, Cisco Systems, Inc., Bombardier Transportation, GE Transportation, CGI Group Inc., Huawei Technologies Co. Ltd., Indra Sistemas, S.A., Hitachi Ltd., Computer Sciences Corp., ZTE Corporation, IBM Corporation, and Siemens AG.
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About the Authoravinash
Joined: February 19th, 2020
Articles Posted: 52
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