Scope of the Study
Connected Rail solution provides the communication path between the train, trackside and stations. The passengers are connected through WiFi in the train as well as platforms. The infrastructure of railways is also being replaced by train management system. Further, the data is bidirectional transmitted among trains and control center. The network control center acts as a CPU of train management system. Connected Rail solution includes passenger mobility, passenger information, predictive maintenance, IP video surveillance and other services.
The market study is being classified by Type (Train control automation, Operations intelligence and maintenance, Passenger experience, Digital operations and Others) and major geographies with country level break-up.
IBM (United States), ABB Ltd. (Switzerland), Schneider Electric SE (France), Siemens AG (Germany), Robert Bosch GmbH (Germany), Cisco Systems Inc. (United States), Nokia Corp. (Finland), General Electric Co. (United States), Hitachi Limited (Japan) and Bombardier Inc. (Canada) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Alstom SA (France), Huawei (China) and Wabtec Corporation (United States).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Connected Rail Solutions market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Connected Rail Solutions market by Type, Application and Region.
On the basis of geography, the market of Connected Rail Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Need of Safety and Security in Railway System
- Growing Population and Urbanization is leading to Increase in Passenger Traffic
- Increasing Implementation of Internet of Things
- Development of Railway Infrastructure under Smart City Projects
- Corona Virus pandemic has affected the market negatively as the government has shut down the transport system. Due to this the ongoing projects of developments in railway system have also stopped
- Increased Transportation through Rail Due to the Relaxations in Rail Tariffs
- Government Investments on New Technology for Railways
- Requirement of Large Capital Outlay May Hamper the Market in Developing Economies
- Risk of Data Breach
Market Leaders and their expansionary development strategies
On 5th March 2020, ABB has acquired Cylon controls which is an electronic manufacturing platform that provides smart energy solutions for business. and On 28th October 2019, ABB has acquired Chargebot which is a Chinese e-mobility solution provider
Key Target AudienceConnected rail solution providers, Government associations, Research organizations, Enterprise software vendors and Others
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase