|By Business Wire||
|August 22, 2014 04:22 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/br862m/global_smart) has announced the addition of the "Global Smart Railway System Market 2014-2018" report to their offering.
The Global Smart Railway System market will grow at a CAGR of 26.11 percent over the period 2013-2018.
The Global Smart Railway System market can be divided into three segments: Solutions, Devices and Components, and Services. The products in these segments help railway operators automate their systems and provide an efficient service to their customers.
The report, the Global Smart Railway System Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the EMEA, and the APAC regions; it also covers the Global Smart Railway System market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
One of the major trends witnessed in the market is the emergence of advanced technology solutions. To provide high-quality and safe services, the systems used in railways need to be further automated which is encouraging many railway operators to upgrade their systems with advanced solutions and devices.
According to the report, one of the major drivers in this market is the decline in hardware and connectivity costs. The decreasing cost of hardware components and internet connectivity has promoted the railways to make their systems more advanced and automated.
Further, the report states that the congestion and capacity constraints are the biggest hurdles to the growth of the market since these could result in a decline in end-to-end speeds and safety issues. As more people prefer to travel by train, this has created a lot of traffic congestion on the railways. This problem is compounded with capacity constraints.
- ABB Ltd.
- Alcatel Lucent International
- Alstom SA
- Ansaldo STS
- Bombardier Inc.
- CGI Group Inc.
- Cisco System Inc.
- Computer Science Corp.
- GE Transportation
- Hitachi Ltd.
- Huawei Technologies Co. Ltd.
- IBM Corp.
- Indra Sistemas SA
- Siemens AG
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the Key Market Trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
For more information visit http://www.researchandmarkets.com/research/br862m/global_smart
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