What is Connected Rail Solutions Market Scope?
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.
Influencing Trend:
Increasing Implementation of Internet of Things and Development of Railway Infrastructure under Smart City Projects
Market Growth Drivers:
Increasing Need of Safety and Security in Railway System and Growing Population and Urbanization is leading to Increase in Passenger Traffic
Challenges:
Requirement of Large Capital Outlay May Hamper the Market in Developing Economies and Risk of Data Breach
Restraints:
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
Opportunities:
Increased Transportation through Rail Due to the Relaxations in Rail Tariffs and Government Investments on New Technology for Railways
The Connected Rail Solutions market study is being classified by Type (Train control automation, Operations intelligence and maintenance, Passenger experience, Digital operations and Others), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Connected Rail Solutions market throughout the predicted period.
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).
Segmentation Analysis
Analyst at AMA have segmented the market study 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).
Market Influencers and their 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 Audience
Connected rail solution providers, Government associations, Research organizations, Enterprise software vendors and Others
Connected Rail Solutions Market Study: Important Years
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Connected Rail Solutions Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Connected Rail Solutions industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
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.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.