Smart Railways Market: Global Industry Analysis and Opportunity Assessment 2014

Global Smart
Railways Market
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Report Description
The concept of smart railways has evolved from the growing adoption of new generation
services and advanced transportation management systems, enabled using Information
Technology (IT) solutions. The future railways industry is anticipated to rely upon smart
systems that will help leverage technologies for optimal utilization and management of the
huge railway infrastructure. It combines software products to enable more intelligent use of
railway assets, so that companies can meet the increasing demand for safer and reliable
railway services. Smart railway technologies such as asset management software, integrated
service management solutions and predictive analytic tools are expected to help railway
companies to manage their network, routes, capacities, and daily operations, in the near
future. Thus, with the rise in implementation of smart technologies in railway transport, the
associated solutions and services market are expected grow globally at higher growth rates.
Emerging technologies such as smart ticketing, cloud adoption, rail analytics, smart traffic and
other operational solutions will enable more efficient and better railway infrastructure. It is
also expected to improve on decision making for issues, such as asset utilization, deployment
and maintenance.
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The smart railways market can be segmented on the basis of solutions, devices and
components, services, and regions. The solutions in smart railway market include Passenger
Information System (PIS), railway traffic management system, freight information, railway
operations management, advanced security monitoring system, railway communication,
networking system, and smart ticketing system, among others. Devices and components in
smart railways include video surveillance equipment, sensing devices, networking and
Report Description
The long term drivers of the railway market are associated with economic and demographic
growth in the developing markets. In near future, the rising demand for comfort and facilities
in ticketing is expected to support the market growth for smart railways solutions. Moreover,
the increasing dependence for railway freight services due to low cost is another factor driving
the growth of smart railways systems market across the world.
In North America, the smart railway market is expected to focus on upgrading of smart
technology and renewal of its sophisticated existing railway infrastructure, with increased
awareness about environmental sustainability. In Europe, the high growth in expenditure for
overall railway development has created new opportunities for the smart railways market in
recent years. In Asia-Pacific region, the demand for reliable and comfortable smart railways is
expected to increase due to rising population and on-going development of railway
infrastructure. In Middle East and Africa region too, the market is expected to witness healthy
growth in near future due to growth in development of railway infrastructure.
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The leading smart railway solution providers across the world include Siemens AG, Hitachi Ltd.,
IBM Corporation, Alstom SA, Ansaldo STS, Alcatel-Lucent, Huawei Technologies Co. Ltd.,
Bombardier Inc., ABB Ltd., GE Transportation, Cisco Systems Inc., CGI Group Inc., ZTE
Corporation and others..
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