Global Smart Railway System market to grow at a CAGR of 26.76 percent by 2019

Reportstack has announced a new market research report on the Global Smart Railway Systems Market, which is expected to grow at a CAGR of 26.76 percent from 2014-2019.

About the Report

The report draws attention towards the growing need to automate systems, solutions and devices in order to provide efficient and effective services. Advanced solutions like cloud computing are the fastest emerging technology in the railway industry.

“Cloud computing in railway automation systems not only improves passenger facilities while traveling, but also helps increase railway revenues,”.

“Technological advancements will help railways run their trains on time, and provide real-time information to passengers.”

The report also emphasizes the increased adoption of analytics and big data by railways for gaining better knowledge of customer requirements. Adopting a new cloud-based system will allow railways to get a broader view across freight, passenger and logistics operations, thus assisting them in maintaining and managing the railway traffic across their networks more effectively.

“Hitachi is one of the big vendors providing cloud computing and big data services to many railways, so that railway systems can work better,”.

To access full report with TOC, please visit  Global Smart Railway System Market 2015-2019.

Key Information Covered in the Report:

Market segmentation, size and forecast through 2019

Market Growth Drivers:

Emergence of Advanced Solutions
For a full detailed list, view our report.

Market Challenges:

High Operating and Maintenance Costs
For a full detailed list, view our report.

Market Trends:

Increased Adoption of Analytics and Big Data
For a full detailed list, view our report.

Key Vendors:

ABB Ltd.
Alstom SA
Bombardier Inc.
GE Transportation

Other Prominent Vendors:

AEG Belgium
Alcatel-Lucent
CGI Group
DB International

About Reportstack:

Reportstack  is one of the leading distributors of market research reports in the world today. We host more than 200,000 research products from the world's top publication houses. These publications are distributed amongst 12 top industry verticals and 62 sub verticals, which are then further classified into 257 business categories and 5000 micro markets. The vast selection criterion provides granular data from the length and breadth of all these industries delivering Reportstack  members with cutting edge research products to facilitate strategic business decisions.

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