The global smart railways market is anticipated to beef up at a robust compound annual growth rate (CAGR) of 23.0%, according to our research report “Global Smart Railways Market Outlook 2021.”
Over previous few years, incidents of thefts, robberies and other crimes inside trains and at platforms have increased significantly. In the view of increasing crime rates in railways, governments of most of the countries are constantly putting efforts to transform existing rail infrastructure with highly secured network in future. These efforts are likely to spark the growth of global smart railways market over the forecast period i.e. 2015-2021.
In addition to that, continuous innovation in smart rail technology is yet another factor which is envisioned to bolster the expansion of global smart railways market over next 5-6 years.
The global smart railways market is mainly segmented on the basis of regions, devices, solutions and services. The devices segment is further subdivided into sensors, video surveillance cameras, smart cards, networking and connecting devices and others. Driven by growing concerns of safety and security among passengers, the video surveillance camera market is anticipated to have the highest growth during 2015-2021.
The report titled “Global Smart Railways Market Outlook 2021” includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparison, BPS analysis and Porter’s five force model.
This report also studies existing competitive scenario of some of the key players of the smart railways market which includes profiling of Huawei Technology, Hitachi Ltd., Cisco Systems Inc., Bombardier, Ansaldo STS, etc. The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Global Smart Railways Market Outlook 2021”, analyses the overall smart railways industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in global smart railways industry in near future.
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