Sandlerresearch.org adds Global IT Spending in Railways Market 2016-2020 a new research reports in its store. The analysts forecast global IT spending on railways market to grow at a CAGR of 15.93% during the period 2016-2020.
Commenting on the report, an analyst said: "Railways worldwide use cloud computing and big data analysis to evaluate customer requirements. Through these technologies, railway operators get a broader view of the freight, passenger, and logistics operations. For example, Slovenian Railways uses IBM's SmartCloud solution to build smarter railway systems. Hitachi is another major vendor that provides cloud computing and big data services to the railways sector."
According to the report, the global railways passenger and freight traffic are growing due to plummeting oil prices and increase in industrial activities. Latest offerings (such as mobile ticketing) coupled with the rise in the use of personal computing devices (like smartphones and tablets) are boosting the railway passenger volume.
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Further, the report states that the costs involved in implementing IT in railways include licensing fees and expenses for system design and customization, implementation, training, maintenance, and upgrade. After purchasing the license, railway authorities need to hire experts for the proper implementation of the software. Moreover, the integration of these applications with the existing operational processes of the railway network can be quite challenging at times.
key players in the Global Information Technology Spending in Railways Market: Accenture plc, ALTEN SA, Altran Technologies SA, IBM Corp., and SAP SE. Other Prominent Vendors in the market are: ABB, Alcatel-Lucent, Alstom, Ansaldo, Bombardier, Capgemini, CGI Group, Cisco Systems, CSC, GE Transportation, Hitachi, Huawei Technologies, Indra Sistemas, Infosys, Siemens, TCS, Tech Mahindra, and Wipro.
Key questions answered in this report
What will the market size be in 2020 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?
Purchase a copy of Global IT Spending in Railways Market 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=52817 for US $2500.
Table of Content for Global IT Spending in Railways Market 2016-2020:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
Key market highlights
PART 05: Economic overview
PART 06: Market landscape
Market size and forecast
Five forces analysis
PART 07: Market segmentation by category
Global IT spending on railways market by category
PART 08: Geographical segmentation
Global IT spending on railways market by geography
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
Other prominent vendors
PART 15: Key vendor analysis
PART 16: Appendix
List of abbreviations
List of Exhibits
Exhibit 01: Spending categories of railways
Exhibit 02: Countries covered for market analysis
Exhibit 03: Product offerings
Exhibit 04: Global IT spending on railways market 2015-2020 ($ billions)
Exhibit 05: Five forces analysis
Exhibit 06: Global IT spending on railways market by category 2015
Exhibit 07: Global IT spending on railways market by category 2015-2020
Exhibit 08: Global IT spending on railways market by services 2015-2020 ($ billions)
Exhibit 09: Global IT spending on railways market by software 2015-2020 ($ billions)
Exhibit 10: Description of software solutions used in railways
Exhibit 11: Global IT spending on railways market by hardware 2015-2020 ($ billions)
Exhibit 12: Global IT spending on railways market by geography 2015
Exhibit 13: Impact of drivers and more..
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