What is the size of the global smart railway market?

The global smart railway market size was estimated at USD 16.5 billion in 2020 and is expected to reach USD 38.4 billion in 2027.

What is the smart railway market growth?

The global smart railway market is expected to advance at a compound annual growth rate of 12.8% during the forecast period, 2021 to 2027.

Which system segment dominated the global smart railway market?

The smart ticketing system segment dominated the global market and accounted for the largest revenue share of more than 17.4% in 2020. Further, this segment is also anticipated to continue its dominance and emerge as the fastest-growing segment by 2025.

Which region accounted for the largest smart railway market share?

Europe dominated the smart railway market and accounted for the largest revenue share of over 35.33% in 2020.

Who are the key players in the smart railway market?

Alstom, BOMBARDIER INC., ABB Ltd, Siemens AG, Cisco Systems, Inc., Huawei Technologies Co., Ltd., IBM, Indra Sistemas, S.A., Hitachi, Ltd., and Aitek S.P.A are some of the key players in the market of smart railway market.

What are the factors driving the smart railway market?

Rapid urbanization coupled with rise in local commute requirements, increase in demand for passenger and freight capacity, Increase in number of railway projects across the globe, Changes in passenger payment habits are some of the factors that are driving the market of smart railway worldwide.

What is the size of the global smart railway market?

The global smart railway market size was estimated at USD 16.5 billion in 2020 and is expected to reach USD 38.4 billion in 2027.

What is the smart railway market growth?

The global smart railway market is expected to advance at a compound annual growth rate of 12.8% during the forecast period, 2021 to 2027.

Which system segment dominated the global smart railway market?

The smart ticketing system segment dominated the global market and accounted for the largest revenue share of more than 17.4% in 2020. Further, this segment is also anticipated to continue its dominance and emerge as the fastest-growing segment by 2025.

Which region accounted for the largest smart railway market share?

Europe dominated the smart railway market and accounted for the largest revenue share of over 35.33% in 2020.

Who are the key players in the smart railway market?

Alstom, BOMBARDIER INC., ABB Ltd, Siemens AG, Cisco Systems, Inc., Huawei Technologies Co., Ltd., IBM, Indra Sistemas, S.A., Hitachi, Ltd., and Aitek S.P.A are some of the key players in the market of smart railway market.

What are the factors driving the smart railway market?

Rapid urbanization coupled with rise in local commute requirements, increase in demand for passenger and freight capacity, Increase in number of railway projects across the globe, Changes in passenger payment habits are some of the factors that are driving the market of smart railway worldwide.

Smart Railway Market 2021

Industry Size, Regions, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2027

Smart Railway Market by System (Passenger Information System, Operations Management System, Monitoring System, Rail Communication System, Smart Ticketing, Rail Analytics), by Offering (Solution, Component, Service), by Region - Global Forecast to 2027

Region: Global | Format: Word, PPT, Excel | Report Status: Published

Smart Railway Market

Smart Railway Market 2021

Smart Railway Market by System (Passenger Information System, Operations Management System, Monitoring System, Rail Communication System, Smart Ticketing, Rail Analytics), by Offering (Solution, Component, Service), by Region - Global Forecast to 2027

Smart Railway Market by System (Passenger Information System, Operations Management System, Monitoring System, Rail Communication System, Smart Ticketing, Rail Analytics), by Offering (Solution, Component, Service), by Region - Global Forecast to 2027

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