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Smart Railway Market

The global smart railway market is expected to expand at 16.5% CAGR during the forecast period 2017u20132024

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Smart Railway Market

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  1. Smart Railways Market

  2. Smart Railway Market Overview • The global smart railways market is spanned across North America, Europe, Asia-Pacific, and the rest of the world. Europe is expected to be the largest adopter of the Internet of Things (IoT) technology owing to the fast economic growth. For the purpose of analysis, Europe has been categorized into three regions—the UK, Germany, France, and the rest of Europe. During the forecast period, the UK accounted for the largest market share of 39.9% in 2018, growing at a CAGR of 16.2%, followed by Germany at17.3%. The growth in this region is driven by the significant investments on smart railways projects by the government.  • Smart-Rail received a funding of USD 6.6 Million from the European Union’s Horizon 2020 research and innovation program is expected to drive the market growth in this region.

  3. On the other hand, Asia-Pacific is expected to foresee the fastest growth of smart railways owing increasing regional demographics and changing traveling demand. The governments of different countries including India and China have initiated smart railways projects with the help of advanced technologies and high-end infrastructure support which is driving the market growth in the region. Also, the countries including South Korea, Japan, China, and India are showing revolutionary growth in their respective regions, which is expected to boost the market growth. • Taste the market data and market information presented through more than 135 market data tables and figures spread over 168 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Modular Data Center Market Research Report -Forecast to 2023”. Read More at: https://www.marketresearchfuture.com/reports/smart-railways-market-2685

  4. Market Segmentation • By Type—Station and Onboard Type. • By Component—Networking & Connectivity Devices, Control and Maintenance, Video Surveillance Cameras, Multimedia Infotainment Devices, and Others • By Services—Consulting Services, System Integration & Deployment, and Support & Maintenance. • By Solution—Smart Ticketing System, Rail Communication & Networking System, Advanced Security Monitoring System, Passenger Information System, Rail Analytics System, and Freight Information System. Get the sample copy @ https://www.marketresearchfuture.com/sample_request/1883

  5. Key Market Players

  6. Detailed Regional Analysis • The smart railway market, by region, has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Europe accounted for the largest market share of 54.5% in 2017, with a market value of USD 6,301.7 million; the market is expected to register a CAGR of 15.8% during the forecast period. North America was the second largest market in 2017, valued at USD 2,776.6 million; the market is projected to exhibit a CAGR of 16.7%. However, the market in Asia-Pacific is expected to register the highest CAGR of 19.7%. • The adoption of IoT technology, fast economic growth, and significant investments on smart railways projects by the government are expected to drive the growth of the smart railway market in the region. Moreover, smart rail received a funding of USD 6.6 million from the European Union’s Horizon 2020 research and innovation program.

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