A brief overview of Smart Railways Market is provided in the report based on product scope and market status & outlook. The market is segmented on the basis of type, end-users/application, and geography
Smart railways refer to the introduction of enhanced infrastructure facilities in railway stations, with intent to automate the same. In order to provide safe and reliable services for passengers, the railway's industry aims to bring about a change in the system.
Based on solution methods, the market is segmented into ticketing management system, integrated supervision system, parking management & guidance system, and traffic management system. Based on services, the market is segmented into business, professional, and cloud services.
â€¢ Rise in the need for efficient railway networks
â€¢ Favorable government initiatives and the emergence of IoT
â€¢ High capital investments
Top players in the global smart railways market include Cisco Systems, IBM Corporation, Huawei Technologies Co., Ltd., Hitachi Limited, General Electric, Siemens AG, Alcatel-Lucent, Alstom SA, Indra Sistemas S.A., and ABB Limited.
â€¢ By Solution:
o Ticketing management system
o Integrated supervision system
o Parking management and guidance system
o Traffic management system
â€¢ By Services:
o Cloud services
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â€¢ By Geography
o North America
? Rest of Europe
? South Korea
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