Acute challenges lie ahead for the rail industry
According to the American market research and consulting company MarketsandMarkets smart railways market will be worth $39.20 Billion by 2018.
Acute challenges lie ahead for the rail industry in terms of meeting forecast growth in demand, ensuring cost control and value for money, maintaining safety and security in the face of increased external pressures, achieving environmental sustainability targets, and meeting evolving customer expectations and needs.
In order to answer all these challenges, railway transportation management companies need to shift their focus on building Smart Railways infrastructure by developing and integrating Smart Railways solutions, according to MarketsandMarkets.
Smart railway infrastructure services and solutions are poised to catalyze the next phase of growth in the rail transportation industry.
In the newly published report "Smart Railways Market [Passenger Information Systems, Freight Information Systems, Rail Traffic Management, Operations Management, Security Monitoring, Communications, Ticketing, Rail Analytics]: Worldwide Market Forecasts and Analysis (2013 - 2018)", Marketsandmarket defines and segments the Smart Railways Market into various sub-segments with in-depth analysis and forecasting of revenues.
smart railway market
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