Smart Railway Market Next Big Thing

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Smart railway systems are solutions and services that help the rail companies to collect information related to railway operations more closely and accurately. These systems help the rail operators to take timely action, which further helps in avoiding unwanted collision between the trains.

European government made a deployment plan that by 2023 around 50 percent of the Core Network Corridors will be ERTMS equipped allowing trains to run seamlessly across borders, in order to increase safety of the railway system. Therefore, increasing government initiatives towards the installation of advanced technology will help in improving railway safety and will positively fuel growth of the smart railway market in this region.

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Growing integration of IoT (Internet of Things) technology in railway is one of the major factors driving growth of the market

Smart railway systems are solutions and services that help the rail companies to collect information related to railway operations more closely and accurately. These systems help the rail operators to take timely action, which further helps in avoiding unwanted collision between the trains.

Rising adoption of IoT (Internet of Things) in railway infrastructure is one of the major factors driving growth of the market. Rising number of railroad accidents is another factor driving growth of the market. For instance, according to the analysis of Transport Safety Board of Canada, in Canada, the number of rail accidents occurred in 2013 was 1,036, which increased to 1,201 in 2014.

Global Smart Railway Market: Taxonomy

The global smart railway market is segmented on the basis of component type, service type, solutions, and region.

By Component Type:

• Video Surveillance Cameras

• Networking and Connectivity Devices

• Multimedia Infotainment Displays

By Service Type:

• Professional Services

  • Consulting Services

  • System Integration and Deployment

  • Support and Maintenance

• Managed Services

By Solutions:

• Passenger Information System

  • Multimedia Information and Entertainment Solution

  • Network Connectivity Solution

• Freight Information System

  • Freight Operation Management Solution

  • Freight Tracking Solutions

• Advanced Security Monitoring System

  • Video Analytic

  • Integrated Security System

• Rail Communication and Networking System

  • Ground-To-Train Communication Solution

  • Train-To-Train Communication Solutions

• Smart Ticketing System

• Rail Analytics System

• Railway Traffic Management System

• Rail Operations Management System

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Competitive Landscape

Major players operating in the global smart railway market include Alcatel-Lucent International, ABB Ltd, Ansaldo STS, Alstom SA, Cisco Systems, Inc., Bombardier Transportation, GE Transportation, CGI Group Inc., Huawei Technologies Co. Ltd., Indra Sistemas, S.A., Hitachi Ltd., Computer Sciences Corp., ZTE Corporation, IBM Corporation, and Siemens AG.

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