Smart Railway Systems Market 2020-2024 | Adoption of Advanced Technologies to Boost Growth | Technavio

Technavio has been monitoring the smart railway systems market and it is poised to grow by USD 15.03 billion during 2020-2024, progressing at a CAGR of almost 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200303005676/en/

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Hitachi Ltd., International Business Machines Corp., Nokia Corp., Robert Bosch GmbH and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Adoption of advanced technologies has been instrumental in driving the growth of the market. Request a free sample report

Smart Railway Systems Market 2020-2024: Segmentation

Smart Railway Systems Market is segmented as below:

Product

• Solutions
• Components
• Services

Geographic segmentation

• APAC
• Europe
• MEA
• North America
• South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40254

Smart Railway Systems Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our smart railway systems market report covers the following areas:

• Smart Railway Systems Market Size
• Smart Railway Systems Market Trends
• Smart Railway Systems Market Industry Analysis

This study identifies growing need for sustainable, clean, and high-speed transport as one of the prime reasons driving the smart railway systems market growth during the next few years.

Smart Railway Systems Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the smart railway systems market, including some of the vendors such as Hitachi Ltd., International Business Machines Corp., Nokia Corp., Robert Bosch GmbH and Siemens AG. Backed with competitive intelligence and benchmarking, our research reports on the smart railway systems market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Smart Railway Systems Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist smart railway systems market growth during the next five years
• Estimation of the smart railway systems market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the smart railway systems market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of smart railway systems market vendors

Table of Content

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 Preface
• 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Value Chain Analysis
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2019
• Market Outlook
• Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

• Market segmentation by product
• Comparison by product
• Solutions - Market size and forecast 2019-2024
• Components - Market size and forecast 2019-2024
• Services - Market size and forecast 2019-2024
• Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• IoT and big data to drive efficiency
• Need for sustainable, clean, and high-speed transport
• Growing consolidation in the railway industry

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• ABB Ltd.
• Alstom Holdings
• Bombardier Inc.
• Cisco Systems, Inc.
• General Electric Co.
• Hitachi Ltd.
• International Business Machines Corp.
• Nokia Corp.
• Robert Bosch GmbH
• Siemens AG

PART 14: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200303005676/en/