Global Connected Rail Market Report 2022 to 2027 - Open Gateway for Telecommunication Providers Presents Opportunities - ResearchAndMarkets.com
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Thursday, November 3, 2022
Rail, Public Transport, Transport, CBTC, IBM, Growth, Investment, Urbanization, BMS, Wabtec, CAGR, Industry, PTC, Region, Government, Population, Safety, PIS, Siemens, Transport, ATC, Income, Adoption, USD, Hitachi, Mining, Technology, Sierra Wireless, Rail transport, Frecciarossa, CalAmp
The connected rail market is estimated to be USD 94.6 billion in 2022 and is projected to reach USD 124.5 billion by 2027, at a CAGR of 5.6%.
Key Points:
- The connected rail market is estimated to be USD 94.6 billion in 2022 and is projected to reach USD 124.5 billion by 2027, at a CAGR of 5.6%.
- In addition, investment in rail digitalization to provide services such as passenger information, train tracks, and others would boost the market for the connected rail system.
- The connected public transportation also provides efficient traffic management and a convenient traveling experience, but the slow growth in developing countries would affect the overall growth of the connected rail market.
- The increasing use of technology in railways presents several opportunities for connected rail technology manufacturers.