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(USGovernment-News.Com, March 25, 2015 ) Dallas, TX -- Traffic congestion on roadways has increased the demand for railways. Compared to other modes of transportation, people find trains are more feasible and convenient to travel. Moreover, railways are considered as a safer and cleaner option when compared to roadways. An increase in the demand for railway transport has made it mandatory for railway operators to make their systems more advanced and automated. A smart railway system comprises solutions, devices and components, and services, which automates and optimises the usage of railway infrastructure to carry out advanced functions. It has several components such as passenger reservation and information systems, freight operation information systems, railway traffic management, operations and asset management, IP-based security monitoring, communications, ticketing, and railway analytics.
Analysts forecast the Global Smart Railway System market to grow at a CAGR of 26.76 percent over the period 2014-2019.
Covered in this Report
The Global Smart Railway System market can be divided into three segments: Solutions, Devices and Components, and Services. The products in these segments help railway operators automate their systems and provide an efficient service to their customers.
The Global Smart Railway System Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Europe, Latin America, the Middle East, and North America; it covers the Global Smart Railway System market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
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