Connected rail solutions include various solutions that incorporate various technologies into railways systems to provide protection to trains against accidents and enhance passenger experience. Radiant Insights, Inc market study identifies the growing urbanization and increasing investments to be one of the primary growth factors for the connected rail solutions market. Rail transportation is cheap, safe, and sustainable, and don’t cause traffic congestion on the roads. Several countries are investing significantly in rail infrastructure projects to enhance the public transportation facilities and improves the mobility provided to the public.
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The connected rail solutions market is moderately concentrated owing to the presence of numerous vendors. This market report focuses on the competition among the key vendors and their product offerings to attain competitive advantage in the smart rail solutions market. Our analysts also identify the focus areas and the strategies adopted by vendors to sustain in the connected rail solutions market.
Some of the companies covered in this report are as follows:
Geographical segmentation and analysis of the connected rail solutions market
The growth of the smart city projects will drive the growth of the connected rail solutions market. Smart city projects focus on overall development of efficient urban mobility and public transport, driving the demand for connected rail solutions. Globally, the smart city projects focus on enhancing the areas based on information technology and overall infrastructure upliftment. In 2016, Indian railway partnered with Union Urban Development Ministry for the reconstruction of the railway stations and connecting areas of the rail line.
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EMEA will be the major revenue contributor to the smart rail solutions market throughout the forecast period. The growing demand for connected rail solutions and widening railway network will drive the growth of the connected rail solutions market in this region.
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