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Global Smart Railways System Market 2015-2019 - Increased Adoption of Analytics and Big Data with ABB, Alstom, Bombardier, GE Transportation & IBM DominatingDUBLIN, Mar. 27, 2015 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/89cc96/global_smart) has announced the addition of the "Global Smart Railways System Market 2015-2019" report to their offering. The Global Smart Railway System market to grow at a CAGR of 26.76% over the period 2014-2019 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 comrises 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. 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. One key trend upcoming in the market is an increased adoption of analytics and big data. Smart railways will make use of IT and analytics systems to reduce accidents and take real-time decisions while scheduling trains or forecasting travel demand.
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For more information visit http://www.researchandmarkets.com/research/89cc96/global_smart Media Contact: Laura Wood , +353-1-481-1716, [email protected] To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-smart-railways-system-market-2015-2019---increased-adoption-of-analytics-and-big-data-with-abb-alstom-bombardier-ge-transportation--ibm-dominating-300058539.html SOURCE Research and Markets |