Boston, MA -- (SBWIRE) -- 08/22/2014 -- The congestion on road and in the air has increased the use of railways. People are finding it more feasible and convenient to travel by train than by any other mode of transportation. In addition, railways are safer and cleaner than roads. This increase in demand for railway travel has made it mandatory for railway operators to make their systems more advanced and automated. Thus advancement in technology is one of the major factor which is driving the growth of railway infrastructure. Another driver is population growth and hyper-urbanization.

TechNavio's analysts forecast the Global Smart Railway System market will grow at a CAGR of 26.11 percent over the period 2013-2018.

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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.

TechNavio's report, the Global Smart Railway System Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the EMEA, and the APAC regions; it also covers the Global Smart Railway System market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions

- Americas
- EMEA
- APAC

Key Vendors

- ABB Ltd.
- Alcatel Lucent International
- Alstom SA
- Ansaldo STS
- Bombardier Inc.
- CGI Group Inc.
- Cisco System Inc.
- Computer Science Corp.
- GE Transportation
- Hitachi Ltd.
- Huawei Technologies Co. Ltd.
- IBM Corp.
- Indra Sistemas SA
- Siemens AG

Key Market Driver

- Decrease in Hardware and Connection Costs
- For a full, detailed list, view our report.

Key Market Challenge

- Increased Congestion and Capacity
- For a full, detailed list, view our report.

Key Market Trend

- Emergence of Advanced Technology Solutions
- For a full, detailed list, view our report.

Key Questions Answered in this Report

- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Companies Mentioned in this Report: ABB Ltd., Alcatel Lucent International, Alstom SA, Ansaldo STS, Bombardier Inc., CGI Group Inc., Cisco System Inc., Computer Science Corp., GE Transportation, Hitachi Ltd., Huawei Technologies Co. Ltd., IBM Corp, Indra Sistemas SA, Siemens AG

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