Connected Rail Solutions Market Analysis Europe, APAC, North America, Middle East and Africa, South America - US, China, Japan, UK, Germany - Size and Forecast 2024-2028

Published: Oct 2023 Pages: 181 SKU: IRTNTR40253

Connected Rail Solutions Market 2024-2028 :

The connected rail solutions market size is estimated to grow at a CAGR of 5.9% between 2023 and 2028. The market size is forecast to increase by USD 38.12 billion. The growth of the market depends on several factors, including increasing adoption of technologically advanced connected devices, digital transformation in railway industry and developments in railway infrastructure. Connected rail solutions are used to collect data essential for understanding the events occurring in the railway industry, including train tracking, guiding, and communication. The users of connected rail solutions gather data to improve productivity, increase the safety of trains and passengers, and ensure efficiency in railway operations. Connected rail solutions integrate capabilities from multiple preoperatory networks in railway operations into new converged Internet Protocol (IP)-based network infrastructure. These solutions provide resilient infrastructure to deliver numerous services, such as onboard safety and security (including video surveillance), entertainment services, and passenger information display and collection and establish real-time communication between various entities of railway systems and end-customers of railways.

This connected rail solutions market report extensively covers market segmentation by safety and signaling system (CBTC, PTC, and ATC), deployment (on-premises and cloud-based), and geography (Europe, APAC, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 - 2022 .

What will be the size of the Connected Rail Solutions Market During the Forecast Period?

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Connected Rail Solutions Market Overview

 Driver

Increasing adoption of technologically advanced connected devices is notably driving the market growth. Globally, smartphone sales have increased rapidly in the past three years, and end-users prefer technologically advanced mobile devices for both personal and professional use. The high adoption of connected devices among individuals encourages railway operators to adopt advanced devices that can connect railway operations and end customers. The growth in the number of connected devices across the globe is a significant factor that encouraged railway operators to incorporate connected rail solutions in their operations. Technological advances and the increasing adoption of various technologies by end-users are boosting the adoption of electronic content in commercial railways.

Moreover, government regulations are forcing the deployment of minimum levels of advanced driver-assistance systems (ADAS). Such developments are increasing the number of trains embedded with software and hardware to enable compatibility with communication systems. The presence of a conducive technology environment or platform that enables the viability of connected rail solutions will drive connected rail solutions market growth during the forecast period.

Trends

IoT integration powered by AI technology in the railway industry is an emerging trend shaping the market growth. The development of connected trains will also support the development of IoT, which is a network created by physical devices, such as smartphones, other transportation vehicles (such as cars, ships, and flights), and other items embedded with network connectivity, including actuators, sensors, software, and electronics, to communicate with each other. The modern design of railcars uses the Design for Six Sigma (DFSS), along with the Theory of Inventive Problem Solving (TRIZ), which helps in reducing errors in the process and ensures maximum quality of products. The TRIZ and DFSS combination helps designers understand many design trade-offs that require compromises in conflicting decision management. 

However, this will increase the weight of railcars, reducing their ability to carry loads and decreasing fuel efficiency. The TRIZ solutions use structural designs to provide crash protection with superior performance and less weight. Similarly, the DFSS helps in checking the design function separately, ensuring there is a zero or minimal error in the process. Hence, the DFSS and TRIZ will ensure efficient and better railcar designs in the future, which will drive the growth of the global connected rail solutions market in the new and advanced rolling stock manufacturing during the forecast period.

Restrain

Reluctance to adopt new systems is a significant challenge hindering market growth.  The global railway industry has not been an active adopter of advanced technologies, and it still uses some of the traditional processes. Employees who use traditional methods of document handling are reluctant to move toward electronic record management solutions due to the possibility of downtime and the requirement for additional training. System reliability is challenged by users, which determines the acceptance level of new systems by users. Sensors and communication systems that deliver railway process automation need to be tuned accurately to avoid false positives. Improper tuning of communication systems can create unwanted stoppages of critical operations in trains. The technology is tuned to generate only high-risk alerts.

Therefore, electronic system manufacturers need to consider such consequences to deliver solutions in line with user expectations. In addition, a shallow talent pool at training and dealer sites may emerge as a global concern among first-time users of such new technologies, which may restrict the growth of the market during the forecast period. Hence, the reluctance of railway operators to adopt new systems will hinder the growth of the global connected rail solutions market during the forecast period.

Connected Rail Solutions Market Segmentation By Safety And Signaling System Segment

The market share growth by the CBTC segment will be significant during the forecast period. The increasing use of CBTC solutions for rail route management and infrastructure control in railways is driving the growth of this segment. CBTC is a type of railway safety and signaling system that tracks the location of trains using satellite and location-based technologies. This system also manages the time interval between trains or metros traveling on the same line, which helps in increasing the safety of trains and passengers traveling in them.

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The CBTC segment was the largest and was valued at USD 43.22 billion in 2018. The growth of freight car logistics is the major factor accelerating the growth of this segment. The increasing use of railways for goods transportation and the growing requirement for smart logistics systems from rail logistics service providers and their end customers are driving the adoption of the CBTC safety and signaling system. The rapid rise of rail freight transportation is due to the environmental sustainability of rail transportation. Compared with other modes of transportation, rail freight transportation produces lower negative environmental impacts, and it is 55% more fuel-efficient than other modes of transportation. The rise in rail freight logistics across the globe is expected to boost the requirement for smart and connected rail solutions, which will drive the growth of the global connected rail solutions market through the CBTC segment during the forecast period.

Connected Rail Solutions Market Segmentation By Deployment Segment   

On-premises solutions focus on leveraging advanced technologies to enhance operational efficiency, passenger safety, and overall rail network management. On-premises deployment refers to the installation and utilization of connected rail solutions within the rail operators' infrastructure, allowing them to have direct control and management of the systems. However, on-premises deployment also presents challenges such as higher upfront costs, the need for dedicated IT infrastructure and expertise, and potential limitations in terms of scalability and agility compared to cloud-based solutions. These factors must be taken into account while considering the deployment strategy in the global connected rail solutions market. However, the growing popularity of cloud-based solutions will slow down the growth of the on-premises segment of the global connected rail solutions market during the forecast period.

Regional Overview

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APAC is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The railway is a significant medium of transportation in Europe, where several countries are linked to each other through rail networks. According to the Community of European Railway (CER) and Infrastructure Companies, around 9.5 billion passengers are transported by railways in Europe every year. Europe has several major companies with a presence in the railway transportation sector, such as ALSTOM, Siemens, and Thales. The region has also been a frontrunner in adopting advanced systems for railway transportation. From the technology aspect, the railway industry in Europe has evolved significantly due to the growing adoption of IoT.

In the past three years, railway operators and government agencies in different countries in the EU have developed digitalization programs. The initiatives and solutions proposed through such programs, such as the Shift2Rail, PPP, and UIC Digital Platform, have been promoting the digital transformation of railways on a large scale. Such factors are expected to drive the market growth during the forecast period. 

In 2020, the railway industry faced a severe setback owing to the spread of COVID-19 in Europe.  However, with government relief packages, the railway industry recovered its revenue losses to a certain extent in 2022. Several railway projects are expected to commence and the market start recovering. Such factors are expected to drive the regional market growth during the forecast period. 

Connected Rail Solutions Market Customer Landscape

The Connected Rail Solutions Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Connected Rail Solutions Market Customer Landscape

Who are the Major Connected Rail Solutions Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ABB Ltd. - The company offers connected rail solutions such as traction systems and products for rolling stock, abb ability, control and signaling, and traction power supply.

ALSTOM SA - The company offers connected rail solutions such as Iconis security, rolling stock, and interlocking 4.0.

Atos SE - The company offers connected rail solutions such as Gsm R solution, network rail private cloud, and Lifelink critical communication solutions.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • CalAmp Corp.
  • Cisco Systems Inc.
  • Digi International Inc.
  • General Electric Co.
  • Hitachi Ltd.
  • Huawei Technologies Co. Ltd.
  • Indra Sistemas SA
  • Mitsubishi Electric Corp.
  • Nokia Corp.
  • Robert Bosch GmbH
  • Schneider Electric SE
  • Siemens AG
  • Sierra Wireless Inc.
  • Thales Group
  • Toshiba Corp.
  • Trimble Inc.
  • WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The connected rail solutions market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 - 2022.

  • Safety And Signaling System Outlook
    • CBTC
    • PTC
    • ATC
  • Deployment Outlook
    • On-premises
    • Cloud-based
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile 
      • Brazil 
      • Argentina 
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Connected Rail Solutions Market Scope

Report Coverage

Details

Page number

181

Base year

2023

Historic period

2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.9%

Market Growth 2024-2028

USD 38.12 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

5.44

Regional analysis

Europe, APAC, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 32%

Key countries

US, China, Japan, UK, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., ALSTOM SA, Atos SE, CalAmp Corp., Cisco Systems Inc., Digi International Inc., General Electric Co., Hitachi Ltd., Huawei Technologies Co. Ltd., Indra Sistemas SA, Mitsubishi Electric Corp., Nokia Corp., Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Sierra Wireless Inc., Thales Group, Toshiba Corp., Trimble Inc., and WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Connected Rail Solutions Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market  size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across Europe, APAC, North America, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Safety and Signaling System
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global connected rail solutions market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global connected rail solutions market 2018 - 2022 ($ billion)
    • 4.2 Safety And Signaling System Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Safety And Signaling System Segment 2018 - 2022 ($ billion)
    • 4.3 Deployment Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Deployment Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Safety and Signaling System

    • 6.1 Market segments
      • Exhibit 30: Chart on Safety and Signaling System - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Safety and Signaling System - Market share 2023-2028 (%)
    • 6.2 Comparison by Safety and Signaling System
      • Exhibit 32: Chart on Comparison by Safety and Signaling System
      • Exhibit 33: Data Table on Comparison by Safety and Signaling System
    • 6.3 CBTC - Market size and forecast 2023-2028
      • Exhibit 34: Chart on CBTC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on CBTC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on CBTC - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on CBTC - Year-over-year growth 2023-2028 (%)
    • 6.4 PTC - Market size and forecast 2023-2028
      • Exhibit 38: Chart on PTC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on PTC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on PTC - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on PTC - Year-over-year growth 2023-2028 (%)
    • 6.5 ATC - Market size and forecast 2023-2028
      • Exhibit 42: Chart on ATC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on ATC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on ATC - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on ATC - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Safety and Signaling System
      • Exhibit 46: Market opportunity by Safety and Signaling System ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Safety and Signaling System ($ billion)

    7 Market Segmentation by Deployment

    • 7.1 Market segments
      • Exhibit 48: Chart on Deployment - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Deployment - Market share 2023-2028 (%)
    • 7.2 Comparison by Deployment
      • Exhibit 50: Chart on Comparison by Deployment
      • Exhibit 51: Data Table on Comparison by Deployment
    • 7.3 On-premises - Market size and forecast 2023-2028
      • Exhibit 52: Chart on On-premises - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on On-premises - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on On-premises - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on On-premises - Year-over-year growth 2023-2028 (%)
    • 7.4 Cloud-based - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Cloud-based - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Cloud-based - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Cloud-based - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Cloud-based - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Deployment
      • Exhibit 60: Market opportunity by Deployment ($ billion)
      • Exhibit 61: Data Table on Market opportunity by Deployment ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2023-2028
      • Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.4 APAC - Market size and forecast 2023-2028
      • Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 UK - Market size and forecast 2023-2028
      • Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 Japan - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 115: ABB Ltd. - Overview
              • Exhibit 116: ABB Ltd. - Business segments
              • Exhibit 117: ABB Ltd. - Key offerings
              • Exhibit 118: ABB Ltd. - Segment focus
            • 12.4 ALSTOM SA
              • Exhibit 119: ALSTOM SA - Overview
              • Exhibit 120: ALSTOM SA - Business segments
              • Exhibit 121: ALSTOM SA - Key offerings
              • Exhibit 122: ALSTOM SA - Segment focus
            • 12.5 Atos SE
              • Exhibit 123: Atos SE - Overview
              • Exhibit 124: Atos SE - Business segments
              • Exhibit 125: Atos SE - Key news
              • Exhibit 126: Atos SE - Key offerings
              • Exhibit 127: Atos SE - Segment focus
            • 12.6 CalAmp Corp.
              • Exhibit 128: CalAmp Corp. - Overview
              • Exhibit 129: CalAmp Corp. - Business segments
              • Exhibit 130: CalAmp Corp. - Key offerings
              • Exhibit 131: CalAmp Corp. - Segment focus
            • 12.7 Cisco Systems Inc.
              • Exhibit 132: Cisco Systems Inc. - Overview
              • Exhibit 133: Cisco Systems Inc. - Business segments
              • Exhibit 134: Cisco Systems Inc. - Key news
              • Exhibit 135: Cisco Systems Inc. - Key offerings
              • Exhibit 136: Cisco Systems Inc. - Segment focus
            • 12.8 Digi International Inc.
              • Exhibit 137: Digi International Inc. - Overview
              • Exhibit 138: Digi International Inc. - Business segments
              • Exhibit 139: Digi International Inc. - Key offerings
              • Exhibit 140: Digi International Inc. - Segment focus
            • 12.9 General Electric Co.
              • Exhibit 141: General Electric Co. - Overview
              • Exhibit 142: General Electric Co. - Business segments
              • Exhibit 143: General Electric Co. - Key news
              • Exhibit 144: General Electric Co. - Key offerings
              • Exhibit 145: General Electric Co. - Segment focus
            • 12.10 Hitachi Ltd.
              • Exhibit 146: Hitachi Ltd. - Overview
              • Exhibit 147: Hitachi Ltd. - Business segments
              • Exhibit 148: Hitachi Ltd. - Key news
              • Exhibit 149: Hitachi Ltd. - Key offerings
              • Exhibit 150: Hitachi Ltd. - Segment focus
            • 12.11 Huawei Technologies Co. Ltd.
              • Exhibit 151: Huawei Technologies Co. Ltd. - Overview
              • Exhibit 152: Huawei Technologies Co. Ltd. - Business segments
              • Exhibit 153: Huawei Technologies Co. Ltd. - Key news
              • Exhibit 154: Huawei Technologies Co. Ltd. - Key offerings
              • Exhibit 155: Huawei Technologies Co. Ltd. - Segment focus
            • 12.12 Indra Sistemas SA
              • Exhibit 156: Indra Sistemas SA - Overview
              • Exhibit 157: Indra Sistemas SA - Business segments
              • Exhibit 158: Indra Sistemas SA - Key offerings
              • Exhibit 159: Indra Sistemas SA - Segment focus
            • 12.13 Mitsubishi Electric Corp.
              • Exhibit 160: Mitsubishi Electric Corp. - Overview
              • Exhibit 161: Mitsubishi Electric Corp. - Business segments
              • Exhibit 162: Mitsubishi Electric Corp. - Key news
              • Exhibit 163: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 164: Mitsubishi Electric Corp. - Segment focus
            • 12.14 Robert Bosch GmbH
              • Exhibit 165: Robert Bosch GmbH - Overview
              • Exhibit 166: Robert Bosch GmbH - Business segments
              • Exhibit 167: Robert Bosch GmbH - Key news
              • Exhibit 168: Robert Bosch GmbH - Key offerings
              • Exhibit 169: Robert Bosch GmbH - Segment focus
            • 12.15 Schneider Electric SE
              • Exhibit 170: Schneider Electric SE - Overview
              • Exhibit 171: Schneider Electric SE - Business segments
              • Exhibit 172: Schneider Electric SE - Key news
              • Exhibit 173: Schneider Electric SE - Key offerings
              • Exhibit 174: Schneider Electric SE - Segment focus
            • 12.16 Siemens AG
              • Exhibit 175: Siemens AG - Overview
              • Exhibit 176: Siemens AG - Business segments
              • Exhibit 177: Siemens AG - Key news
              • Exhibit 178: Siemens AG - Key offerings
              • Exhibit 179: Siemens AG - Segment focus
            • 12.17 WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.
              • Exhibit 180: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP. - Overview
              • Exhibit 181: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP. - Business segments
              • Exhibit 182: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP. - Key news
              • Exhibit 183: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP. - Key offerings
              • Exhibit 184: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 185: Inclusions checklist
                • Exhibit 186: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 187: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 188: Research methodology
                • Exhibit 189: Validation techniques employed for market sizing
                • Exhibit 190: Information sources
              • 13.5 List of abbreviations
                • Exhibit 191: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

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