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Connected Rail Solutions Market by Safety and Signaling System and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 120
  • SKU: IRTNTR40253
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The connected rail solutions market's growth momentum will accelerate at a CAGR of 6.34% and the market share will increase by USD 37.25 billion from 2021 to 2026.

This connected rail solutions market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers connected rail solutions market segmentation by:

  • Safety and Signaling System - CBTC, PTC, and ATC
  • Geography - Europe, APAC, North America, Middle East and Africa, and South America

The connected rail solutions market report also offers information on several market vendors, including 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, International Business Machines Corp., Mitsubishi Electric Corp., Nokia Corp., Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Sierra Wireless Inc., Telefonaktiebolaget LM Ericsson, Thales Group, and Trimble Inc. among others.

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

Connected Rail Solutions Market Size

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Connected Rail Solutions Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing adoption of technologically advanced connected devices is notably driving the connected rail solutions market growth, although factors such as the high cost of implementation may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the connected rail solutions industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Connected Rail Solutions Market Driver

One of the key factors driving growth in the connected rail solutions market is the increasing adoption of technologically advanced connected devices. The high adoption of connected devices among individuals encourages railway operators to adopt advanced devices that can connect railway operations and end customers. Factors such as improved user interface and the use of mobile devices, such as smartphones and tablets with high processing speed, have increased the adoption of connected rail solutions that connect end-customers of the railway industry and railway infrastructure through mobile apps. Currently, connected rail solutions are also used to obtain real-time information such as weather forecasts, directions to nearby locations, and train time updates. 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. The presence of a conducive technology environment or platform that enables the viability of connected rail solutions drives market growth.

Key Connected Rail Solutions Market Trend

The advent of smart cities is a connected rail solutions market trend that is expected to have a positive impact in the coming years. Smart cities refer to the interconnection of many digital technologies that enhance communication among connected devices while improving their performance, reducing costs, and ensuring the efficient use of resources. Smart cities help railway operators in responding quickly to the challenges faced by urban settlements. Vendors in the market are updating their offerings or launching new connected rail solutions to cater to the growing need for smart city transportation infrastructure. Smart city plans include the development of efficient urban mobility and public transport, which fosters the demand for connected rail solutions in the development of smart city projects. Technology has evolved from personal computers to laptops to even smaller versions such as smartphones, tablets, and portable navigation devices. The incorporation of such advanced technologies in smart cities is expected to drive the growth of the market during the forecast period.

Key Connected Rail Solutions Market Challenge

The high cost of implementation will be a major challenge for the connected rail solutions market during the forecast period. Railway projects are usually large and take a long time to complete. A majority of projects have witnessed issues such as a significant increase in installation costs. In addition, controlling and monitoring the ongoing projects have been a cause of concern for both vendors and end-users. The cost of connected rail solutions includes the cost of licensing, system design and customization, implementation, and upgrades. Railway platform operators that purchase connected rail solutions also require trained IT professionals with relevant skills to manage the solutions. After the implementation, the software and hardware need to be upgraded regularly to keep pace with the current market trends. These factors will lead to an increase in the implementation and maintenance cost of such software and hardware, which will hinder the growth of the global connected rail solutions market.

This connected rail solutions market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global connected rail solutions market as a part of the global information technology (IT) spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the connected rail solutions market during the forecast period.

Who are the Major Connected Rail Solutions Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 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
  • International Business Machines Corp.
  • Mitsubishi Electric Corp.
  • Nokia Corp.
  • Robert Bosch GmbH
  • Schneider Electric SE
  • Siemens AG
  • Sierra Wireless Inc.
  • Telefonaktiebolaget LM Ericsson
  • Thales Group
  • Trimble Inc.

 

This statistical study of the connected rail solutions market encompasses successful business strategies deployed by the key vendors. The connected rail solutions market is fragmented and the vendors are deploying growth strategies such as investing in product R&D to compete in the market.

Product Insights and News

  • global.abb - The company offers connected rail solutions such as traction systems and products for rolling stock, passenger stations, and traction power supply

  • global.abb - Through the electrification segment, the company offers electrification and building management solutions, products, and services for utilities, industry, transport, and infrastructure

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The connected rail solutions market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Connected Rail Solutions Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the connected rail solutions market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Connected Rail Solutions Market?

Connected Rail Solutions Market Market segmentation by region

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36% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for connected rail solutions in APAC. Market growth in this region will be faster than the growth of the market in the European, MEA, and North American regions.

The rising demand for an alternative mode of transportation due to high road traffic congestion, owing to the growth of the industrial and manufacturing sector will facilitate the connected rail solutions market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 had adversely impacted the growth of the market in focus in the region. The lockdown measures implemented by the government of different countries, primarily during the first half of 2020 in the wake of COVID-19, have significantly impacted the growth of the transportation industry, including railway transportation. However, with the relaxation of lockdown norms, railway freight revenues increased significantly in the region during the second half of 2020. Few major railway projects were launched during the second half of 2020. 

What are the Revenue-generating Safety and Signaling System Segments in the Connected Rail Solutions Market?

Connected Rail Solutions Market Segmentation

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The connected rail solutions 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. The growing need for safe transportation due to government regulations, along with the growing traffic congestion, has led to the high adoption of CBTC safety and signaling systems among railway industry participants.

This report provides an accurate prediction of the contribution of all the segments to the growth of the connected rail solutions market size and actionable market insights on post COVID-19 impact on each segment.

 

Connected Rail Solutions Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.34%

Market growth 2022-2026

$ 37.25 billion

Market structure

Fragmented

YoY growth (%)

4.92

Regional analysis

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

Performing market contribution

APAC at 36%

Key consumer countries

US, China, Japan, Russia, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

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, International Business Machines Corp., Mitsubishi Electric Corp., Nokia Corp., Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Sierra Wireless Inc., Telefonaktiebolaget LM Ericsson, Thales Group, and Trimble Inc.

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

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

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive connected rail solutions market growth during the next five years
  • Precise estimation of the connected rail solutions market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the connected rail solutions industry across Europe, APAC, North America, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of connected rail solutions market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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 Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Safety and Signaling System

    • 5.1 Market segments
      • Exhibit 24: Chart on Safety and Signaling System - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Safety and Signaling System - Market share 2021-2026 (%)
    • 5.2 Comparison by Safety and Signaling System
      • Exhibit 26: Chart on Comparison by Safety and Signaling System
      • Exhibit 27: Data Table on Comparison by Safety and Signaling System
    • 5.3 CBTC - Market size and forecast 2021-2026
      • Exhibit 28: Chart on CBTC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on CBTC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on CBTC - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on CBTC - Year-over-year growth 2021-2026 (%)
    • 5.4 PTC - Market size and forecast 2021-2026
      • Exhibit 32: Chart on PTC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on PTC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on PTC - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on PTC - Year-over-year growth 2021-2026 (%)
    • 5.5 ATC - Market size and forecast 2021-2026
      • Exhibit 36: Chart on ATC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 37: Data Table on ATC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Chart on ATC - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on ATC - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Safety and Signaling System
      • Exhibit 40: Market opportunity by Safety and Signaling System ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Russia - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Russia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on Russia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on Russia - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Russia - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 ABB Ltd.
              • Exhibit 93: ABB Ltd. - Overview
              • Exhibit 94: ABB Ltd. - Business segments
              • Exhibit 95: ABB Ltd. - Key offerings
              • Exhibit 96: ABB Ltd. - Segment focus
            • 10.4 ALSTOM SA
              • Exhibit 97: ALSTOM SA - Overview
              • Exhibit 98: ALSTOM SA - Business segments
              • Exhibit 99: ALSTOM SA - Key news
              • Exhibit 100: ALSTOM SA - Key offerings
              • Exhibit 101: ALSTOM SA - Segment focus
            • 10.5 Cisco Systems Inc.
              • Exhibit 102: Cisco Systems Inc. - Overview
              • Exhibit 103: Cisco Systems Inc. - Business segments
              • Exhibit 104: Cisco Systems Inc. - Key news
              • Exhibit 105: Cisco Systems Inc. - Key offerings
              • Exhibit 106: Cisco Systems Inc. - Segment focus
            • 10.6 General Electric Co.
              • Exhibit 107: General Electric Co. - Overview
              • Exhibit 108: General Electric Co. - Business segments
              • Exhibit 109: General Electric Co. - Key news
              • Exhibit 110: General Electric Co. - Key offerings
              • Exhibit 111: General Electric Co. - Segment focus
            • 10.7 Hitachi Ltd.
              • Exhibit 112: Hitachi Ltd. - Overview
              • Exhibit 113: Hitachi Ltd. - Business segments
              • Exhibit 114: Hitachi Ltd. - Key news
              • Exhibit 115: Hitachi Ltd. - Key offerings
              • Exhibit 116: Hitachi Ltd. - Segment focus
            • 10.8 International Business Machines Corp.
              • Exhibit 117: International Business Machines Corp. - Overview
              • Exhibit 118: International Business Machines Corp. - Business segments
              • Exhibit 119: International Business Machines Corp. - Key offerings
              • Exhibit 120: International Business Machines Corp. - Segment focus
            • 10.9 Mitsubishi Electric Corp.
              • Exhibit 121: Mitsubishi Electric Corp. - Overview
              • Exhibit 122: Mitsubishi Electric Corp. - Business segments
              • Exhibit 123: Mitsubishi Electric Corp. - Key news
              • Exhibit 124: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 125: Mitsubishi Electric Corp. - Segment focus
            • 10.10 Robert Bosch GmbH
              • Exhibit 126: Robert Bosch GmbH - Overview
              • Exhibit 127: Robert Bosch GmbH - Business segments
              • Exhibit 128: Robert Bosch GmbH - Key news
              • Exhibit 129: Robert Bosch GmbH - Key offerings
              • Exhibit 130: Robert Bosch GmbH - Segment focus
            • 10.11 Schneider Electric SE
              • Exhibit 131: Schneider Electric SE - Overview
              • Exhibit 132: Schneider Electric SE - Business segments
              • Exhibit 133: Schneider Electric SE - Key news
              • Exhibit 134: Schneider Electric SE - Key offerings
              • Exhibit 135: Schneider Electric SE - Segment focus
            • 10.12 Siemens AG
              • Exhibit 136: Siemens AG - Overview
              • Exhibit 137: Siemens AG - Business segments
              • Exhibit 138: Siemens AG - Key news
              • Exhibit 139: Siemens AG - Key offerings
              • Exhibit 140: Siemens AG - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 141: Inclusions checklist
                • Exhibit 142: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 143: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 144: Research methodology
                • Exhibit 145: Validation techniques employed for market sizing
                • Exhibit 146: Information sources
              • 11.5 List of abbreviations
                • Exhibit 147: 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.

              TechnavioINFORMATION 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
              Technavio

              TechnavioDATA 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
              Technavio

              TechnavioREPORT WRITING

              Qualitative

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

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Connected Rail Solutions Market market growth will increase by $37.25 bn during 2022-2026.
              The connected rail solutions market market is expected to grow at a CAGR of 6.34% during 2022-2026.
              Technavio has segmented the connected rail solutions market market by geography (Europe, APAC, North America, Middle East and Africa, South America, Europe, APAC, North America, Middle East and Africa, and South America).
              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, International Business Machines Corp., Mitsubishi Electric Corp., Nokia Corp., Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Sierra Wireless Inc., Telefonaktiebolaget LM Ericsson, Thales Group, Trimble Inc. are a few of the key vendors in the connected rail solutions market market.
              APAC will register the highest growth rate of 36% among the other regions. Therefore, the connected rail solutions market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the connected rail solutions market market growth are:
              • Increasing adoption of technologically advanced connected devices
              • Advent of smart cities
              The connected rail solutions market market vendors should focus on grabbing business opportunities from the europe segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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