New ARC Advisory Group research on the Internet of Things in Railways market reveals that smart, connected, IoT-enabled solutions should help revive this outdated, yet very crucial industry. This technology disruption will help rail compete effectively against other modes of transportation and thus should be welcomed by all stakeholders. Intelligent trains provide the means for sustainable transportation, while bringing in a new era for passenger experience, smooth operations, and unprecedented access to information. Despite temporary budgetary constraints, governments in mature and emerging markets alike aim to develop their respective economies through investment in infrastructure and efficient transport solutions. In that regard, the railway industry remains strategic, spurring global investment.
“Europe and Asia are promising markets for the growth of IoT in railways due to growing population and urban migration, especially in cities. Across Asia, urban, intercity, and freight fleets need to be expanded in line with infrastructure improvements and economic growth. Significant investments have been made to accommodate and extend railways for the public” according to Muhammad Wasay Rashid, Lead Transportation and Smart Cities Analyst at ARC Advisory Group and key author of ARC’s Internet of Things in Railways Global Market Research report.
About the Internet of Things in Railways Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the Internet of Things in railways market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by region, train service, application type, asset type, revenue type, and customer type.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) - personalized spreadsheet includes the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
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