DUBLIN, Sept. 12, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Smart Railway System Market 2014-2018" report to their offering.

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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.

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

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.

The 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.

One of the major trends witnessed in the market is the emergence of advanced technology solutions. To provide high-quality and safe services, the systems used in railways need to be further automated which is encouraging many railway operators to upgrade their systems with advanced solutions and devices.

According to the report, one of the major drivers in this market is the decline in hardware and connectivity costs. The decreasing cost of hardware components and internet connectivity has promoted the railways to make their systems more advanced and automated.

Further, the report states that the congestion and capacity constraints are the biggest hurdles to the growth of the market since these could result in a decline in end-to-end speeds and safety issues. As more people prefer to travel by train, this has created a lot of traffic congestion on the railways. This problem is compounded with capacity constraints.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Market Landscape

07. Market Segmentation by Type

08. Geographical Segmentation

09. Buying Criteria

10. Market Growth Drivers

11. Drivers and their Impact

12. Market Challenges

13. Impact of Drivers and Challenges

14. Market Trends

15. Trends and their Impact

16. Vendor Landscape

17. Key Vendor Analysis

18. Other Reports in this Series

Companies Mentioned:

• 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

For more information visit http://www.researchandmarkets.com/research/vdxljm/global_smart

Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets