Digitalisation of Platforms and Intermodal Mobility to Boost Growth in all Rail Segments, finds Frost & Sullivan GIL Briefing
Analyst Briefing by Frost & Sullivan's Mobility Team
LONDON, Aug. 24, 2016 /PRNewswire/ --
Tuesday, 6th September, 2016 at 4:00 pm BST
Online, with Complimentary Registration
Krishna Achuthan, Frost & Sullivan Senior Research Analyst, Shyam Raman, Frost & Sullivan Program Manager and guest speaker Renate Bay, Managing Director ASC GmbH
There has been a steady growth in rail freight and passenger volumes across the globe and new business models are reshaping the rail landscape. In addition to the continuation of this trend, the influence of information technology in rail is expected to open opportunities for rail market participants to make advances in telematics, automation and energy efficiency. The global rail market is expected to provide significant opportunities in terms of growth as investment in new priority rail projects and government initiatives are expected to drive volumes and private investment in rail
The demand for improved efficiency in the rail industry is expected to drive the market for advanced asset and fleet management tools, new rolling stock, and upgrades to rail infrastructure. Rail OEMs, operators and service providers will expand capabilities in predictive analytics and remote asset management, and also focus on prognostics, safety enhancements, and wireless security solutions. Rail companies across the industry are required to adopt new business strategies and launch new services through mergers and acquisitions.
There will be significant investments in software and Big Data platforms, as well as the adoption of rail telematics for intermodal freight and the use of predictive analytics to enhance performance of railway operations. Future needs will be focused on implementing machine learning to automate processes. "Foreign investment and expertise is utilized to gain access to new generations of rail technologies forming symbiotic relationships between technologically advanced countries and the purchasing countries," finds Frost & Sullivan Senior Research Analyst Krishna Achuthan.
Major enhancements to rail infrastructure are a key focus in Europe. Projects of EUR 341.05 billion in cost are underway across Europe. Of these over EUR 194.26 billion worth of projects are still estimated to be addressable by market participants. More than $19 billion will be invested by federal grants over a 4-year period, starting in 2015 in North America. GE Transportation won orders for over 1,000 locomotives in India and over 233 locomotives in South Africa
- To attend the webcast, email Jana Schoeneborn, Corporate Communications, at firstname.lastname@example.org your full contact details.
- Receive a recorded version of the webcast anytime by submitting your contact details.
- For more information about Frost & Sullivan's Mobility team, please visit: http://ww2.frost.com/research/industry/automotive-transportation/.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
SOURCE Frost & Sullivan