Digital rail market worth $100.1 billion by 2027 –

Chicago, August 17, 2022 (GLOBE NEWSWIRE) — Digital Rail Market Size is expected to grow from $63.0 billion in 2022 to $100.1 billion by 2027, at a compound annual growth rate (CAGR) of 9.7% over the forecast period, according to a new report from MarketsandMarkets™.

Review the detailed TOC in “Digital Rail Market
202 – Tables
46 – Figures
223 – Pages

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By solutions, remote monitoring segment will grow with the largest market share during the forecast period

Train monitoring systems function as real-time lane location and detection systems. They track the location of the train and provide details about the location, speed of the train, and details of the next station to the passenger, the train operator, and anyone who wants to know that information. Monitoring solutions are systems capable of monitoring the status of the rail system, rail tension, temperature and motor status. Train tracking solutions also help dispatchers make better decisions by having more accurate, real-time information about each vehicle. Railways have limited operational flexibility and face increasing demand for passenger and freight traffic on existing infrastructure. Reliable provision of additional capacity requires an improved system for traffic control and management purposes, as well as for system reliability and security. The use of intelligent infrastructure for failure prediction and preventive maintenance guidance help maintain operational capacity and improve rail infrastructure reliability and operational efficiency.

By Services Professional Services is expected to grow to a higher market share during the forecast period

Professional services are provided by professionals or experts to help clients. They include system integration and implementation, consulting, and support and maintenance. Professional service providers offer a wide range of services with the help of cutting-edge technologies, tools and strategies to meet the needs of organizations. Implementation and integration services ensure the proper integration of digital rail solutions and services with other components of the IT system. Support and maintenance services aim to provide technical support to customers and offer improvements and updates to digital rail solutions. Clients use consulting services to analyze their needs and understand the best option based on their requirements.

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The Europe region will record the highest market share in the digital rail market

European countries have been investing mostly in the modernization and improvement of the railway infrastructure. Social and commercial agreements between the countries of the European Union (EU) have promoted large-scale cross-border trade and passenger traffic in Europe. Great development is expected in the region, especially in communication technology, as the European Telecommunications Standards Institute (ETSI) has formed an individual committee to focus on the standardization of Machine-to-Machine (M2M) communication privacy. and high business standards. The dynamics of the railway industry in Europe is changing with new freight and passenger management systems. Several European countries are expected to adapt to new digital rail solutions to increase the efficiency of existing infrastructure. In November 2021, the UK government announced a $126 billion investment in rail infrastructure to bring better and faster travel to more people across the country. This represents a significant opportunity for companies working to develop new advanced connected rail solutions.

Key suppliers and innovators in the Digital Rail Market are Siemens (Germany), Cisco (USA), Hitachi (Japan), Wabtec (USA), Alstom (France), IBM (USA), ABB (Switzerland), Huawei (China), Thales (France), Fujitsu (Japan), DXC (USA), Indra (Spain), Nokia (Finland), Atkins (UK), Toshiba (Japan) and Bombardier (Canada), ZEDAS (Germany), r2p (Germany), Simpleway (Czech Republic), Tego (USA), Assetic (Australia), OXplus (Netherlands), Passio Technologies (USA), Delphisonic (USA), Uptake (USA). USA), KONUX (Germany), Machines With Vision (UK).

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