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Nov 10, 2017 12:29 PM ET

IT Spending in Railways 2017 Global Market Expected to Grow at CAGR 15.93% and Forecast to 2020

iCrowdNewswire - Nov 10, 2017

WiseGuyReports.Com Publish a New Market Research Report On – IT Spending in Railways 2017 Global Market Expected to Grow at CAGR 15.93% and Forecast to 2020”.


The analysts forecast the global IT spending on railways market to grow at a CAGR of 15.93% during the period 2016-2020.


Railway infrastructure plays a vital role in the economic and social development of a country. Globally, the traffic congestion on roads has increased. As a result, people choose trains as a mode of transportation as it is a more feasible and convenient option, especially for long-distance traveling. The rise in passenger and freight traffic has led to a surge in the adoption of IT solutions in railways. 

Integration of IT solutions has not only improved operational efficiency and passenger travel experience but also reduced overall costs. Therefore, IT solutions have become a core component of almost all railway operations — from ticketing to logistics handling to catering. Railway systems have improved significantly in the fields of security, operations, and customer services with the extensive use of information communications and technology (ICT). New technologies, such as Internet Protocol (IP)-based networks and high bandwidth systems, are used to strengthen security and safety in railways. Mobile services are integrated with railway information systems to improve customer services and enhance travel experience.


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Covered in this report 
The report covers the present scenario and the growth prospects of the global IT spending on railways market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market.


The market is divided into the following segments based on geography: 
• Americas 


The report, Global Information Technology Spending in Railways Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.


Key vendors 
• Accenture plc 
• Altran Technologies SA 
• IBM Corp. 


Other prominent vendors 
• ABB 
• Alcatel-Lucent 
• Alstom 
• Ansaldo 
• Bombardier 
• Capgemini 
• CGI Group 
• Cisco Systems 
• CSC 
• GE Transportation 
• Hitachi 
• Huawei Technologies 
• Indra Sistemas 
• Infosys 
• Siemens 
• TCS 
• Tech Mahindra 
• Wipro


Market driver 
• Need to improve efficiency and reduce cost 
• For a full, detailed list, view our report


Market challenge 
• Increased complexity and cost in technology adoption 
• For a full, detailed list, view our report


Market trend 
• Emergence of new technologies 
• For a full, detailed list, view our report


Key questions answered in this report 
• What will the market size be in 2020 and what will the growth rate be? 
• What are the key market trends? 
• What is driving this market? 
• What are the challenges to market growth? 
• Who are the key vendors in this market space? 
• What are the market opportunities and threats faced by the key vendors? 
• What are the strengths and weaknesses of the key vendors?


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Table Of Contents – Major Key Points


PART 01: Executive summary 
• Highlights 


PART 02: Scope of the report 
• Market overview 
• Top-vendor offerings 


PART 03: Market research methodology 
• Research methodology 
• Economic indicators 


PART 04: Introduction 
• Key market highlights 


PART 05: Economic overview 


PART 06: Market landscape 
• Market overview 
• Market size and forecast 
• Five forces analysis 


PART 07: Market segmentation by category 
• Global IT spending on railways market by category 
• Services 
• Software 
• Hardware 


PART 08: Geographical segmentation 
• Global IT spending on railways market by geography 
• Americas 


PART 09: Market drivers 


PART 10: Impact of drivers 


PART 11: Market challenges 


PART 12: Impact of drivers and challenges


PART 13: Market trends 


PART 14: Vendor landscape 
• Competitive scenario 
• Major vendors 
• Other prominent vendors 


PART 15: Key vendor analysis 
• Accenture 
• Altran Technologies 
• IBM 
• SAP 




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For more information or any query mail at [email protected]




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