Advertising Driven Press Release Distribution
Advertising Driven Press Release Distribution
According to a new market research report “Digital Railway Market by Offering (Solutions and Services) , Application Type (Rail Operations Management, Passenger Experience, and Asset Management) , Region (North America, Europe, APAC, MEA, Latin America) – Global Forecast to 2024″, published by MarketsandMarkets, the digital railway market is expected to grow from USD 50.0 billion in 2019 to USD 74.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 8.4% during the forecast period.
Major factors expected to drive the growth of the digital railway include increasing investments in the railway sector in various countries and surge in passenger numbers over the past few years.
Browse and in-depth TOC on “Digital Railway Market”
72 – Tables
29 – Figures
129 – Pages
Request PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=206122052
Based on offerings, services segment to record for a higher growth rate during the forecast period
The service providers help in implementing rail solutions. The benefits of employing railway management system services are improved rail operations performance, reduced complexities, and reduced operating expenses, standardized and improved rail infrastructure, improved engagement cash flow and profitability, maximized strategic value of rail solutions, simplified project planning and execution, streamlined project lifecycle, real-time decisions, security, and improved resource productivity. The services have been bifurcated into 2 segments, namely, professional services and managed services.
Among services, managed services segment to grow at a higher CAGR during the forecast period
Under managed services, certain Information Technology (IT) operations are outsourced to a service provider who distantly maintains the customer’s IT infrastructure. Organizations’ need to optimize resource utilization, which is one of the major factors, expected to fuel the growth of the digital railway market. Managed services provide constant upgradations and customized features to fulfill the customers’ ever-growing demands. As a result, companies are rapidly outsourcing their tasks to Managed Service Providers (MSPs). Global managed service providers comprise vendors from diverse backgrounds, ranging from specialized managed service providers to system integrators and Value-Added Resellers (VARs).
Speak to Our Expert Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=206122052
Europe to account for the largest market size during the forecast period
Social and trade agreements among the European Union (EU) countries have promoted large-scale, cross-border trade, and passenger traffic in the European region. High growth is expected in this region, especially in the communication technology, as the European Telecommunications Standards Institute (ETSI) has formed a separate committee to focus on the Machine- to- Machine (M2M) communication privacy standardization and high trading standards. The dynamics of the rail industry in Europe are changing rapidly with new freight and passenger management systems. To boost the efficiency of the existing infrastructure, many of the European countries are expected to adapt to the new digital railway solutions.
Key and emerging market players include Siemens (Germany), Cisco (US), Hitachi (Japan), Altsom (France), IBM (US), ABB (Switzerland), Huawei (China), Thales (France), Fujitsu (Japan), DXC (US), Indra (Spain), Nokia (Finland), Atkins (UK), Toshiba (Japan), and Bombardier (Canada). These players have adopted various strategies to grow in the digital railway.
Browse Adjacent Markets @ Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
MnM Blog: https://mnmblog.org/
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/digital-railway.asp
Superior Properties Offered by Polyurea Coatings Market
MoEngage to be Listed as a top Marketing Automation Software on 360Quadrants
Automated Guided Vehicle (AGV) Market worth $3.6 billion by 2025
Marine Actuator and Valves Market Worth $4.2 Billion by 2025
Supercapacitor Market Worth $720 Million by 2025