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Railway Telematics Market Trends

Report ID: GMI6202
Published Date: Jul 2023
Report Format: PDF

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Railway Telematics Market Trends

Big data analytics is becoming increasingly popular in the railway telematics industry. The integration of advanced analytics tools and techniques enables real-time processing and analysis of large volumes of data. This aids in identifying patterns, detecting anomalies, and generating actionable insights. By harnessing the power of big data analytics, rail operators can optimize resource allocation, improve maintenance practices, enhance operational efficiency, and provide personalized services to passengers.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of railway telematics was reached USD 8.3 billion in 2022 and is set to expand at a CAGR of 6.5% between 2023 and 2032, owing to focus on operational efficiency in smart transportation.

The passenger train segment was valued at over USD 6 billion in 2022, as telematics solutions provide real-time monitoring capabilities, enabling operators to track train locations, analyze passenger flow, and manage security systems.

North America market held the revenue share of over 40% in 2022, owing to an increased adoption of telematics solutions in both passenger and freight train operations for operational efficiency, safety enhancements, and regulatory compliance.

A1 Digital, Alstom SA, Amsted Industries, Hitachi Ltd., IBM Corporation, Intermodal Telematics, Intrex Telematics, Knorr-Bremse AG, Norfolk Southern, Railnova SA, Robert Bosch GmbH, Savvy Telematics, Siemens AG, Trinity Industries, and Wabtec Corporation.