Information and Technology

Market Analysis The global smart railways market is anticipated to touch USD 27.31 billion at a stellar 13.38% CAGR over the forecast period (2018-2024). Smart railway that comprises of smart ticketing, freight information systems and e-catering are indeed a reality. It is helping a great deal in the transport efficiency and eventually reducing costs by automating different processes and also leveraging technology with an aim to augment services. These railways are built through data analytics, cloud computing and GSM-R systems. Smart railway systems are bundling components and devices, services and solutions that helps in automating and optimizing the use of railway infrastructure to perform advanced functions. As railways being amid the most preferred and widely used transportation medium, the smart railways are likely to see a notable growth during the foreseeable future. Its implementation provides automated infrastructure for maintenance, management and operations of rail transpo...