スマート鉄道市場 – 2030年までの世界予測

本市場調査は、スマート鉄道の市場規模と、提供内容や地域など、様々なセグメントにおける成長の可能性を網羅しています。提供内容は、ソリューションとサービスに細分化されています。

スマート鉄道市場で調査対象となるソリューションには、旅客情報システム（マルチメディア情報とエンターテインメント、ネットワーク接続）、貨物管理システム（貨物運行管理、貨物追跡）、セキュリティおよび安全ソリューション（ビデオ監視および分析、侵入検知、アクセス制御、火災警報および音声避難、その他（画像およびスキャンソリューションおよびセキュリティ情報管理））、鉄道通信およびネットワークシステム（地上・列車間通信、列車間通信）、スマート発券システム、鉄道分析システム、鉄道資産管理および保守ソリューション（資産計画およびスケジューリング、労働力管理および最適化、状態基準監視、予知保全、その他（インシデント管理、保証管理、資材管理））、鉄道運行および制御ソリューションが含まれます。

スマート鉄道市場で調査対象となるサービスには、専門サービス（コンサルティング、システム統合および導入、研修サポートおよび保守）およびマネージドサービスが含まれます。スマート鉄道市場の地域分析は、北米、ヨーロッパ、アジア太平洋、中東およびアフリカ、ラテンアメリカをカバーしています。

The smart railways market is estimated to be USD 36.49 billion in 2025 and is projected to reach USD 54.31 billion by 2030 at a CAGR of 8.3%.

スマート鉄道市場は2025年には364億9,000万米ドルに達すると推定され、CAGR 8.3%で成長し、2030年までに543億1,000万米ドルに達すると予測されています。

The shift toward cloud and edge computing is revolutionary in the management of railway networks. These technologies enable rail operators to process huge amounts of operational data closer to the source, such as signals, locomotives, or ticketing gates, while enabling real-time decision-making and response to disruptions. Cloud computing allows data management, route optimization, and multi-operator coordination, which is especially important in interconnected or cross-border rail networks. Meanwhile, edge computing minimizes latency in mission-critical applications such as automatic signaling, surveillance, and emergency response systems. This combination improves scalability, cybersecurity, and data analytics capacities. With increasing passenger expectations for smooth and safe journeys and governments pushing for smarter transportation infrastructure as part of their national digitalization agendas, cloud and edge computing are becoming integral to smart rail strategies. Vendors are now providing platform-as-a-service (PaaS) and AI-powered edge solutions focused on rail operators, which makes this trend the core of the digital rail transformation.

クラウドとエッジコンピューティングへの移行は、鉄道網の管理において革命的な変化をもたらします。これらの技術により、鉄道事業者は信号、機関車、改札口といった情報源に近い場所で膨大な運用データを処理できるようになり、リアルタイムの意思決定と混乱への対応が可能になります。

クラウドコンピューティングは、データ管理、ルート最適化、そして複数事業者間の連携を可能にします。これは、相互接続された鉄道網や国境を越えた鉄道網において特に重要です。

一方、エッジコンピューティングは、自動信号、監視、緊急対応システムといったミッションクリティカルなアプリケーションにおける遅延を最小限に抑えます。この組み合わせにより、拡張性、サイバーセキュリティ、そしてデータ分析能力が向上します。スムーズで安全な移動に対する乗客の期待が高まり、政府が国家デジタル化の一環としてよりスマートな交通インフラの実現を推進する中、クラウドとエッジコンピューティングはスマート鉄道戦略に不可欠な存在になりつつあります。

ベンダーは現在、鉄道事業者向けにプラットフォーム・アズ・ア・サービス（PaaS）やAIを活用したエッジソリューションを提供しており、このトレンドは鉄道のデジタル変革の中核を担っています。

“Training, support, and maintenance services segment will witness the highest growth during the forecast period” Training, support, and maintenance services help users or customers gain operational working knowledge. These services include 24/7 customer support, repairs, upgrades, and proactive assistance of smart railway solutions, which cannot be utilized to the optimum level until employees are trained properly to leverage their benefits. Training is a costly affair for an organization, but it helps in the proper execution of the collaboration strategy and thus increases employee productivity by enabling employees to generate and consolidate ideas. Furthermore, rigorous training also helps in the increased adoption of smart railway solutions, as employees become aware of their various uses and benefits. Timely support and maintenance reduce the chances of issues in the overall performance of smart railway solutions. Vendors offering support and maintenance services focus on improving the performance of the solutions, reducing Capital Expenditure (CAPEX) and Operational Expenditure (OPEX), and ensuring end-to-end smart railway solution delivery and multi-vendor support. The support and maintenance teams help government and railway authorities reap benefits from their investments in implementing smart railway solutions.

“Multimedia information and entertainment solution segment is expected to have the largest market size during the forecast period” Multimedia information and entertainment solutions fulfill the passenger’s demand for information and entertainment while traveling in trains. These solutions consist of advanced software solutions and applications for managing and delivering all types of digital media content to railway passengers to make the travel experience comfortable. These solutions also help travelers communicate inside the train so that they can efficiently respond to emergency matters while traveling. The growth of the multimedia information and entertainment solutions segment is characterized by the growing demand for high-definition digital media content and real-time updates about train journeys.

“Asia Pacific is expected to record the highest growth rate during the forecast period”

The smart railway market in the Asia Pacific region is expected to experience the fastest growth during the forecast period. This growth is driven by the aggressive implementation of advanced technologies and significant investments in digital transformation initiatives by emerging economies. Countries such as China, India, South Korea, Singapore, and Australia are at the forefront, dedicating substantial funds to modernizing their rail networks. The high population density in this region increases the urgent need to expand and improve the existing rail infrastructure to meet the rising demands for transportation. In addition, government schemes to support smart infrastructure and digital communications are serving as powerful drivers of market growth. The increasing freight traffic across various industries, along with positive economic trends and a supportive regulatory environment, are key factors contributing to the smart railways market’s rapid growth in the Asia Pacific region during the projected period. Major investments in autonomous trains and AI-driven traffic systems in countries such as Japan or China also strengthen the region’s position in the market.

Breakdown of Primaries

The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The break-up of the primaries is as follows:

• By Company Type: Tier 1 – 35%, Tier 2 – 39%, and Tier 3 – 26%
• By Designation: C-level –33%, D-level – 25%, and Others – 42%
• By Region: North America – 38%, Europe – 20%, Asia Pacific – 30%, Rest of the World – 12%

The major players in the smart railways market include Alstom (France), Cisco (US), Wabtec (US), ABB (Switzerland), IBM (US), Hitachi (Japan), Huawei (China), Indra Sistemas (Spain), Siemens (Germany), Honeywell (US), Thales (France), Advantech (Taiwan), Fujitsu (Japan), Toshiba (Japan), Alcatel-Lucent Enterprise (France), Moxa (Taiwan), EKE-Electronics (Finland), Televic (Belgium), Uptake (US), Eurotech (Italy), Tego (US), KONUX (Germany), Aitek S.p.A (Italy), Assetic (Australia), Machines With Vision (UK), Delphisonic (US), Passio Technologies (US), CloudMoyo (US), Conduent (US), RailTel (India), and Chemito (India). These players have adopted various growth strategies, such as partnerships, agreements, collaborations, product launches/enhancements, and acquisitions, to expand their market footprint.

Research Coverage

The market study covers the market size of smart railways and their growth potential across different segments, including offerings and regions. The offerings are sub-segmented into solutions and services. The solutions studied under the smart railways market include passenger information systems (multimedia information and entertainment, network connectivity), freight management systems (freight operation management, freight tracking), security and safety solutions (video surveillance and analytics, intrusion detection, access control, fire alarm and voice evacuation, others (imaging and scanning solutions and security information management)), rail communication and networking systems (ground-to-train communication, train-to-train communication), smart ticketing systems, rail analytics systems, rail asset management and maintenance solutions (asset planning and scheduling, workforce management and optimization, condition-based monitoring, predictive maintenance, others (incident management, warranty management, and material management)), and rail operation and control solutions. The services studied under the smart railways market include professional services (consulting, system integration and deployment, training support and maintenance) and managed services. The regional analysis of the smart railways market covers North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Key Benefits of Buying the Report

The report will help market leaders and new entrants with information on the closest approximations of the global smart railways market’s revenue numbers and subsegments. It will also help stakeholders understand the competitive landscape, gain insights, and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market’s pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides the following insights.

• Analysis of key drivers (rise in need for efficiency in rail operations, rapid urbanization results in increased need for efficient railway systems, government initiatives and increased number of public-private partnership projects in rail industry, adoption of IoT and other automation technologies for process optimization, technological advancements targeted toward enhancement of customer experience), restraints (high initial cost of deployment), opportunities (increase in globalization and need for advanced transportation infrastructure, rise in demand for cloud-based services), and challenges (integration of advanced and complex systems with legacy infrastructure, disruption in logistics and supply chain of IoT devices, disruption in logistics and supply chain of IoT devices) influencing the growth of the smart railways market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the smart railways market
• Market Development: The report provides comprehensive information about lucrative markets, analyzing the smart railways market across various regions.
• Market Diversification: Comprehensive information about new products and services, untapped geographies, recent developments, and investments in the smart railways market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players: Alstom (France), Cisco (US), Wabtec (US), ABB (Switzerland), IBM (US), Hitachi (Japan), Huawei (China), Indra Sistemas (Spain), Siemens (Germany), Honeywell (US), Thales (France), Advantech (Taiwan), Fujitsu (Japan), Toshiba (Japan), Alcatel-Lucent Enterprise (France), Moxa (Taiwan), EKE-Electronics (Finland), Televic (Belgium), Uptake (US), Eurotech (Italy), Tego (US), KONUX (Germany), Aitek S.p.A. (Italy), Assetic (Australia), Machines With Vision (UK), Delphisonic (US), Passio Technologies (US), CloudMoyo (US), Conduent (US), RailTel (India), and Chemito (India).

Table of Contents

1               INTRODUCTION              30

1.1           STUDY OBJECTIVES       30

1.2           MARKET DEFINITION   30

1.3           STUDY SCOPE   31

1.3.1        SMART RAILWAYS MARKET SEGMENTATION     31

1.3.2        INCLUSIONS AND EXCLUSIONS 32

1.3.3        YEARS CONSIDERED      32

1.4           CURRENCY CONSIDERED            33

1.5           STAKEHOLDERS               33

1.6           SUMMARY OF CHANGES               34

2               RESEARCH METHODOLOGY       35

2.1           RESEARCH DATA              35

2.1.1        SECONDARY DATA          36

2.1.2        PRIMARY DATA 36

2.1.2.1    Primary interviews with experts         36

2.1.2.2    Breakdown of primaries      37

2.1.2.3    Key industry insights           38

2.2           MARKET SIZE ESTIMATION         38

2.2.1        TOP-DOWN APPROACH                39

2.2.2        BOTTOM-UP APPROACH              40

2.2.3        SMART RAILWAYS MARKET ESTIMATION: DEMAND-SIDE ANALYSIS 41

2.3           MARKET BREAKDOWN AND DATA TRIANGULATION                 43

2.4           RISK ASSESSMENT           44

2.5           RESEARCH ASSUMPTIONS           44

2.6           RESEARCH LIMITATIONS             45

3               EXECUTIVE SUMMARY  46

4               PREMIUM INSIGHTS       52

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SMART RAILWAYS MARKET        52

4.2           EUROPE: SMART RAILWAYS MARKET, 2025           52

4.3           ASIA PACIFIC: SMART RAILWAYS MARKET, 2025 53

5               MARKET OVERVIEW       54

5.1           INTRODUCTION              54

5.2           MARKET DYNAMICS       54

5.2.1        DRIVERS               55

5.2.1.1    Rise in need for efficiency in rail operations    55

5.2.1.2    Rapid urbanization results in increased need for efficient  railway systems     55

5.2.1.3    Government initiatives and increased number of public-private partnership projects in rail industry  56

5.2.1.4    Adoption of IoT and other automation technologies for process optimization          56

5.2.1.5    Technological advancements targeted toward enhancement of customer experience             57

5.2.2        RESTRAINTS      57

5.2.2.1    High initial cost of deployment          57

5.2.3        OPPORTUNITIES              57

5.2.3.1    Increased globalization and need for advanced transportation infrastructure        57

5.2.3.2    Rise in demand for cloud-based services          58

5.2.4        CHALLENGES    58

5.2.4.1    Integration of advanced and complex systems with legacy infrastructure        58

5.2.4.2    Disruption in logistics and supply chain of IoT devices 58

5.2.4.3    Data security and privacy issues related to IoT devices 58

5.3           BRIEF HISTORY OF SMART RAILWAYS    59

5.3.1        1980S–1990S: FOUNDATION LAYING        59

5.3.2        2000S: RISE OF INTELLIGENT INFRASTRUCTURE                 59

5.3.3        2010S: DIGITAL TRANSFORMATION AND CONNECTIVITY                60

5.3.4        2020S–PRESENT: AI-DRIVEN AND AUTONOMOUS RAILWAYS           60

5.4           ECOSYSTEM ANALYSIS  60

5.5           CASE STUDY ANALYSIS 61

5.5.1        CASE STUDY 1: LUXEMBOURG RAILWAYS EQUIPPED 34 NEW CORADIA TRAINS WITH ALSTOM’S AUTOMATIC TRAIN OPERATION SYSTEM      61

5.5.2        CASE STUDY 2: VTG RAIL EUROPE COLLABORATED WITH SIEMENS TO INNOVATE RAIL FREIGHT TRANSPORT                 62

5.5.3        CASE STUDY 3: UPTAKE AUTOMATED MAINTENANCE WORK ORDER OF A NORTH AMERICAN FREIGHT RAILWAY COMPANY           62

5.5.4        CASE STUDY 4: THALES PROVIDED TRAIN-TO-GROUND BROADBAND DATA COMMUNICATION SOLUTION TO BRESCIA METRO 63

5.5.5        CASE STUDY 5: COMBOIOS DE PORTUGAL IMPLEMENTED SOLUTIONS BY FUJITSU TO INNOVATE ITS TICKETING INFRASTRUCTURE 63

5.5.6        CASE STUDY 6: SIEMENS PROVIDED MAINTENANCE SERVICES TO GOVIA THAMESLINK RAILWAY      64

5.5.7        CASE STUDY 7: ASSETIC HELPED SYDNEY TRAINS VISUALIZE RAIL ASSETS FOR OPTIMIZED ASSET MANAGEMENT                 64

5.6           SUPPLY CHAIN ANALYSIS             65

5.7           TARIFF AND REGULATORY LANDSCAPE               66

5.7.1        TARIFF DATA (HSN: 853010) – ELECTRICAL SIGNALING, SAFETY, OR TRAFFIC CONTROL EQUIPMENT FOR RAILWAYS AND TRAMWAYS              66

5.8           REGULATORY LANDSCAPE         66

5.8.1        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             66

5.8.2        KEY REGULATIONS, BY REGION                68

5.8.2.1    North America      68

5.8.2.1.1 US           68

5.8.2.1.2 Canada   68

5.8.2.2    Europe   68

5.8.2.2.1 Germany                 68

5.8.2.2.2 UK          68

5.8.2.2.3 UK          68

5.8.2.3    Asia Pacific            69

5.8.2.3.1 China      69

5.8.2.3.2 India       69

5.8.2.3.3 Japan      69

5.8.2.4    Rest of the World 69

5.8.2.4.1 Qatar      69

5.8.2.4.2 Mexico   69

5.8.3        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             69

5.8.4        ISO         70

5.8.4.1    ISO/IEC JTC 1     70

5.8.4.2    ISO/IEC 27001     70

5.8.4.3    ISO/IEC 19770-1 70

5.8.4.4    ISO/IEC JTC 1/SWG 5      70

5.8.4.5    ISO/IEC JTC 1/SC 31         70

5.8.4.6    ISO/IEC JTC 1/SC 27         70

5.8.4.7    ISO/IEC JTC 1/WG 7 sensors           71

5.8.5        GDPR    71

5.8.6        FMCSA  71

5.8.7        FHWA    71

5.8.8        MARAD 71

5.8.9        FAA        71

5.8.10      FRA        71

5.8.11      IEEE-SA 72

5.8.12      CEN/ISO               72

5.8.13      CEN/CENELEC  72

5.8.14      ETSI       72

5.8.15      ITU-T    72

5.9           PRICING ANALYSIS          73

5.9.1        AVERAGE SELLING PRICE OF KEY PLAYERS, BY OFFERING           73

5.9.1.1    Indicative pricing analysis of key players, by solution    74

5.10         TECHNOLOGY ANALYSIS             74

5.10.1      KEY TECHNOLOGIES     74

5.10.1.1  Internet of Things (IoT)     74

5.10.1.2  Big data analytics and cloud computing            75

5.10.1.3  Artificial intelligence (AI) and machine learning (ML) 75

5.10.1.4  Advanced signaling systems                75

5.10.1.5  Communication-based train control (CBTC) 76

5.10.2      ADJACENT TECHNOLOGIES       76

5.10.2.1  Augmented reality (AR) and virtual reality (VR)            76

5.10.2.2  Blockchain             76

5.10.2.3  Drones   76

5.10.3      COMPLEMENTARY TECHNOLOGIES       77

5.10.3.1  Edge computing   77

5.10.3.2  Digital twin            77

5.10.3.3  Cybersecurity        77

5.10.3.4  5G and wireless communication networks       77

5.11         PATENT ANALYSIS          78

5.12         KEY CONFERENCES AND EVENTS, 2025–2026        79

5.13         PORTER’S FIVE FORCES MODEL                80

5.13.1      THREAT OF NEW ENTRANTS      81

5.13.2      THREAT OF SUBSTITUTES          81

5.13.3      BARGAINING POWER OF BUYERS             81

5.13.4      BARGAINING POWER OF SUPPLIERS       81

5.13.5      INTENSITY OF COMPETITIVE RIVALRY 82

5.14         TRADE ANALYSIS             82

5.14.1      EXPORT SCENARIO OF PARTS SUITABLE FOR ELECTRICAL SIGNALING, SAFETY, OR TRAFFIC CONTROL EQUIPMENT FOR RAILWAYS, TRAMWAYS, AND ROADS 82

5.14.2      IMPORT SCENARIO OF ELECTRICAL SIGNALING, SAFETY, OR TRAFFIC CONTROL EQUIPMENT FOR RAILWAYS, TRAMWAYS, AND ROADS             83

5.15         TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            83

5.16         KEY STAKEHOLDERS AND BUYING CRITERIA     84

5.16.1      KEY STAKEHOLDERS IN BUYING PROCESS           84

5.16.2      BUYING CRITERIA           85

5.17         BEST PRACTICES IN SMART RAILWAYS MARKET                 86

5.18         TECHNOLOGY ROADMAP FOR SMART RAILWAYS MARKET               86

5.18.1      SHORT-TERM ROADMAP (2023–2025)      86

5.18.2      MID-TERM ROADMAP (2026–2028)            87

5.18.3      LONG-TERM ROADMAP (2029–2030)        87

5.19         INVESTMENT AND FUNDING SCENARIO               87

5.20         BUSINESS MODELS OF SMART RAILWAYS             88

5.20.1      CURRENT BUSINESS MODELS    88

5.20.2      EMERGING BUSINESS MODELS 88

5.21         IMPACT OF AI/GENERATIVE AI ON SMART RAILWAYS MARKET               89

5.21.1      USE CASES OF GENERATIVE AI IN SMART RAILWAYS                 89

6               IMPACT OF 2025 US TARIFF – SMART RAILWAYS MARKET                 90

6.1           INTRODUCTION              90

6.2           KEY TARIFF RATES          90

6.3           PRICE IMPACT ANALYSIS             91

6.4           IMPACT ON COUNTRY/REGION                92

6.4.1        US           92

6.4.2        EUROPE               93

6.4.3        ASIA PACIFIC     94

6.5           IMPACT ON SMART RAILWAYS MARKET SEGMENTS                 94

7               SMART RAILWAYS MARKET, BY OFFERING           96

7.1           INTRODUCTION              97

7.2           SOLUTIONS        98

7.2.1        SOLUTIONS: SMART RAILWAYS MARKET DRIVERS                 98

7.2.2        PASSENGER INFORMATION SYSTEM       101

7.2.2.1    Rising demand for real-time passenger information systems                 101

7.2.2.2    Multimedia information and entertainment     103

7.2.2.3    Network connectivity           104

7.2.3        FREIGHT MANAGEMENT SYSTEM            105

7.2.3.1    Rapid digitalization and adoption of advanced technologies                 106

7.2.3.2    Freight operation management          107

7.2.3.3    Freight tracking    108

7.2.4        SECURITY AND SAFETY SOLUTIONS       109

7.2.4.1    Use of AI and IoT in railway security                110

7.2.4.2    Video surveillance and analytics        112

7.2.4.3    Intrusion detection               113

7.2.4.4    Access control       114

7.2.4.5    Fire alarm and voice evacuation         115

7.2.4.6    Other security and safety solutions   116

7.2.5        RAIL COMMUNICATION AND NETWORKING SYSTEM                 117

7.2.5.1    Emerging requirements for IT and networking in railways                 117

7.2.5.2    Ground-to-train communication       119

7.2.5.3    Train-to-train communication           119

7.2.6        SMART TICKETING SYSTEM        120

7.2.6.1    Need for convenience          121

7.2.7        RAIL ANALYTICS SYSTEM             121

7.2.7.1    Rapid adoption of AI-powered solutions in various countries across globe           122

7.2.8        RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS        123

7.2.8.1    Increased use of sensors in rail asset maintenance          123

7.2.8.2    Asset planning and scheduling           125

7.2.8.3    Workforce management and optimization       126

7.2.8.4    Condition-based monitoring               127

7.2.8.5    Predictive maintenance       128

7.2.8.6    Other railway asset management and maintenance solutions                 129

7.2.9        RAIL OPERATION AND CONTROL SOLUTIONS  130

7.2.9.1    Need to compete with other modes of transportation    131

7.3           SERVICES             131

7.3.1        SERVICES: SMART RAILWAYS MARKET DRIVERS                 132

7.3.2        PROFESSIONAL SERVICES            133

7.3.2.1    Fast digitalization in railway industry and growing need for personnel training                 134

7.3.2.2    Consulting             135

7.3.2.3    System integration and deployment  136

7.3.2.4    Training, support, and maintenance 137

7.3.3        MANAGED SERVICES      138

7.3.3.1    Increased requirement for competent personnel for technical assistance               138

8               SMART RAILWAYS MARKET, BY REGION                139

8.1           INTRODUCTION              140

8.2           NORTH AMERICA             141

8.2.1        NORTH AMERICA: PESTLE ANALYSIS      142

8.2.2        NORTH AMERICA: MARKET DRIVERS     143

8.2.3        NORTH AMERICA: MACROECONOMIC OUTLOOK                 143

8.2.4        US           150

8.2.4.1    Government initiatives to drive market in US 150

8.2.5        CANADA               155

8.2.5.1    Increase in number of passengers and higher freight traffic to drive market in Canada       155

8.3           EUROPE               156

8.3.1        EUROPE: MARKET DRIVERS        156

8.3.2        EUROPE: MACROECONOMIC OUTLOOK               156

8.3.3        UK          163

8.3.3.1    Need to improve efficiency of existing railway infrastructure to boost market          163

8.3.4        GERMANY           164

8.3.4.1    Significant adoption of IoT technologies and analytics in railway sector to propel market        164

8.3.5        FRANCE                164

8.3.5.1    High investment by railway operators to drive market   164

8.3.6        ITALY    164

8.3.6.1    Advancement in railway mobility through smart and integrated solutions to drive market     164

8.3.7        SPAIN    165

8.3.7.1    Modernization of railway infrastructure with cutting-edge technology and strategic investment to drive market     165

8.3.8        NORDIC COUNTRIES     165

8.3.8.1    Focus on sustainable innovation and autonomous rail operations to drive market      165

8.3.9        REST OF EUROPE             165

8.4           ASIA PACIFIC     166

8.4.1        ASIA PACIFIC: MARKET DRIVERS               166

8.4.2        ASIA PACIFIC: MACROECONOMIC OUTLOOK     166

8.4.3        CHINA  174

8.4.3.1    High government investments in railway infrastructure and rapid growth in railways to drive market     174

8.4.4        INDIA    174

8.4.4.1    Investments in smart city projects by government to  spur market growth       174

8.4.5        JAPAN   175

8.4.5.1    Rise in adoption of railway technologies to boost market                 175

8.4.6        AUSTRALIA & NEW ZEALAND (ANZ)        175

8.4.6.1    Rising infrastructure investments to drive market          175

8.4.7        SOUTHEAST ASIA            175

8.4.7.1    Increasing investment in rail infrastructure modernization to drive market          175

8.4.8        REST OF ASIA PACIFIC   175

8.5           MIDDLE EAST & AFRICA                176

8.5.1        MIDDLE EAST & AFRICA: MARKET DRIVERS        176

8.5.2        MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK                 176

8.5.3        MIDDLE EAST   184

8.5.3.1    UAE        184

8.5.3.1.1 Technological advancements and growing economy to drive market    184

8.5.3.2    KSA        185

8.5.3.2.1 Strengthening of freight network through strategic rail innovation and partnerships to drive market   185

8.5.3.3    Turkey    185

8.5.3.3.1 Focus on boosting regional connectivity and internationally funded high-speed rail expansion to drive market           185

8.5.3.4    Rest of Middle East              185

8.5.4        AFRICA 185

8.5.4.1    Nigeria   186

8.5.4.1.1 Government initiatives combined with increased cooperation with other countries to drive market 186

8.5.4.2    South Africa           186

8.5.4.2.1 Increased demand for transportation services to support regional trade requirements to propel market growth   186

8.5.4.3    Rest of Africa        186

8.6           LATIN AMERICA                187

8.6.1        LATIN AMERICA: MARKET DRIVERS        187

8.6.2        LATIN AMERICA: MACROECONOMIC OUTLOOK                 187

8.6.3        BRAZIL 194

8.6.3.1    Significant scope for development of advanced railway infrastructure to boost market growth               194

8.6.4        MEXICO                194

8.6.4.1    Increased demand for improved transportation infrastructure to fuel market growth                194

8.6.5        REST OF LATIN AMERICA             194

9               COMPETITIVE LANDSCAPE         195

9.1           INTRODUCTION              195

9.2           KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025                 195

9.3           MARKET SHARE ANALYSIS, 2024                 197

9.4           REVENUE ANALYSIS OF LEADING PLAYERS, 2020–2024                 199

9.5           BRAND/PRODUCT COMPARISON             200

9.6           COMPANY VALUATION AND FINANCIAL METRICS                 201

9.7           COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 202

9.7.1        STARS   202

9.7.2        EMERGING LEADERS     202

9.7.3        PERVASIVE PLAYERS      202

9.7.4        PARTICIPANTS 202

9.7.5        COMPANY FOOTPRINT: KEY PLAYERS, 2024         204

9.7.5.1    Company footprint               204

9.7.5.2    Region footprint   205

9.7.5.3    Offering footprint 205

9.8           COMPANY EVALUATION MATRIX: SME/STARTUPS, 2024                 206

9.8.1        PROGRESSIVE COMPANIES         206

9.8.2        RESPONSIVE COMPANIES            206

9.8.3        DYNAMIC COMPANIES  207

9.8.4        STARTING BLOCKS         207

9.8.5        COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 208

9.8.5.1    Detailed list of key startups/SMEs    208

9.8.5.2    Competitive benchmarking of key startups/SMEs          209

9.9           COMPETITIVE SCENARIO             210

9.9.1        PRODUCT LAUNCHES   210

9.9.2        DEALS  211

9.9.3        OTHER DEVELOPMENTS              221

10            COMPANY PROFILES      223

10.1         MAJOR PLAYERS               223

10.1.1      ALSTOM               223

10.1.1.1  Business overview 223

10.1.1.2  Products/Solutions/Services offered 224

10.1.1.3  Recent developments           226

10.1.1.3.1                Deals      226

10.1.1.3.2                Other developments             228

10.1.1.4  MnM view              229

10.1.1.4.1                Key strengths        229

10.1.1.4.2                Strategic choices   229

10.1.1.4.3                Weaknesses and competitive threats 229

10.1.2      CISCO   230

10.1.2.1  Business overview 230

10.1.2.2  Products/Solutions/Services offered 231

10.1.2.3  Recent developments           232

10.1.2.3.1                Deals      232

10.1.2.4  MnM view              233

10.1.2.4.1                Key strengths        233

10.1.2.4.2                Strategic choices   233

10.1.2.4.3                Weaknesses and competitive threats 233

10.1.3      HITACHI               234

10.1.3.1  Business overview 234

10.1.3.2  Products/Solutions/Services offered 235

10.1.3.3  Recent developments           237

10.1.3.3.1                Product Launches 237

10.1.3.3.2                Deals      237

10.1.3.3.3                Other developments             239

10.1.3.4  MnM view              240

10.1.3.4.1                Key strengths        240

10.1.3.4.2                Strategic choices   240

10.1.3.4.3                Weaknesses and competitive threats 240

10.1.4      WABTEC               241

10.1.4.1  Business overview 241

10.1.4.2  Products/Solutions/Services offered 242

10.1.4.3  Recent developments           244

10.1.4.3.1                Product launches  244

10.1.4.3.2                Deals      244

10.1.4.4  MnM view              246

10.1.4.4.1                Key strengths        246

10.1.4.4.2                Strategic choices   246

10.1.4.4.3                Weaknesses and competitive threats 246

10.1.5      SIEMENS              247

10.1.5.1  Business overview 247

10.1.5.2  Products/Solutions/Services offered 248

10.1.5.3  Recent developments           249

10.1.5.3.1                Product launches  249

10.1.5.3.2                Deals      250

10.1.5.3.3                Other developments             251

10.1.5.4  MnM view              251

10.1.5.4.1                Key strengths        251

10.1.5.4.2                Strategic choices   251

10.1.5.4.3                Weaknesses and competitive threats 252

10.1.6      IBM        253

10.1.6.1  Business overview 253

10.1.6.2  Products/Solutions/Services offered 254

10.1.6.3  Recent developments           255

10.1.6.3.1                Deals      255

10.1.6.4  MnM view              256

10.1.6.4.1                Key strengths        256

10.1.6.4.2                Strategic choices   256

10.1.6.4.3                Weaknesses and competitive threats 256

10.1.7      HUAWEI               257

10.1.7.1  Business overview 257

10.1.7.2  Products/Solutions/Services offered 258

10.1.7.3  Recent developments           259

10.1.7.3.1                Product launches  259

10.1.7.3.2                Deals      260

10.1.8      INDRA SISTEMAS             262

10.1.8.1  Business overview 262

10.1.8.2  Products/Solutions/Services offered 263

10.1.8.3  Recent developments           264

10.1.8.3.1                Deals      264

10.1.9      HONEYWELL     265

10.1.9.1  Business overview 265

10.1.9.2  Products/Solutions/Services offered 266

10.1.9.3  Recent developments           267

10.1.9.3.1                Deals      267

10.1.10   ABB        268

10.1.10.1                 Business overview 268

10.1.10.2                 Products/Solutions/Services offered 269

10.1.10.3                 Recent developments           270

10.1.10.3.1             Deals      270

10.1.11   ADVANTECH     272

10.1.12   FUJITSU                273

10.1.13   TOSHIBA              274

10.1.14   MOXA   275

10.1.15   TELEVIC               276

10.1.16   ALCATEL-LUCENT ENTERPRISE                277

10.1.17   CONDUENT       277

10.2         STARTUPS/SMES              278

10.2.1      EKE-ELECTRONICS         278

10.2.2      AITEK S.P.A.       279

10.2.3      UPTAKE                280

10.2.4      EUROTECH         281

10.2.5      TEGO    282

10.2.6      KONUX 282

10.2.7      ASSETIC               283

10.2.8      MACHINES WITH VISION              284

10.2.9      DELPHISONIC   285

10.2.10   PASSIO TECHNOLOGIES               286

10.2.11   CLOUDMOYO   287

10.2.12   CHEMITO            288

10.2.13   RAILTEL               289

11            ADJACENT/RELATED MARKETS                290

11.1         LIMITATIONS    290

11.2         RAILWAY MANAGEMENT SYSTEM MARKET –  GLOBAL FORECAST TO 2025          290

11.2.1      MARKET DEFINITION   290

11.2.2      MARKET OVERVIEW       290

11.2.3      RAILWAY MANAGEMENT SYSTEM MARKET, BY OFFERING           291

11.2.4      RAILWAY MANAGEMENT SYSTEM MARKET, BY SERVICE                 292

11.2.5      RAILWAY MANAGEMENT SYSTEM MARKET, BY REGION                 292

11.3         RAILWAY PLATFORM SECURITY MARKET –  GLOBAL FORECAST TO 2024          293

11.3.1      MARKET DEFINITION   293

11.3.2      MARKET OVERVIEW       293

11.3.3      RAILWAY PLATFORM SECURITY MARKET, BY COMPONENT    294

11.3.4      RAILWAY PLATFORM SECURITY MARKET, BY SOLUTION          294

11.3.5      RAILWAY PLATFORM SECURITY MARKET, BY SERVICE                 295

11.3.6      RAILWAY PLATFORM SECURITY MARKET, BY PROFESSIONAL SERVICE              295

11.3.7      RAILWAY PLATFORM SECURITY MARKET, BY APPLICATION   296

11.3.8      RAILWAY PLATFORM SECURITY MARKET, BY REGION                 296

11.4         DIGITAL RAILWAY MARKET – GLOBAL FORECAST TO 2024        297

11.4.1      MARKET DEFINITION   297

11.4.2      MARKET OVERVIEW       297

11.4.3      DIGITAL RAILWAY MARKET, BY SOLUTION         298

11.4.4      DIGITAL RAILWAY MARKET, BY SERVICE              298

11.4.5      DIGITAL RAILWAY MARKET, BY PROFESSIONAL SERVICE               299

11.4.6      DIGITAL RAILWAY MARKET, BY APPLICATION  299

11.4.7      DIGITAL RAILWAY MARKET, BY REGION               300

12            APPENDIX           301

12.1         DISCUSSION GUIDE        301

12.2         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                305

12.3         CUSTOMIZATION OPTIONS        307

12.4         RELATED REPORTS         307

12.5         AUTHOR DETAILS           308

LIST OF TABLES

TABLE 1                USD EXCHANGE RATES, 2020–2024            33

TABLE 2                RISK ASSESSMENT           44

TABLE 3                SMART RAILWAYS MARKET ECOSYSTEM                 61

TABLE 4                TARIFF RELATED TO AERIALS AND AERIAL REFLECTORS OF ALL KINDS

(HSN: 853010), 2024           66

TABLE 5                NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 66

TABLE 6                EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           67

TABLE 7                ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 67

TABLE 8                REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 67

TABLE 9                AVERAGE SELLING PRICE OF KEY PLAYERS, BY OFFERING           73

TABLE 10              INDICATIVE PRICING ANALYSIS OF KEY PLAYERS, BY SOLUTION               74

TABLE 11              SMART RAILWAYS MARKET: LIST OF TOP PATENTS, 2024  78

TABLE 12              SMART RAILWAYS MARKET: LIST OF KEY CONFERENCES AND EVENTS     79

TABLE 13              IMPACT OF EACH FORCE ON SMART RAILWAYS MARKET               80

TABLE 14              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOLUTIONS 85

TABLE 15              KEY BUYING CRITERIA FOR TOP THREE SOLUTIONS        85

TABLE 16              US ADJUSTED RECIPROCAL TARIFF RATES                 90

TABLE 17              EXPECTED CHANGE IN PRICES AND LIKELY IMPACT ON END-USE MARKET DUE TO TARIFF IMPACT                 91

TABLE 18              SMART RAILWAYS MARKET SIZE, BY OFFERING, 2019–2024 (USD MILLION)            97

TABLE 19              SMART RAILWAYS MARKET SIZE, BY OFFERING, 2025–2030 (USD MILLION)            97

TABLE 20              SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY TYPE,

2019–2024 (USD MILLION)            99

TABLE 21              SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY TYPE,

2025–2030 (USD MILLION)            100

TABLE 22              SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION,

2019–2024 (USD MILLION)            100

TABLE 23              SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION,

2025–2030 (USD MILLION)            100

TABLE 24              PASSENGER INFORMATION SYSTEM: SMART RAILWAYS MARKET SIZE, BY TYPE,  2019–2024 (USD MILLION)                 102

TABLE 25              PASSENGER INFORMATION SYSTEM: SMART RAILWAYS MARKET SIZE, BY TYPE,  2025–2030 (USD MILLION)                 102

TABLE 26              PASSENGER INFORMATION SYSTEM: SMART RAILWAYS MARKET SIZE, BY REGION,  2019–2024 (USD MILLION)            103

TABLE 27              PASSENGER INFORMATION SYSTEM: SMART RAILWAYS MARKET SIZE, BY REGION,  2025–2030 (USD MILLION)            103

TABLE 28              MULTIMEDIA INFORMATION AND ENTERTAINMENT: SMART RAILWAYS MARKET SIZE,  BY REGION, 2019–2024 (USD MILLION)          104

TABLE 29              MULTIMEDIA INFORMATION AND ENTERTAINMENT: SMART RAILWAYS MARKET SIZE,  BY REGION, 2025–2030 (USD MILLION)          104

TABLE 30              NETWORK CONNECTIVITY: SMART RAILWAYS MARKET SIZE, BY REGION,

2019–2024 (USD MILLION)          105

TABLE 31              NETWORK CONNECTIVITY: SMART RAILWAYS MARKET SIZE, BY REGION,

2025–2030 (USD MILLION)            105

TABLE 32              FREIGHT MANAGEMENT SYSTEM: SMART RAILWAYS MARKET SIZE, BY TYPE,  2019–2024 (USD MILLION)                 106

TABLE 33              FREIGHT MANAGEMENT SYSTEM: SMART RAILWAYS MARKET SIZE, BY TYPE,  2025–2030 (USD MILLION)                 106

TABLE 34              FREIGHT MANAGEMENT SYSTEM: SMART RAILWAYS MARKET SIZE, BY REGION,  2019–2024 (USD MILLION)            107

TABLE 35              FREIGHT MANAGEMENT SYSTEM: SMART RAILWAYS MARKET SIZE, BY REGION,  2025–2030 (USD MILLION)            107

TABLE 36              FREIGHT OPERATION MANAGEMENT: SMART RAILWAYS MARKET SIZE, BY REGION,  2019–2024 (USD MILLION)            108

TABLE 37              FREIGHT OPERATION MANAGEMENT: SMART RAILWAYS MARKET SIZE, BY REGION,  2025–2030 (USD MILLION)            108

TABLE 38              FREIGHT TRACKING: SMART RAILWAYS MARKET SIZE, BY REGION,

2019–2024 (USD MILLION)            109

TABLE 39              FREIGHT TRACKING: SMART RAILWAYS MARKET SIZE, BY REGION,

2025–2030 (USD MILLION)            109

TABLE 40              SECURITY AND SAFETY SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY TYPE,  2019–2024 (USD MILLION)                 110

TABLE 41              SECURITY AND SAFETY SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY TYPE,  2025–2030 (USD MILLION)                 111

TABLE 42              SECURITY AND SAFETY SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION,  2019–2024 (USD MILLION)            111

TABLE 43              SECURITY AND SAFETY SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION,  2025–2030 (USD MILLION)            111

TABLE 44              VIDEO SURVEILLANCE AND ANALYTICS: SMART RAILWAYS MARKET SIZE,

BY REGION, 2019–2024 (USD MILLION)   112

TABLE 45              VIDEO SURVEILLANCE AND ANALYTICS: SMART RAILWAYS MARKET SIZE,

BY REGION, 2025–2030 (USD MILLION)   113

TABLE 46              INTRUSION DETECTION: SMART RAILWAYS MARKET SIZE, BY REGION,

2019–2024 (USD MILLION)            113

TABLE 47              INTRUSION DETECTION: SMART RAILWAYS MARKET SIZE, BY REGION,

2025–2030 (USD MILLION)            114

TABLE 48              ACCESS CONTROL: SMART RAILWAYS MARKET SIZE, BY REGION,

2019–2024 (USD MILLION)            114

TABLE 49              ACCESS CONTROL: SMART RAILWAYS MARKET SIZE, BY REGION,

2025–2030 (USD MILLION)            115

TABLE 50              FIRE ALARM AND VOICE EVACUATION: SMART RAILWAYS MARKET SIZE,

BY REGION, 2019–2024 (USD MILLION)   115

TABLE 51              FIRE ALARM AND VOICE EVACUATION: SMART RAILWAYS MARKET SIZE,

BY REGION, 2025–2030 (USD MILLION)   116

TABLE 52              OTHER SECURITY AND SAFETY SOLUTIONS: SMART RAILWAYS MARKET SIZE,

BY REGION, 2019–2024 (USD MILLION)   116

TABLE 53              OTHER SECURITY AND SAFETY SOLUTIONS: SMART RAILWAYS MARKET SIZE,

BY REGION, 2025–2030 (USD MILLION)   117

TABLE 54              RAIL COMMUNICATION AND NETWORKING SYSTEM: SMART RAILWAYS MARKET SIZE,  BY TYPE, 2019–2024 (USD MILLION) 118

TABLE 55              RAIL COMMUNICATION AND NETWORKING SYSTEM: SMART RAILWAYS MARKET SIZE,  BY TYPE, 2025–2030 (USD MILLION) 118

TABLE 56              RAIL COMMUNICATION AND NETWORKING SYSTEM: SMART RAILWAYS MARKET SIZE,  BY REGION, 2019–2024 (USD MILLION)       118

TABLE 57              RAIL COMMUNICATION AND NETWORKING SYSTEM: SMART RAILWAYS MARKET SIZE,  BY REGION, 2025–2030 (USD MILLION)       118

TABLE 58              GROUND-TO-TRAIN COMMUNICATION: SMART RAILWAYS MARKET SIZE,

BY REGION, 2019–2024 (USD MILLION)   119

TABLE 59              GROUND-TO-TRAIN COMMUNICATION: SMART RAILWAYS MARKET SIZE,

BY REGION, 2025–2030 (USD MILLION)   119

TABLE 60              TRAIN-TO-TRAIN COMMUNICATION: SMART RAILWAYS MARKET SIZE, BY REGION,  2019–2024 (USD MILLION)            120

TABLE 61              TRAIN-TO-TRAIN COMMUNICATION: SMART RAILWAYS MARKET SIZE, BY REGION, 2025–2030 (USD MILLION)                 120

TABLE 62              SMART TICKETING SYSTEM: SMART RAILWAYS MARKET SIZE, BY REGION,

2019–2024 (USD MILLION)          121

TABLE 63              SMART TICKETING SYSTEM: SMART RAILWAYS MARKET SIZE, BY REGION,

2025–2030 (USD MILLION)            121

TABLE 64              RAIL ANALYTICS SYSTEM: SMART RAILWAYS MARKET SIZE, BY REGION,

2019–2024 (USD MILLION)            122

TABLE 65              RAIL ANALYTICS SYSTEM: SMART RAILWAYS MARKET SIZE, BY REGION,

2025–2030 (USD MILLION)            122

TABLE 66              RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY TYPE, 2019–2024 (USD MILLION)         124

TABLE 67              RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY TYPE, 2025–2030 (USD MILLION)         124

TABLE 68              RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION, 2019–2024 (USD MILLION)   124

TABLE 69              RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION, 2025–2030 (USD MILLION)   125

TABLE 70              ASSET PLANNING AND SCHEDULING: SMART RAILWAYS MARKET SIZE, BY REGION, 2019–2024 (USD MILLION)                 125

TABLE 71              ASSET PLANNING AND SCHEDULING: SMART RAILWAYS MARKET SIZE, BY REGION, 2025–2030 (USD MILLION)                 126

TABLE 72              WORKFORCE MANAGEMENT AND OPTIMIZATION: SMART RAILWAYS MARKET SIZE,  BY REGION, 2019–2024 (USD MILLION)            126

TABLE 73              WORKFORCE MANAGEMENT AND OPTIMIZATION: SMART RAILWAYS MARKET SIZE,  BY REGION, 2025–2030 (USD MILLION)            127

TABLE 74              CONDITION-BASED MONITORING: SMART RAILWAYS MARKET SIZE, BY REGION,  2019–2024 (USD MILLION)            127

TABLE 75              CONDITION-BASED MONITORING: SMART RAILWAYS MARKET SIZE, BY REGION, 2025–2030 (USD MILLION)                 128

TABLE 76              PREDICTIVE MAINTENANCE: SMART RAILWAYS MARKET SIZE, BY REGION,

2019–2024 (USD MILLION)          129

TABLE 77              PREDICTIVE MAINTENANCE: SMART RAILWAYS MARKET SIZE, BY REGION,

2025–2030 (USD MILLION)            129

TABLE 78              OTHER RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION, 2019–2024 (USD MILLION)   130

TABLE 79              OTHER RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS: SMART RAILWAYS MARKET SIZE, BY REGION, 2025–2030 (USD MILLION)   130

TABLE 80              RAIL OPERATION AND CONTROL SOLUTIONS: SMART RAILWAYS MARKET SIZE,

BY REGION, 2019–2024 (USD MILLION)   131

TABLE 81              RAIL OPERATION AND CONTROL SOLUTIONS: SMART RAILWAYS MARKET SIZE,

BY REGION, 2025–2030 (USD MILLION)   131

TABLE 82              SERVICES: SMART RAILWAYS MARKET SIZE, BY TYPE, 2019–2024 (USD MILLION)                132

TABLE 83              SERVICES: SMART RAILWAYS MARKET SIZE, BY TYPE, 2025–2030 (USD MILLION)                133

TABLE 84              SERVICES: SMART RAILWAYS MARKET SIZE, BY REGION,

2019–2024 (USD MILLION)            133

TABLE 85              SERVICES: SMART RAILWAYS MARKET SIZE, BY REGION,

2025–2030 (USD MILLION)            133

TABLE 86              PROFESSIONAL SERVICES: SMART RAILWAYS MARKET SIZE, BY TYPE,

2019–2024 (USD MILLION)            134

TABLE 87              PROFESSIONAL SERVICES: SMART RAILWAYS MARKET SIZE, BY TYPE,

2025–2030 (USD MILLION)            134

TABLE 88              PROFESSIONAL SERVICES: SMART RAILWAYS MARKET SIZE, BY REGION,

2019–2024 (USD MILLION)            135

TABLE 89              PROFESSIONAL SERVICES: SMART RAILWAYS MARKET SIZE, BY REGION,

2025–2030 (USD MILLION)            135

TABLE 90              CONSULTING: SMART RAILWAYS MARKET SIZE, BY REGION,

2019–2024 (USD MILLION)            135

TABLE 91              CONSULTING: SMART RAILWAYS MARKET SIZE, BY REGION,

2025–2030 (USD MILLION)            136

TABLE 92              SYSTEM INTEGRATION AND DEPLOYMENT: SMART RAILWAYS MARKET SIZE,

BY REGION, 2019–2024 (USD MILLION)   136

TABLE 93              SYSTEM INTEGRATION AND DEPLOYMENT: SMART RAILWAYS MARKET SIZE,

BY REGION, 2025–2030 (USD MILLION)   136

TABLE 94              TRAINING, SUPPORT, AND MAINTENANCE: SMART RAILWAYS MARKET SIZE,

BY REGION, 2019–2024 (USD MILLION)   137

TABLE 95              TRAINING, SUPPORT, AND MAINTENANCE: SMART RAILWAYS MARKET SIZE,

BY REGION, 2025–2030 (USD MILLION)   137

TABLE 96              MANAGED SERVICES: SMART RAILWAYS MARKET SIZE, BY REGION,

2019–2024 (USD MILLION)            138

TABLE 97              MANAGED SERVICES: SMART RAILWAYS MARKET SIZE, BY REGION,

2025–2030 (USD MILLION)            138

TABLE 98              SMART RAILWAYS MARKET SIZE, BY REGION, 2019–2024 (USD MILLION)            140

TABLE 99              SMART RAILWAYS MARKET SIZE, BY REGION, 2025–2030 (USD MILLION)            141

TABLE 100            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY OFFERING,

2019–2024 (USD MILLION)            143

TABLE 101            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY OFFERING,

2025–2030 (USD MILLION)            144

TABLE 102            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS,

2019–2024 (USD MILLION)            144

TABLE 103            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS,

2025–2030 (USD MILLION)            145

TABLE 104            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2019–2024 (USD MILLION)            145

TABLE 105            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2025–2030 (USD MILLION)            145

TABLE 106            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2019–2024 (USD MILLION)            146

TABLE 107            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2025–2030 (USD MILLION)            146

TABLE 108            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2019–2024 (USD MILLION)            146

TABLE 109            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2025–2030 (USD MILLION)            147

TABLE 110            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2019–2024 (USD MILLION)            147

TABLE 111            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2025–2030 (USD MILLION)            147

TABLE 112            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2019–2024 (USD MILLION) 148

TABLE 113            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2025–2030 (USD MILLION) 148

TABLE 114            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY SERVICES,

2019–2024 (USD MILLION)            148

TABLE 115            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY SERVICES,

2025–2030 (USD MILLION)            149

TABLE 116            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES,  2019–2024 (USD MILLION)                 149

TABLE 117            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES, 2025–2030 (USD MILLION)                 149

TABLE 118            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY COUNTRY,

2019–2024 (USD MILLION)            149

TABLE 119            NORTH AMERICA: SMART RAILWAYS MARKET SIZE, BY COUNTRY,

2025–2030 (USD MILLION)            150

TABLE 120            US: SMART RAILWAYS MARKET SIZE, BY OFFERING, 2019–2024 (USD MILLION)     150

TABLE 121            US: SMART RAILWAYS MARKET SIZE, BY OFFERING, 2025–2030 (USD MILLION)     150

TABLE 122            US: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS, 2019–2024 (USD MILLION) 151

TABLE 123            US: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS, 2025–2030 (USD MILLION) 151

TABLE 124            US: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM,  2019–2024 (USD MILLION)            151

TABLE 125            US: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM,  2025–2030 (USD MILLION)            152

TABLE 126            US: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM,

2019–2024 (USD MILLION)            152

TABLE 127            US: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM,

2025–2030 (USD MILLION)            152

TABLE 128            US: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS,  2019–2024 (USD MILLION)            152

TABLE 129            US: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS,  2025–2030 (USD MILLION)            153

TABLE 130            US: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2019–2024 (USD MILLION)            153

TABLE 131            US: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2025–2030 (USD MILLION)            153

TABLE 132            US: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2019–2024 (USD MILLION)       154

TABLE 133            US: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2025–2030 (USD MILLION)       154

TABLE 134            US: SMART RAILWAYS MARKET SIZE, BY SERVICES, 2019–2024 (USD MILLION)      154

TABLE 135            US: SMART RAILWAYS MARKET SIZE, BY SERVICES, 2025–2030 (USD MILLION)      155

TABLE 136            US: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES,

2019–2024 (USD MILLION)            155

TABLE 137            US: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES,

2025–2030 (USD MILLION)            155

TABLE 138            EUROPE: SMART RAILWAYS MARKET SIZE, BY OFFERING,

2019–2024 (USD MILLION)            157

TABLE 139            EUROPE: SMART RAILWAYS MARKET SIZE, BY OFFERING,

2025–2030 (USD MILLION)            158

TABLE 140            EUROPE: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS,

2019–2024 (USD MILLION)            158

TABLE 141            EUROPE: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS,

2025–2030 (USD MILLION)            158

TABLE 142            EUROPE: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2019–2024 (USD MILLION)                 159

TABLE 143            EUROPE: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2025–2030 (USD MILLION)                 159

TABLE 144            EUROPE: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM,  2019–2024 (USD MILLION)                 159

TABLE 145            EUROPE: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM,  2025–2030 (USD MILLION)                 159

TABLE 146            EUROPE: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS,  2019–2024 (USD MILLION)            160

TABLE 147            EUROPE: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS,  2025–2030 (USD MILLION)            160

TABLE 148            EUROPE: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2019–2024 (USD MILLION) 160

TABLE 149            EUROPE: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2025–2030 (USD MILLION) 161

TABLE 150            EUROPE: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2019–2024 (USD MILLION)            161

TABLE 151            EUROPE: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2025–2030 (USD MILLION)            161

TABLE 152            EUROPE: SMART RAILWAYS MARKET SIZE, BY SERVICES,

2019–2024 (USD MILLION)            162

TABLE 153            EUROPE: SMART RAILWAYS MARKET SIZE, BY SERVICES,

2025–2030 (USD MILLION)            162

TABLE 154            EUROPE: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES,

2019–2024 (USD MILLION)            162

TABLE 155            EUROPE: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES,

2025–2030 (USD MILLION)          162

TABLE 156            EUROPE: SMART RAILWAYS MARKET SIZE, BY COUNTRY,

2019–2024 (USD MILLION)            163

TABLE 157            EUROPE: SMART RAILWAYS MARKET SIZE, BY COUNTRY,

2025–2030 (USD MILLION)            163

TABLE 158            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY OFFERING,

2019–2024 (USD MILLION)            167

TABLE 159            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY OFFERING,

2025–2030 (USD MILLION)          168

TABLE 160            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS,

2019–2024 (USD MILLION)            168

TABLE 161            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS,

2025–2030 (USD MILLION)            169

TABLE 162            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2019–2024 (USD MILLION)            169

TABLE 163            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2025–2030 (USD MILLION)            169

TABLE 164            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2019–2024 (USD MILLION)                 170

TABLE 165            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2025–2030 (USD MILLION)                 170

TABLE 166            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2019–2024 (USD MILLION)            170

TABLE 167            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2025–2030 (USD MILLION)            171

TABLE 168            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2019–2024 (USD MILLION)       171

TABLE 169            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2025–2030 (USD MILLION)       171

TABLE 170            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2019–2024 (USD MILLION)            172

TABLE 171            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2025–2030 (USD MILLION)            172

TABLE 172            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY SERVICES,

2019–2024 (USD MILLION)            172

TABLE 173            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY SERVICES,

2025–2030 (USD MILLION)            173

TABLE 174            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES,  2019–2024 (USD MILLION)                 173

TABLE 175            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES,  2025–2030 (USD MILLION)                 173

TABLE 176            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY COUNTRY,

2019–2024 (USD MILLION)            173

TABLE 177            ASIA PACIFIC: SMART RAILWAYS MARKET SIZE, BY COUNTRY,

2025–2030 (USD MILLION)            174

TABLE 178            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY OFFERING,  2019–2024 (USD MILLION)                 177

TABLE 179            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY OFFERING,  2025–2030 (USD MILLION)                 177

TABLE 180            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS,  2019–2024 (USD MILLION)                 177

TABLE 181            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS,  2025–2030 (USD MILLION)                 178

TABLE 182            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2019–2024 (USD MILLION)       178

TABLE 183            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2025–2030 (USD MILLION)       178

TABLE 184            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2019–2024 (USD MILLION) 179

TABLE 185            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2025–2030 (USD MILLION) 179

TABLE 186            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2019–2024 (USD MILLION)       179

TABLE 187            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2025–2030 (USD MILLION)       180

TABLE 188            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2019–2024 (USD MILLION)          180

TABLE 189            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2025–2030 (USD MILLION)          180

TABLE 190            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2019–2024 (USD MILLION) 181

TABLE 191            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2025–2030 (USD MILLION) 181

TABLE 192            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY SERVICES,

2019–2024 (USD MILLION)            181

TABLE 193            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY SERVICES,

2025–2030 (USD MILLION)            182

TABLE 194            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES, 2019–2024 (USD MILLION)            182

TABLE 195            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES, 2025–2030 (USD MILLION)            182

TABLE 196            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY REGION,

2019–2024 (USD MILLION)            182

TABLE 197            MIDDLE EAST AND AFRICA: SMART RAILWAYS MARKET SIZE, BY REGION,

2025–2030 (USD MILLION)            183

TABLE 198            MIDDLE EAST: SMART RAILWAYS MARKET SIZE, BY COUNTRY,

2019–2024 (USD MILLION)            183

TABLE 199            MIDDLE EAST: SMART RAILWAYS MARKET SIZE, BY COUNTRY,

2025–2030 (USD MILLION)            183

TABLE 200            AFRICA: SMART RAILWAYS MARKET SIZE, BY COUNTRY,

2019–2024 (USD MILLION)            184

TABLE 201            AFRICA: SMART RAILWAYS MARKET SIZE, BY COUNTRY,

2025–2030 (USD MILLION)          184

TABLE 202            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY OFFERING,

2019–2024 (USD MILLION)            187

TABLE 203            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY OFFERING,

2025–2030 (USD MILLION)            188

TABLE 204            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS,

2019–2024 (USD MILLION)            188

TABLE 205            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY SOLUTIONS,

2025–2030 (USD MILLION)            189

TABLE 206            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2019–2024 (USD MILLION)            189

TABLE 207            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY PASSENGER INFORMATION SYSTEM, 2025–2030 (USD MILLION)            189

TABLE 208            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2019–2024 (USD MILLION)            190

TABLE 209            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY FREIGHT MANAGEMENT SYSTEM, 2025–2030 (USD MILLION)            190

TABLE 210            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2019–2024 (USD MILLION)            190

TABLE 211            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY SECURITY AND SAFETY SOLUTIONS, 2025–2030 (USD MILLION)            191

TABLE 212            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2019–2024 (USD MILLION)            191

TABLE 213            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY RAIL COMMUNICATION AND NETWORKING SYSTEM, 2025–2030 (USD MILLION)            191

TABLE 214            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2019–2024 (USD MILLION) 192

TABLE 215            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY RAIL ASSET MANAGEMENT AND MAINTENANCE SOLUTIONS, 2025–2030 (USD MILLION) 192

TABLE 216            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY SERVICES,

2019–2024 (USD MILLION)          192

TABLE 217            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY SERVICES,

2025–2030 (USD MILLION)            193

TABLE 218            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES,  2019–2024 (USD MILLION)                 193

TABLE 219            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY PROFESSIONAL SERVICES,  2025–2030 (USD MILLION)                 193

TABLE 220            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY COUNTRY,

2019–2024 (USD MILLION)            193

TABLE 221            LATIN AMERICA: SMART RAILWAYS MARKET SIZE, BY COUNTRY,

2025–2030 (USD MILLION)            194

TABLE 222            OVERVIEW OF STRATEGIES DEPLOYED BY KEY MARKET PLAYERS, 2022–2025      195

TABLE 223            SMART RAILWAYS MARKET: DEGREE OF COMPETITION 198

TABLE 224            SMART RAILWAYS MARKET: REGION FOOTPRINT       205

TABLE 225            SMART RAILWAYS MARKET: OFFERING FOOTPRINT       205

TABLE 226            SMART RAILWAYS MARKET: LIST OF KEY STARTUPS/SMES              208

TABLE 227            SMART RAILWAYS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES          209

TABLE 228            SMART RAILWAYS MARKET: PRODUCT LAUNCHES, JANUARY 2019–MAY 2025      210

TABLE 229            SMART RAILWAYS MARKET: DEALS, JANUARY 2019–MAY 2025   211

TABLE 230            SMART RAILWAYS MARKET: OTHER DEVELOPMENTS, JANUARY 2019–MAY 2025          221

TABLE 231            ALSTOM: COMPANY OVERVIEW                223

TABLE 232            ALSTOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED             224

TABLE 233            ALSTOM: DEALS               226

TABLE 234            ALSTOM: OTHER DEVELOPMENTS         228

TABLE 235            CISCO: COMPANY OVERVIEW    230

TABLE 236            CISCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED             231

TABLE 237            CISCO: DEALS   232

TABLE 238            HITACHI: COMPANY OVERVIEW               234

TABLE 239            HITACHI: PRODUCTS/SOLUTIONS/SERVICES OFFERED             235

TABLE 240            HITACHI: PRODUCT LAUNCHES               237

TABLE 241            HITACHI: DEALS               237

TABLE 242            HITACHI: OTHER DEVELOPMENTS         239

TABLE 243            WABTEC: COMPANY OVERVIEW               241

TABLE 244            WABTEC: PRODUCTS/SOLUTIONS/SERVICES OFFERED             242

TABLE 245            WABTEC: PRODUCT LAUNCHES                244

TABLE 246            WABTEC: DEALS               244

TABLE 247            SIEMENS: COMPANY OVERVIEW               247

TABLE 248            SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             248

TABLE 249            WABTEC: PRODUCT LAUNCHES                249

TABLE 250            SIEMENS: DEALS               250

TABLE 251            SIEMENS: OTHER DEVELOPMENTS         251

TABLE 252            IBM: COMPANY OVERVIEW         253

TABLE 253            IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED             254

TABLE 254            IBM: DEALS        255

TABLE 255            HUAWEI: COMPANY OVERVIEW                257

TABLE 256            HUAWEI: PRODUCTS/SOLUTIONS/SERVICES OFFERED             258

TABLE 257            HUAWEI: PRODUCT LAUNCHES                259

TABLE 258            HUAWEI: DEALS                260

TABLE 259            INDRA SISTEMAS: COMPANY OVERVIEW                 262

TABLE 260            INDRA SISTEMAS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    263

TABLE 261            INDRA SISTEMAS: DEALS              264

TABLE 262            HONEYWELL: COMPANY OVERVIEW      265

TABLE 263            HONEYWELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED    266

TABLE 264            HONEYWELL: DEALS      267

TABLE 265            ABB: COMPANY OVERVIEW         268

TABLE 266            ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED             269

TABLE 267            ABB: DEALS        270

TABLE 268          RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY OFFERING,

2016–2019 (USD MILLION)            291

TABLE 269          RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY OFFERING,

2019–2025 (USD MILLION)            291

TABLE 270          RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY SERVICE,

2016–2019 (USD MILLION)            292

TABLE 271          RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY SERVICE,

2019–2025 (USD MILLION)            292

TABLE 272          RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY REGION,

2016–2019 (USD MILLION)            293

TABLE 273          RAILWAY MANAGEMENT SYSTEM MARKET SIZE, BY REGION,

2019–2025 (USD MILLION)            293

TABLE 274            RAILWAY PLATFORM SECURITY MARKET SIZE, BY COMPONENT,

2017–2024 (USD MILLION)            294

TABLE 275            SOLUTIONS: RAILWAY PLATFORM SECURITY MARKET SIZE, BY TYPE,

2017–2024 (USD MILLION)            295

TABLE 276            SERVICES: RAILWAY PLATFORM SECURITY MARKET SIZE, BY TYPE,

2017–2024 (USD MILLION)            295

TABLE 277            PROFESSIONAL SERVICES: RAILWAY PLATFORM SECURITY MARKET SIZE, BY TYPE,  2017–2024 (USD MILLION)                 296

TABLE 278            RAILWAY PLATFORM SECURITY MARKET SIZE, BY APPLICATION,

2017–2024 (USD MILLION)            296

TABLE 279            RAILWAY PLATFORM SECURITY MARKET SIZE, BY REGION,

2017–2024 (USD MILLION)            297

TABLE 280            DIGITAL RAILWAY MARKET SIZE, BY SOLUTION, 2017–2024 (USD BILLION)             298

TABLE 281            DIGITAL RAILWAY MARKET SIZE, BY SERVICE, 2017–2024 (USD BILLION)             298

TABLE 282            PROFESSIONAL SERVICES: DIGITAL RAILWAY MARKET SIZE, BY TYPE,

2017–2024 (USD BILLION)             299

TABLE 283            DIGITAL RAILWAY MARKET SIZE, BY APPLICATION, 2017–2024 (USD BILLION)               299

TABLE 284            DIGITAL RAILWAY MARKET SIZE, BY REGION, 2017–2024 (USD BILLION)             300

LIST OF FIGURES

FIGURE 1              SMART RAILWAYS MARKET: RESEARCH DESIGN                 35

FIGURE 2              SMART RAILWAYS MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES         39

FIGURE 3              MARKET SIZE ESTIMATION METHODOLOGY–APPROACH 1 (SUPPLY SIDE): REVENUE OF VENDORS IN SMART RAILWAYS MARKET        40

FIGURE 4              MARKET SIZE ESTIMATION METHODOLOGY–APPROACH 2 (DEMAND SIDE):  SMART RAILWAYS MARKET                 41

FIGURE 5              MARKET SIZE ESTIMATION METHODOLOGY: DEMAND-SIDE ANALYSIS             41

FIGURE 6              MARKET SIZE ESTIMATION USING BOTTOM-UP APPROACH         42

FIGURE 7              DATA TRIANGULATION                43

FIGURE 8              RAILWAY MANAGEMENT SYSTEM EVOLUTION                 47

FIGURE 9              SMART RAILWAYS MARKET SIZE, 2023–2030                 48

FIGURE 10            LARGEST SEGMENTS IN SMART RAILWAYS MARKET, 2025    49

FIGURE 11            SMART RAILWAYS MARKET ANALYSIS   50

FIGURE 12            NEED FOR EFFICIENCY IN RAIL OPERATIONS TO DRIVE MARKET DURING FORECAST PERIOD               52

FIGURE 13            SOLUTIONS SEGMENT AND UK TO HOLD LARGEST MARKET SHARES IN EUROPE DURING FORECAST PERIOD                52

FIGURE 14            SOLUTIONS SEGMENT AND CHINA TO HOLD LARGEST MARKET SHARES IN ASIA PACIFIC DURING FORECAST PERIOD                53

FIGURE 15            DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES:  SMART RAILWAYS MARKET        54

FIGURE 16            BRIEF HISTORY OF SMART RAILWAYS    59

FIGURE 17            SMART RAILWAYS MARKET: ECOSYSTEM                 60

FIGURE 18            SMART RAILWAYS MARKET: SUPPLY CHAIN ANALYSIS            65

FIGURE 19            AVERAGE SELLING PRICE OF KEY PLAYERS, BY OFFERING           73

FIGURE 20            SMART RAILWAYS MARKET: PATENTS APPLIED AND GRANTED, 2015–2024            78

FIGURE 21            PORTER’S FIVE FORCES ANALYSIS           80

FIGURE 22            EXPORTS OF PARTS SUITABLE FOR ELECTRICAL SIGNALING, SAFETY, OR TRAFFIC CONTROL EQUIPMENT FOR RAILWAYS, TRAMWAYS, AND ROADS, BY COUNTRY, 2017–2024 (USD MILLION)     82

FIGURE 23            IMPORTS OF PARTS SUITABLE FOR ELECTRICAL SIGNALING, SAFETY, OR TRAFFIC CONTROL EQUIPMENT FOR RAILWAYS, TRAMWAYS, AND ROADS, BY COUNTRY, 2017–2024 (USD MILLION)     83

FIGURE 24            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS   84

FIGURE 25            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE SOLUTIONS 84

FIGURE 26            KEY BUYING CRITERIA FOR TOP THREE SOLUTIONS        85

FIGURE 27            INVESTMENT IN LEADING GLOBAL SMART RAILWAYS, BY NUMBER OF INVESTORS AND FUNDING (USD MILLION)            87

FIGURE 28            USE CASES OF GENERATIVE AI IN SMART RAILWAYS           89

FIGURE 29            SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD          97

FIGURE 30            RAIL ANALYTICS SYSTEM SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD               99

FIGURE 31            MULTIMEDIA INFORMATION AND ENTERTAINMENT SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD       102

FIGURE 32            FREIGHT TRACKING SEGMENT TO GROW AT HIGHER CAGR FROM  2025 TO 2030        106

FIGURE 33            VIDEO SURVEILLANCE AND ANALYTICS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD                110

FIGURE 34            TRAIN-TO-TRAIN COMMUNICATION SEGMENT TO GROW AT HIGHER CAGR FROM 2025 TO 2030               117

FIGURE 35            PREDICTIVE MAINTENANCE SEGMENT TO GROW AT HIGHEST CAGR  FROM 2025 TO 2030                 123

FIGURE 36            MANAGED SERVICES TO GROW AT HIGHER CAGR FROM 2022 TO 2027             132

FIGURE 37            TRAINING, SUPPORT, AND MAINTENANCE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD                134

FIGURE 38            EUROPE TO BE LARGEST MARKET DURING FORECAST PERIOD         140

FIGURE 39            EUROPE: MARKET SNAPSHOT   157

FIGURE 40            ASIA PACIFIC: MARKET SNAPSHOT          167

FIGURE 41            SHARES OF LEADING COMPANIES IN SMART RAILWAYS MARKET, 2024              197

FIGURE 42            REVENUE ANALYSIS OF TOP 5 PLAYERS, 2020–2024        199

FIGURE 43            SMART RAILWAYS MARKET: BRAND/PRODUCT COMPARISON   200

FIGURE 44            COMPANY VALUATION: 2025      201

FIGURE 45            FINANCIAL METRICS OF KEY VENDORS: 2025                 201

FIGURE 46            SMART RAILWAYS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024         203

FIGURE 47            SMART RAILWAYS MARKET: COMPANY FOOTPRINT       204

FIGURE 48            SMART RAILWAYS MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2024                207

FIGURE 49            ALSTOM: COMPANY SNAPSHOT               224

FIGURE 50            CISCO: COMPANY SNAPSHOT    231

FIGURE 51            HITACHI: COMPANY SNAPSHOT               235

FIGURE 52            WABTEC: COMPANY SNAPSHOT               242

FIGURE 53            SIEMENS: COMPANY SNAPSHOT               248

FIGURE 54            IBM: COMPANY SNAPSHOT         254

FIGURE 55            HUAWEI: COMPANY SNAPSHOT                258

FIGURE 56            INDRA SISTEMAS: COMPANY SNAPSHOT                 263

FIGURE 57            HONEYWELL: COMPANY SNAPSHOT      266

FIGURE 58            ABB: COMPANY SNAPSHOT        269

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