27 May 2022
Douglas Insights has launched the world’s first comparison engine for Connected Rail Market research reports. Available for use to everyone, from researchers to decision-makers, the digital tool provides access to both confidential and non-confidential projects and lets you compare Connected Rail Market research reports by Publisher Rating, Table of Contents, Number of Pages, and Price. It allows for comparing up to three market research reports at a time.
The connected rail market has displayed incredible growth lately. It is estimated to worth USD XX billion in 2022 and is projected to reach USD XX billion by 2027 at a growth rate of XX%. Asia Pacific – the region that’s home to some of the world’s fastest emerging economies, such as China, India, and South Korea – is expected to display the fastest growth in the connected rail market as a form of public transport during this five-year period. North America, on the other hand, will lead the market in freight traffic and is expected to emerge as the largest player during the forecast period. In terms of market segment, the Rolling Stock is predicted to emerge as the largest division. Increasing population, economic growth, government support, the convenience that the connected rail system offers, and the continuous need for safety and security upgrades are identified as the major factors behind this unparalleled rail market growth
The connected rail system provides a safe, reliable, comfortable, convenient, and efficient means of transportation to the public as well as for freight transportation. Increased awareness about the many advantages of railways over other modes of transportation for trade has led to a boom in investments and development at government levels all across the world. However, the slow pace of growth in developing countries will likely pose a challenge and affect the overall connected rail market growth. Safety and security will be the key driver of the connected rail market.
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