DUBLIN – (COMMERCIAL THREAD)–The “Global connected rail market” report was added to ResearchAndMarkets.com offer.
The global connected rail market was valued at US $ 2,1361.7 million and is expected to reach US $ 37,832.4 million by 2027, growing at a CAGR of 7.9% during the forecast period . The global connected rail market is expected to create an additional opportunity of US $ 13,870.6 million in the period 2020-2027.
The growth of connected rail is attributed to the increase in population, the growth of urbanization, the growing concerns for safety and security among passengers, the provision of fast, efficient and hassle-free services, the formulation of mandatory government regulations for the incorporation of smart functionality into the rail industry & the novelty of rail technology around the world. It offers an end-to-end solution design for delivering services to railway infrastructure, such as on-board, trackside, and station and maintenance yard connectivity.
Increased demand for ease of operation in railways.
The connected rail solution is useful for monetizing high-speed internet on a moving train where data and transactions are facilitated through a Wi-Fi platform. It has various advantages, including allowing customers to work during their shift. travel can be seen as a powerful tool to increase passenger fares and consumer satisfaction.
The increasing percentage of train lines, especially those that run along passenger routes, offer free Wi-Fi connectivity in order to attract customers and satisfy existing customers, thanks to the various services provided by the trains connected such as passenger mobility, passenger information system, automated fare collection systems, 24 * 7 CCTV camera surveillance, predictive maintenance, etc.
Connected rail solutions offer increased reliability and safety. Thanks to recent advances in maintenance, it is possible to improve the reliability of older trains. Connected trains have become loaded with devices, with sensors on critical parts like wheels, brakes and motors.
The tracks also benefit from the Internet of Things (IoT); some rail networks have thousands of sensors deployed in their systems, measuring the stress and condition of the tracks, air and track temperatures and others that have predictive value for maintenance teams. Due to these advantages, the demand for connected trains is increased. The impact of this engine is very high over the forecast period.
Data security and privacy concerns
As IoT becomes mainstream, businesses demand better security and privacy protections that don’t make them vulnerable to corporate surveillance and data breaches. With the increase in the number of Internet of Things (IoT) enabled systems in railways, a number of security and privacy concerns will arise and every endpoint, sensor, gateway and smartphone will become a potential target for them. pirates. IoT devices measure variables such as pressure, speed, consumption, and temperature, and actuators control physical systems, such as valves, lights, brakes, power circuits, or medicine vending machines.
Privacy protection relies heavily on individual users to understand and configure security settings. This requires a high level of computer security skill and is therefore likely to fail more often. Addressing this problem would dramatically improve public acceptance of IoT (Internet of Things) consumer products.
This factor hampers the demand for connected rail solutions during forecasting. The impact of this resistance is high
Offer a connected car solution with advanced technologies
Companies operating in the connected rail market focus on offering solutions with cutting edge technologies such as artificial intelligence, machine learning, big data and among others.
In September 2020, Vehant Technologies, an India-based provider of physical security, traffic monitoring and surveillance and junction enforcement solutions based in India, developed the FebriEye human body screening facility which is a thermal and vision camera that measures forehead temperature and detects face mask as well as social distancing violations.
During COVID-19, it is very essential to detect passengers with coronavirus-like symptoms. To achieve this, Central Railway (CR), located in Mumbai, India, said it uses an AI-based camera. The camera is able to efficiently scan passengers for COVID-like symptoms. AI-based cameras can detect rail travelers with fever, without a mask.
Key market players
Various key players are discussed in this report, such as
Tech Mahindra Limited
Cisco Systems Inc.
Robert Bosch GmbH
For more information on this report, visit https://www.researchandmarkets.com/r/m76plj