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MarketsandMarkets highlighted for smart railways market in an article on IoT for travel and transportation published by SAP.

IoT is set to revolutionize not only the computing world, but also travel and transportation, connecting its every aspect. It will help maximizing the capacity, improving infrastructure, increasing operational efficiency, and also meet regulatory and safety requirements enforced by the government. Moreover, with the rising world population, there is a huge need for fast, reliable, secure, and efficient transportation systems, with railways being one of them. Since the concept of smart technologies and IoT is being adopted at a rapid pace, the smart railways market is expected to create an array of opportunities.

For More Details:

https://go.sap.com/docs/download/2015/04/d4054c34-477c-0010-82c7-eda71af511fa.pdf

Report mentioned in the above news is,

Smart Railways Market by Solutions (Passenger & Freight Information System, Security & Monitoring System, Rail Communication & Networking System, Smart Ticketing, Rail Analytics), by Services & by Regions - Global Forecast to 2020

Press Release:

Smart Railways Market worth 13.77 Billion USD by 2020

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