DUBLIN, Aug. 2, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global IT Spending in Railways Market 2016-2020" report to their offering.
The report forecasts the global IT spending on railways market to grow at a CAGR of 15.93% during the period 2016-2020.
Railways worldwide use cloud computing and big data analysis to evaluate customer requirements. Through these technologies, railway operators get a broader view of the freight, passenger, and logistics operations. For example, Slovenian Railways uses IBM's SmartCloud solution to build smarter railway systems. Hitachi is another major vendor that provides cloud computing and big data services to the railways sector.
According to the report, the global railways passenger and freight traffic are growing due to plummeting oil prices and increase in industrial activities. Latest offerings (such as mobile ticketing) coupled with the rise in the use of personal computing devices (like smartphones and tablets) are boosting the railway passenger volume.
Further, the report states that the costs involved in implementing IT in railways include licensing fees and expenses for system design and customization, implementation, training, maintenance, and upgrade. After purchasing the license, railway authorities need to hire experts for the proper implementation of the software. Moreover, the integration of these applications with the existing operational processes of the railway network can be quite challenging at times.
- Accenture plc
- ALTEN SA
- Altran Technologies SA
- IBM Corp.
- SAP SE
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Economic overview
PART 06: Market landscape
PART 07: Market segmentation by category
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/9bwmdj/global_it
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets