Internet of Things related technologies can be applied to add automation and analytic intelligence to legacy industries that may have lacked significant new innovation in decades -- take passenger and freight train logistics, as an example. TechNavio Research has studied the Global Smart Railway System market. Their report analyzes the diverse market trends and growth opportunities pertaining to the rail transportation industry in the coming years. According to the TechNavio market assessment, smart railway system comprises solutions, devices, components and services that automate or otherwise optimize the usage of railway infrastructure to carry out advanced functions. It has several key components such as passenger reservation and information systems, freight operations information systems, railway traffic management, operations and asset management, IP-based security monitoring, communications, ticketing, and railway analytics. "Within the Railway industry, the need to ...
TMT Market Research and Analysis