Connect with us

Technology

Smart Railway Systems Market size is set to grow by USD 29.78 billion from 2024-2028, Expansion of railways to address efficiency and environmental concerns to boost the market growth, Technavio

Published

on

NEW YORK, July 2, 2024 /PRNewswire/ — The global smart railway systems market  size is estimated to grow by USD 29.78 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 15.63%  during the forecast period.  Expansion of railways to address efficiency and environmental concerns is driving market growth, with a trend towards adoption of iot and big data driving efficiency. However, investments in initial infrastructure  poses a challenge. Key market players include ABB Ltd., ALSTOM SA, Atos SE, Capgemini Service SAS, Cisco Systems Inc., Digi International Inc., General Electric Co., Hitachi Ltd., Huawei Technologies Co. Ltd., Indra Sistemas SA, International Business Machines Corp., Mitsubishi Electric Corp., Nokia Corp., Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Teleste Corp., Thales Group, Trimble Inc., and ZTE Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Solutions, Components, and Services), Type (Passenger information system, Rail and freight operations management system, Smart ticketing system, Rail analytics system, and Others), and Geography (Europe, North America, APAC, Middle East and Africa, and South America)

Region Covered

Europe, North America, APAC, Middle East and Africa, and South America

Key companies profiled

ABB Ltd., ALSTOM SA, Atos SE, Capgemini Service SAS, Cisco Systems Inc., Digi International Inc., General Electric Co., Hitachi Ltd., Huawei Technologies Co. Ltd., Indra Sistemas SA, International Business Machines Corp., Mitsubishi Electric Corp., Nokia Corp., Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Teleste Corp., Thales Group, Trimble Inc., and ZTE Corp.

Key Market Trends Fueling Growth

Smart Railway Systems Market: The integration of IoT and big data in railway operations is revolutionizing the industry. Onboard control systems and sensors generate valuable data, which can improve efficiency, reduce downtime, and enhance safety. IoT and big data enable real-time monitoring, predictive maintenance, and energy savings. Cost savings have been reported, with Trenitalia achieving an 8%-10% reduction in maintenance costs. The future of railways lies in leveraging data to optimize operations and enhance passenger experience. 

The Smart Railway Systems market is experiencing significant growth, driven by advancements in technology. Real-time monitoring and ticketing systems are becoming increasingly common. These systems enable passengers to check train schedules, purchase tickets, and receive real-time updates on their devices. Additionally, safety features such as automatic train protection and collision avoidance systems are being implemented to enhance passenger safety. Schdule-based train control and traffic management systems are also being adopted to improve efficiency and reduce delays. The use of biometric technology for passenger identification and security is also on the rise. Overall, the Smart Railway Systems market is transforming the railway industry with its innovative solutions. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The adoption of smart railway systems faces challenges due to the substantial initial investment needed for infrastructure development. This is attributed to the use of advanced technologies and the long payback period for such projects. Government-funded railway projects, particularly those with significant investments, undergo rigorous evaluation. Smaller carriers have found it costly to implement Positive Train Control (PTC) due to high installation and maintenance costs. Technical errors or integration issues can lead to severe consequences, including loss of life and replacement costs, as well as downtime and revenue declines. These factors are expected to hinder the growth of the global smart railway systems market.The Smart Railway Systems Market faces several challenges in implementation and operation. One major challenge is the integration of various technologies such as sensors, communication systems, and software applications. Another challenge is ensuring the reliability and interoperability of these systems in harsh railway environments. Additionally, the high cost of implementation and maintenance is a significant barrier for many railways. Furthermore, the need for standardization and regulation to ensure safety and security is a pressing issue. Lastly, the lack of skilled personnel to design, install, and maintain these systems is a significant challenge for the market. Addressing these challenges will require collaboration between industry players, governments, and academia to develop cost-effective, reliable, and interoperable solutions.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This smart railway systems market report extensively covers market segmentation by

Product 1.1 Solutions1.2 Components1.3 ServicesType 2.1 Passenger information system2.2 Rail and freight operations management system2.3 Smart ticketing system2.4 Rail analytics system2.5 OthersGeography 3.1 Europe3.2 North America3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Solutions-  Smart Railway Systems Market: The components segment is essential for ensuring security and network connectivity in railway systems. Sensors monitor trains and infrastructure, video surveillance cameras ensure security, multimedia displays offer real-time information, and networking devices facilitate smooth data transmission. These devices enhance safety, improve service quality, and drive market growth during the forecast period. Railway operators increasingly use sensors for cost-effective monitoring and safety. Video surveillance cameras ensure public security and employee safety. Multimedia displays provide real-time alerts and entertainment. Networking devices enable machine-to-machine communication and interoperability. Overall, these components are vital for the proper functioning of smart railway systems.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Smart Railway Systems Market encompasses advanced Technology-based Solutions for Rail Analytics, Freight Information, Passenger Information, and Smart Ticketing Systems. These systems facilitate Real-time Data monitoring and analysis, ensuring optimal Passenger capacity and addressing Commuting requirements in the context of Urbanization and Societal changes. Railway technology plays a pivotal role in enhancing Scheduling, Maintenance, and Manual diagnostics through Digitalization and Real-time monitoring. Smart railway components, including High-speed sensors, are integral to Logistical activities and Railway projects, ensuring efficient Train Services and Railway Systems operation.

Learn and explore more about Technavio’s in-depth research reports

The global Facilities Management Market is experiencing significant growth due to the increasing demand for integrated services across various sectors. The market’s expansion is driven by the need for efficient management of facilities and the adoption of advanced technologies. Similarly, the global Industrial HVAC Market is also on an upward trajectory, propelled by rising industrialization and stringent environmental regulations. Innovations in energy-efficient systems are further enhancing market prospects. Both markets are benefiting from the trend towards automation and the emphasis on sustainability, reflecting a broader shift towards more efficient and eco-friendly industrial practices.

Market Research Overview

The Smart Railway Systems Market encompasses advanced technologies and solutions that aim to enhance the efficiency, safety, and passenger experience in railway transportation. These systems leverage technologies such as IoT, RFID, AI, and machine learning to optimize train operations, improve infrastructure management, and provide real-time information to passengers. The market is driven by factors such as increasing urbanization, growing demand for efficient and reliable transportation, and government initiatives to modernize railway infrastructure. Smart railway systems offer benefits like reduced operational costs, improved safety, and enhanced passenger comfort. The market is expected to witness significant growth in the coming years due to these factors and the continuous advancements in technology.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductSolutionsComponentsServicesTypePassenger Information SystemRail And Freight Operations Management SystemSmart Ticketing SystemRail Analytics SystemOthersGeographyEuropeNorth AmericaAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/smart-railway-systems-market-size-is-set-to-grow-by-usd-29-78-billion-from-2024-2028–expansion-of-railways-to-address-efficiency-and-environmental-concerns-to-boost-the-market-growth-technavio-302187548.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Molicel S Series Engineered for Ultimate Safety in BBUs, Data Centers, and AI computing

Published

on

By

Launching in 2025, Molicel’s high-safety, ultra-power S Series is engineered to provide reliable power for Battery Backup Units, and is currently being shipped to major CSPs.The S Series delivers outstanding performance across both 18650 (including the 100W/36A INR-18650-P22S and 160W/54A INR-18650-P30S) and 21700 (featuring the up to 200W/100A INR-21700-P50S) cell formats.Engineered for safety and high discharge with low flammability, the S Series supports OCP ORV3 for data center BBUs, as well as the new high-voltage system, showcasing Molicel’s leading reliable battery solutions for data centers and AI computing.

TAIPEI, May 8, 2025 /PRNewswire/ — Molicel, a leading innovator in advanced battery technology, showcased its latest advancements at the International Battery Seminar & Exhibit 2025, introducing the groundbreaking S Series ultra-high power cells alongside its established P and X Series. The highlight of the event was the debut of the S Series, a 2025 ultra-high power cell line designed for unparalleled safety and performance.

The S Series ultra-high power cells are engineered with optimized long calendar life and low flammability, providing exceptional safety and discharge capabilities. Specifically designed for Battery Backup Units (BBUs), hyperscale data centers, and AI computing, these ultra-high power cells deliver dependable power with over 1.5 minutes of backup time and a 6-year retention period, ensuring the highest safety standards.

Through sophisticated engineering of its interface technology, incorporating an optimized design and exclusive SEI/CEI technologies, the S Series provides outstanding performance in both 18650 and 21700 cell format. The 18650 format includes the INR-18650-P22S, achieving a maximum power output of 100W and a maximum discharge current of 36A, and the INR-18650-P30S, reaching a maximum power output of 160W and a maximum discharge current of 54A, respectively. The 21700 format features the INR-21700-P50S, delivering high power output up to 200W and a maximum discharge current of 100A.

This advanced technology yields key advantages, including an ultra-low impedance of 13 mΩ, high reliability with 6 years of sustained performance and stable performance at elevated temperatures of 35-45°C for both standby and operation.

The NVIDIA GB300’s enhanced computing demands higher energy consumption, requiring advanced power management and safer battery for increased power loads. Consequently, to ensure AI computing stability, GB300 is expected to standardize BBUs in servers, driving increased BBU adoption as server power needs rise. The BBU for OCP (Open Compute Project) Open Rack Standards supports OCP ORV3’s 48V-54V power system for BBU, providing a stable power supply for high-performance servers. OCP has now migrated to a third-generation standard that refines high voltage standards designed for AI data centers.

In data centers, safety is paramount. To achieve this, it’s crucial to control the flammability of battery cells, ensuring overall battery pack safety. Molicel’s research and development of high-safety cells focuses on shaping thermal behavior, a key aspect of our S series future roadmap. Molicel is actively exploring thermal behavior and flame mechanisms through both active control and passive suppression. By utilizing high thermal stability separators, Molicel has successfully modified gas release behavior, making our cells the safest choice for data centers and generative AI computing, surpassing competitors in performance.

“The S Series, with an unwavering focus on safety, advances battery technology with superior performance for critical applications like BBUs and data centers. Our ultra-high power cells, available in 18650 and 21700 formats, are engineered to achieve not only high reliability and stable performance, but also the utmost safety assurance. Shipments to major CSPs underscore our leadership in both innovation and safety.” said Casey Shiue, President of Molicel.

Molicel remains steadfast in its commitment to continuous research and development. This ongoing dedication aims to further enhance battery performance, safety, and sustainability, ultimately delivering cutting-edge ultra-high power cells to meet the evolving demands of this rapidly growing application.

About MOLICEL

E-One Moli Energy Corporation, established in 1998, is a world class manufacturer of high performance, superior quality rechargeable lithium-ion cells and battery pack products. The company provides power optimized cylindrical cells by the brand MOLICEL.

With over 40 years’ rechargeable lithium-ion knowhow and innovative technology research and development, MOLICEL is famous for its excellent power density product which both presents high discharge and fast charge capability, balanced with good energy density. The company has been recognized as the first choice for world leading manufacturers in applications such as sports car/motorcycle, EVTOL, aerospace and heavy-duty tools.

MOLICEL belongs to the energy business of TCC Group Holdings. TCC Group Holdings is the first listing company in Taiwan stock market. The group has business units in the field of power plant, renewable energy and BESS.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/molicel-s-series-engineered-for-ultimate-safety-in-bbus-data-centers-and-ai-computing-302449459.html

SOURCE Molicel

Continue Reading

Technology

Shoplazza and Easyship Partner to Simplify Shipping for Global eCommerce Merchants

Published

on

By

TORONTO, May 8, 2025 /PRNewswire/ — Shoplazza, a leading eCommerce SaaS platform, has announced a strategic partnership with Easyship, a global shipping technology company, to enhance logistics and strengthen fulfillment capabilities for merchants worldwide.

This integration brings Easyship’s powerful automation, 550+ courier connections, and discounted shipping rates of up to 91% directly into the Shoplazza platform, giving merchants a faster, more affordable way to fulfill orders and scale globally. By embedding Easyship’s tools natively, Shoplazza merchants will soon be able to generate real-time, all-inclusive shipping quotes at checkout—including duties, taxes, and all delivery costs—streamlining cross-border commerce and helping reduce cart abandonment.

Empowering Merchants With a Seamless Fulfillment Engine

“Shipping is one of the biggest hurdles for eCommerce sellers,” said Jeff Li, Shoplazza CEO. “This partnership brings a powerful, scalable logistics engine directly into our platform, allowing merchants to streamline fulfillment and focus on growing their business. We’re pleased that Shoplazza shipping is now powered by Easyship.”

Whether shipping a handful of packages or managing high-volume international operations, merchants will benefit from discounted label rates from top carriers, including UPS, FedEx, DHL Express, and USPS. Built-in courier optimization will help merchants select the best shipping option based on destination, delivery time, and cost.

To further support operational efficiency, advanced reporting and analytics tools will allow merchants to track shipping performance, identify trends, and continuously optimize their logistics strategies.

Delivering Scalable Shipping Solutions to Growing Brands

Founded in 2014 and headquartered in New York, Easyship has become one of the world’s most trusted shipping software providers, offering advanced global logistics technology to more than 100,000 brands and merchants worldwide.

Its platform, available as an App or via API, streamlines every stage of the shipping journey—from printing labels and syncing orders to managing returns, comparing courier rates, and automating fulfillment workflows—all within a single dashboard.

With the new integration, these capabilities will be natively embedded within the Shoplazza ecosystem. Merchants will be able to tap into hybrid fulfillment services and a global delivery network tailored to virtually every destination. All-inclusive, real-time shipping quotes—covering duties, taxes, and delivery costs—will also be available at checkout, helping reduce cart abandonment and improve customer satisfaction.

Advancing a Unified Cross-Border Ecosystem

This collaboration reflects Shoplazza’s broader commitment to building an open, flexible eCommerce ecosystem. By integrating robust shipping technology directly into its platform, Shoplazza is helping merchants streamline operations and deliver seamless, reliable experiences to their customers.

“Together with Shoplazza, we’re making shipping easier, smarter, and more affordable for merchants everywhere,” said Tommaso Tamburnotti, Co-Founder of Easyship. “We’re proud to support brands as they scale and expand into new opportunities. Offering them all the shipping tools they need to succeed.”

The integration is currently underway and will soon be available to Shoplazza merchants. Once launched, it will deliver a fully integrated, end-to-end shipping solution designed to support long-term growth.

About Shoplazza

Founded in 2017, Shoplazza strives to simplify how retailers and online sellers connect with consumers. Today, Shoplazza leads the industry with its robust omnichannel platform, empowering retailers to reach customers wherever they shop—whether in-store, online, or through social commerce.

To learn more about Shoplazza, visit https://www.shoplazza.com/.

About Easyship

Easyship is a leading all-in-one shipping platform that empowers businesses of all sizes to simplify their fulfillment operations, save on shipping costs, and enhance their customer delivery experience. Trusted by tens of thousands of merchants worldwide, Easyship provides instant access to more than 550 courier services, offering exclusive discounted rates of up to 91% off retail. Our integrated shipping software also offers cross-border fulfillment, logistics, and shipping automation technologies to scale growth and save hours daily. Leverage our App or API to streamline eCommerce shipping with a suite of helpful tools to compare carriers, print labels, track shipments, calculate international tax and duties, and increase conversions with calculated shipping rates at checkout.

For more information, visit: https://www.easyship.com/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/shoplazza-and-easyship-partner-to-simplify-shipping-for-global-ecommerce-merchants-302450817.html

SOURCE Shoplazza

Continue Reading

Technology

Axis to host industry flagship event: Axis Solution Conference 2025 in Hong Kong SAR, Taiwan region, and Korea

Published

on

By

Unlocking the Limitless Possibilities of AI for Security and Growth

HONG KONG, May 9, 2025 /PRNewswire/ — Axis Communications, a global leader in network video, is excited to announce the Axis Solution Conference 2025, a premier biennial event focused on the transformative power of Artificial Intelligence (AI) in the security industry. Scheduled for June 6 to October 15, 2025, this conference will take place across the Axis North Asia region, covering Hong Kong SAR, Taiwan region, and Korea.

The conference theme, “Protect and Grow Your Business – Harness the Limitless Possibilities of AI for Security and Growth”, emphasizes how AI can unlock new growth opportunities and enhance organizational resilience. Attendees will gain insights into cutting-edge solutions, including the newly introduced ARTPEC-9 system-on-chip, which significantly enhances AI-powered analytics, imaging, and cybersecurity, while reducing storage costs thanks to the AV1 video encoding standard.

Key highlights include:

Next-gen Security Empowered by Axis ARTPEC-9: Explore advancements in AI and imaging technologies that improve detection accuracy and operational efficiency.AI-powered Possibilities of Visual and Non-visual AI Sensors: Discover how AI analytics and image processing enhance video camera performance, enabling the detection of smaller objects and rapid responses. Learn about the integration of thermal imaging, radar, audio and environmental sensors to provide actionable insights while respecting privacy.Panel discussion on Cybersecurity for Business Resilience: Industry experts will discuss key strategies for safeguarding surveillance systems amidst the complexities of IoT integration, focusing on best practices to protect organizations from cyber threats.TCO – The True Cost of a Security System: an interactive session that reveals the long-term expenses associated with surveillance systems. Conference delegates will gain insights into maximizing ROI while aligning their security investments with sustainability goals.

Join us at the Axis Solution Conference 2025 to discover how AI is revolutionizing the surveillance industry. For more information and to register, visit https://tinyurl.com/axis-solution-conferenc-hk

About Axis Communications
Axis enables a smarter and safer world by improving security, safety, operational efficiency, and business intelligence. As a network technology company and industry leader, Axis offers video surveillance, access control, intercoms, and audio solutions. These are enhanced by intelligent analytics applications and supported by high-quality training.

Axis has around 5,000 dedicated employees in over 50 countries and collaborates with technology and system integration partners worldwide to deliver customer solutions. Axis was founded in 1984, and the headquarters are in Lund, Sweden.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/axis-to-host-industry-flagship-event-axis-solution-conference-2025-in-hong-kong-sar-taiwan-region-and-korea-302448357.html

SOURCE Axis Communications Limited

Continue Reading

Trending