Internet of Things in Railways

The Internet of Things in Railways Market Research report delivers current market analysis plus a five-year market and technology forecast.  

Internet of Trains for a Better Future for Mobility and Connectivity 

There is no doubt that Industrial Internet of Things (IoT) is the Fourth Industrial revolution, and its impact across the railway sector is already transforming its operations for the better. The significant amount of data sets and data growth can be harnessed to further embrace the changing dynamics of the rail sector. The stakeholders need to realize they need to get out of the industrial age and transition to the information age, and this market report will serve as their blueprint to make that transition. 

Machines are communicating with machines and sharing data seamlessly and continuously behind the scenes in real-time with the Industrial Internet. This information is relayed back to the network with status updates, asset condition, asset location, and other operational insights. A large amount of data is collected, analyzed, and interpreted in an unprecedented time, and it is made possible with the Industrial IoT.

Intelligent and connected rail transport will revolutionize the freight and passenger industry segment. Automation of trains and maintenance are much more efficient than ever before, thanks to all the information and report generation possible because of IoT. The track to transforming infrastructure is only possible with technological advances. Railway remains the least technologically transformed in numerous economies. The global initiative to fight climate change has the potential to, among other things, improve efficiency, safety, and quality of projects while decreasing delays, financing gaps, and instances of poor planning for railways.

This report includes in-depth analysis and market trends for IoT in railways to serve as an effective planning guide for companies and organizations. ARC aims to help establishments plan strategically for the upcoming prospect for Industry and Infrastructure 4.0.  With its research, ARC takes a deep dive into the market forecast, strategies for suppliers and technology users, market analysis, and conclusive recommendations. 

Internet of Things in Railways Market Strategic Issues

In addition to providing a five-year market forecast, the Internet of Things in Railways market research provides detailed quantitative current market data and addresses key strategic issues as follows.

IoT Ecosystem Requires Robust Security to Protect Itself from Infiltration and Cyberattacks: Buyers need to clearly define their strategy regarding security and the measures they need to incorporate into their digital infrastructure while selecting the supplier. Once suppliers understand the requirements, they must match the requirements with the industry safety standards for cybersecurity.

Public Safety: Since railways is an essential industry for any economy and its people, rail operators also have a public responsibility to ensure that the operations are administered safely and pose no risk to human life. Operators should do their research and ensure that they only buy products from suppliers that make cybersecurity a preference.

Data Leaks Must Be Prevented at All Costs: Leaks must be prevented because of the sensitive nature of information regarding customer data and operational data. Data have become more valuable than ever; this economy is more concerned about data knowledge. Every IoT device can become an entry point for hackers to infiltrate and hijack critical data. Governments across the world are working toward building stronger data protection laws across industries, and buyers should ensure that compliance and good governance are practiced across the organizations they are partnering with.

While the COVID-19 pandemic did not impact the 2019 demand for IoT in Railways, the market projections do consider industry trends with ARC’s best estimates for how COVID-19 will impact the forecast.