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Smart energy meters, security devices, smart appliances, and smart transportation are a few examples of smart technologies that are used to develop smart cities. Ensuring public safety & security is critical to gaining citizens' trust while transitioning to a smart environment. As a result, incorporating public safety solutions into the smart city process is critical. Governments are investing rapidly in various sectors including smart homes & buildings, smart communication, smart transportation, smart utilities, public safety, and connected cars. All participants in the public and private sectors have acknowledged the need for improved transport infrastructure. Europe, North America, and Asia Pacific are increasing their focus on developing smarter rail infrastructure.
Train dispatching industry share from the solutions segment reached over USD 750 million in 2022 and will significantly grow till 2032 due to rising adoption of touch-screen monitors, multi-color displays, computer icons, and detailed & accurate information.
The market size of train dispatching reached USD 949.3 million in 2022 and will showcase 8% CAGR of from 2023-2032 owing to the growing need for dedicated freight railroads along with real-time data analysis on train position, motion, and status.
North America accounted for over 40% of the train dispatching industry share in 2022 due to the early adoption of technologies and globalization of shared services.
Train dispatching industry size from the on-premises deployment model segment is estimated to witness 6% growth till 2032 on account of benefits, such as low cost and backup & recovery capabilities.
Hitachi Rail Ltd., Siemens AG, Motorola Solutions Inc., Alstom SA, Wabtec Corporation, Thales Group, Hexagon AB, Tracsis PLC, Mitsubishi Heavy Industries Ltd., and Toshiba.