Connected Rail Market Share, Size, and Forecast Analysis 2030

The global Connected Rail Market size is predicted to reach USD 153.98 billion by 2030 with a CAGR of 5.6% .

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Increasing in investment in the connected rail market growth due to the need for efficient, sustainable and reliable transportation systems. The governments, along with the private sector investors are constantly recognizing the significance of upgrading and extending the rail transport to improve inter-connectivity, decongest cities and curb carbon emissions.

Europe region dominates the connected rail market share. This is primarily due to strong infrastructure, well established railway networks, and increasing railway passengers in the region.