Connected Rail Market Leading Players, Survey, Status and Trends Report by 2030
The global connected rail market was valued at USD 98.04 billion in 2024 and is forecasted to reach approximately USD 133.45 billion by 2030, expanding at a compound annual growth rate (CAGR) of 5.7% from 2025 to 2030. This consistent market growth is primarily fueled by accelerating urbanization, a rising demand for efficient and reliable mass transit systems, and an increasing emphasis on passenger safety and operational effectiveness. As urban centers continue to grow and experience escalating traffic congestion, rail transport systems have emerged as crucial components of smart city infrastructure. To keep pace with expanding urban populations and evolving mobility needs, governments and transport authorities are heavily investing in the digitalization and modernization of railway infrastructure. This includes the integration of advanced technologies that allow for better operational oversight and enhanced commuter experiences. Additionally, growing environment...