Railway Telematics Market Is Estimated To Exhibit At USD 18.82 Billion By 2028
San Francisco, 16 March 2022: The Report Railway Telematics Market Size, Share & Trends Analysis Report By Solution (Fleet Management, Automatic Stock Control, Remote Data Access, Railcar Tracking & Tracing), By Railcar, By Component Type, And Segment Forecasts, 2021 - 2028 The global railway telematics market size is expected to reach USD 18.82 billion by 2028, expanding at a CAGR of 7.5%, from 2021 to 2028, as per the research conducted by Grand View Research, Inc. Increasing government initiatives aimed at introducing smart railways, rapid urbanization, and the evolution of smart cities globally are some of the key factors driving the market growth. Governments across the globe are emphasizing smart city initiatives to speed up operational activities in public transport services and offer better infrastructure for transportation. Countries such as Germany, India, France, and Canada have recognized the benefits of expanding railway infrastructure and its positive impact