The Railway Platform Security Global Market Report 2023, provides comprehensive information on the railway platform security market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global railway platform security market size is expected to grow from $2.16 billion in 2022 to $2.30 billion in 2023 at a compound annual growth rate (CAGR) of 6.06%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global railway platform security market size is expected to reach $2.95 billion in 2027 at a CAGR of 6.43%.
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New Technologies is the key trend gaining popularity in the railway platform security market. Major companies operating in the railway platform security market are focusing on developing new technologies. For instance, in November 2021, ADLINK technology Inc., a Taiwan-based company that creates and produces goods for applications in test and measurement, automation, and embedded computing, introduced its AVA-RAGX AI-enabled video analytics platform with a focus on the development of next-generation rail solutions, such as passenger security, danger monitoring, and railroad incursion detection. For onboard and wayside railway applications, AVA-RAGX offers a small, tough AI-enabled system that operates effectively and reliably in challenging conditions. The development of open standards-based heterogeneous computing solutions for subsequent-generation AI and machine learning applications became available through ADLINK’s access to advanced processing technology and technical support.
The railway platform security market is segmented:
1) By Component: Software, Services
2) By Solution: Sensors, Video Surveillance Systems, Platform Edge Doors, Alert System
3) By Sensor: Radar, Microwave, Infrared
4) By Services: Professional Services, Managed Services
5) By Application: Subways, Trains
Asia-Pacific was the largest region in the railway platform security market in 2022.
The table of contents in TBRC’s railway platform security market report includes:
- Executive Summary
- Railway Platform Security Market Characteristics
- Railway Platform Security Market Trends And Strategies
- Railway Platform Security Market – Macro Economic Scenario
- Railway Platform Security Market Size And Growth
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- Africa Railway Platform Security Market
- Railway Platform Security Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Railway Platform Security Market
- Railway Platform Security Market Future Outlook and Potential Analysis
- Appendix
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