Connect with us

Technology

Train Communication Gateways Market to Grow by USD 321.5 Million (2024-2028), Due to Increased Passenger Connectivity Demand, How AI is Transforming the Market- Technavio Report

Published

on

NEW YORK, Aug. 30, 2024 /PRNewswire/ — Report with the AI impact on market trends- The global train communication gateways systems market size is estimated to grow by USD 321.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  22.39%  during the forecast period. Rising demand for passenger connectivity is driving market growth, with a trend towards rising demand for intelligent transport system (ITS). However, high cost associated with rail infrastructure  poses a challenge. Key market players include ABB Ltd., Advantech Co. Ltd., ALSTOM SA, AMiT spol. S r.o., Cisco Systems Inc., CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A., duagon AG, EKE Electronics Ltd., Hitachi Ltd., Huawei Technologies Co. Ltd., Ingeteam Corp. S.A., Knorr Bremse AG, Mitsubishi Electric Corp., Moxa Inc., Nokia Corp., Quester Tangent, Secheron SA, Siemens AG, SYS TEC electronic AG, and WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Train Communication Gateways Systems Market Scope

Report Coverage

Details

Base year

2023

Historic period

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 22.39%

Market growth 2024-2028

USD 321.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

20.15

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 37%

Key countries

US, China, Germany, India, Canada, and UK

Key companies profiled

ABB Ltd., Advantech Co. Ltd., ALSTOM SA, AMiT spol. S r.o., Cisco Systems Inc., CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A., duagon AG, EKE Electronics Ltd., Hitachi Ltd., Huawei Technologies Co. Ltd., Ingeteam Corp. S.A., Knorr Bremse AG, Mitsubishi Electric Corp., Moxa Inc., Nokia Corp., Quester Tangent, Secheron SA, Siemens AG, SYS TEC electronic AG, and WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.

Market Driver

The Train Communication Gateways Systems market is growing due to the increasing demand for advanced train technologies. These systems facilitate seamless communication between trains and infrastructure, ensuring safety and efficiency. They enable real-time data exchange, improving operational performance and passenger comfort. Major players in this market include Thales, Siemens, and Bombardier. Collaborations and partnerships are common strategies to expand market share. The market is expected to continue growing, driven by technological advancements and regulatory requirements. 

In the transportation sector, Train Communication Gateways (TCGs) are becoming essential for intelligent transport systems. TCGs facilitate end-to-end connection between various subsystems like propulsion systems, brakes, signaling systems, passenger information systems, and more. The market trends include the integration of Artificial Intelligence (AI) and Machine Learning (ML) for data filtering solutions, enhancing user experience. Rail requirements, such as interoperability, mobility, and rail infrastructure, are driving the need for TCGs. Communication mediums like distributed computing and 5G networks are being adopted for better connectivity. However, rail transit faces threats from cyberattacks, necessitating robust security infrastructure. TCGs are crucial for rail transit’s competitive advantage, addressing interoperability issues, and regulatory standards. Product types include Software-Defined Wireless Communication (SWC), Train Buses, and Vehicle Buses. The IT sector and CXOs are investing in TCGs to mitigate supply chain disruptions caused by lockdowns and incompatibilities. Rugged phone companies are partnering with railways for public-private partnerships to strengthen the train communication network. Overall, TCGs are a game-changer for the transportation sector, enabling intelligent transportation systems and addressing the challenges of the 21st century. 

Explore a 360° Analysis of the Market: Unveil the Impact of AI. For complete insights- Request Sample!

Market Challenges

The Train Communication Gateways Systems Market refers to the industry that provides systems for managing and transmitting data between trains and railway infrastructure. These systems enhance safety, efficiency, and performance. They include Interoperable Communication Systems (ITS) and European Train Control System (ETCS). Market growth is driven by increasing railway electrification and digitalization initiatives worldwide. Key players include Thales Group, Siemens AG, and Bombardier Transportation.In the Railway sector, train communication systems are a key component for ensuring efficient and safe train operations. Train control and management systems, along with surveillance systems, are being upgraded with cutting-edge train technologies to meet industry standards. Technical improvements include intelligent, interoperable systems that enable seamless data interchange and automation. Real-time monitoring, data analytics, and communication gateways are essential for optimizing train efficiency and enhancing passenger safety. Communication technologies, including IoT, play a crucial role in these systems. Data security and cybersecurity are top priorities, with encryption technology and secure communication protocols ensuring confidentiality. As an Active Innovator in this field, our product strategy aligns with economic, social, and political factors, including regulations. Our subject-related expert advice helps businesses navigate the complexities of railway communication, ensuring a secure and efficient future for the industry.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This train communication gateways systems market report extensively covers market segmentation by  

Application 1.1 Rapid transit railways1.2 Conventional railwaysType 2.1 Wire train bus (WTB) gateway2.2 Multifunction vehicle bus (MVB) gatewayGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Rapid transit railways-  The Train Communication Gateways Systems market refers to the supply of advanced technology systems that enable seamless communication between trains and railway infrastructure. These systems ensure safety, efficiency, and reliability in train operations. They facilitate real-time data exchange between trains and control centers, enabling improved train scheduling, automatic train protection, and enhanced passenger information services. The market is driven by increasing railway electrification and digitalization initiatives, growing railway infrastructure investments, and the need for safer and more efficient train operations. Major players in this market include Thales Group, Siemens AG, and Bombardier Transportation.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Train Communication Gateways Systems Market encompasses various subsystems, including propulsion systems, brakes, signaling systems, passenger information systems, and artificial intelligence (AI) and machine learning (ML) solutions. These systems enable intelligent transport systems, mobility, and interoperability in the railway industry. Distributed computing, data filtering solutions, user experience, and rail requirements are essential considerations for customers. Threat landscapes, rail infrastructure, communication mediums, product type, and intelligent transportation systems are key aspects of this market. Supply chain disruptions, public-private partnerships, rail transit, train communication networks, Internet of Things (IoT), 5G networks, and cyberattacks are current challenges. Rugged phone companies provide solutions for harsh rail environments. The railway industry continues to evolve, integrating rail transit, interoperability, and rail infrastructure to enhance mobility and passenger experience.

Market Research Overview

Train Communication Gateways Systems: Enhancing Railways with Intelligent Interoperable Systems Train Communication Gateways Systems are integral to the railway sector, facilitating end-to-end connection between various subsystems and external systems. These systems encompass Propulsion systems, Brakes, Signaling systems, Passenger Information systems, and more. Advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML) are being integrated to optimize Distributed computing, data filtering solutions, and user experience. Rail requirements, interoperability, and rail infrastructure form the backbone of these systems. Communication mediums, Product type SWC, Train buses, and Vehicle buses, are essential components. The transportation sector, IT sector, and CXOs grapple with interoperability issues, regulatory standards, and incompatibilities, seeking competitive advantage through these advanced systems. Threat landscapes, including cyberattacks, rail transit disruptions, and supply chain challenges, necessitate robust Security infrastructure and technological expenses. Cutting-edge train technologies, such as Intelligent Transport Systems, 5G networks, and IoT, are revolutionizing the railway industry, offering real-time monitoring, data analytics, and automation. Train architectures, onboard and external subsystems, train control management systems, and surveillance systems, all contribute to enhancing operational performance, safety, passenger experience, and railway sector efficiency. Industry standards and technical improvements continue to shape the future of train communication gateways systems.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationRapid Transit RailwaysConventional RailwaysTypeWire Train Bus (WTB) GatewayMultifunction Vehicle Bus (MVB) GatewayGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/train-communication-gateways-market-to-grow-by-usd-321-5-million-2024-2028-due-to-increased-passenger-connectivity-demand-how-ai-is-transforming-the-market–technavio-report-302235053.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

ResumeTemplates.com Survey Reveals 3 in 10 Gen Zers Believe CEOs Are Evil; Many Support Release of Mangione

Published

on

By

The majority of Gen Zers feel CEOs wield excessive power, with some expressing extreme views about corporate accountability

SEATTLE, Dec. 27, 2024 /PRNewswire-PRWeb/ — ResumeTemplates.com, the leading platform for professional resume templates and career advice, has released findings from a recent survey revealing critical attitudes among Gen Z toward corporate leaders. Conducted in December 2024, the survey of 1,200 U.S.-based Gen Zers highlights the sentiment that CEOs hold excessive power and are overcompensated, with some respondents expressing extreme views about corporate accountability.

According to the survey, more than half of Gen Zers (55%) believe CEOs wield excessive power in society, particularly influencing elections, the economy, and policymaking. Additionally, 59% of respondents believe CEOs are overpaid, with most saying total annual compensation should not exceed $750,000. Only 7% of respondents support unlimited earning potential for CEOs. The survey also found that 39% of Gen Zers believe all levels of a workforce equally contribute to a company’s success, while only 20% think CEOs create the most value within an organization.

The survey also explored Gen Z’s perceptions of corporate leadership. More than half believe CEOs are responsible for driving corporate greed, and 30% of respondents view CEOs as “evil,” reflecting deep skepticism toward corporate leadership.

Additionally, the survey examined opinions on high-profile cases like Brian Thompson’s killing. Among respondents, 21% agreed that “CEOs deserve to lose their lives for their professional actions,” including 7% who strongly agreed. When asked specifically about Brian Thompson’s killing, 22% of respondents believe he definitely (10%) or probably (12%) deserved what happened to him. Regarding Luigi Mangione, Thompson’s accused killer, 21% supported his release, while 51% opposed it.

This survey, conducted December 18, 2024, via Pollfish, gathered responses from 1,200 U.S.-based 18 to 27 year olds. The full report can be viewed here: https://www.resumetemplates.com/3-in-10-gen-zers-say-ceos-are-evil-many-believe-mangione-should-go-free/

ABOUT RESUMETEMPLATES.COM
ResumeTemplates.com offers a comprehensive selection of free, industry-specific resume templates, tailored to meet the needs of various job seekers. The website also provides extensive resources to help facilitate the job application process, including expert advice, resume examples, and tips and tricks for creating impactful resumes. For more information, please visit: https://www.resumetemplates.com/.

Media Contact

Abigail Davis, ResumeTemplates, 000-0000, abigail@resumetemplates.com

View original content:https://www.prweb.com/releases/resumetemplatescom-survey-reveals-3-in-10-gen-zers-believe-ceos-are-evil-many-support-release-of-mangione-302338434.html

SOURCE ResumeTemplates

Continue Reading

Technology

Founder Shares Unforgettable Lessons After Spending $1 Million on a Domain Name

Published

on

By

ATLANTA, Dec. 27, 2024 /PRNewswire/ — VPN.com CEO Michael Gargiulo recently shared invaluable insights with Entrepreneur on the unforgettable lessons he learned while spending $1 million to acquire the premium domain VPN.com.

Gargiulo’s journey to acquiring VPN.com wasn’t just about landing a high-value web address. In the Entrepreneur.com article titled “5 Unforgettable Lessons I Learned Spending $1 Million on a Domain Name”, Gargiulo emphasizes the long-term value a premium domain brings to brand trust, visibility, and scalability.

Investing in a Domain: More Than Just a Name

Gargiulo’s $1 million purchase of VPN.com was more than a simple transaction—it was an investment in the future of his business and the value of owning a recognizable, exact-match domain. “The right domain can change everything for a brand. It immediately creates trust and credibility with customers, and it sets your company apart from the competition,” said Gargiulo.

In the article, he shares five critical lessons learned during his experience, including the importance of patience, timing, and the negotiating power of a premium domain. “A domain isn’t just a digital asset—it’s a business strategy. Acquiring VPN.com helped us stand out in the crowded cybersecurity market and continues to drive our success.”

Brand Trust and Global Recognition

Since acquiring VPN.com, Gargiulo has expanded his company’s mission to help hundreds of millions of people secure a private internet experience. The premium domain has played a pivotal role in building trust with customers, partners, and investors. “A premium domain acts as an instant signal of authority,” Gargiulo noted. “It makes a lasting impression, and in today’s fast-moving digital world, that’s invaluable.”

A Vision for the Future

Gargiulo’s vision for VPN.com extends beyond the domain. With a mission to provide a secure internet experience for one billion people by 2030, VPN.com is at the forefront of internet privacy, security, and premium domain brokerage. Gargiulo’s experience acquiring VPN.com has equipped him with unique insights into the premium domain marketplace, helping businesses recognize the value of digital branding in today’s world.

Read More About Michael Gargiulo’s Insights

To read Gargiulo’s full breakdown of the lessons learned from his $1 million domain purchase, visit the Entrepreneur article here.

In addition, Gargiulo also contributed to the Entrepreneur article “Getting a Divorce With a Six-Figure Domain Portfolio”, where he shares insights on the unique challenges of managing and valuing a high-profile domain portfolio in complex personal and financial situations.

For media inquiries or interviews, please contact:

Michael Gargiulo
855-VPN-FAST
388102@email4pr.com

Visit: vpn.com for more information.

About VPN.com
VPN.com is a global leader in internet security and premium domain brokerage, dedicated to helping entrepreneurs, businesses, and individuals protect their brands and secure their online presence. With a $1 million domain name and a mission to serve one billion people by 2030, VPN.com is at the cutting edge of internet privacy, security, and digital branding.

Learn more about VPN.com’s work:

Michael Gargiulo Shares Insider Secrets on Premium Domain ValuationHow to Acquire a Premium Domain Via Stealth AcquisitionVPN.com Renews Commitment to Freedom, Digital Liberties, and Brand Protection

For more insights on digital brand protection and domain name acquisition, visit: vpn.com/domains.

View original content:https://www.prnewswire.com/news-releases/founder-shares-unforgettable-lessons-after-spending-1-million-on-a-domain-name-302339666.html

SOURCE VPN.com

Continue Reading

Technology

OCR Canada Rebrands to Levata

Published

on

By

TORONTO, Dec. 27, 2024 /CNW/ — OCR Canada Ltd., Canada’s leading solutions provider of automated identification data capture (AIDC) products, software, and services for businesses across industries and government organizations, is pleased to announce its rebrand to Levata as of January 1, 2025. This transition unites Canada’s operations with Levata’s global identity, streamlining the company’s messaging while honoring OCR Canada’s more than 40-year legacy of trusted service and expertise.

The name OCR, which originally stood for Optical Character Recognition, reflects a technology that no longer represents the company’s comprehensive offerings. Rebranding to Levata supports the broader strategic vision of uniting Levata across markets under one multinational brand to better communicate the full value Levata delivers to its customers.

“This rebrand is an exciting milestone for Canada,” said Tony Mastrangeli, Executive Vice President & GM of Canada. “While our name is changing, the exceptional service, expertise, and relationships our customers rely on remain the same. Levata will continue to empower businesses with tailored solutions, just as OCR Canada has for more than 40 years.”

The transition follows a successful history of growth in Canada, with OCR Canada joining Levata in 2014. Since then, the Canadian arm has expanded its expertise through strategic acquisitions and established itself as a leading provider of AIDC solutions across industries.

“This rebrand marks the next step in Levata’s long-term vision,” said Dan Nettesheim, CEO of Levata. “By uniting under a single, global identity, we are amplifying our global message that we enable our customers to elevate their potential. Today, we provide solutions beyond OCR and barcoding, we also offer leading technology and services for enterprise mobility, RFID, networking, IT infrastructure, and more to help customers succeed in a competitive and rapidly evolving market.”

To complement this transformation, Levata Canada will launch a French-enabled eCommerce platform in January 2025, further enhancing customer access and experience.

For more information about the rebranding, visit www.Levata.com/en-ca/news/ocr-canada-rebrands-to-levata.

About Levata
Levata enables customers to elevate their potential by providing strategies, solutions, and services that power modern environments. With a broad suite of technology products to enable enterprise mobility, a digital supply chain, a secure workplace, and an elevated customer experience, and the services to move businesses forward, Levata unlocks the power of thousands of organizations worldwide. Levata has operated as a market leader in full-stack technology solutions for over 40 years. Learn more at www.levata.com.

Alana Tufford, Director, Enterprise Marketing
Levata
905-475-5505 x242
branding@levata.com

SOURCE Levata

Continue Reading

Trending