The digitization in logistics supply chain market was valued at US$ 11,794.24 million in 2019 and is projected to reach US$ 23,607.06 million by 2027; it is expected to grow at a CAGR of 8.5% from 2020 to 2027. The key stakeholders in the digitization in logistics supply chain market are technology solution providers, technology service...
The global rail freight transport market is expected to exhibit a CAGR of about 2% during the forecast period 2020-2025. North America leads the global rail freight market and Asia-Pacific is expected to overtake North America during the forecast period. Moreover, the rise in global trade and various trade agreements are boosting the global...
The Smart Railways Market was valued at USD 13.85 billion in 2019, and it is estimated to be worth USD 32.07 billion by 2025, registering a CAGR of 15.14% during the forecast period (2020 - 2025). Global trends, such as digitization, connectivity, sustainability, energy conservation, and integration of IoT, have led to the emergence of the...
The global rail greases market is expected to reach US$ 420.27 million by 2027 from US$ 341.37 million in 2018. The market is estimated to grow with a CAGR of 2.4% from 2019 to 2027. Surging demand for biodegradable rail greases is expected to provide lucrative opportunities to the market players operating in rail greases market.Using...
Global Rail Track Components Market to Reach $180.2 Billion by 2027 Amid the COVID-19 crisis, the global market for Rail Track Components estimated at US$102 Billion in the year 2020, is projected to reach a revised size of US$180.2 Billion by 2027, growing at a CAGR of 8.5% over the analysis period 2020-2027. Rail Sleepers, one of...
As COVID-19 Outbreak Escalates, Logistics & Freight Transportation Bites the Dust Except for the transport and delivery of much-needed food essentials and drugs, medical equipment, and personal protective equipment like masks, gowns, gloves, logistics and cargo transportation industry is bearing the brunt of the pandemic`s wrath. COVID-19...
While land and ship cargo transportation remain as favorable options, goods transport by air is considered as the quickest and the unhindered mode of transportation. According to the airline association, IATA, cargo volumes grew by 4.1% to 63.7 million metric ton, in 2018. However, the industry forecast suggests that the number may decrease...
The railway cyber security market in APAC is expected to grow from US$ 1,661.7 million in 2019 and is projected to reach US$ 3,503.6 million by 2027; it is expected to grow at a CAGR of 10.0% from 2020 to 2027. The increasing complexity as well as frequency of cyber-attacks in critical industries such as energy & power, IT & telecom, and transportation...
The railway cyber security market in Europe is expected to grow from US$ 2,358.1 million in 2019 to US$ 4,400.3 million by 2027; it is estimated to grow at a CAGR of 8.3% from 2020 to 2027. Some of these attack types include advanced persistent threats (APTs), ransomware, and other advanced malwares. In addition to the complexity, the frequency...
The Indonesian freight and logistics market is currently trading at an inflection point. Being the world’s fourth-largest populated country with an excellent potential for growth, Indonesia is a key market in the global scenario. Given the scope of household consumption in a densely populated country and its strategic location on geographical...