Rail Freight Digital Transformation Market will grow at +8% by 2030

Rail Freight Digital Transformation Market will grow at +8% by 2030
© Global Market Vision

The rail freight digital transformation market is valued at $63.69 billion in 2022 and is expected to reach $142.68 billion by 2030, growing at a compound annual growth rate (CAGR) of +8%. This is the result of an analysis by Global Market Vision.

Rail freight digital transformation is the process of using digital technologies to improve the efficiency of rail freight operations. This can include the use of sensors and data analytics to track and optimise the movement of trains and goods, as well as the use of digital communications and automation to improve coordination between different stakeholders.

"I am confident that within a decade Europe will be completely connected through digital platforms, all information will be managed in one list, everything will be accessible and can be ordered with a few clicks, and all railway companies will be working together across Europe," comments on the situation in the railway market Ctirad Klimanek, Managing Director of RAILVIS.com.

By improving the efficiency of rail freight operations, digital transformation can help reduce costs, improve service levels and make the rail network more resilient to disruption.

The Global Market Vision report also published the key players influencing the rail freight digital transformation market, they are:

  • SAP
  • DXC Technologies 
  • Ericsson 
  • VTG 
  • Thales Group 
  • Commtrex 
  • Railnova 
  • Cylus
  • Activu 
  • SBB Cargo
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