LONDON–(BUSINESS WIRE)–Technavio has been monitoring the global railway fleet management market and it is poised to grow by USD 3.84 billion during 2020-2024, progressing at a CAGR of over 13% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AT&T Inc., CLX Logistics LLC, GMV Innovating Solutions SL, ORBCOMM Inc., Ricardo Plc, The Greenbrier Companies Inc., Trimble Inc., Verizon Communications Inc., VTG AG, and Wabtec Corp. are some of the major market participants. Although the growing use of wireless technology in railway industry will offer immense growth opportunities, the slow adoption rate among small fleet