The railway industry is expected to boost IT spending in the coming years, investing in areas such as the cloud, mobile technology and video analytics, according to Technavio Research.
Technology spending in the global railway sector will see a compound annual growth rate (CAGR) of 16% between 2016 and 2020, the firm says. IT solutions have become a core component of almost all railway operations—from ticketing to logistics handling to catering.
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