The global railway telematics market, valued at approximately USD 6.64 billion in 2024, is poised for substantial expansion. With a projected compound annual growth rate (CAGR) of 8.00% from 2025 to 2034, the market is expected to nearly double, reaching an estimated USD 13.20 billion by 2034. This growth is driven by advancements in IoT, smart transportation technologies, and increasing demand for efficient railway operations worldwide. Stay ahead with insights into this transformative market trend.
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