Intelligent Railway Transport System (IRTS) Market Outstanding Growth, Current Trends, Future Growth Study and Strategic Assessment | Impact of COVID-19
Market Scenario: Intelligent Railway Transport System (IRTS) is an emerging concept in various countries in field of railway industry. The intelligent railway transport system allows the organization to use several components of information technology for managing the services provided by the railways. Currently, the railway relies on the radio network and the GPS system for effective implementation of intelligent transport system but by the implementation of IRTS the operation of railway will become more efficient and will also help to reduce the time and cost. The market of intelligent railway transportation system is majorly driven by benefits offered such as high security for the passengers and high service quality. The market will also grow with as the new technologies are coming into picture and adoptions of internet of things technology is increasing in the railway system. The increasing trend of internet services is contributing in the growth of Intelligent Railway Transport