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Sometimes considered to be a conservative industry, the truth is that the rail industry has always been a frontier in technology advances and mobility. With the digitalization, however, change in the industry has moved up a gear. Emerging startups bring new possibilities to the table; possibilities that shorten the timeline of innovation thus shaking up the entire industry.
The global market volume for railway technology is expected to grow at a compound annual growth rate of 2.6% to reach an average annual value of 185 billion Euros between 2019 and 2021. Startups and their technologies dramatically contribute to this process as they are the forerunner of innovation. At StartUs Insights, have analyzed 500+ startups, mapping their cutting-edge technology. Today, we will share the nine most impactful innovation areas operators should keep an eye on.