|By Business Wire||
|March 21, 2014 12:01 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/q9zl2f/passenger) has announced the addition of the "Passenger Information System Market (Display, Announcement, Emergency Communication, Infotainment, Mobile Applications, Devices and Components, Services) - Worldwide Market Forecasts and Analysis (2014 - 2019)" report to their offering.
The passenger information system market will grow from $6.27 billion in 2014 to $20.34 billion by 2019, at a CAGR of 26.5% during the forecast period.
The passenger information system market is experiencing a lot of traction - primarily driven with the rise of urbanization. Passengers, today, demand real-time information about the arrival and departure time of the transport mediums and also want to stay connected all the time. These solutions not only offer information in real time, but also provide pother features which help to enhance the passenger experience and hence, to increase the passenger retaining. These solutions provide connectivity between the passengers and the transport services. With the increasing number of passengers in public transport, the installation of PIS solutions are becoming quite common today.
Passenger information system is one of the smart traffic solutions which offers better and greater efficiencies and reduces operational costs of the transport service providers. PIS solutions create a network between passengers and transport service providers. This network is the backbone of the entire solution. With the new telecommunication technologies emergence, accessibility of the information and ability to stay connected on the move has been enhanced significantly. Network and communication services providers are also working with transport service providers to offer robust networks that PIS solutions can rely on.
This report focuses on the global Passenger information system market across end-users, different modes of transportations, and geographic regions. Key segments included in the report are by systems, devices and components, services (professional, integration, and cloud), modes of transportation (railways, roadways, and airways), and regions (NA, EU, APAC, MEA, and LA). This report also emphasizes on upcoming trends, drivers, restraints, and opportunities in this market.
Scope of the Report
- Passenger information display systems
- Passenger information announcement systems
- Emergency communications systems
- Infotainment systems
- Passenger information mobile applications
- Multimedia display
- Public announcement
- Networking and communications
- Professional services
- Integration services
- Cloud services
Modes of Transport
- Advantech Corporation
- Cubic Corporation
- Ge Transportation
- Huawei Technologies
- Siemens Ag
- Te Connectivity
- Thales Group
For more information visit http://www.researchandmarkets.com/research/q9zl2f/passenger
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