London, 29 September 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global Passenger Information Systems Market 2014-2018.
Passenger information systems are IT solutions and services provided by transport service providers. These systems act as a source of communication between passengers and transport service providers to offer real-time information to travelers so that they can take advantage of a hassle-free service and plan their travel accordingly. The Global Passenger information Systems Market is expected to witness growth at a CAGR of 24.2 percent from 2014-2018.
About the Report
The latest report by TechNavio focuses on the evolution of new telecommunication technologies. The advent of 4G and LTE networks offer better connectivity and give real-time information to passengers. Additionally, the report emphasizes the growing adoption of smartphones, as the demand for quality information in public transport is increasing at a rapid pace.
“The traditional information media is unable to provide real-time, personalized data. With the help of mobile devices, companies can serve the user individually as per their needs. Passengers can use SMS feature of mobile networks to get travel information on their mobiles regarding departures, arrivals and even delays,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Evolution of New Telecommunication Technologies
- For a full detailed list, view our report.
Market Challenges:
- Lack of Infrastructure
- For a full detailed list, view our report.
Market Trends:
- Growing Adoption of Smartphones
- For a full detailed list, view our report.
Key Vendors:
- Advantech Corp.
- Alston SA
- Cisco Systems Inc.
- Cubic Corp.
Other Prominent Vendors:
- GE Transportation
- Hitachi
- Siemens
- TE Connectivity
- Thales Group
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
