Passenger Information System Market worth $20.34 Billion by 2019

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MarketsandMarkets Presents
Passenger Information System Market worth 20.34
Billion by 2019
http//www.marketsandmarkets.com/Market-Reports/pa
ssenger-information-system-market-200574830.html
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The report "Passenger Information System Market
Display, Announcement, Emergency Communication,
Infotainment, Mobile Applications, Devices and
Components, Services (Professional, Integration,
Cloud) - Worldwide Market Forecasts and Analysis
(2014 - 2019)" defines and segments the Passenger
Information Systems market into various segments
and provides an in-depth analysis and forecasting
of revenues. This research report helps to
identify the factors driving this market, various
restraints, challenges and opportunities
impacting it along with the future
roadmaps. Browse more than 96 market data
tables with 62 figures spread through 180 pages
and in-depth TOC on "Passenger Information System
Market Display, Announcement, Emergency
Communication, Infotainment, Mobile Applications,
Devices and Components, Services (Professional,
Integration, Cloud) - Worldwide Market Forecasts
and Analysis (2014 - 2019)" http//www.marketsand
markets.com/Market-Reports/passenger-information-s
ystem-market-200574830.html Early buyers will
receive 10 customization on reports.
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MarketsandMarkets broadly segments the Passenger
Information Systems market by systems
information display systems, information
announcement systems, emergency communication
systems, mobile applications by components
routers, multimedia displays, announcement,
networking and communication devices, sensors by
services professional, integration, cloud and
by modes of transportation railways, roadways,
and airways and by regions North America (NA),
Europe (EU), Asia Pacific (APAC), Middle East and
Africa (MEA) and Latin America (LA).
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ssenger-information-system-market-200574830.html
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Rapid adoption of smart phones, evolution of new
telecommunication technologies and high growth in
urbanization are the primary factors driving the
growth for this market. Passenger information
systems address the passengers demand for
real-time information and in-transit
connectivity. As the transport service providers
find opportunity to retain the customers (in this
case, the passengers), the demand for passenger
information systems is increasing. Since there
are several vendors in this market space, the
transport service providers are looking forward
to avail better prices. The players in this
market space are providing a wide range of
feature-rich offerings to attain better market
positioning.
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ssenger-information-system-market-200574830.html
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As per the study, the changing behavior of
passengers is propelling the growth of passenger
information system market. Number of passengers
availing public transport services is increasing
which is being backed by the high growth in
urbanization. These passengers have several
options to travel as a number of transport
service providers are available there. In such
case only those transport service providers will
retain market share which will be able to retain
more passengers. Passenger information systems
offer real-time information and in-transit
connectivity to the passengers which gives
transport service providers a competitive edge
over other service providers. Apart from the
above stated features, today passenger
information system solutions also offer features
such as news broadcast, weather forecast display,
on-demand information, emergency communication,
and entertainment. Such features lure more
passengers which directly attracts more revenues.
With the rise of 3G, 4G LTE, and other
communication technologies, now passengers want
all the information related to arrival,
departure, and cause of delay on their mobile. It
has opened new possibilities for mobile
application developers. Some of the passenger
information systems do provide information vie
mobile applications and notifications but in
future this segment will be a key segment in this
market in terms of revenue generation.
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ssenger-information-system-market-200574830.html
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MarketsandMarkets expects the Passenger
Information Systems market to grow from 6.27
billion in 2014 to 20.34 billion by 2019. This
represents a Compound Annual Growth Rate (CAGR)
of 26.5 from 2014 to 2019. MarketsandMarkets
expects North America to hold the largest market
for Passenger Information Systems market, in
terms of geographical regions and over the next
five years, it is expected to continue this pace
but Asia Pacific and Latin America would be the
regions with highest growth rate.
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ssenger-information-system-market-200574830.html
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