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New Revenue Pockets In Passenger Information Systems Market
In the Passenger Information Systems market, railways is expected to account for largest market share in the forecasted period, from 2014 to 2019. Railways is one of the most trusted and used transportation medium across the globe. As the number of passengers is increasing the need for advanced and smart solutions has been increased in this sector. Increase in urbanization and better networking and connectivity is driving the growth rate in market share of railways. As the number of passengers increases the load on transport service providers increases and to enhance the revenue generating capabilities, railways transport service providers deploy new and advanced solutions. In the core behind the adoption of new solutions lies the need to retain passengers. Hence transport service providers focus on the needs and demands of passengers. At present, passengers demand for the connectivity on the move and it is one of the primary reasons behind the adoption of passenger information systems.
The above stated factors are also responsible for high growth in revenues in roadways as well. Roadways is the next big revenue pocket in Passenger Information Systems market. Road transport service providers are deploying Passenger Information Systems which are offering features such as real time information, news, and entertainment along with in-transit connectivity. With the rise of new networking and communication technologies such as 3G, 4G, and 5G, diversification from traditional to new information and announcement systems etc are the causing this market to grow at a high growth rate.
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)
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