Better Connectivity is Propelling Growth in the Global Passenger Information Systems Market

LONDON - Oct. 2, 2014 - PRLog -- 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

If you are interested in more information about the Global Passenger Information Systems Market 2014-2018 (http://www.technavio.com/report/global-passenger-informat...), please contact our media team at media@technavio.com.

About TechNavio

TechNavio is a leading global technology research and advisory company. Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year. We cover more than 500 technologies across 80 countries.

We focus on emerging trends that can shape a market, and model these trends using a mix of quantitative and qualitative tools in our proprietary research methodologies in order to build forecasts across market segments and geographies. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a constantly changing technology market scenario.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Our analysts obtain the information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

Our large and growing base of happy customers include technology suppliers, end users, consulting companies, investment firms, research institutes and media worldwide.

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