DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/9bn8tp/global_passenger) has announced the addition of the "Global Passenger Information Systems Market 2014-2018" report to their offering.
The Global Passenger Information Systems market to grow at a CAGR of 24.2% over the period 2013-2018
Passenger information systems are solutions provided by IT service providers to transport service providers. These systems act as the source of communication between the passengers and transport service providers. It enables transport service providers to provide real-time information to travelers so that they can avail the hassle-free service and plan their travel accordingly. With the help of these IT solutions and systems, transport service providers can provide real-time information on arrivals and departures and other features such as news broadcast, in-transit entertainment, and emergency communications.
The increasing adoption of smartphones is one of the emerging trends in this market. Transport service providers are launching new smartphone apps to improve their services and serve passengers efficiently.
According to the report, the evolution of new telecommunication technologies is one of the major drivers. The advent of 4G and LTE network technologies offer better connectivity and result in real-time information availability to passengers.
Further, the report states that one key challenge affecting market growth is the lack of infrastructure in several countries. Lack of network and communication infrastructure is the major challenges that curtail the growth of the market.
The Global Passenger Information Systems market is divided into three divisions, which are:
- Passenger Information System Components
- Passenger Information System Solutions
- Passenger Information System Services
- Cisco Systems
Other Prominent Vendors
- GE Transportation (General Electric)
- Huawei Technologies
- TE Connectivity
- Thales Group
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Global Passenger Information Systems Market Segments
- Market Segmentation by Mode of Transport
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/9bn8tp/global_passenger