TechNavio Says the Passenger Information Systems Market Will Grow in Response to Better Connectivity

London, United Kingdom, October 08, 2014 --(PR.com)-- The worldwide Passenger Information Systems Market is going to grow at a CAGR of 24.2 percent, according to a new report from TechNavio.

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 latest report by the global, tech-focused research firm pinpoints the evolution of new telecommunication technologies as a major driver for market growth. The advent of 4G and LTE networks offer better connectivity and give real-time information to passengers.

“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
Market Challenges
Market Trends
Key Vendors, including:
-Advantech Corp.
-Alston SA
-Cisco Systems Inc.
-Cubic Corp.

If you are interested in more information about the Global Passenger Information Systems Market 2014-2018, 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, covering more than 500 technologies across 80 countries.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain 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.