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The global Passenger Information System (PIS) market size to grow at a CAGR of 12.2%NEW YORK, March 25, 2020 /PRNewswire/ -- The global Passenger Information System (PIS) market size to grow at a CAGR of 12.2% during the forecast period Read the full report: https://www.reportlinker.com/p05877921/?utm_source=PRN The global PIS market size is projected to grow from USD 23.8 billion in 2020 to USD 42.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 12.2% during the forecast period. Various factors such as growing demand for consistent, real-time, and reliable passenger information; increasing use of smartphones with enhanced connectivity to improve transit experience; and rising frequency of passenger journeys through public transport are driving the growth of the PIS market. However, the outdated infrastructure and poor internet connectivity across underdeveloped countries may hinder the growth of the PIS market. Based on region, Asia Pacific to grow at the highest CAGR during the forecast period Among regions, APAC is expected to grow at the highest CAGR during the forecast period.APAC being an emerging economy is witnessing dynamic changes in the adoption of new technologies along with mandatory regulations imposed. Major factors driving the growth of the PIS market in APAC include rapidly emerging transport sector, increasing number of buses and rails that demand PIS solutions, government initiatives to increase the transport services, increasing adoption of real-time information systems in the transport sector, developments in the waterways mode of transportation, technological advancements in the transport sector, and increasing digitization in the region. In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the PIS market. • By Company: Tier I: 38%, Tier II: 42%, and Tier III: 20% • By Designation: C-Level Executives: 40%, Directors: 35%, and Others: 25% • By Region: North America: 35%, APAC: 15%, Europe: 40%, RoW: 10% The report includes the study of the key players offering PIS solutions and services.The major vendors are Advantech (Taiwan), Alstom (France), Wabtec (US), Cubic (US), Cisco (US), Siemens (Germany), Hitachi (Japan), Huawei (China), Thales (France), Teleste (Finland), Mitsubishi Electric (Japan), ST Engineering (Singapore), Dysten (Poland), Televic (Belgium), Lunetta (India), r2p (Germany), Indra (Spain), ICON Multimedia (Spain), Passio Technologies (US), LANCom (Slovenia), and Simpleway (Czech Republic). It further includes an in-depth competitive analysis of key players in the PIS market, along with their company profiles, business overviews, product offerings, recent developments, and market strategies. Research Coverage The market study covers the PIS market across segments.It aims at estimating the market size and the growth potential of this market, across segments, such as component, location, mode of transportation, and region. The study further includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. Key Benefits of Buying the Report The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall PIS market and the subsegments.This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report further helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities. Read the full report: https://www.reportlinker.com/p05877921/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/the-global-passenger-information-system-pis-market-size-to-grow-at-a-cagr-of-12-2-301029611.html SOURCE Reportlinker |