The global passenger information system market was calculated the USD 64.51 billion with a CAGR of 12.14% by 2030 during the forecast period. The passenger information system or PIS was a specialized solution that offers relevant real-time data to passengers which were related to the status of various types of transportation such as trains, buses, and airplanes. The PIS system was an operating tool that was responsible for offering visual and audio information to passengers at various facilities of travel.
The passenger information system (PIS) includes management of the information which was related to the routes through several platforms such as screens, indicator panels, etc. The PIS system can be accessed through various channels such as phones, computers, and internet-connected devices. The web application displays the techniques of trip planning and real-time information on the schedules. With the increased number of cases of covid 19, there was a negative impact on the global passenger information system market.
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Passenger Information System Market Report Scope:
|Revenue Forecast in 2030:||USD 64.51 Billion|
|Growth Rate:||CAGR of 12.14% from 2020 to 2030|
|Forecast Period:||2020 -2030|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
Key Players: –
The increased number of software-denied information centers and the increase in the adoption of private cloud are some factors which driven the global passenger information system market. The issues related to the public transportation sector are increasing rapidly. The effective control and management of the crowds in the public transportation sector become the crucial paradigm for every security operative in every region. Avoiding any kind of threatening issue in public crowded areas was the main reason behind the passenger information system market size growth.
The growth of the passenger information system market size was fundamental for the proper estimation of several people who travel to the particular area in which the counter plan was framed when the limitation surpasses. Another main reason for the passenger information system market size was the various types of potential applications such as video surveillance and video analytics for the public transport airports, buses, and railways. North America has the highest share in the passenger information system market. The growth of the passenger information system industry was influenced by increased issues of security in the public transport sector.
By Transportation Mode:
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The global passenger information system market was spread in the following regions – Asia-Pacific, Europe, North America, and rest of the World.
The key players involved in the global passenger information system market are Huawei Technologies Co. Ltd. (China), Mitsubishi Electric Corporation (Japan), SAMSUNG (South Korea), and Komachine.com Co. (South Korea).
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