Market Research Report
Passenger Information System (PIS) Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||949411|
Delivery time: 2-3 business days
|Passenger Information System (PIS) Market 2019-2025|
|Published: May 15, 2020||Content info:||
Global Passenger Information System (PIS) Market Size, Share & Trends Analysis Report by Product Type (Hardware and Software & Services), By Mode of Transportation (Airways, Roadways, Railways, Waterways) and Forecast 2019-2025
The global PIS market is estimated to grow significantly during the forecast period. The growth of the market is attributed to the rising demand of connected devices for passenger information in various mode of transportation such as airways and railways. Furthermore growing usage of smartphone propels the market growth during the forecast period. There is a significant increase in the percentage of individuals using internet and own a smartphone, especially in the emerging regions in the last two years. According to GSMA, a trade body that represents the interests of mobile network operators across the globe, the mobile services surpassed 5 billion individual connections. The global smartphone industry is anticipated to achieve more milestones over the next few years.
The global PIS market is segmented on the basis of product type and mode of transportation. Based on the product type, the market is further classified into hardware and software & services. The software and services segment is projected to have a considerable growth in the global market.. Based on the mode of transportation, the global PIS market is further segmented into airways, roadways, railways, and waterways. The airways segment estimated to grow at a considerable CAGR during the forecast period due to the growing demand of real time passenger information in aviation industry coupled with growing integration of IoT and AI in airport. Based on geography, the global PIS market is further segregated into North America, Europe, Asia-Pacific and the Rest of the World. Among, region North America projected to have a considerable share in the global PIS market.
The companies which are contributing to the growth of the global PIS market include Advantech Co., Ltd., ALSTOM Holdings, Cisco Systems, Inc., Siemens AG, Wabtec Corp., and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.
The market study of the global PIS market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report is intended for PIS providers, end-user companies for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.
The Report Covers: