Passenger Information System Market 2024-2028: Size and Outdated infrastructure and other technical challenges; growth driven by the Component, Some of key Companies Positioned Strategically

The passenger information system market size by Component (Solution and Services), Mode Of Transportation (Railways, Roadways, and Air and waterways), and Geography (North America, Europe, APAC, South America, and Middle East and Africa), is forecast to increase by USD 32.8 billion. The market is expected to grow at a CAGR of   16.87% between 2024 and 2028.

• In the transportation industry, outdated legacy software and infrastructure pose significant challenges for operators in Europe, North America, and other regions with aging railway and road systems. The continuous demand for enhanced transportation services and population growth intensify the pressure on these outdated systems. Integration complexities arising from legacy systems and networks create technical hurdles, hindering business expansion and IT infrastructure modernization. To remain competitive and meet evolving customer expectations, it is crucial for transportation operators to address these challenges and adopt advanced Passenger Information Systems (PIS) technologies.
• The Passenger Information System (PIS) market is a significant segment of the transportation industry, providing real-time information to enhance the travel experience. This system facilitates seamless communication between passengers and transportation providers, ensuring on-time information on schedules, platform locations, and service disruptions. By leveraging advanced technologies like IoT, AI, and big data analytics, PIS solutions optimize operations, boost efficiency, and foster customer satisfaction. The global PIS market is poised for robust growth due to increasing travel volumes, regulatory mandates, and the need for improved passenger experience.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• Advantech Co. Ltd.
• ALSTOM SA
• Cisco Systems Inc.
• Cubic Corp.
• Dysten Sp. z o. o
• Hitachi Ltd.
• Huawei Technologies Co. Ltd.
• ICON MULTIMEDIA SL
• Indra Sistemas SA
• LUNETTA Pvt. Ltd.
• Mitsubishi Electric Corp.
• Passio Technologies Inc.
• r2p GmbH
• Rohde and Schwarz GmbH and Co. KG
• Siemens AG
• Singapore Technologies Engineering Ltd.
• Teleste Corp.
• Televic Group NV
• Thales Group
• WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.

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