Wednesday 8 April 2015, Amsterdam
The new report recognizes the following companies as the key players in the Global Passenger Information Systems Market: Advantech Corp., Alston SA, Cisco Systems Inc. and Cubic Corp.
Other Prominent Vendors in the market are: Hitachi, Huawei Technologies, Siemens, TE Connectivity and Thales Group.
Commenting on the report, an analyst from the report's team said: “The increasing adoption of smartphones is one of the emerging trends in this market. Transport service providers are launching new smartphone apps to improve their services and serve passengers efficiently.”
According to the report, the evolution of new telecommunication technologies is one of the major drivers. The advent of 4G and LTE network technologies offer better connectivity and result in real-time information availability to passengers.
Further, the report states that one key challenge affecting market growth is the lack of infrastructure in several countries. Lack of network and communication infrastructure is the major challenges that curtail the growth of the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.