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Passenger Information System Market projected to reach $41 0 billion by 2026, with a remarkable CAGR of 11 2%
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by Component (Solutions and Services), Location (On Board and In Station), Transportation Mode (Railways (Trains and Trams), Roadways, and Airways and Waterways), and Region - Global Forecast to 2026
, published by MarketsandMarkets™, the global Passenger Information System Market size is projected to grow from USD 24.1 billion in 2021 to USD 41.0 billion in 2026, at a Compound Annual Growth Rate (CAGR) of 11.2% during the forecast period.
The major factors driving the growth of the Passenger Information System (PIS) Market include the rise in demand for intelligent public transportation systems, including real-time transit information of passengers, extensive usage of smartphones and other handheld devices with increased connectivity, increase in the usage of advertising and information systems, advancements in the technological landscape to enhance the passenger experience, and a surge in urban population and traffic in public transportation systems.
Passenger Information System Market worth $41.0 billion by 2026 - Exclusive Report by MarketsandMarkets Passenger Information System Market by Component (Solutions and Services), Location (On Board and In Station), Transportation Mode (Railways (Trains and Trams), Roadways, and Airways and Waterways), and Region - Global Forecast to 2026
, published by MarketsandMarkets, the global Passenger Information System Market size is projected to grow from USD 24.1 billion in 2021 to USD 41.0 billion in 2026, at a Compound Annual Growth Rate (CAGR) of 11.2% during the forecast period.
The major factors driving the growth of the Passenger Information System (PIS) Market include the rise in demand for intelligent public transportation systems, including real-time transit information of passengers, extensive usage of smartphones and other handheld devices with increased connectivity, increase in the usage of advertising and information systems, advancements in the technological landscape