Passenger Information System Market: Structure and Overview of Key Market Forces Propelling Market 2020 - 2030

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Passenger Information System Market: Introduction
The global passenger information system market is anticipated to reach US$ 65.3 Bn by 2030. The passenger information system market is projected to expand at a CAGR of ~13% from 2020 to 2030 based on revenue. According to the report, North America was a significant contributor to the passenger information system market in terms of revenue in 2019. The prominent market share of the region is due to significant adoption of passenger information systems and increasing air passenger traffic, especially in the U.S. 
Customer Inclination for Rich Experiences Driving Global Passenger Information System Market
Commuters are highly demanding and seeking enduring travel experiences. Real-time information about routes, connections, disruptions, etc. not only helps commuters in better planning and optimum utilization of time, but also indicates a professional set up and good reputation of transport service providers. The quality of service plays a pivotal role in influencing the commuters’ decision to opt for the same transport again. Providing real-time information to commuters is a win-win situation for both the transport service provider and commuters. This radical practice is driving the passenger information system market toward significant growth.
Passenger Information System: Market Segmentation
The global passenger information system market has been segmented in terms of component, mass transit hub, and region. Based on component, the passenger information system market has been classified into hardware, software, mobile PIS (Passenger Information System), and professional services. The hardware segment dominated the global passenger information system market in 2019 and is expected to maintain its dominance during the forecast period. 
Professional services segment has been sub-divided into integration & implementation services, and support & maintenance services. Based on mass transit hub, the passenger information system market has been categorized into airport, rail, road, and ports. The airport segment is expected to account for leading share of the global passenger information system market. The segment is expected to continue its dominance in the coming years. Rail segment has been further sub-divided into railways and metros.

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