North America Passenger Information System (ICT) Market worth $5,486.88 Million by 2019 - New Report by MicroMarket Monitor
(PRWEB) July 12, 2014 -- The Passenger Information System market is estimated to grow from $4,731.07 million in 2013 to $20,341.36 million by 2019, at an expected CAGR of 26.5% for the period between 2013 and 2019.
The public transport infrastructure in North America is well developed and network infrastructure connectivity is also available in almost every corner of the region. The growing ridership figures in public transport and the interest of public transport service providers are driving the North American Passenger Information System market at a steady pace. The North American Passenger Information System Market was valued at $1,480.45 million in 2013, and is estimated to reach $5,486.88 million by 2019, at an expected CAGR of 23.1% for the period between 2013 and 2019.
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Latin America Passenger information System (ICT) Market
Latin America has witnessed a high urbanization rate in the past decade and its network infrastructure is also developing smoothly. The Latin American Passenger Information System market is estimated to grow from $355.73 million in 2013 to $2,131.57 million by 2019, at an expected CAGR of 33.6% for the period between 2013 and 2019. The compound annual growth rate indicates that the Latin American Passenger Information System market is the fastest-growing market.
Europe Passenger information System (ICT) Market
Europe has got a developed public transport structure and due to the government’s support and investment there is a growing demand of Passenger Information Systems in Europe. The Europe Passenger Information System market is estimated to grow from $1,333.50 million in 2013 to $4,665.70 million by 2019, at an expected CAGR of 22.1% for the period between 2013 and 2019. The compound annual growth rate shows the enormous potential of the Europe Passenger Information System market.
http://www.micromarketmonitor.com/market/europe-passenger-information-system-ict-4690617357.html
Asia-Pacific Passenger information System (ICT) Market
The Asia-Pacific region is in its developing stage due to countries like China and India, which are the major developing economies in the world. The Asia-Pacific Passenger Information System market is estimated to grow from $858.74 million in 2013 to $4,477.74 million by 2019, at an expected CAGR of 31% for the period between 2013 and 2019. The compound annual growth rate shows the enormous potential in the Asia-Pacific Passenger Information System market.
Middle East and Africa Passenger information System (ICT) Market
Public transport structure is increasing in Middle East and Africa, with the region also witnessing development of its network infrastructure. The Middle East and African Passenger Information System market is estimated to grow from $702.66 million in 2013 to $3,579.47 million by 2019, at an expected CAGR of 30.5% for the period between 2013 and 2019. The compound annual growth rate shows that the Middle East and African market is one of the fastest-growing markets for Passenger Information Systems.
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