The ongoing battle with COVID-19 (coronavirus) has compelled transport agencies to adopt display systems to float messages about COVID-19 preventive measures. Hence, companies in the passenger information system market are capitalizing on this trend and increasing their production capabilities to increase the availability of display and audio communication systems. This trend is prominent in the Indian Railway industry. Indian transport agencies are adopting Bollywood-themed COVID-19 messages that grab the attention of individuals traveling through public transport.
Educational railway posters, with the help of LCD (Liquid Crystal Display) and LED (Light Emitting Diode) displays are a prominent trend in the Indian passenger information system market.
Cost-efficient SaaS Platforms Create Incremental Opportunities for Vendors
Software as a Service (SaaS) is increasingly becoming the new trend in modern transit systems. SaaS models have facilitated the introduction of subscription-based account, which helps a user to fetch information from the cloud. As such, the subscription economy has been exploding in the past couple of years and holds promising potentials in the passenger information system market. For instance, LIT Transit— a provider of mobility technology solutions, is increasing its efficacy in SaaS-based passenger information systems (PIS) to provide flexibility in transit management.
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The passenger information system market is undergoing a revolution from hardware dependent systems to hardware independent software. Transport agencies are increasingly adopting SaaS platforms, owing to its advantages of constant innovations and cost efficiency. Many agencies have experienced a boost in their performance levels after the deployment of SaaS platforms.
Next-gen On-board PIS Deploys Combined Infotainment and Commercial Content
Companies in the passenger information system market are profiting by increasing the availability of on-board PIS. For instance, Nomad Digital— a provider of passenger and fleet connectivity solutions, is building its portfolio in on-board passenger information systems that involve on-train screens and the delivery of journey information in the rail industry. Innovative on-board passenger information systems are bolstering the growth of the passenger information system market, which is estimated to reach US$ 65.3 Bn by the end of 2030.
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The demand for on-board passenger information systems is surging in the global market landscape, owing to needs of infotainment and content management. As such, commercial content is being controlled via scheduled programming technology, thus eliminating the need for employees in transport agencies. Vendors are increasing their R&D capabilities to develop single platform on-board PIS solutions for the rail industry.
Open Data Resources Deliver Real-time Information in U.K. Public Transport Industry
The passenger information system market is projected to advance at a robust CAGR of ~13% during the assessment period. This is evident, as transport agencies are harnessing the advantages of data in the public transport sector. As such, the public transport industry is pervasively becoming more digitalized. However, there is a lack of open and shared resources for data that adhere to privacy laws and General Data Protection Regulation (GDPR) in the European Union. Hence, companies in the passenger information system market are increasing their R&D efforts to tap into opportunities in the Internet of Things (IoT) in order to collect and share data to the people in real time.
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Transportation in London is leading the way for open data in the U.K. Transportation agencies are using predictive analytics to study data and use the data to counter problems before they occur.
