Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Automated Passenger Counting and Information System Market size is expected to reach $13.2 billion by 2028, rising at a market growth of 9.1% CAGR during the forecast period.
The Automated Passenger Counting Systems segment is showcasing a CAGR of 9.6% during (2022 - 2028). Smart cities use automated passenger counts as part of their big data analytics. Combining passenger counts with pedestrian traffic, vehicle counts, and pollution monitoring using the Internet of Things (IoT). This data management - gathering, validating, storing, preserving, processing, and making information available as needed - provides insight into people's behavior and aids in the improvement of cities and towns.
North America is the fastest growing region in the Global Automated Passenger Counting and Information System Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,476.3 million by 2028. The Europe market is estimated to witness a CAGR of 8.7% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 9.6% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of EUROTECH S.p.A., INIT Innovation in Traffic Systems SE, Cisco Systems, Inc., Samsung Electronics Co., Ltd., Hitachi, Ltd., Siemens AG, HELLA Aglaia Mobile Vision GmbH, Infodev Electronic Designers International, Inc., and DILAX Intelcom GmbH.
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