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Public transport ITS in Europe reaches EUR 1 bln in 2014
2015-07-27 07:53:00| Telecompaper Headlines
(Telecompaper) The market value for Intelligent Transport Systems (ITS) deployed in public transport operations in Europe was EUR 1.03 billion in 2014, according to a research report from the analyst firm Berg Insight. Growing at a compound annual growth rate of 7.2 percent, this number is expected to reach EUR 1.46 billion by 2019. The European market for ITS for public transport is in a growth phase which will continue throughout the forecast period, researchers said. The fluctuating economic climate in most countries had limited effect on this market as the public investments which underpin a major part of the ITS initiatives remained stable throughout the periods of crisis in most countries.
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Category:Telecommunications