Public transport ITS market to be worth Euros1.3 billion by 2015

摘要

The market value for ITS deployed in public transport operations across Europe was EurosO.65 billion in 2010 and is set to rise to Eurosl.3 billion by 2015 according to new research by analyst, Berg Insight. The market is growing at a compound annual growth rate of 15%, with the outlook for the sector positive despite some local fluctuations because of the economy or developments. 'The ongoing deregulation of the public transport market in Europe spurs the adoption of sophisticated intelligent transport systems,' said Richard Andersson, analyst at Berg Insight.