Public transport  ITS in Europe is a billion-euro market

city by night

According to a new research report  from the analyst firm Berg Insight, a market research company from Sweden, the market value of Intelligent Transport Systems (ITS) deployed in public transport operations in Europe was € 1.03 billion euros in 2014. Growing at a compound annual growth rate of 7.2 percent, this number is  expected to reach € 1.46 billion by 2019. Berg Insight believes that the European market for ITS in public transport is in a growth phase, which will continue througout the forecasted period.