Public transport ITS market in Europe expected to reach € 1.5 billion by 2016 Read more: Public transport ITS market in Europe expected to reach € 1.5 billion by 2016 – FierceWireless:Europe http://www.fiercewireless.com/europe/press-releases/public-transport-its-market-europe-expected-reach-15-billion-2016#ixzz2APniS6Kw Subscribe: http://www.fiercewireless.com/europe/europe/signup?sourceform=Viral-Tynt-FierceWirelessEurope-FierceWirelessEurope

According to a new research report from the analyst firm Berg Insight, the market value for Intelligent Transport Systems (ITS) deployed in public transport operations in Europe was € 0.76 billion in 2011. Growing at a compound annual growth rate of 15 percent, this number is expected to reach € 1.5 billion by 2016.