Smart Mobility Market Set to Flourish with Exponential Surge in Demand for Smart Mobility Solutions

 


The global smart mobility market has witnessed significant growth in recent years owing to the growing adoption of various smart mobility services across several sectors. Smart mobility services offer innovative transportation solutions along with real-time information and analysis of traffic patterns to better plan commute options. These services help reduce traffic congestion and fuel consumption while improving overall transportation efficiency. The increasing awareness about the environmental benefits of smart mobility is further boosting the adoption of shared mobility services like bike-sharing, ride-sharing and car-sharing. The global smart mobility market is estimated to be valued at US$ 32.34 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The growing demand for connected transportation systems is one of the key trends driving the growth of the smart mobility market. Connected vehicles and infrastructure allow for seamless communication between vehicles as well as transportation infrastructure to gather traffic data in real-time for optimizing commute routes and reducing congestion. This facilitates smarter, safer, and more efficient mobility. Various smart city initiatives by governments worldwide focusing on deploying sensor-enabled infrastructure and promoting shared mobility are further augmenting the adoption of connected transportation solutions. Intelligent transportation systems based on IoT, AI and cloud computing are enabling innovative mobility services and transforming urban transportation landscape.

Segment Analysis
The global smart mobility market is segmented based on type, application and geography. Based on type, the transportation as a service (TaaS) segment currently dominates the market. TaaS offers on-demand mobility services and provides a single payment and application interface for various modes of transportation including public transit, taxi, micro-mobility, and automobile services. It delivers seamless mobility without the hassles of owning and maintaining individual vehicles.

Key Takeaways
The Global Smart Mobility Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market size is projected to reach US$ 32.34 Bn by 2024.

Regional analysis: Europe currently dominates the smart mobility market owing to strong government support for development of smart cities and advanced transportation infrastructure in countries like Germany, UK, and France. The Asia Pacific region is expected to be the fastest growing market, led by China and India. Rapid urbanization, growing investment in smart transportation solutions, and rising adoption of shared mobility services are driving market growth in Asia Pacific.

Key players: Key players operating in the smart mobility market are Wedgewood Pharmacy, Pace Pharmacy, Tache Pharmacy, The Pet Apothecary, Pet Script, Golden Gate Veterinary Compounding Pharmacy, CareFirst Specialty Pharmacy, Triangle Compounding Pharmacy, Miller€TMs Pharmacy, and Davis Islands Pharmacy. Wedgewood Pharmacy is a leading provider of customized medications for pets. Pace Pharmacy focuses on medication therapy management and compounding services.

For More Insights, Read: https://www.newswirestats.com/smart-mobility-market-demand-growth-and-regional-outlook-by-2030/

Related Reports: https://wotpost.com/office-furniture-the-foundation-for-productivity-and-collaboration-in-workplaces/

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