EIN Presswire
August 19, 2021 (US)
Global smart mobility market technology and distribution channels, This study presents market analysis, trends, and future estimations.
PORTLAND, ORAGON, UNITED STATES, August 19, 2021 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global smart mobility market generated $34.04 billion in 2019, and is estimated to reach $70.46 billion by 2027, registering a CAGR of 20.2% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.
Growing trend of on-demand transportation and government initiatives for development of smart cities drive the growth of the global smart mobility market. However, threat associated with hacking of data and low rate of internet usage in developing economies restrain the market growth. Furthermore, growing adoption intelligent transport system is expected to provide new growth opportunities for the market player in the near future.
Source
https://www.einnews.com/pr_news/549257068/smart-mobility-market-to-generate-70-46-billion-by-2027-major-companies-strategies-and-new-trends
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