Internet of Mobility (IoM) creates a unique platform through which companies focus on the development of intelligence mobility systems by connecting the product innovation to inter connect, electrify and automate with the business in order to solve major problems of consumers. Connected mobility has gaining significant popularity which enables on-demand mobility services to transport passenger as well as goods from one point to another.
Rapid urbanization and increased adoption of new
technologies in smart cities for better connected network are likely to boost
the demand for internet mobility during the forecast period. Increased
government spending to build and develop highway infrastructure is a key factor
driving the Internet
of Mobility market. Consumer expectations about seamless,
pain-free, user experiences are rising, and transportation is expected to offer
significant opportunity to internet mobility in the near future. Rising
adoption of autonomous vehicles, e-bikes, and increasing penetration of
internet are likely to boost IoM in the near future. Emerging applications in
modern vehicles and development of new business models are likely to drive the
internet of mobility market during the forecast period.
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The internet of mobility market can be segmented based on
transportation type, end-use, and region. Based on transportation type, the
internet of mobility market can be segregated into passenger transportation and
goods transportation. The goods transportation segment is likely to hold a
major share of the market during the forecast period. Rising adoption of
connected vehicles by fleet operators is a major reason, along with ease of
tracking, better connectivity with expanding infrastructure facilities that is
likely to propel the goods transportation segment during the forecast period.
However, for passenger transport, governments of different countries are
offering attractive incentives policies and hence, the passenger transportation
segment likely to expand during the forecast period.
Based on end-use, the internet of mobility market can be
bifurcated into commercial and personal. The commercial segment is anticipated
to expand at a rapid pace, as connected vehicles are mostly utilized for
transportation of goods and passengers. Consequently, the commercial segment is
likely to hold a major share of the internet of mobility market during the forecast
period. Fleet operators are more incline toward connected vehicles, owing to
enhanced transportation facilities. Moreover, connected vehicle fleets are also
utilized for passenger transport, which are incorporated with latest
technologies for enhanced passenger comfort. Demand for connected vehicles for
personal use is in the nascent stage and it is likely to expand during the
forecast period, owing to consumer preference toward safe and technologically
advanced vehicles.
Based on region, the Internet of Mobility Market can be
segmented into North America, Latin America Europe, Asia Pacific, and Middle
East & Africa. Europe and North America are likely to hold a major share of
the global internet of mobility market, as better infrastructure facilities, higher
adoption of connected vehicles along with the presence of key players in these
regions.
Key players operating in the internet of mobility market are
Automobility,
GSM Association, Robert Bosch GmbH, Bell Canada, HERE Automotive, Deutsche Bahn
Connect GmbH, EVCARD, and Lyft.
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dynamics of the market. It mainly comprises critical assessment of consumers'
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The study strives to evaluate the current and future growth
prospects, untapped avenues, factors shaping their revenue potential, and
demand and consumption patterns in the global market by breaking it into
region-wise assessment.
The following regional
segments are covered comprehensively:
- North
America
- Asia
Pacific
- Europe
- Latin
America
- The
Middle East and Africa
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