JUL 19, 2023| Nikita Singh| Joydeep Bhattacharyya
The growing role of Micromobility Vehicles in urban mobility
Transforma Insights’ recent report, 'Micromobility Vehicles: 328 million devices to support the demand for urban mobility in 2032' finds that by 2032, the total number of micromobility vehicle IoT devices will reach around 328 million and the market will grow at a CAGR of more than 50%. Greater China, North America, and Europe will be the three largest markets, and India & South Asia and Sub-Saharan Africa will be the other regions experiencing significant growth. In this blog, we have provided a detailed understanding of why and how micromobility vehicles will play a role in urban environments, in addition to discussing the major challenges threatening the market at present.
region: ALL
Transportation & Storage
Internet of ThingsHyperconnectivity