In response to the growing stresses and demands in urban settings that impact the economy, environment and quality of life; cities across the globe are looking to smart urban mobility infrastructures and services as a solution. According to a new report from Navigant Research, the global market for these services is expected to exceed $25 billion in 2024.
“In an increasingly connected environment, cities have now become the focal point for a range of new mobility tools such as car-sharing, rideshare apps, and advanced traffic management””key elements of a smart city mobility strategy,” says Lisa Jerram, principal research analyst with Navigant Research. “Some cities are now going a step further by connecting different mobility modes to create on-demand, sustainable, and flexible urban transportation systems.”
Navigant Research’s report also explained that these emerging forms of mobility have been made possible through public investment and private enterprise. Along with real-time traffic management, public sharing networks and smart parking systems; additional solutions including car-sharing and ridesharing apps have been implemented to further reduce congestion and emissions, providing on-demand mobility.
The conclusions drawn from the report, Urban Mobility in Smart Cities, were based on an analysis of the markets for car-sharing and rideshare services; public EV charging equipment and services; smart parking systems; congestion charging schemes, advanced intelligent transportation (ITS) and other innovations in transportation infrastructure. By comparing different regions and mobility segments, Navigant Research generates market and revenue forecasts extended through 2024.
To download a free Executive Summary of the report, visit http://www.navigantresearch.com/research/urban-mobility-in-smart-cities.
