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Smart Mobility Market to Reach $70.46B by 2027, Transforming Urban Transport at 20.2% CAGR

  • The global smart mobility market is projected to reach $70.46 billion by 2027, growing at a CAGR of 20.2%.
  • Smart mobility involves using different means of transportation to travel without personal vehicles, aiming to address traffic congestion and pollution.
  • The rise in on-demand transportation services and government initiatives for smart cities drive the growth of the smart mobility market.
  • North America currently dominates the market, but Asia-Pacific is expected to exhibit the highest CAGR due to collaborations and adoption of innovative technologies.

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