Global Smart Mobility Market: Regional Insights
In North America, the global smart mobility market is anticipated to show substantial growth over the forecast future. This can be attributed to rise in production and sales of vehicles, growing infrastructural development across the region, and various other development by service providers for providing better and efficient services. Moreover, the presence of major market players in the region, such as Ford International, and Cisco is also driving the market growth, as these companies have introduced the smart mobility concept in North American countries.
Moreover, Europe is also projected to exhibit robust growth in the global smart mobility market during the forecast period, owing to rise in investment in smart mobility from various investment companies in the region, driving the adoption of this technology. Such initiatives aim at safer and securer transportation modules. Moreover, the major manufacturers in the region are focused on launch of novel autonomous connected vehicles to improve driving experience. These factors are expected to support growth of the global smart mobility market across the region.
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