The market consists of diverse product segments based on type and application:

Type: Bluetooth, Wearable Technology, Mobile Augmented Reality, Wireless Gigabit

Application: Electronic Products, Car, Medical Equipment, Other Recent developments include: Qualcomm announces the launch of a new 5G modem, enabling faster connectivity and reduced latency in mobility devices.

, Apple introduces the latest iPhone with enhanced mobility features, including improved camera capabilities and augmented reality enhancements.

, Motorola Solutions collaborates with Microsoft to integrate mobility solutions with Microsoft's cloud platform for seamless enterprise communication.. Key drivers for this market are: Increased Digital Transformation: Enterprises are embracing digital transformation initiatives, leading to a growing demand for mobility solutions that enhance productivity, collaboration, and remote access.

Proliferation of Smart Devices: The widespread adoption of smartphones, tablets, and wearable devices is fueling the need for robust mobility technology infrastructure.. Potential restraints include: Data Security Concerns: As mobility technology becomes more prevalent, concerns about data security and privacy arise, requiring robust measures to protect user information.

Interoperability Challenges: The integration of mobility technology with existing systems can be complex, leading to interoperability issues and increased costs.. Notable trends are: Advent of advanced technologies like Bluetooth and wearables is driving the market growth.

Smart Mobility Market was valued at USD 80.27 Billion in the year 2024 and is projected to reach USD 304.39 Billion in 2031, growing at a CAGR of 20% from 2024 to 2031.

The Smart Mobility Market is driven by several factors, including the increasing urbanization and traffic congestion, the growing demand for sustainable and eco-friendly transportation solutions, and the advancements in technology such as IoT, AI, and 5G. Governments and cities worldwide are investing in smart mobility solutions to improve traffic management, reduce pollution, and enhance the overall transportation experience. Additionally, the rise of autonomous vehicles and shared mobility services is further driving market growth, offering innovative and efficient transportation options.

This graph shows the percentage of automotive industry profits generated by the new mobility technology segment between 2025 and 2035. It is estimated that this segment will account for about 40 percent of profits produced by the global auto industry in 2035.

The Micro-mobility Market estimated size and share is projected to exceed USD 145.83 billion by 2034, with a forecasted CAGR of 13.5% during the period.

In 2020, the size of the smart mobility market in China reached almost 166 billion yuan. Smart mobility technology includes optimized public transport, car-sharing schemes, and autonomous driving technology. Furthermore, the term also includes intelligent logistics and freight services. It is an important aspect of smart city design.

The mobility as a service market size was projected to be US$ 137.6 billion in 2023. By the end of 2024, the industry is likely to reach a valuation of US$ 185.6 billion. During the forecast period, the global market for mobility as a service is expected to garner a 38.30% CAGR and reach a size US$ 4,739.80 billion by 2034.

2019 to 2023 Historical Analysis vs. 2024 to 2034 Industry Forecast Projections

Country wise Insights

Category wise Insights

Report Scope

Global disabled and elderly assistive technology market size is forecasted to hit $60.84 billion by 2028, from $44.01 billion in 2021 growing at a 5.8% CAGR.

According to Cognitive Market Research, the global Mobility as a Service Market size is USD 5.9 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 32.8% from 2024 to 2031. Market Dynamics of Mobility as a Service Market

Key Drivers for Mobility as a Service Market

Smartphone and Internet Connectivity Expansion - The advancement of smartphone technology and widespread internet connectivity are significantly driving the MaaS market. As smartphones become more affordable and internet access more ubiquitous, consumers can easily access real-time information, book rides, plan journeys, and make payments seamlessly through mobile apps. This convenience and integration capability make MaaS an attractive option for urban commuters and travelers, leading to increased adoption. The integration of various transportation services into a single platform enhances user experience, further propelling market growth.
Government initiatives promoting sustainable transportation solutions are boosting the adoption of Mobility as a Service.

Key Restraints for Mobility as a Service Market

Insufficient infrastructure development and integration hinder the effective implementation of Mobility as a Service solutions.
Diverse and stringent regulations across regions create barriers to the seamless deployment of Mobility as a Service offerings.

Introduction of the Mobility as a Service Market

Mobility as a Service (MaaS) is an innovative transportation model that integrates various forms of transport services into a single accessible on-demand platform. This platform typically includes ride-hailing, car sharing, public transit, bike sharing, and other mobility options, allowing users to plan, book, and pay for multiple types of mobility services through a unified application. MaaS aims to provide a seamless and efficient travel experience by simplifying the user interface and enhancing connectivity across different modes of transport. The market for MaaS is experiencing significant growth driven by factors such as increasing urbanization, the need for efficient and sustainable transportation solutions, and advancements in smartphone technology and internet connectivity. Government initiatives promoting smart city developments and sustainable transport solutions are also propelling the adoption of MaaS. As cities become more congested, the demand for integrated, flexible, and user-friendly transportation options continues to rise, making MaaS a pivotal element in the future of urban mobility.

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Enterprise Mobility Services Market Size 2024-2028

The enterprise mobility services market size is forecast to increase by USD 14.50 billion at a CAGR of 23.88% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing use of mobile devices in enterprises to enhance workforce productivity and efficiency. This trend is particularly prominent in regions with a high adoption rate of digital technologies and remote work arrangements. However, this shift towards enterprise mobility also presents challenges, as privacy and compliance risks become increasingly salient concerns. 
Organizations must ensure that their mobility strategies adhere to regulatory frameworks and address potential vulnerabilities, such as data breaches and unauthorized access. These concerns are further compounded by the proliferation of Bring Your Own Device (BYOD), which blur the lines between personal and corporate data. To capitalize on the opportunities presented by enterprise mobility services while mitigating risks, companies must invest in robust security solutions, including big data and cloud computing, and establish clear policies and guidelines for mobile device usage. This strategic approach will enable organizations to harness the power of mobile technologies to drive business growth and innovation, while safeguarding sensitive information and maintaining regulatory compliance.

What will be the Size of the Enterprise Mobility Services Market during the forecast period?

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The market encompasses a range of solutions enabling businesses to optimize the use of mobile devices, including smartphones, tablets, laptops, and Macs, for organizational communication and productivity. This market is driven by the BYOD trend, fueled by the widespread adoption of cloud technology and increasing internet penetration. The market facilitates remote access options, enabling a mobile workforce to collaborate effectively in industries such as IT and telecom, transportation and logistics, travel and hospitality, and more. Mobile apps are a significant component of the market, providing enhanced functionality and streamlined processes. Digital transformation continues to drive demand for these services, as businesses seek to improve operational efficiency and enhance the customer experience. Security remains a critical consideration in the market, with solutions addressing the unique challenges of managing mobile devices and ensuring data protection.

How is this Enterprise Mobility Services Industry segmented?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Large enterprises
  Small and medium sized enterprises


End-user

  BFSI
  Retail and e-commerce
  IT and telecom
  Healthcare and life sciences
  Government and others


Deployment

  Cloud
  On-premises


Component

  Solution
  Services


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  South America



  Middle East and Africa

By Application Insights

The large enterprises segment is estimated to witness significant growth during the forecast period. These services enable large organizations to enhance communication, collaboration, and productivity among their geographically dispersed workforce. The prevalence of mobile devices and the BYOD trend have made it necessary for businesses to provide secure access to corporate resources, applications, and data from employee-owned devices. This flexibility empowers employees to work remotely, attend virtual meetings, and collaborate in real time, leading to increased operational efficiency and organizational responsiveness. Cloud technology, including cloud-based applications and services, plays a significant role in these services. Security solutions, such as AI-powered authentication mechanisms and cryptographic hash, ensure the cybersecurity posture of these services against phishing attacks and mobile security protocols.

Enterprise mobility software, including workplace mobility services and wearable technologies, facilitate digital transformation initiatives across industries like IT and telecom, transportation and logistics, travel and hospitality, and more. Cloud computing, through Software-as-a-Service, allows for the integration of these services into various business processes, driving innovation and competitive advantage.

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The Large enterprises segment was valued at USD 1.91 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 31% to the growth of the global market d

The smart mobility market size accounted for USD 38.21 Billion in 2020 and is expected to reach USD 148.91 Billion by 2028, with a CAGR of 18.74%.

The shared mobility market offers diverse product types tailored to user needs, including:

Ride-Hailing: On-demand transportation services connecting passengers with drivers via mobile applications.


Car Sharing: Rental services allowing users to access vehicles on a pay-as-you-go basis for short-term use.


Bike Sharing: Shared bicycle systems enabling users to rent bikes from designated stations.


Public Transit: Mass transportation systems like buses and trains providing shared rides for commuters.


Micro Transit: Compact, on-demand transportation services operating on fixed routes or within specific areas.

Recent developments include: March 2023: Lyft and Spin partner to bring Spin scooters to the Lyft app in 60 U.S. markets. This partnership is designed to make it easier for riders to access a variety of Car-sharing options in one place., April 2023: Lyft acquires PBSC Urban Solutions, a global supply leader for bike share equipment and technology. This acquisition is designed to double up Lyft's scale in micro-mobility and to give it a stronger foothold in the international market., August 2023: Uber launches a new feature called "Uber Reserve" that allows riders to book a ride in advance and reserve it for a specific time. This feature is designed to give riders more peace of mind and to help them avoid surge pricing.. Key drivers for this market are: Urbanization and Population Growth: Increasing population density and urban expansion drive the demand for efficient and flexible transportation.

Environmental Concerns: Growing awareness of environmental sustainability promotes the adoption of shared mobility as an alternative to individual vehicle ownership.. Potential restraints include: Regulatory Barriers: Inconsistent regulations and safety concerns can hinder the growth of shared mobility in certain markets.

Competition: Intense competition among market players and the entry of new entrants can impact profitability.. Notable trends are: Subscription-Based Models: Shared mobility providers are introducing subscription-based plans to enhance customer loyalty and revenue generation.

MaaS (Mobility-as-a-Service): The integration of different transportation modes into a single platform, offering seamless multimodal mobility solutions..

With a predicted CAGR (compound annual growth rate) of 27.29% from 2024 to 2031, the managed mobility services market is expected to expand from 6.52 billion USD in 2024 to 33.13 billion USD in 2031. Market size, growth, share

Explore the Mobility As A Service Global Market Report 2025 Market trends! Covers key players, growth rate 20.2% CAGR, market size $494.76 Billion, and forecasts to 2033. Get insights now!

Market Analysis for Managed Mobility ServicesThe global managed mobility services market is projected to reach a valuation of USD 9.04 billion by 2033, expanding at a robust CAGR of 26.29% during the forecast period (2025-2033). This growth is primarily driven by the increasing adoption of bring-your-own-device (BYOD) policies, the need for enhanced security measures to protect sensitive corporate data, and the growing demand for remote work solutions. The market is segmented by technology (mobile device management, application management, security management, support and maintenance) and end-user (healthcare, hospitality, retail, entertainment, transportation). Key trends in the managed mobility services market include the integration of artificial intelligence (AI) and machine learning (ML) for automated device management, the adoption of cloud-based services for improved accessibility and scalability, and the growing popularity of managed mobility as a service (MMaaS) models. Restraints to market growth include data privacy and security concerns, vendor lock-in, and the lack of standardized interoperability between different platforms. Prominent players in this market include Deutsche Telekom AG, Maxis Bhd, IBM Corporation, Vodafone Group PLC, Singtel, Accenture Plc, StarHub, Wipro Ltd., Telefónica S.A., and PLDT. Recent developments include: In Feb 2021, Verizon Communications Inc. announced a partnership with Deloitte to offer joint solutions that combine Deloitte's consulting services with Verizon's MMS offerings. The partnership aims to help clients achieve their business goals by providing customized solutions that address their needs.. Key drivers for this market are: The increasing adoption of mobile devices in the workplace

The need for improved mobile security

The growing demand for cloud-based services

The need for cost-effective and efficient management of mobile devices. Potential restraints include: The complexity of managing mobile devices

The security risks associated with mobile devices

The lack of awareness of the benefits of managed mobility services

The high cost of managed mobility services. Notable trends are: The increasing adoption of artificial intelligence (AI) and machine learning (ML)

The development of new mobile security solutions

The emergence of new cloud-based managed mobility services

The growing demand for managed mobility services by small and medium-sized businesses (SMBs).

This statistic shows the global market for medical assistive technologies in 2016 and a forecast for 2025, in billion U.S. dollars. It is estimated that over this period the market will increase from around 15.4 billion to over 24 billion U.S. dollars.

According to Cognitive Market Research, the Global Assistive Technology market size was XX million in 2023. In the assistive technology market, North America dominates the market. This is the consequence of both the high rate of disability in the area and the development of assistive technologies. Following North America, Europe hold the second largest market share of XX in 2023. Asia Pacific is anticipated to grow at the fastest rate due to the rise in elderly demographics and increasing knowledge and awareness of assistive Mobility devices hold the dominant share in the assistive technology market by capturing almost XX%. These include wheelchairs, scooters, and walking aids. The factor for the rise of mobility devices is the growing aging population. another reason is for rise in chronic conditions such as arthritis and musculoskeletal disorders. According to the Assistive Technology Market, Hospitals and clinics emerged as the dominant player in the industry capturing almost XX% of the market.

Market Dynamics of Assistive Technology

Key Drivers

Aging Population: Problems like chronic health disorders, cognitive decline, and mobility concerns, drivers for assistive technology

Due to the rising world’s population ages, there has been a drastic need for assistive technology. Devices provided under this technology like hearing aids, mobility aids, and vision enhancement devices benefit the elderly. Due to the rising world’s population ages, there has been a drastic need for assistive technology. Devices provided under this technology like hearing aids, mobility aids, and vision enhancement devices benefit the elderly.

With the elderly population, problems like chronic health disorders, cognitive decline, and mobility concerns, there is a vital need for assistive technology. These technologies cover a broad spectrum of gadgets, such as home automation systems, mobility assistance, hearing aids, vision-enhancing equipment, and communication devices. The need for assistive technology is driven by the aging population, as more and more older persons look for creative ways to keep their independence and enhance their general quality of life.

For instance, Embodied Labs was introduced by Carrie Shaw in Los Angeles, California, where they introduced virtual reality headsets. These headsets allow caregivers to adopt the role of an elderly person dealing with a range of conditions, such as Parkinson's, Alzheimer's, and macular degeneration. (source:https://www.embodiedlabs.com/about#:~:text=The%20Embodied%20Labs%20Story,the%20impairment%20for%20the%20caregivers.)

In 2017, there was a unique innovation called Neuro Rehab VR where elderly individuals with neurodegenerative disorders or those undergoing physical rehabilitation after a stroke, brain damage, or spinal cord injury, can benefit from these virtual reality experiences.(source:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7918687/)

Neuro Rehab along with the Research Institute, University of Texas, Arlington developed a virtual reality glove with robot assistance to aid in stroke sufferers' rehabilitation Telehealth platforms and monitoring technologies enable in-person visits to be replaced with remote consultations, evaluations, and follow-ups. This technology can increase access to assistive device fitting, teaching, and assistance, especially in poor areas.(source:https://www.uta.edu/news/news-releases/2019/03/26/utari-neurorehabvr-unthsc)

Technological advancements in Assistive technology are likely to create lucrative opportunities for the market in upcoming years

New opportunities for increased freedom and accessibility are presented by the combination of IoT devices with assistive technologies. For instance, IoT-based AT in smart homes automates processes, tracks health, and improves safety. Another opportunity is seen in Artificial Intelligence accelerating the growth of the assistive technology market.

For instance, the goal of Ohn-Bar's work is to create artificial intelligence (AI) tools that can help people with vision impairments in a way that sounds human. To help visually impaired persons navigate their environment more securely, AI may be used in conjunction with other technology, such as sensors, to send them auditory directions.

The difficulties that conventional solutions have not yet been able to solve are being resolved by these techno...

This statistic displays the compound annual growth rate of the mobility aids and transportation equipment market in the European Union 5 countries forecast from 2007 to 2021. The CAGR of the mobility aids and transportion equipment market is expected to reach 3.7 percent between 2014 and 2021.

The global smart mobility market size is expected to grow from USD 48.7 billion in 2022 to USD 243 billion by 2030, at a CAGR of 19.55% from 2023-2030

The global micromobility platform market size is likely to be valued at US$ 6,320.0 million in 2023. The market is expected to reach US$ 22487.8 million by 2033, expanding at a CAGR of 13.5% from 2023 to 2033.

Scope of the Report

Smart Cities Market size was valued at USD 662.39 Billion in 2024 and is projected to reach USD 1723.92 Billion by 2031, growing at a CAGR of 14.01% from 2024 to 2031.

Global Smart Cities Market Drivers

Urbanization and Population expansion: The need for smart city solutions is being driven by the world’s rapid urbanization and population expansion. In order to support urban living, there is an increasing demand for effective utilities, transportation, infrastructure, and services as more people move to metropolitan regions. Urbanization-related problems can be creatively solved with the help of smart city technologies.
Sustainability and Environmental Concerns: The adoption of smart city technology centered on sustainability and resource efficiency is being driven by growing environmental concerns, such as air pollution, climate change, and resource depletion. In order to limit their influence on the environment and reduce carbon emissions, smart cities incorporate waste management systems, energy-efficient buildings, renewable energy sources, and environmentally friendly transportation options.
Technological breakthroughs: Innovation in smart city solutions is being driven by the rapid breakthroughs in data analytics, artificial intelligence (AI), Internet of Things (IoT), and information and communication technologies (ICT). Real-time data gathering, analysis, and decision-making are made possible by these technologies, which can be used to optimize city operations, enhance resident quality of life, and improve service delivery.
Government Policies, Initiatives, and Funding: Globally, the creation and execution of smart city projects are propelled by government policies, initiatives, and funding assistance. To modernize cities, spur economic growth, and increase citizen satisfaction, numerous governments are investing in smart city infrastructure, pilot projects, and public-private partnerships.