Press release
Booming Construction Activity Drives Growth of the Mobility Data-As-A-Service Market by 2025
Mobility Data As A Service
The valuation of the mobility data-as-a-service sector has experienced rapid expansion recently, projected to rise from $4.88 billion in 2024 to $5.91 billion by 2025, reflecting a compound annual growth rate (CAGR) of 21.1%. This upward trajectory during the tracked timeframe is fueled by several key factors, including a heightened need for streamlined city transportation administration, the broader proliferation of mobile network access, greater adoption of accessible mobility data portals, an intensified concentration on alleviating traffic jams via technological solutions, and augmented capital allocation toward modernizing mass transit systems.
Projected Expansion of the Mobility Data-As-A-Service Market by 2029
Exponential expansion is projected for the mobility data-as-a-service market in the coming years, reaching a valuation of $12.57 billion by 2029, propelled by a compound annual growth rate (CAGR) of 20.8%; this upsurge throughout the projection timeframe stems from the proliferation of electric and self-driving vehicle fleets, the escalating requirement for immediate updates on multi-faceted travel routes, a greater emphasis on achieving carbon-neutral and environmentally sound mobility practices, the broader implementation of platforms that optimize traffic based on data analysis, and the growing necessity for comprehensive, integrated mobility-as-a-service structures. Key developments characterizing this forecast window encompass progress in artificial intelligence and machine learning capabilities, the deployment of sophisticated data analytics to yield instantaneous mobility intelligence, technological breakthroughs in vehicle connectivity, enhancements to frameworks governing data security and user privacy, and the incorporation of large datasets into strategic urban transit planning.
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Growth Drivers Influencing the Mobility Data-As-A-Service Market
Advancements in digital transformation efforts are anticipated to be a key catalyst boosting the mobility data-as-a-service market trajectory as we move ahead. This digital evolution involves integrating digital technologies across an enterprise to refine operational workflows, elevate customer interactions, and foster novel solutions. Competition necessitates that organizations increasingly adopt digital methods to offer speedier, more customized, and frictionless engagement for their clientele. Mobility Data-As-A-Service directly fuels this digital progression by supplying access to mobility intelligence, both current and past, which facilitates more informed choices for municipal planning, transit networks, and commercial entities, thereby streamlining functions, improving traffic flow management and public transport scheduling, and backing inventive data-led approaches in urban movement and supply chain management.
Additional Drivers Sustaining Market Expansion
As an illustration of this commitment to digital progress, the UK's Office for National Statistics reported in July 2024 that the digital infrastructure program secured a substantial $535 million (equivalent to £434 million) in funding by 2022, with further capital injections totaling $907 million (or £736 million) earmarked for the 2023-2025 phase. Consequently, the escalating pace of digital transformation serves as a primary impetus behind the expansion observed in the market for mobility data-as-a-service.
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Key Developments Shaping the Future of the Mobility Data-As-A-Service Market
Key players within the mobility data-as-a-service sector are concentrating efforts on creating sophisticated analytical tools, exemplified by unified taxi data infrastructures, aiming to elevate operational effectiveness, sharpen strategic choices, and curb both fuel usage and ecological impact. These cohesive taxi data frameworks constitute software solutions designed to gather and scrutinize continuous and past information pertaining to aircraft movement on the ground, thereby furnishing valuable perspectives on taxi durations, fuel depletion rates, and ground traffic density. As a concrete illustration, in the month of May 2024, the American aviation software firm known as Blue Systems released its Taxi Data Platform; this platform serves as an all-encompassing analytical instrument that crunches massive datasets derived from global flights, delivering granular metrics covering movements both leaving and arriving at gates, alongside performance evaluations specific to various airports. Furthermore, its integrated predictive modeling and comparison capabilities empower air carriers and managing bodies of airports to pinpoint areas of weakness and fine-tune the processes between securing a gate and reaching the runway, all without requiring manual compilation of information.
Major Segmentation Categories in the Mobility Data-As-A-Service Market
The mobility data-as-a-service market covered in this report is segmented -
By Service Type: Data Collection, Data Analytics, Data Visualization, Data Integration, Other Service Types
By Deployment Mode: Cloud-Based, On-Premises
By Application: Traffic Management, Fleet Management, Urban Planning, Mobility-as-a-Service, Public Transportation, Other Applications
By End-User: Government And Municipalities, Transportation Providers, Automotive, Logistics And Delivery, Other End Users
Subsegments:
By Data Collection: Sensor-Based Data, Traffic Flow Data, Vehicle Telemetry Data, Public Transit Data, Roadside Infrastructure Data, Pedestrian Movement Data
By Data Analytics: Predictive Analytics, Descriptive Analytics, Prescriptive Analytics, Real-Time Analytics, Spatial Analytics, Behavioral Analytics
By Data Visualization: Dashboard Visualization, Geospatial Mapping, Interactive Reports, Infographics, Graphical Analytics, Performance Dashboards
By Data Integration: Cloud-Based Integration, Application Programming Interface Integration, Data Warehousing, Edge Integration, Platform Integration, Enterprise System Integration
By Other Service Types: Data Security Services, Data Governance Services, Data Quality Management, Consulting Services, Custom Mobility Solutions, Support And Maintenance Services
Key Companies Leading the Mobility Data-As-A-Service Market
Major companies operating in the mobility data-as-a-service market are Google LLC; STELLANTIS N.V.; Intel Corporation; Uber Technologies Inc.; AirSage Inc.; Siemens Mobility Holding B.V.; Cubic Transportation Systems Inc.; HERE Global B.V.; Geotab Inc.; TomTom International B.V.; PTV Group; Iteris Inc.; INRIX Inc.; Waze Inc.; TransLoc Inc.; Ridecell Inc.; StreetLight Data Inc.; Teralytics AG; Swiftly Inc.; Otonomo Ltd.
Global Regions Driving Mobility Data-As-A-Service Market Growth
North America was the largest region in the mobility data-as-a-service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobility data-as-a-service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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