The global "smart mobility" market – encompassing transportation apps, smart parking solutions and the infrastructure that supports them – is estimated to reach $70.46 billion by 2027, growing between now and then at a CAGR of 20.2%.
The research shows that the main drivers of smart mobility include a rise in popularity of on-demand transportation services, including car and bike share, and government initiatives in support of smart cities. One such initiative the report calls out is a mobility subsidy program implemented in 2019 by Japan's Ministry of Economy, Trade, and Industry (METI) and the Ministry of Land, Infrastructure, Transport, and Tourism (MLIT), which has generated $27.6 million in revenue.
Indeed, the Asia-Pacific region is projected to see the highest growth in the 2020-2027 timeframe, with a projected CAGR of 22.2%, "owing to collaboration of leading market players and adoption of innovative technologies such as RFID," states the report. Currently, North America holds the highest market share and is expected to maintain revenue dominance through 2027.
Despite projected growth, COVID-19 still casts a shadow on the future of the market, with a downfall in 2020 due to stay-at-home orders, and slow growth anticipated for 2021 as well. However, AMR still expects things to turn around "after 2022" with the introduction of more safety measures in ride-sharing vehicles to protect people from the virus, like plastic barriers between the driver and passenger.
Beyond the pandemic, other contributors to slower growth in certain segments of the smart mobility market include low Internet penetration in developing and rural areas, as well as concerns around security and data theft.
According to a new batch of Ookla Speedtest data, median speeds for the satellite broadband service temporarily dipped then climbed again. Meanwhile, the service's burst speeds appear to be on the rise.
Upstream consumption climbed 63% last year as peak usage shifted to business hours and away from a pre-pandemic surge typically seen during prime time. The nature of upstream usage has likely changed forever, OpenVault says.
Today’s access network architecture is under mounting pressure due to a continued surge in the number of connected devices, a proliferation of bandwidth-intensive customer applications and dramatic shifts in usage patterns related to the pandemic, such as work-from-home and e-learning.
Learn why now is the right time for cable operators to build greenfield networks or expand their existing networks with 10G PON, arming customers with high-speed symmetrical broadband. Gain a clear understanding of the drivers impacting the access network and the various approaches being considered to deliver higher speed services. Plus, find out the best practices that operators are employing as they leverage the latest in passive optical technology to future-proof their networks.
Topics to be covered include:
Node + 0 (Fiber Deep)
DOCSIS 3.1, DOCSIS 4.0 (FDX/ESD)
FTTP and 10G PON
Provisioning 10G PON within a DOCSIS B/OSS environment