Micromobility Telematics Market Forecasted to Cross $13,010.4 Million Revenue by 2030 says P&S Intelligence
As a result, the global micromobility telematics market value is set to increase from $957.7 million in 2020 to $13,010.4 million by 2030, at a 26.7% CAGR between 2021 and 2030.
- As a result, the global micromobility telematics market value is set to increase from $957.7 million in 2020 to $13,010.4 million by 2030, at a 26.7% CAGR between 2021 and 2030.
- As a result, such service providers are receiving huge investments, a large part of which they are spending on procuring telematics solutions.
- Due to the nationwide lockdowns implemented around the world, the production of conventional and electric two-wheelers, as well as the telematics hardware, has stopped.
- Moreover, movement restrictions have drastically reduced the demand for shared mobility, which has further hurt the revenue streams of micromobility company, thereby limiting their capacity to spend on telematics solutions.