BIS Research Study Highlights the IoT Solutions for Micromobility Market to reach $26.26 billion by 2031
FREMONT, Calif., May 16, 2022 /PRNewswire/ -- The IoTsolutions for micromobility market is projected to reach $26.26 billion in terms of revenue by 2031, at a CAGR of 17.39%, reveals the premium market intelligence study by BIS Research.
- FREMONT, Calif., May 16, 2022 /PRNewswire/ -- The IoTsolutions for micromobility market is projected to reach $26.26 billion in terms of revenue by 2031, at a CAGR of 17.39%, reveals the premium market intelligence study by BIS Research.
- The growth of global IoT solutions for micromobility market is due to the rapidly rising demand for first and last-mile delivery markets and kick scooter-sharing.
- Investment from manufacturers in research and development activities in IoT solutions for micromobility is expected to push the market substantially.
- With the increasing popularity of micromobility vehicles, the global market for IoT solutions for micromobility is also witnessing a boom.