Digital Lifescapes

The time has come. The global transition to electric vehicles (EVs) is rapidly accelerating, propelled by government initiatives to reduce carbon emissions and mitigate climate change.  As concerns over the environmental impact of traditional internal combustion engine (ICE) vehicles mount, nations worldwide are implementing aggressive policies to spur the adoption of EVs and the deployment of vehicle battery charging infrastructure. According to the latest global market study by Juniper Research, this driving force of progressive government intervention is catalyzing EV transformation growth. Electric Vehicle Market Development Juniper analysts have reviewed the pivotal role government policies are playing in shaping the future of the EV market. They highlight the various incentives, subsidies, and mandates introduced by countries globally to encourage rapid EV adoption. One of the most striking findings from the Juniper Research study is the projected 194 percent growth in the to...

The demand for smart traffic management systems has grown due to rising urban populations and increasing vehicle ownership. With more people and cars concentrated in cities, problems like traffic congestion, air pollution, and greenhouse gas emissions are pressing issues. Since the early 2000s, government leaders have been exploring ways to leverage advances in IoT connectivity, sensors, artificial intelligence (AI), and data analytics to address these transportation challenges. The concept of a Smart City emerged in the 2010s, with smart mobility and intelligent traffic management as key components.  Smart Traffic Management Market Development Concerns about continued climate change, as well as cost savings from improved traffic flow, have further motivated local government investment in these advanced systems. According to the latest worldwide market study by Juniper Research, they found that by 2028, smart traffic management investment will be up by 75 percent from a 2023 figure...

Government decarbonization targets are specific goals set to significantly reduce or eliminate carbon dioxide and other greenhouse gas emissions. These targets are a critical component of global efforts to combat current climate change risks. Governments establish these goals to mitigate the adverse effects of climate change by promoting the adoption of renewable energy sources, enhancing energy efficiency, and sustainable transportation. These targets typically involve setting a timeline with measurable milestones to track progress and ensure accountability toward a cleaner, healthier planet for future generations. Electric Vehicle Market Development With the growing government decarbonization targets, Electric Vehicle (EV) production will increase rapidly this decade. New EV adoption will require a corresponding growth in EV battery output. According to the latest worldwide market study by ABI Research, global EV battery output production will increase nearly six times to 2,585 GWh b...

During 2022, fuel prices increased very quickly, partly due to a number of macroeconomic reasons. In fact, the effects of the global COVID-19 pandemic are still impacting fuel prices, with many oil refineries having reduced capacity due to a prior fall in demand. Those significant events and other trends have created a demand for a growing variety of Electric Vehicles (EVs). While EVs have existed for decades, they really became a viable option for more consumers during the past five years. However, although EVs are suitable for some buyer needs, their usability is constrained by the current availability of battery charging infrastructure. EV Charging Market Development According to the latest worldwide market study by Juniper Research, revenue from electric vehicle charging will exceed $300 billion globally by 2027 -- that's up from $66 billion in 2023. Regardless, the Juniper analysis found that fragmentation in battery charging networks is restricting further EV adoption in some...

Today's supply chain leaders seek to access the most cost-effective road transportation. Deploying configurable and scalable fleet management solutions is enabling the efficient operation of commercial truck and van fleets of all sizes. Digital hardware and software advancements continue to create new use cases and capabilities of telematics to enhance the commercial fleet performance, improve efficiency, and save operating costs. According to the latest worldwide market study by ABI Research, commercial telematics revenues will reach $41.67 billion globally by 2027. Commercial Telematics Market Development The revenue includes hardware telematics units such as Telematics Control Units (TCUs) and subscription fees charged by telematics services vendors for Software-as-a-Service (SaaS) apps. These technology-based solutions could include a broad range of functionalities -- such as vehicle diagnostics, broader data sharing, and real-time data-enabled analytics. This upside growth po...

Mobility as a Service (MaaS) is a rapidly growing transportation offering where people are able to plan, book, and pay for a variety of service types, through a joint digital commerce channel. It is a shift away from expensive personally owned modes of transportation, such as automobiles, towards a low-cost subscription or pay-as-you-go services. It is achieved through the combination of public transport -- such as trains and buses -- as well as private transport, and micro-mobility, including bikes and scooters, to get users from one destination to another. Mobility as a Service Market Development Mobility as a Service users are able to pay for the service provided either on a monthly basis or pay per trip. According to the latest worldwide market study by Juniper Research, Mobility as a Service will generate fuel cost savings of $10.8 billion by 2027 globally -- that's increasing from $2.8 billion in 2022, a growth of 282 percent. Juniper Research anticipates these savings will b...

Urban dwellers have seen shared bikes and scooters popping up around their city. Initially, there was untapped demand. As traffic congestion increased, legacy public transportation couldn't keep up with the needs of a growing population. Micro-mobility operators were eager to expand, paying minimal attention to developing a sustainable business model. However, now they're forced to evolve from 'growth at any cost' strategies. According to the latest market study by ABI Research, by reformulating business models, operations, and strategic goals, shared micro-mobility companies can unleash the potential of a market worth $9 billion in ride revenues by 2030. Micro-Mobility Service Market Development Most service providers have high idle rates and low profitability in several markets, due to a mismatch between vehicle supply and demand. To thrive in the shared micro-mobility market, operators must now optimally relocate or expand operations based on data-driven insights and...

Building on significant advances in disruptive mobile app technology, ride-sharing services have emerged to become a popular means of urban mobility. This is unsurprising given the advantages of ride-sharing options over traditional transport modes, such as buses and more expensive taxis. Innovative ride-sharing platforms enable app users to customize their journeys according to real-time phenomena, such as nearby traffic conditions, time of day, and rider demand. However, this is not to say that ride-sharing services are perfect. The popularity of ride-sharing has resulted in some additional traffic congestion in major cities already struggling to control this issue, while the widespread disruption caused by the pandemic affected most stakeholders within the local transportation value chain. Ride-Sharing App Market Development According to the latest worldwide market study by Juniper Research, ride-sharing spending by consumers globally will exceed $937 billion by 2026 -- that's c...

Given the current trends across the globe, organizations that depend upon the continued growth of personal vehicle ownership will need to consider a plan-B scenario. While some companies will be able to adapt, others may find that their traditional business model has been totally disrupted. According to the latest worldwide market study by Juniper Research, Mobility-as-a-Service (MaaS) will displace over 2.2 billion private car journeys by 2025 -- that's rising from 471 million in 2021. Juniper believes that for MaaS to enjoy widespread adoption, subscription or on-the-go packages need to offer a strong combination of transport modes along with feasible infrastructure changes, high potential for data collection and low barriers to MaaS deployments. Mobility-as-a-Service Market Development The concept of MaaS involves the provision of multi-modal end-to-end travel services through a single platform by which users can determine the best route and price according to real-time traffic ...

Intelligent fleet tracking of commercial vehicles requires online connectivity tools and management software, which enables fleet managers to track driver behavior, as well as vehicle location and route. Asset tracking solutions enable enterprises to track cargo from dispatch to final destination -- with increased transparency and more accurate delivery dates. Commercial logistics is the activity of transporting those goods to customers and involves the tracking of related assets. The Fleet Tracking and Logistics market is now driven by the introduction of new technologies. Edge computing brings computation and some data storage closer to the location where it is needed, therefore improving response times and reducing communication network latency. Fleet Tracking and Logistics Market Development Edge computing is the fusion of cloud-based storage and local computing, where the cloud stores centralized data assets, while locally-connected devices can perform the real-time comput...

Digital ticketing adoption is growing in two core areas -- Mobile ticketing and Online ticketing. A mobile ticketing user is someone who either purchases and/or stores a ticket using their mobile handset for later redemption, at the point of travel, the event venue, the cinema, etc. In contrast, an online ticketing user is typically someone who purchases a ticket online via any Internet-connected device, thereby avoiding the conventional offline ticket purchase process. Digital Ticketing Market Development According to the latest worldwide market study by Juniper Research, users of mobile ticketing will total 1.9 billion by 2023, up from 1.1 billion in 2019. In comparison, the total number of digital ticketing users across mobile, online and wearable channels will reach 2.2 billion by 2023. According to the Juniper assessment, mobile ticketing has become a primary driver of Mobility-as-a-Service (MaaS) -- which is considered as the future of urban transportation-related mobilit...

With rising levels of automobile traffic congestion and its environmental impact, there are now more efforts focused on finding ways to make urban travel more efficient. A catalyst for this change has been the principle of Open Data, which is where cities release as much data as possible about local transport, allowing companies to tailor services that fill gaps in coverage. From this initiative, the concept of Mobility as a Service (MaaS) has evolved. This is primarily conceived as a method of increasing public transit ridership and reducing traffic on the road, thereby enhancing the quality of life for citizens. MaaS Solution Market Development A new study from Juniper Research has found that revenues generated by the use of MaaS platforms, which integrate multi-modal transport services (including buses, taxis, rail and metro), will exceed $11 billion by 2023. This is up from an estimated $100 million in 2018 and is an average annual growth of 156 percent. The new market st...

The online tracking of trailers, containers, rail wagons and cargo boxes is becoming increasingly common in all markets across the globe. New technology, such as the Internet of Things (IoT) and blockchain, will enable more secure automation of this activity. Berg Insight released the findings from their latest global market study. The number of active tracking devices deployed for cargo loading units -- including trailers, intermodal containers, rail freight wagons, air cargo containers, cargo boxes and pallets -- reached 3.7 million worldwide in 2017. Market Development of Cargo Tracking Devices Growing at a compound annual growth rate (CAGR) of 19.6 percent, the number of devices is expected to reach 8.9 million by 2022, according to the Berg Insight forecast. Based upon the current assessment, the tracking solutions market will greatly benefit from a digital transformation. Trailer telematics is the most developed market today, however in terms of installed units the interm...

Managing urban transportation challenges in large metropolitan areas has motivated local government leaders to consider alternative solutions to traditional public transit. More major cities across the globe now have programs in place to test the applications of autonomous vehicle (AV) technologies. According to the latest worldwide market study by Canalys, four cities are leading the way to being prepared for autonomous vehicles. To date, San Francisco is out in front, followed by Shanghai, Singapore and London. These rise to the top of a group of cities that, due to their size and populations, have some of the most complex transport networks in the world. The leaders have a significant need for autonomous vehicles to transform and evolve their transit systems, combined with the ability and desire to make it happen. Autonomous Vehicles Market Development These conclusions come from the recently published Autonomous Vehicle Readiness Index (AVRI), which ranks, weights and score...

The Internet of Things (IoT) has many use cases within the public sector, but none will likely have the positive economic impact of comprehensive smart city initiatives across the globe. A key component of these plans is transportation optimization and enhancement in congested urban areas. Berg Insight released new findings about the growing market for Intelligent Transport Systems (ITS). The market value for ITS deployed in public transport operations in Europe was €1.35 billion in 2015. Growing at a compound annual growth rate (CAGR) of 7.2 percent, this number is expected to reach € 1.91 billion by 2020. ITS Technology Market Development The North American market for public transport ITS is similarly forecast to grow at a CAGR of 8.1 percent from €0.59 billion in 2015 to reach €0.87 billion in 2020. According to the Berg Insight assessment, the market for ITS in public transport is in a growth phase which will continue throughout the forecast period. Increased funds made ava...

Growing safety concerns about driving and traffic accidents, plus the recognition by national governments of the apparent advantages of driverless vehicles, will accelerate the deployment of new services that are assisted by the Internet of Things (IoT) infrastructure. ABI Research anticipates that semi-autonomous systems will lead the market over the next decade, with SAE level 2 and 3 systems accounting for 86 percent of autonomous vehicles shipping in 2026. Higher levels of autonomy will gain traction quickly, representing just under one-third of autonomous vehicles shipping in 2030. Autonomous Vehicle Market Development "Driverless cars will transform the way mobility is consumed, bringing environmental, societal and convenience advantages to the end user," says James Hodgson, analyst at ABI Research . "It also represents a fundamental disruption to the business model that dominated the automotive market for almost one century." ABI now believes that OEM...

Self-driving or autonomous vehicle (AV) technology may improve road safety and reduce traffic accidents -- the vast majority of which are caused by human error -- as well as provide mobility for the elderly or disabled population around the globe. ADAS (Advanced Driver Assistance Systems) are the core elements of AVs and their adoption in production automobiles is increasing rapidly, partly as a result of stringent safety specifications. Autonomous Vehicle Market Development According to the latest worldwide market study by Juniper Research, the annual production of self-driving cars will reach 14.5 million in 2025 -- that's up from only a few thousands in 2020 -- to give a global installed base of more than 22 million consumer vehicles by 2025. The study found that the market adoption of AV technology is likely to accelerate over the next few years, propelled by new regulatory requirements, environmental pressures, and rapid technological developments. The market anal...

Disruption is coming to the traditional freight and parcel delivery sector, enabled in part by the Internet of Things (IoT). Freight as a Service (FaaS) will represent 30 percent of total goods transportation revenues by 2030, according to the latest worldwide market study by ABI Research. The benefits of FaaS -- which are similar in concept to Mobility as a Service (MaaS) -- include cost reductions, resource utilization improvements, and new convergence via the adoption of a 'sharing economy' business model. FaaS streamlines freight and parcel delivery services through new advancements in cargo marketplaces, on-demand transportation, freight brokerage, and ride-sharing. With emerging IoT applications fueling its current growth rate, FaaS revenues are already on track to exceed $900 billion by 2030. FaaS Market Development Opportunities "With an average global air cargo Freight Load Factor of as low as 44 percent and a structural 20 percent long-haul truck cargo ca...

Urban transportation is undergoing a revolution that's being driven by a variety of technologies. They've enabled new and disruptive business models. Recent research findings now indicate more changes are coming. Where there's big change, there's often big opportunities. The emerging category of Mobility as a Service (MaaS), which provides aggregated, single account, on-demand multi-modal transportation services, is quickly gaining momentum. According to the latest market study by ABI Research, global MaaS revenues will exceed $1 trillion by 2030. The anticipated impact on traditional transportation modes -- such as car ownership, buses, trains, taxis, and rental cars -- is causing a reevaluation of the economic foundation for legacy transportation companies. Everything as a Service Market Development "Driverless technology, through the Car as a Service (CaaS) paradigm, will be the defining factor for the success of on-demand mobility, offering consumers th...

Smart Cities are applying Internet of Things (IoT) based solutions. A smart city is an ecosystem that places emphasis on the use of digital technology to drive efficiency for existing social, economic and environmental processes, while developing new, data-driven processes. According to findings from the latest worldwide market study by Juniper Research, smart traffic management and smart parking initiatives will save 4.2 billion man-hours annually by 2021 -- that's equivalent to each city driver saving nearly an entire working day per year. Juniper analysts also found that while the smart city remains a relatively young concept, many metropolitan governments are beginning to recognize the need to improve in terms of competitiveness and quality of life. Moreover, increasing urban populations around the world are creating pressure on city resources, driving the need for new and efficient solutions. Smart City Transportation Juniper’s comprehensive study found that traffic ea...