What is Smart Mobility and How is it Changing the World? (Guest Blog)By Riley Jordyn On 09/09/2021
The overall impact of technological advances on individuals and businesses has become immeasurable, especially in the last decade. Interconnectedness is now valued as populations grow and as people strive to improve their quality of life. Thanks to these advances, major metropolitan areas around the world have started to transition into smart cities, aiming to use information and communication technologies to develop sustainable practices.
One of the major aspects involved in this transition is the implementation of smart mobility. In fact, data from Report Linker predicts the global smart mobility market size to reach $91 billion by 2026. Moreover, the market will enjoy bright prospects such as supportive government initiatives and increasing demand for transportation support and tech professionals. This goes to show that smart mobility will be making a significant impact on smart city advancements and in today's technological developments as a whole.
What exactly is smart mobility, and what are the benefits we can expect from it?
What is Smart Mobility?
Verizon Connect defines smart mobility as an intelligent transportation and mobility network that is used in daily life and business. Traditional motor vehicles, electric vehicles, public transportation systems, and even on-demand car-sharing programs, such as Uber and Lyft, can all benefit from this particular technology. Rather than using one's own vehicles, efficiency and safety can be promoted through the use of different modes of transportation. Smart mobility can help address concerns around traffic congestion, loss of productivity and money, and even pollution. As we mentioned in our post 'What to Expect from 5G', these connected vehicles will provide the foundation for modern metropolitan areas.
What are the Benefits of Smart Mobility?
• Provides accessibility to public transportation
Smart mobility is based on the concept of Mobility as a Service (MaaS) — it makes modes of public transportation more accessible, reliable, and efficient. Intelligent Transport notes that the development of tools for commuters is being prioritized, such as contactless payment methods, adaptive algorithms that can improve over time and react to unexpected events, as well as platforms that can transmit information to potentially all transit agencies in North America.
• Decreases traffic congestion
Owning a vehicle is initially attractive because of the convenience it poses as compared to a hectic everyday commute. However, the more vehicles there are, the more congested the roads become. The American Transportation Research Institute predicts that congestion costs the U.S. freight sector $74.1 billion annually, and $66.1 billion of this occurs in urban areas. However, smart mobility can now connect traffic lights, respond to real-time traffic, and can connect with other cars to communicate for smoother navigation. This is especially useful to fleet managers, as well as auto and tech companies.
• Promotes sustainability
The rising population and urbanization demand sustainable infrastructure and systems, which smart mobility can provide. Additionally, the high demand for energy grids and smart meters has heightened the requirement for energy utilization control and the development of more sustainable models, such as smart cities. Thanks to the concept of MaaS, intelligent routing, and efficient energy management applications, smart mobility can reduce greenhouse gas emissions and traffic congestion in the city.
The smart mobility sphere is now opening areas of cooperation among its constituents; citizens who are the main consumers of the service, public authorities responsible for its management and implementation, and of course, urban planners and tech professionals who are working to develop systems better. We can expect more professionals to join the industry and anticipate the growth of the smart mobility market in the future years.
Article written by Riley JordynTagged with: smart mobility, benefits, 5G, mobility network, sustainability
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