2023 IoT Prediction Report: IoT Will Redefine Urban Mobility

Internet of Things technology (IoT) will play a key role in overcoming many of the challenges that urban mobility is facing today. That is one of the conclusions in the latest edition of the IoT Predictions Report of Telenor Group, one of the world’s major mobile operators, says the company in a press release. 

As high energy prices contribute to rising inflation and slowed global growth, the uncertainty of the economic outlook is putting pressure on consumers and affecting their spending power and transportation choices.

Flexible solutions

“We see that societal factors are affecting urban mobility patterns more than ever before,” says Mats Lundquist, CEO at Telenor Connexion and Head of Telenor IoT. “This means that demand for flexible, efficient, affordable, and sustainable means of transportation is increasing far too rapidly for companies to meet on their own. Organizations and industries that work together to connect their services across ecosystems will find themselves perfectly placed to benefit from these shifting trends.”

Bye endless traffic jams in company car, hello flexible mobility budget

The average Brussels resident is stuck in traffic for 195 hours every year. 45 percent of Belgians are willing to live closer to work.

Governments around the world are striving to meet greenhouse gas targets, while increased demand for modern alternatives like micro mobility, shared mobility, and the digitalization of public transportation has led to fluctuating mobility preferences in metropolitan areas.

“This report serves to strengthen the argument for the adoption of IoT across the transportation sector,” explains Bengt Nordström, Managing Director of Accenture Strategy and Consulting. “We foresee that manufacturers, service providers and connectivity services will need to collaborate on the implementation of the infrastructure needed in order to keep up with innovative urban behavior.”

Here you can download the report.