Worldwide population growth is causing urbanization to increase at significant rate, which has raised demand for transportation infrastructure. This has also led to a rise in the use of smart mobility solutions. Additionally, the rising need for transportation and rising eco-awareness among consumers are encouraging people to carpool, use cab services, and use ride-sharing services, which is projected to drive market expansion. Additionally, the government's expanding investment in the creation of smart cities is anticipated to fuel market expansion. Electric vehicles are also being introduced to the market, which is predicted to reduce the use of energy resources based on fossil fuels as a result of further technical improvements