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Mobility-As-A-Service Market to Grow by USD 270.8 Million (2025-2029), Rising Use of Smart Connected Devices Boosts Market, Report on How AI Is Driving Market Transformation – Technavio

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NEW YORK, Feb. 7, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global mobility-as-a-service market size is estimated to grow by USD 270.8 million from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 25.4%  during the forecast period. Increase in use of smart connected devices is driving market growth, with a trend towards ride-sharing platforms and automotive companies exhibiting interest in maas. However, poor connectivity of devices  poses a challenge. Key market players include Aptiv Plc, Avis Budget Group Inc., Beeline.com Ltd., Bolt Technology OU, Communauto Group, Enterprise Holdings Inc., Europcar Mobility Group SA, GoEuro Corp., Greenlines Technology Inc., GT Gettaxi UK Ltd., Hertz Systems Ltd. Sp. Z.o.o, Lyft Inc., MaaS Oy, Mercedes Benz Group AG, Mobius Mobility LLC, Movmi Shared Transportation Services Inc., Sway Mobility Inc., Tranzer BV, and Uber Technologies Inc..

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Mobility-As-A-Service Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 25.4%

Market growth 2025-2029

USD 270.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

19.9

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 34%

Key countries

US, China, Germany, Canada, Japan, UK, India, France, South Korea, and Italy

Key companies profiled

Aptiv Plc, Avis Budget Group Inc., Beeline.com Ltd., Bolt Technology OU, Communauto Group, Enterprise Holdings Inc., Europcar Mobility Group SA, GoEuro Corp., Greenlines Technology Inc., GT Gettaxi UK Ltd., Hertz Systems Ltd. Sp. Z.o.o, Lyft Inc., MaaS Global Oy, Mercedes Benz Group AG, Mobius Mobility LLC, Movmi Shared Transportation Services Inc., Sway Mobility Inc., Tranzer BV, and Uber Technologies Inc.

Market Driver

The Mobility-as-a-Service (MaaS) market is booming, with transportation trends like ride sharing, car sharing, bike commuting, and public transport at its core. Technology plays a crucial role, with smart cities, trains, and wireless connection enabling real-time journey planning and payments. Consumers seek trust and convenience, driving the adoption of smartphones for ticket purchasing and traffic management in congested areas. Government support for green cities and electric vehicles, along with charging stations and infrastructure development, are key factors. 5G and 4G LTE from telecoms enhance connectivity, while energy-efficient and cost-efficient transportation modes like commercial and private vehicles, and public transport, gain popularity. Innovations like RMVgo app for ticket purchasing, taxis, car-sharing, scooters, and bike-sharing, address consumer needs. Health crises and travel patterns influence funding uncertainty for public transport operators. Trust, time savings, and carbon dioxide reduction are primary benefits. Infrastructure development, including parking management and accident prevention, is essential for business growth. 

Several car-hailing and sharing companies, such as Uber and Daimler AG’s subsidiary Moovel, are expanding their offerings to include Mobility-as-a-Service (MaaS) solutions. Uber aims to develop its mobile app into a multimodal platform, integrating car-hailing, bike-sharing, and public transit networks. Daimler AG, BMW AG, and others are also investing in MaaS platforms, with Daimler’s Moovel Group providing MaaS mobile apps since 2015. Uber’s acquisition of JUMP Bikes in 2018 is part of this trend, as companies seek to offer comprehensive, seamless mobility solutions to consumers. 

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 Market Challenges

The Mobility-as-a-Service (MaaS) market faces several challenges in the transportation sector. Population growth and urbanization increase the demand for efficient and sustainable transportation solutions. Technology plays a crucial role in addressing this need through ride-sharing, car-sharing, bike commuting, and public transport. However, consumer trust is essential for the success of MaaS. Technology challenges include wireless connection and internet connectivity requirements for smartphones, 5G and 4G LTE for real-time journey planning, and traffic jams that hinder timely travel. Parking management, accidents, and government support are also significant issues. Electric vehicles and charging stations, infrastructure development, and the integration of transportation modes are key to creating energy-efficient and cost-efficient solutions. Trust in MaaS providers, ticket purchasing through apps like RMVgo, and the integration of commercial and private vehicles are essential for business development. Public transport operators must adapt to changing travel patterns and funding uncertainty. Smart cities, green cities, and awareness campaigns are necessary to promote the use of MaaS and reduce carbon dioxide emissions. Traffic congested areas, health crises, and the integration of taxis, scooters, and bike-sharing are additional challenges that MaaS providers must address to provide a seamless and convenient transportation experience for consumers.In the Mobility-as-a-Service (MaaS) market, connected transportation devices pose significant challenges in terms of power consumption and Internet bandwidth. Seamless connectivity for multiple devices requires high-bandwidth networks. Transportation devices, such as vehicles equipped with sensors, demand expensive Internet connections to manage and transfer data efficiently. Vendors must implement MaaS solutions that optimize bandwidth usage through network traffic management systems. Retrieving data from cloud-based systems necessitates higher bandwidth for quicker data transfer.

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Segment Overview 

This mobility-as-a-service market report extensively covers market segmentation by  

ServiceRide HailingCar SharingOthersVehicle TypeCarsBusesTwo-wheelersGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth AmericaSolutionTechnology PlatformsPayment EnginesNavigation SolutionsTicketing SolutionsInsurance ServicesApplicationPersonalized Application ServicesJourney ManagementJourney PlanningFlexible Payments & Transactions

1.1 Ride hailing-  Ride-hailing services, such as Uber and Lyft, offer flexible and affordable transportation solutions for consumers through mobile apps. The increasing cost of owning a private car and limited parking space have led to a in ride-hailing usage. These services reduce waiting times, offer real-time location updates, and provide advanced pricing algorithms for better customer experience. Millennials, in particular, are embracing this convenient and user-friendly mode of transportation. Urbanization and rising disposable income are further fueling the growth of the ride-hailing segment in the mobility-as-a-service market. Major players are investing heavily in advertising to increase brand awareness, making ride-hailing an attractive option for consumers. These factors are expected to drive the growth of the ride-hailing segment significantly during the forecast period.

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Research Analysis

The Mobility-as-a-Service (MaaS) market is revolutionizing the way we move around cities, integrating various transportation modes into a single, seamless experience. With an increasing global population and a growing awareness of the need for sustainable transportation, MaaS is gaining traction. Ride sharing and car sharing are key components, but bike commuting and public transport, including trains, also play a significant role. Smart cities are embracing MaaS to reduce carbon dioxide emissions and improve infrastructure utilization. Technology, such as 5G and 4G LTE, enables real-time journey planning, payments, and connectivity on the go. Consumers seek trust and convenience, with Wi-Fi and journey planning being essential features. Commercial vehicles and electric vehicles are also part of the MaaS ecosystem. Government support and infrastructure development are crucial for the market’s growth. Despite the benefits, challenges like consumer awareness, trust, and accidents remain. Providing a comprehensive MaaS solution that caters to all transportation needs while ensuring safety and sustainability is the future of urban mobility.

Market Research Overview

The Mobility-as-a-Service (MaaS) market is revolutionizing transportation by integrating various modes of travel into one seamless experience. Technology plays a crucial role in this transformation, with smartphones, wireless connection, and internet connectivity enabling real-time journey planning and ticket purchasing. Population growth and urbanization have increased the demand for efficient transportation solutions, leading to the rise of ride-sharing, car-sharing, bike commuting, and public transport. Electric vehicles and charging stations, along with infrastructure development for 5G and 4G LTE networks, are essential components of the green city vision. Trust is a significant factor in consumer adoption, with safety concerns around accidents and parking management. Government support, energy efficiency, and cost efficiency are also key considerations. MaaS encompasses various transportation modes, including trains, buses, taxis, and commercial and private vehicles. Infrastructure development, traffic congestion, and travel patterns are critical factors influencing the market’s growth. Funding uncertainty and health crises pose challenges, but the potential for business development and the provision of energy-efficient and cost-effective solutions make MaaS an exciting and evolving industry.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ServiceRide HailingCar SharingOthersVehicle TypeCarsBusesTwo-wheelersGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth AmericaSolutionTechnology PlatformsPayment EnginesNavigation SolutionsTicketing SolutionsInsurance ServicesApplicationPersonalized Application ServicesJourney ManagementJourney PlanningFlexible Payments & Transactions

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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RSPO Launches New Guidance to Leverage Sustainable Palm Oil Certification for IFRS® Sustainability Disclosure Standards

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KUALA LUMPUR, Malaysia, July 23, 2026 /PRNewswire/ — The Roundtable on Sustainable Palm Oil (RSPO) has released a guidance document, “Leveraging RSPO Principles and Criteria for IFRS® Sustainability Disclosure Standards”. This new resource supports certified sustainable palm oil producers to align their sustainability practices with the IFRS S1 and IFRS S2 disclosure standards that serve as the global framework for reporting sustainability-related financial information.

As more than 30 jurisdictions, representing around 60% of global GDP, move towards adoption of the IFRS Sustainability Disclosure Standards (IFRS SDS), companies are increasingly required to disclose how sustainability-related risks and opportunities affect their financial position and prospects.1

This resource provides a practical pathway for palm oil producers to respond to these requirements by leveraging their existing compliance with the RSPO Principles and Criteria (P&C), without duplicating efforts or creating parallel systems.

Informing investor-relevant disclosures: A four-step approach

Certification and the IFRS SDS serve different purposes. This guidance, developed with support from PwC Malaysia, provides a practical bridge between operational sustainability practices and financial disclosure expectations by helping members translate certification-related topics, metrics, and evidence to inform investor-relevant disclosures.

It sets out a four-step approach to IFRS SDS-aligned reporting, guiding RSPO Members on applicability, reporting boundaries, identification of sustainability-related risks and opportunities, and links to financial performance. It also includes seven practical examples, illustrating how the RSPO P&C requirements and implementation evidence can inform disclosures across key sustainability topics, from ethical conduct and legal compliance to environmental protection and worker health and safety.

Beyond growers, the guidance document also supports financial institutions by helping banks, insurers, and investors understand how palm oil sustainability issues, such as labour disputes and traceability gaps, can translate into financial risks, impacts, and opportunities, enabling clearer risk profiling and more informed financing decisions.

Joseph D’ Cruz, RSPO Chief Executive Officer, said: “As sustainability reporting becomes an integral pillar of financial performance, this guidance bridges certification and disclosure, providing RSPO members with a practical framework to demonstrate sustainability performance in ways that resonate with global capital markets. In line with the growing importance of sustainability disclosures in financing and investment decision-making processes, this guidance illustrates how RSPO Principles and Criteria practices can complement an organisation’s strategy and risk assessment processes.”

Andrew Chan, Partner, Sustainability Leader at PwC Malaysia, said: “This guidance responds to the broader shift towards measuring sustainability through a financial lens, with the adoption of the IFRS Sustainability Disclosure Standards (IFRS S1 and IFRS S2). For RSPO growers, this creates an opportunity to demonstrate how sustainability practices contribute to business resilience as well as value creation — building investor confidence for the long term.”

Importantly, the guidance also reflects RSPO’s longer term interest in progressively strengthening linkages with sustainability disclosure frameworks. As disclosure expectations continue to evolve, RSPO intends to further explore how certification-related data metrics and assurance processes can support broader and more integrated sustainability disclosures in the future.

The Guidance Document can be downloaded here.

For more information, visit www.rspo.org 

About RSPO:
The Roundtable on Sustainable Palm Oil (RSPO) is a global partnership to make palm oil sustainable. Formed in 2004, the RSPO is a multi-stakeholder non-profit organisation that unites members from across the palm oil value chain, including oil palm producers, palm oil processors and traders, consumer goods manufacturers, retailers, banks and investors, environmental or nature conservation non-governmental organisations (NGOs), and social or developmental NGOs.

As a partnership for progress and positive impact, the RSPO facilitates global change to make the production and consumption of palm oil sustainable. To inspire change, we communicate the environmental and social benefits. To make progress, we catalyse collaboration. To provide assurance, we set the standards of certification.

The RSPO is registered as an international association in Zurich, Switzerland, with main offices in Malaysia and Indonesia, and offices in China, Colombia, Netherlands, United Kingdom and the United States. 

About PwC:
At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We’re a tech-forward, people-empowered network with more than 364,000 people in 136 countries and 137 territories. Across audit and assurance, tax and legal, deals and consulting, we help clients build, accelerate, and sustain momentum. Find out more at www.pwc.com

1

IFRS Foundation, ISSB Podcast February 2025

 

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SOURCE Roundtable On Sustainable Palm Oil

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Nordic Capital announces agreement to sell ArisGlobal to Dassault Systèmes, following its transformation into a scaled and AI-enabled life sciences platform

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WALTHAM, Mass., 23 July 2026 /PRNewswire/ — Nordic Capital today announced that it has entered into a definitive agreement to sell ArisGlobal, a leading provider of software to the life sciences industry, to Dassault Systèmes (Euronext Paris: FR0014003TT8) (Paris: DSY.PA). The transaction represents a full exit for Nordic Capital and marks the successful culmination of a partnership that has transformed ArisGlobal into a scaled, cloud-native and AI-enabled platform serving more than 200 life sciences companies, CROs and government health authorities worldwide.

Founded in 1989 and headquartered in Waltham, Massachusetts, ArisGlobal develops and delivers regulatory, safety, and quality software to a global client base that includes many of the world’s largest pharmaceutical and biotech organisations, as well as regulatory authorities. Its flagship LifeSphere® platform is a fully integrated, cloud-native suite that enables life sciences organisations to manage complex regulatory submissions, pharmacovigilance workflows and clinical data on a single platform, improving compliance, speed and operational efficiency. The platform also embeds advanced AI-enabled automation across core pharmacovigilance workflows, reducing manual processing and accelerating safety case management.

“Nordic Capital invested in ArisGlobal because the business had strong fundamentals, a loyal blue-chip client base and significant potential to modernise its technology and scale its commercial reach. Working closely with Aman and his team, Nordic Capital has supported the company’s transformation into a leading cloud-native platform for the life sciences industry with differentiated AI-enabled capabilities and a strengthened market position. Nordic Capital is proud of what has been achieved together with management and looks forward to seeing the company continue to grow under Dassault Systèmes ownership,” said Daniel Berglund, Partner and Head of Healthcare, Nordic Capital Advisors.

Nordic Capital first invested in ArisGlobal in 2019, partnering with the founding family and management team to pursue an ambitious development strategy. In 2021, Nordic Capital made a further investment in the company, reflecting its conviction in ArisGlobal’s growth potential and the progress achieved since the original partnership began. Throughout the ownership period, Nordic Capital worked closely with management to accelerate the SaaS transition, professionalise the go-to-market organisation, broaden the product offering and strengthen the leadership team.

The migration to a modern, cloud-native architecture created the foundation for ArisGlobal to become an early leader in the application of AI to drug safety. A key milestone was the development and launch of NavaX, ArisGlobal’s generative AI solution for safety case processing, which automates and accelerates core pharmacovigilance workflows and has been adopted by a number of the world’s leading pharmaceutical companies. NavaX has further differentiated ArisGlobal’s offering and marked an important step in the Company’s evolution into a broader, AI-enabled safety and regulatory software platform.

“The life sciences industry is at an inflection point as regulatory complexity is increasing, data volumes are growing and our clients need software that can keep pace. The partnership with Nordic Capital gave us the resources and the runway to build exactly that. NavaX and our expanded platform are the result of that ambition, and I am confident we are well placed for what comes next,” said Aman Wasan, CEO, ArisGlobal.

Alongside its technology transformation, ArisGlobal strengthened its management team and commercial organisation, while two strategic acquisitions broadened the Company’s platform capabilities. Today, ArisGlobal serves more than 200 enterprise customers, including half of the world’s top 50 biopharma companies, processes more than 12 million safety cases annually and is expected to generate approximately USD 175 million in revenue in 2026. As rising regulatory complexity and increasing volumes of adverse event reporting continue to drive demand for advanced life sciences software, ArisGlobal is well positioned for future growth through solutions that automate compliance workflows, reduce manual processing and enable organisations to manage regulatory risk more effectively.

The transaction brings together ArisGlobal’s leadership in AI-enabled safety and regulatory software with Dassault Systèmes’ capabilities across research, clinical development and manufacturing. Nordic Capital believes the combination represents a highly compelling strategic fit, pairing complementary capabilities to create a broader, end-to-end offering across the life sciences value chain. ArisGlobal will also benefit from Dassault Systèmes’ global scale, customer reach and investment capacity, providing a strong platform for its next phase of innovation and growth.

The transaction is subject to customary regulatory approvals and is expected to close in the second half of 2026.

Evercore and Jefferies LLC acted as financial advisors to ArisGlobal and Kirkland & Ellis acted as legal advisor to ArisGlobal.

Media contacts:

Nordic Capital
Katarina Janerud
Communications Manager, Nordic Capital Advisors
+46 8 440 50 50
katarina.janerud@nordiccapital.com

ArisGlobal
Morgan Scott
Vice President, Marketing & Communications and Chief of Staff
mscott@arisglobal.com

About ArisGlobal

ArisGlobal is a leading provider of software to the life sciences industry. Its LifeSphere® platform delivers integrated regulatory, safety, and quality solutions to more than 200 life sciences companies, CROs and government health authorities worldwide. Founded in 1989 and headquartered in Waltham, Massachusetts, ArisGlobal combines deep domain expertise with advanced technology to help clients improve compliance, accelerate development cycles and manage regulatory complexity at global scale. For more information, visit www.arisglobal.com.

About Nordic Capital

Nordic Capital is a leading international private equity investor and subsector specialist dedicated to building stronger, more resilient businesses through transformative, long-term growth in partnership with management teams. With over 35 years of experience, Nordic Capital currently manages approximately EUR 39 billion in assets, investing in middle-market companies across Northern Europe and North America. Rooted in its Nordic heritage and values, it combines global reach with local presence through dedicated sector investment advisory teams, bringing deep expertise across its core sectors: Healthcare, Technology & Payments, Financial Services, and Services & Industrial Tech. Through active ownership, strong operational capabilities, a global network of experts and technology-enabled transformation, Nordic Capital helps companies scale, innovate and become sustainable leaders. For more information, visit www.nordiccapital.com or connect on LinkedIn.

“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”.

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Cognizant and Gulf Edge Announce Strategic Partnership to Accelerate Enterprise AI Adoption in Southeast Asia

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Partnership combines Cognizant’s global AI engineering capabilities with Gulf Edge’s sovereign digital infrastructure to capture the region’s growing demand for secure, scalable AI solutions.

BANGKOK, July 23, 2026 /PRNewswire/ — Cognizant (Nasdaq: CTSH), a leading AI builder and global technology services provider, and Gulf Edge Company Limited, the digital infrastructure arm of Thai energy and infrastructure conglomerate Gulf Development Public Company Limited (GULF) or Gulf Group, today announced a landmark strategic partnership. The alliance is designed to accelerate enterprise AI adoption and establish a resilient, AI-native digital economy in Thailand and the broader region.

As artificial intelligence (AI) rapidly reshapes industries, economies, and societies worldwide, the partnership aims to establish the foundational ecosystem needed to enable Thailand’s next phase of digital transformation. By combining trusted sovereign digital infrastructure with world-class AI engineering and enterprise transformation capabilities, Gulf Edge and Cognizant will help organizations deploy AI securely, responsibly, and at scale.

The collaboration brings together Gulf Edge’s leadership in digital infrastructure, energy, cloud, and strategic relationships across Thailand’s most important industries with Cognizant’s global expertise in AI, digital engineering, cloud modernization, data, and intelligent operations. Together, the two companies will deliver end-to-end AI capabilities spanning infrastructure, AI platforms, enterprise solutions, systems integration, and managed services.

The partnership will initially focus on accelerating AI adoption across key sectors including banking and financial services, energy and utilities, healthcare, telecommunications, manufacturing, and the public sector. Through industry-specific AI solutions, organizations will be able to improve operational efficiency, enhance customer experience, strengthen decision-making, automate complex business processes, and unlock new opportunities for innovation and growth.

Beyond enterprise transformation, Gulf Edge and Cognizant share a broader ambition of strengthening Thailand’s position as a regional AI hub. The partnership is expected to attract global technology expertise, stimulate investment in advanced digital capabilities, and create high-value employment opportunities across AI engineering, data science, cloud infrastructure, cybersecurity, and digital transformation. The two companies also plan to collaborate with universities, research institutions, technology partners, and public-sector organizations to develop AI talent, promote responsible AI adoption, and foster a sustainable innovation ecosystem for the country.

Mr. Sarath Ratanavadi, Chief Executive Officer, Gulf Development Public Company Limited, said, “Our partnership with Cognizant marks an important milestone in our vision of helping Thailand become an AI-native economy. By combining Gulf Edge’s strengths in digital infrastructure, energy, cloud, and deep understanding of the Thai market with Cognizant’s global expertise in enterprise AI, digital engineering, and transformation services, we are creating a comprehensive platform that enables organizations to adopt AI with confidence and generate measurable business outcomes. Together, we will develop secure, resilient, and future-ready sovereign digital infrastructure while delivering industry-specific AI solutions tailored to the needs of Thai enterprises and public institutions. We believe AI has the potential to transform every sector, creating new opportunities for productivity, innovation, and sustainable economic growth.”

Mr. Ganesh Ayyar, President of Asia Pacific & Japan (APJ), Cognizant, said, “As Thailand works toward its ambition of becoming an AI-native economy, we see this partnership as a meaningful way to help contribute to that vision, not just through the projects we deliver, but by building lasting AI and technology capability inside the country. With Gulf Edge’s market reach and Cognizant’s AI Builder strategy and global delivery capability, we are positioned to deliver transformative outcomes for Thai enterprises across every major sector.”

About Gulf Edge
Gulf Edge Company Limited is the digital infrastructure arm of Gulf Development Public Company Limited, Thailand’s leading energy and infrastructure conglomerate. Gulf Edge is building a robust digital ecosystem, spanning data centers, cloud services, satellite technology, and AI infrastructure, to accelerate Thailand’s digital transformation and position the country as a regional hub for the AI economy.

About Cognizant
Cognizant (NASDAQ: CTSH) is an AI Builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for clients. Its deep industry, process, and engineering expertise enables it to build an organization’s unique context into technology systems that amplify human potential, realize tangible returns, and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.

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SOURCE Gulf Development Public Company Limited (GULF)

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