Cooperative and connected autonomous vehicles (CCAVs) are considered to be a promising solution for addressing congestion and other operational deficiencies, as part of a holistic future mobility management framework. As a result, a significant number of studies have recently been published on this topic. From the perspective of future mobility management, this review paper discusses three themes, which are traffic management, network performance, and mobility management, including congestion, and incident detection using the PRISMA methodology. Three databases were considered for this study, and peer-reviewed primary studies were selected that were published within the last 10 years in the English language, focusing on CCAV in the context of the future transportation and mobility management perspective. For synthesis and interpretation, like-for-like comparisons were made among studies; it was found that extensive research-supported information is required to ensure a smooth transition from conventional vehicles to the CCAVs regime, to achieve the projected traffic and environmental benefits. Research investigations are ongoing to optimize these benefits and associated goals via the setting of different models and simulations. The tools and technologies for the testing and simulation of CCAV were found to have limited capacity. Following the review of the current state-of-the-art, recommendations for future research have been discussed. The most notable is the need for large-scale simulations to understand the impact of CCAVs beyond corridor-based and small-scale networks, the need for understanding the interactions between the drivers of CCAVs and traffic management centers, and the need to assess the technological transition, as far as infrastructure systems are concerned, that is necessary for the progressive penetration of CCAVs into traffic streams.