Mobility as a Service Market Overview
The Mobility as a Service Market is expected to reach over USD 510.22 Billion by the year 2030 registering a CAGR of 27.74%. Mobility as a Service operation is carried out by integrating various modes of transportation to a single platform with the help of mobile application. Mobility as a service or MaaS is the incorporation of different modes of transport services into a single platform provided in a mobile application that can be accessed on demand. The MaaS operator offers a range of options, such as public transport, ride-, car-or bike-sharing, taxi or car rental/lease, or any combination of these. The MaaS operator works with data service providers to collect real-time weather or traffic information. The research report is a significant source of industry trends, MaaS Industry size, share, SWOT analysis, development investigation, market overview. The technology helps the customer in planning the travel including the various transportation methods and payment details.
Mobility as a Service Market Overview
Mobility As A Service Market is growing rapidly mainly due to the high adoption of online Mobility Services. According to a recent study report published by the Market Research Future, Globally, the market for Mobility As A Service has increased its market growth in recent years and is expected to grow at a rapid pace during the forecast period. The global market of MaaS is forecasted to witness a thriving growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period.
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Increasing online mobility service is a key driver for Mobility as a Service market. Innovation and advancements in online mobility service is a prime factor that drives the growth of the Mobility as a Service market. Mobility as a Service market is evolving across the world. The study shows a recent trend of adopting online mobility service. The high adoption is resulting in an on demand transportation system for Mobility as a Service market. A recent trend in smart technologies is boosting the Mobility as a Service market.
As urban density continues to grow, MaaS provides an alternative way to move more people and goods in a way that is faster, cleaner, and less expensive than current options. By adding more variability into the supply side of transportation, MaaS could transform a relatively inflexible transportation system into one that is significantly more pliable.
Future of MaaS Market:
Future iterations of MaaS should create an integrated system of mobility that is more flexible than the existing transportation network, where supply is aligned with actual demand and where more choices are provided to enable commuters with ways that are easier, faster, cheaper, cleaner, and safer than those currently available. Mobility will shift to a greater extent becoming a service in which physical mobility and digital services merge into a high-quality door-to-door service that meets the users' needs. In the future various transport service chains should work seamlessly together. This means a holistic change in the entire transport system and in the roles of the transport operators.
Competitive landscape
- Daimler AG (Germany)
- Bayerische Motoren Werke AG (BMW) (Germany)
- Deutsche Bahn (Germany)
- Xerox Corporation (US)
- Lyft
- Inc (US)
- MaaS Global Oy (Switzerland)
- GrabTaxi Holdings Pte Ltd (Singapore)
- Beijing Xiaoju Technology Co. Ltd (China)
- Uber technologies inc. (US)
- Communauto (Canada)
- Moovit Inc. (Israel)
- ANI Technologies Private Limited (India)
- Bridj Pty Ltd (Australia)
- JapanTaxi Co. Ltd (Japan)
- and Wiwigo (India)
Segment overview
By Service Type
- Ride-Hailing
- Car Sharing
- Micro mobility
- Bus Sharing
- Train Services
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By Solution Type
- Technology Platforms
- Payment Engines
- Navigation Solutions
- Telecom Connectivity Providers
- Ticketing Solutions
- Insurance Services
By Transportation Type
- Public
- Private
By Vehicle Type
- Micro mobility
- Four-wheelers
- Buses
- Trains
By Application Type
- Personalized Application Services
- Journey Management
- Journey Planning
- Flexible Payments Transactions
By Operating System
- Android
- iOS
- Others (Linux, Symbian OS, Blackberry OS, Windows, and KaiOS)
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By Business Model
- Business-to-Business
- Business-to-Consumer
- Peer-to-Peer
By Region
- Asia Oceania
- Europe
- North America
- Rest of the
Regional analysis
The Mobility as a Service market is expected to witness booming growth in the countries like North America, Europe, Asia-pacific. Among these countries, Europe is significantly focusing on developing solutions and services that are eco-friendly. They are thriving to reduce carbon emissions and introducing electric vehicles across the country. The economic conditions of these countries and the changing preference of consumers and riders have positively impacted the Mobility as a Service market in recent years.
Table Of Content
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 15
2 MARKET INTRODUCTION
2.1 DEFINITION 16
2.2 SCOPE OF THE STUDY 16
2.3 RESEARCH OBJECTIVE 16
2.4 MARKET STRUCTURE 16
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 17
3.2 PRIMARY RESEARCH 18
3.3 SECONDARY RESEARCH 19
3.4 MARKET SIZE ESTIMATION 19
3.5 FORECAST MODEL 21
3.6 LIST OF ASSUMPTIONS 22
4 MARKET DYNAMICS
Continued...
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