Market Highlights: —
The global mobility as a service market is expected to register a whopping CAGR of 36% over the forecast period 2017-2013, reports revealed by Market Research Future (MRFR). In its growth, the market is expected to reach approximately USD 253.16 billion by 2023, which will come up with a promising future across the globe. The report encompasses segmental analysis, valuable insights, driving factors behind market growth, competitive analysis and regional distribution analysis.
Mobility as a Service or MaaS is a growing concept that provides new opportunities in the transportation sector by improving customer travel choice and support in transport services. It is a type of transportation service, united into an instinctive mobile application that operates on a digital platform and handles bookings, end-to-end trip planning, electronic ticketing, and payment services across the public and private sector. The system has a broader scope to transform the way of choosing the transportation medium to travel along with providing opportunities for policymakers to secure benefits to improve the traveling experience.
In a nutshell, Mobility as a Service or MaaS is new ways of traveling to the destinations coupled with new ways to pay for transport services with the help of rapid innovations and developments in information technology. The global Mobility as a Service market world has created new impacts on transport services and with the help of driving factors, the market has developed a new travel sensation around the globe.
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Major Key Players
• BMW Group (Germany),
• Alliance Corporation (Canada),
• Apple Inc. (U.S.),
• Xerox Corporation (U.S.),
• Lyft, Inc.(U.S.),
• Uber Technologies Inc. (U.S.),
• MaaS Global (Finland),
• Deutsche Bahn (Germany),
• Daimler AG (Germany),
• Communauto (Canada)
among others, are profiled in MRFR Analysis and are at the forefront of competition in the global Mobility as a Service market.
Some other vendors for involved in MaaS market are Car2go (U.S.), Hailo (U.K.), Bridj (U.S.), Ola (India), Ridepal (U.S.), Make My Trip (India)
According to MRFR, The global Mobility as a Service market is expected to reach approximately USD 253.16 billion by 2023 growing with a 36% CAGR over the forecast period 2017-2023.
The MaaS market is getting benefitted from strategic developments integrated and implemented by major market players. These tactical moves include merger, acquisition, new product launch, research and development, and other methods that take the individual companies ahead in sync with the market expansion.
Ola, in 2018, has taken several steps such as the acquisition of Ridlr, a ticketing app to strengthen their mobility platform with public transportation infrastructure.
Latest news reveals that Uber is in talks with Careem for a big acquisition. Careem is Uber’s biggest Middle East competitor. This acquisition would help Uber in expanding their market reach.
MaaS Global has recently secured a USD 10 million fund to expand their region-based operation in Finland, as well as, in other countries. Their app Whim is the world’s first mobility service provider.
The global Mobility as a Service (MaaS) market is segmented by type, deployment, services, and application platform.
By mode of type, Mobility as a Service market has segments as the public type and private type.
By mode of services, the market has segments as E-hailing services, bike sharing services, car sharing services, pop up bus services, self-driving car services, and others.
By mode of deployment, the market has segments as on-premises and on-cloud.
By mode of the application platform, the market is deployed into the Android platform, iOS platform, and others.
Geographically, the Mobility as a Service market is segmented into four different regions namely North America, Asia Pacific, Europe, and rest of the world.
Europe is witnessing significant growth in Mobility as a Service market owing to the early adoption of Mobility as a Service. Countries such as Germany, Finland, the U.K., and France are contributing substantially to the regional market growth by availing the best of benefits from MaaS.
Additionally, North America is also expected to register a considerable growth with higher CAGR due to robust network infrastructure for the end-users to get benefits from Mobility as a Service market.
In the Asia-Pacific region, the market has seen tremendous growth from countries such as India, China, Japan, Malaysia and more due to increasing urban population index. Smartphone users are quite high in China and India which is, in turn, helping people in getting the MaaS at their fingertip.
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• System Security
• Software investors
• Mobility as a Service solution vendors
• Mobility as a Service Providers
• Network providers
• Transportation providers
• Data providers
• Transport operators
• Transport Tracking
• MaaS Service providers
• Value-added Resellers
LIST OF TABLES
TABLE 1 MOBILITY AS A SERVICE MARKET, BY TYPE
TABLE 2 MOBILITY AS A SERVICE MARKET, BY APPLICATION
TABLE 2 MOBILITY AS A SERVICE MARKET, BY SERVICES
TABLE 3 MOBILITY AS A SERVICE MARKET, BY END-USER
TABLE 4 MOBILITY AS A SERVICE MARKET, BY REGIONS
LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 MOBILITY AS A SERVICE MARKET: BY TYPE (%)
FIGURE 3 MOBILITY AS A SERVICE MARKET: BY APPLICATION (%)
FIGURE 4 MOBILITY AS A SERVICE MARKET: BY SERVICES (%)
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