Press Release

Mobility as a Service Market Size will be propelled by Rise of On-Demand Services and the Sharing Economy

Date : Feb 22, 2023

The global Mobility as a Service Market size is predicted to be worth over USD 745.2 billion by 2030, increasing at a CAGR of more than 30.8% between 2022 and 2030, according to Ameco Research

Mobility as a Service (MaaS) is a relatively new concept that is revolutionizing the way people travel. At its core, MaaS refers to the integration of various modes of transportation, including public transit, car-sharing, bike-sharing, ride-hailing, and more, into a single platform that provides users with a seamless and convenient travel experience. The idea behind MaaS is to provide users with a one-stop shop for all their transportation needs, allowing them to easily plan, book, and pay for trips using a single app or platform.

The market for MaaS has expanded fast in recent years, owing to a variety of factors such as rising urbanization, the rise of on-demand services, and shifting consumer tastes. Furthermore, the MaaS market revenue is growing as a result of a number of factors, including increased expenditures on smart transportation infrastructure, the expansion of the sharing economy, and the increased adoption of smartphones and other mobile devices. Overall, the MaaS market value is likely to expand substantially in the future years as more consumers and organizations see the value of integrated, on-demand transportation solutions. However, there are a number of obstacles to overcome, including legal barriers, technological restrictions, and the need for more cooperation and collaboration among many players in the transportation business.

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Global Mobility as a Service Market Growth Factors

•    Increasing urbanization and traffic congestion in cities
•    Rise of on-demand services and the sharing economy
•    Technological advancements in transportation and mobile technology
•    Changing consumer preferences towards more sustainable and convenient travel options
•    Government initiatives and investments in smart transportation infrastructure
•    Growing adoption of electric and autonomous vehicles

Global Mobility as a Service Market Trends        

The Mobility as a Service (MaaS) market is rapidly evolving in response to changing consumer preferences, technological advancements, and government initiatives. One of the key trends in the market is the increasing adoption of electric and autonomous vehicles. As more and more consumers and businesses recognize the benefits of electric and autonomous vehicles, there is a growing demand for MaaS solutions that incorporate these technologies into their platforms. This trend is expected to drive significant growth in the MaaS market over the coming years.

Another trend in the MaaS market is the integration of artificial intelligence (AI) and machine learning (ML) into transportation platforms. By using AI and ML algorithms, MaaS platforms can optimize travel routes, predict demand, and improve the overall user experience. This trend is expected to accelerate as more transportation providers and tech companies invest in AI and ML solutions.

In addition to these technological advancements, the MaaS market is also being driven by government initiatives and regulations. Many governments around the world are investing in smart transportation infrastructure and encouraging the adoption of sustainable transportation solutions, such as electric vehicles and public transit. This is creating opportunities for MaaS providers to partner with governments and other stakeholders to develop innovative solutions that meet the needs of both consumers and the environment.

Mobility as a Service Market Segmentation                                 

According to Ameco Research, the worldwide mobility as a service market is segmented by service type, application OS, transportation type, and vehicle type. By service type, the market is divided into bus sharing, micro mobility, ride-hailing, car sharing, train service, and self-driving car service. By application OS, the market is categorized into iOS, android, and others. By transportation type, the market is classified into private, and public.

Based on the vehicle type, the market is bifurcated into four wheelers, micro mobility, train, and bus. The four wheelers segment is expected to increase significantly in the global market in the coming years, according to the mobility as a service market forecast.

Mobility as a Service Market Regional Outlook   

The worldwide mobility as a service market is broken down into five regions: Latin America, North America, Asia-Pacific, Europe, and the MEA. As per the mobility as a service industry analysis, North America is currently dominating the region, accounting for a significant share of the global market. One of the main reasons for North America's strong position in the market is the region's advanced transportation infrastructure and high level of urbanization. This has created a large and growing demand for MaaS solutions that can provide consumers with convenient and sustainable transportation options in densely populated urban areas.

In addition, North America has a highly developed technology sector, with many of the world's leading tech companies based in the region. This has created a strong ecosystem of technology providers, startups, and investors that are focused on developing innovative MaaS solutions. These companies are leveraging advanced technologies such as artificial intelligence, machine learning, and blockchain to create integrated and seamless transportation platforms that can meet the evolving needs of consumers and businesses.

Mobility as a Service Market Companies

Some of the most notable worldwide mobility as a service market players are Whim (Finland), Beeline Singapore, Deutsche Bahn AG, Citymapper (UK), DiDi Chuxing, Moovel Group, MaaS Global Oy Mobilleo (England), Moovit (Israel), Uber Technologies Inc., SkedGo Pty Ltd, and UbiGo AB.

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