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Mobility as a Service Market Trends, Outlook, Size, Share, Growth, Regional Analysis and Forecast by 2027




Overview

According to Market Research Future (MRFR), the global mobility as a service market is projected to reach USD 484.20 Billion with 38.9% CAGR from 2017 to 2024 (forecast period). The study outlines the strengths, opportunities, challenges, and potential business risks and provides a detailed description of the global market situation with the effects of COVID-19.

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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 operator works with local fleet operators, transport manufacturers, and government bodies like the department of transportation to ensure the effective functioning of MaaS. MaaS providers also work collaboratively with payment gateway providers to allow customers to subscribe to or use a pay-per-use model.

Competitive Landscape

The mobility as a service market is supported by widespread use of social media and easy availability of funds. The population growth around the world and increasing demand of mobility as a service market based services and products also support the market growth. However, the mobility as a service market growth can be affected due to a poor operational environment. The report covers all such details which will help companies in the mobility as a service market to strengthen their business plan and improve their product portfolio. The mobility as a service market research report also provides company profiles of major companies. The company profile of organizations operating in the mobility as a service market discusses strategies, growth plans, size, revenue, and mergers and acquisition details of top companies in the Mobility as a Service Market Analysis. New entrants and established players can plan their strategies based on this data provided in the mobility as a service market research report.

Key Players

The prominent participants in the global mobility as a service market are 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).

Market Segmentation

The global mobility as a service market has been segmented based on type, service type, business model, and application platform. On the basis of type, the market for mobility as a service is segmented based on public and private. Additionally, the market on the basis of service type, is segmented into car, bus, ride. The global market for mobility as a service is also covered based on business model segment which is further split into business to business, business to customer and peer to peer. On the basis of application platforms, the market for mobility as a service is segmented based on android, ios and others.

Factors like growing demand for mobile applications and low development cost support the mobility as a service market growth. The performance of mobility as a service market has also been studied for the past and current years. Additionally, the mobility as a service market report provides analysis of these segments. The mobility as a service market segmental analysis provided in the report offers major details about the mobility as a service market performance and future.

Regional Analysis

Region-wise, the global mobility as a service market has been segmented into North America, Europe, Asia Pacific, and the rest of the World.

Europe had the highest market share of 38.9% in 2017, and the market is projected to record a CAGR of 37.1% during the forecast period. The market in this region has been further classified as the United Kingdom, Germany, France, and the rest of Europe. The UK led mobility as a service market in 2018, followed by Germany and France. North America was the second-largest market in 2018, estimated at USD 9.63 billion; the market is predicted to record a CAGR of 42.1%. The market in this region has been further classified as the USA, Canada, and Mexico. In 2018, US-dominated global mobility as a service market, followed by Canada and Mexico.

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Posted by on 14. May 2021. Filed under Computer & Software. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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