The convergence and expansion of the transportation and communication industries are driving market growth. Other significant reasons boosting Mobility as a Service (MaaS) market growth include rapid urbanisation, smart city efforts, increased 4G/5G infrastructure penetration of smartphones, an overall increase in demand for mobility services, and the desire to minimise CO2 emissions.
Mobility as a Service (MaaS) is a form of service that provides a single digital channel via which consumers may plan, book, and pay for a variety of mobility services. The growing emphasis on the adoption of a user-centric approach to mobility services as an integrated system is accelerating the spread of the MaaS paradigm.
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According to statistics, 55% of the world population presently lives in cities, and estimations show that roughly 68% of the population will live in cities by 2050. Traffic congestion is already a result of the increasing rate of urbanisation. The Mobility as a Service (MaaS) concept may appear to be a superior alternative for controlling traffic congestion by making greater use of existing public and private transportation infrastructure. The critical need for effective solutions to transport traffic in smart cities in a faster, less costly, and more convenient manner is expected to drive the Mobility as a Service (MaaS) market growth through 2027.
The ride-hailing category is expected to develop at the fastest pace of 26.6% through 2028, owing to global adoption of ride-hailing at all levels, ranging from corporations to personal needs. Furthermore, cashless purchases and guaranteed pickup services are encouraging segmental growth. According to vehicle type, the passenger vehicles category is expected to increase at the fastest pace of 25.2% through 2028 due to rising product consumption and market rivalry among vendors. For example, Uber and Ola provide consumers a variety of transportation alternatives, ranging from sharing to rentals, and from little & microcars to sedans and SUVs.
During the projected period, the car-sharing category is predicted to have the second-largest market share. Consumer tastes are shifting away from automobile ownership and toward a more inexpensive and flexible alternative, which is pushing the expansion of the car-sharing industry.
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Furthermore, rising consumer awareness about emissions and traffic congestion is one of the factors contributing to the car-sharing segment’s second-largest position throughout the projection period.
Read market research report, ” Global Mobility as a Service (MaaS) Market segmented By Type (Ride-Hailing, Car Sharing, Taxi Services, Others), By Application (IOS, Android, and Others) By Region – Forecast and Analysis 2022-2028” by SkyQuest
During the projected period, North America is expected to have the second-largest market share. Rising consumer awareness of rising emissions, traffic congestion, and rising fuel prices are the principal factors assisting this area in maintaining its market position. Increasing the usage of e-bike rental and bike-sharing is proven to be more cost-effective for customers who use a traditional cab to work.
The increasing demand for personal mobility as a result of increased urbanization, as well as the decline in automobile ownership, are important drivers driving the expansion of the private transportation segment in the mobility as a service industry. Mobility as a service may make it redundant for a city resident to possess a private automobile in the future, resulting in a major increase in the usage of private transportation services. Furthermore, growing worries about the environmental effect of vehicles are prompting individuals to use ride-hailing and carpooling services offered by MaaS firms. Furthermore, nations with a large proportion of passenger automobiles in ratio to population are primary target markets for MaaS providers because to the availability of vehicles.
User penetration in the MaaS market in Europe and the United States has been lower than in Asia, owing to worries about private data exploitation and local legal constraints. Despite the lower growth rate in comparison to Asia Pacific, the market for the MaaS sector is predicted to have considerable potential for growth in both Europe and North America.
In recent years, there has been an explosion of new transportation possibilities. These transportation choices attempt to meet the demands of movement as well as access to people and commodities in a comprehensive manner. These mobility services, enabled by expanding networking technologies, provide their consumers a more convenient, flexible, and efficient travel experience. Different modes of transportation must be employed to provide a point-to-point transportation service at the lowest possible cost and in the shortest possible time. Passenger vehicles dominate the MaaS industry in terms of vehicle types, as more consumers choose car sharing services, which allow point-to-point transportation and on-demand mobility. In the mobility as a service (MaaS) sector, the bus segment is predicted to grow.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
SkyQuest has segmented the Global Mobility as a Service (MaaS) Market by Type, Application, and Region:
● Global Mobility as a Service (MaaS) Market by Type (Revenue, USD Million, 2021 – 2028)
o Ride-Hailing
o Car Sharing
o Taxi Services
o Others
● Global Mobility as a Service (MaaS) Market by Application (Revenue, USD Million, 2021 – 2028)
o IOS
o Android
o Others
● Global Mobility as a Service (MaaS) Market by Region (Revenue, USD Million, 2021 – 2028)
o North America
U.S.
Canada
o Europe
Germany
France
UK
Italy
Spain
Rest of Europe
o Asia Pacific
China
India
Japan
Rest of Asia Pacific
o Central & South America
Brazil
Rest of CSA
o Middle East & Africa
GCC Countries
South Africa
Rest of MEA
List of Key Players in the Mobility as a Service (MaaS) Market
● Uber Technologies Inc. (US)
● Moovit Inc. (Israel)
● MaaS Global Oy (Finland)
● Citymapper (UK)
● Mobilleo (UK)
● SkedGo Pty Ltd (Australia)
● UbiGo (Sweden)
● Splyt (UK)
● Qixxit (Germany)
● Communauto (Canada)
● Tranzer (Netherlands)
About Us-
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