The global mobility as a service (MaaS) market encapsulates a transformative approach to urban transportation by integrating various modes of travel into a seamless, user-centric experience. MaaS providers offer a one-stop platform combining public transit, ride-sharing, bike-sharing, and other mobility services, enhancing user convenience. The adoption of smartphones and advancements in digital payment systems further facilitate MaaS utilization. As cities strive for smarter, interconnected transportation ecosystems, the MaaS market is poised for substantial growth.
Data Bridge Market Research analyses that the Global Mobility as a Service (MaaS) Market, which was USD 93.72 billion in 2022, is expected to reach USD 951.23 billion by 2030 and is expected to undergo a CAGR of 33.65% during the forecast period 2023-2030.
"Government support drives the market growth"
Government support worldwide is a pivotal driver in the rapid growth of the mobility as a service (MaaS) market. With a focus on passenger and electric vehicles, governments are actively developing and introducing sustainable transportation modes. Investments in charging infrastructure for electric vehicles, coupled with initiatives to enhance mobility services, contribute to the market's expansion. These collaborative efforts promote eco-friendly and efficient transportation solutions, aligning with the global push toward sustainable mobility.
What restraints the growth of the global mobility as a service market?
"Lack of awareness hamper the market growth"
Insufficient awareness about the long-term costs associated with private vehicle ownership and service usage poses a substantial obstacle to the mobility as a service (MaaS) market. The challenge lies in users' limited comprehension of the overall expenses, hindering the market's potential as individuals may underestimate the financial implications and fail to embrace the economic and environmental benefits of MaaS solutions fully.
Segmentation: Global Mobility As A Service Market
The global mobility as a service (MaaS) market is segmented on the basis of service type, solution, transportation type, vehicle type, application platform, requirement type, organization size, and usage.
- On the basis of service type, the global mobility as a service market is segmented into car sharing, bus sharing, train, ride hailing, bi-cycle sharing, self-driving cars, and others
- On the basis of solution, the global mobility as a service market is segmented into navigation solutions, ticketing solutions, technology platforms, insurance services, telecom connectivity providers, and payment engines
- On the basis of transportation type, the global mobility as a service market is segmented into public and private.
- On the basis of vehicle type, the global mobility as a service market is segmented into four wheelers, bus, train, and micro mobility
- On the basis of application platform, the global mobility as a service market is segmented into IOS, android, and others
- On the basis of requirement type, the global mobility as a service market is segmented into first and last mile connectivity, off-peak and shift work commutes, daily commuter, airport or mass transit stations trips, inter-city trips, and others
- On the basis of organization size, the global mobility as a service market is segmented into large enterprises and small and medium size enterprises (SMES)
- On the basis of usage, the global mobility as a service market is segmented into commercial and personal.
Regional Insights: North America dominates the Global Mobility As A Service Market
North America dominates the global mobility as a service (MaaS) market, and this trend is poised to persist during the forecast period. The region's supremacy is attributed to users' widespread adoption of EMV chips, facilitating secure and efficient payments and transactions. As North America continues to embrace MaaS solutions, deploying advanced payment technologies reinforces its stronghold, ensuring sustained growth and dominance in the evolving mobility services landscape.
Asia-Pacific is expected to dominate during the forecast period from 2023 to 2030. The region's growth is propelled by increasing internet penetration and the widespread use of mobile data for diverse applications, encompassing social media and mobile banking. This trend reflects a dynamic shift towards digital connectivity, fostering the expansion of MaaS solutions in the Asia-Pacific region as people increasingly rely on digital platforms for a range of services.
Recent Developments: Global Mobility As A Service Market
- In April 2019, Mobilleo launched a wireless hailing ride option, connecting users seamlessly with nearby car or taxi services. Its collaborative approach involves partnering with multiple global ride-hailing services, enhancing accessibility and convenience for users
- In May 2020, Global Mobility Oy, in collaboration with Enfuce, introduced a groundbreaking payment mode for Mobility as a Service (MaaS). This initiative facilitated card payments through a mobility app, marking a significant development with the introduction of Mastercard prepaid cards and contributing to the growth of the MaaS market
To know more about the study, visit https://www.databridgemarketresearch.com/ar/reports/global-mobility-as-a-service-market
The Prominent Key Players Operating in the Global Mobility As A Service Market Include:
- Avis budget group (U.S.)
- car2go NA, LLC (U.S.)
- Beijing Xiaoju Technology Co, Ltd. (China)
- Mobiag (Portugal)
- movmi Shared Transportation Services Inc. (Canada)
- Uber Technologies Inc. (U.S.)
- ANI Technologies Pvt. Ltd. (India)
- Lyft, Inc. (U.S.)
- Careem (U.A.E.)
- Bolt Technology OÜ (Estonia)
- Gett (U.K.)
- HERTZ SYSTEM, INC. (U.S.)
- Aptiv (Ireland)
- Enterprise Holdings Inc. (U.S.)
- MOBIKO (Germany)
- Europcar (France)
- Curb Mobility (U.S.)
- BlaBlaCar (France)
- Wingz (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global mobility as a service market companies, contact: https://www.databridgemarketresearch.com/ar/contact
Research Methodology: Global Mobility As A Service Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
