Mobility-As-A-Service Market

Global Mobility-as-a-Service Market is valued at USD 4.68 Billion in 2020 and is expected to reach USD 32.86 Billion by 2027 with a CAGR of 32.1% over the forecast period.

Global Mobility-as-a-Service Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Rapid urbanization around the world and growing recent developments are driving the growth of Global Mobility-as-a-Service Market

Scope of Global Mobility-as-a-Service Market Report–

Mobility-as-a-service (MaaS) is a customer-centric model of transportation, which includes any mode of transport such as car, bike-sharing, taxi and provides customers with everything from travel planning to payment. The growth of the mobility-age-a-service market is due to various benefits such as easy route planning, simplified payments, and personal touch. It allows users to plan trips using multiple modes of transportation, based on intelligent suggestions based on their personal preferences. MaaS has revolutionized the field of transportation, a form of transportation that integrates into a single intuitive mobile application and operates on a digital platform that integrates booking, end-to-end trip planning, electronic ticketing, and more. Payment services in all modes of transport, including the public and private sectors. MaaS also offers alternative solutions for private car owners as it solves inconvenient parts of personal travel such as planning, parking, car maintenance, and more.

However, the increasing demand for more personalized transportation services has created a market and momentum for mobility as a service. Many ingenious mobility service providers, such as carpool and ride-sharing companies, scooter-sharing systems, bicycle-sharing system programs, and car-sharing services, as well as on-demand ""pop-up"" bus services, are moving on the way to mobility as a service. On the other hand, is driven by the expectation of self-driving cars, which raises questions about the financial benefits of buying a personal car using on-demand car services, which are expected to be significantly more affordable when driven autonomously. The shift is further enabled by improvements in the integration of multiple modes of transport in an uninterrupted trip chain, with bookings and payments being managed seamlessly for all stages of the journey. In London, travelers can use a contactless payment bank card (or a dedicated travel card called an oyster card) to pay for their travels. During multiple modes, trips, and payments, data is collected and used to help people travel more efficiently. In government space, the same data allows for informed decisions when considering improvements in regional transition systems.

Covid-19 has shown a negative impact on mobility as a service market. As With the Covid-19 pandemic, there is comprehensive reduction in the use of the shared modes of public transport, rideshare such as Uber, Ola, taxis, bikeshare and carshare modes. This is due to government restrictions that required large numbers of people to stay at home. Thus, pandemic has shut millions of people in their homes & disrupted every part of the transportation domain including MaaS. With mobility down in urban areas and close to zero at many airports, entire industries in MaaS have had to be rescued by government support. So with this with the worst crisis in aviation history, numbers of companies have had to adapt their networks, services and infrastructure; invest in new technologies; and strengthen health and safety protocols. So, all of these expenses have been imposed on the industry while suffering dramatic revenue decline.

However, the industry can learn a lesson from this crisis, that it is the key to recovery & restart with the digital transformation and technology. Thus, after some releases of restrictions, in the new normal, there is upend in new development of Mobility as a Service (MaaS) platforms and growing efforts to include airway tickets into the program. Thus, there is increasing preference for MaaS as it can act as an enabler of new agility in the mobility sector – it brings a much-needed variety to the demand side.

Global Mobility as Service Market Segmentation:–

The Global Mobility as a Service Market is segmented on the basis on service type, solution, transportation, application, vehicle type, operating system, business model, and region & country level. Based on service type, the mobility as a service market is classified as ride hailing, car sharing, micro mobility, bus sharing, and train services. Based on solution, the market is categorized as technology platforms payment engines, navigation solutions, telecom connectivity providers, ticketing solutions, and insurance services. Based on transportation, the mobility as a service market is categorized as private and public. Based on application, the mobility as a service market is categorized as personalized application services, journey management, journey planning, and flexible payments & transactions. Based on vehicle type, the mobility as a service market is classified as micro mobility, four-wheelers, buses, and trains. Based on operating system, the mobility as a service market is categorized as IOS, android, and others. Based on business model, the mobility as a service market is classified as business-to-business, business-to-consumer, and peer-to-peer.

By Service:

• Ride Hailing
• Car Sharing
• Micro mobility
• Bus Sharing
• Train Services

By Solution:

• Technology Platforms
• Payment Engines
• Navigation Solutions
• Telecom Connectivity Providers
• Ticketing Solutions
• Insurance Services

By Transportation Type:

• Public
• Private

By Vehicle:

• Micro mobility
• Four-wheelers
• Buses
• Trains

By Application:

• Personalized Application Services
• Journey Management
• Journey Planning
• Flexible Payments & Transactions

By Operating System:

• Android
• IOS
• Others (Linux, Symbian OS, Blackberry OS, Windows, and KaiOS)

By Business Model:

• Business-to-Business
• Business-to-Consumer
• Peer-to-Peer

Mobility-as-a-Service Companies

Some of the key players for global mobility-as-a-service market are

• Uber Technologies Inc.,
• Lyft, Inc.,
• Alliance Corporation,
• Xerox Corporation,
• Splyt Technologies Ltd.,
• Transit Systems Pty. Ltd,
• OLA (ANI Technologies Pvt. Ltd.),
• Beeline Singapore,
• SkedGo Pty Ltd.,
• Moovel Group GmBH,
• Others.

News-Moovit Launched Emergency Mobilization On-Demand to Help Essential Workers During Covid-19

On April 6^th, 2020; Moovit launched an emergency mobilization on-demand solution which was created for transit agencies and enterprises to use during COVID-19 outbreak to transform vehicle fleets into an on-demand service to help essential workers to their destination without putting their health or others’ health at risk. This service created for with a transportation solution that is adaptable to fast-changing needs.  

Global Mobility as a Service Market Dynamics-

One of the major factors driving the growth of mobility as a service (MaaS) is the rapid urbanization around the world. With each foremost city becoming progressively urbanized, cities are renovating into smart cities, where citizens trust on smart technology and keen mobility for their convenience. According to the World Health Organization (WHO), nearly 50% of the world’s inhabitants live in urban areas, a percentage that is likely to upsurge to approximately 60% by 2025. The snowballing number of cars used by a great section of this population has added to road traffic congestion and parking difficulties in urban areas. This has led to the speedy enlargement of standardized public transport systems. Countries are now emerging numerous projects with a main focus on inter-city public transport systems like light rail, metros, intra-city buses, and high-speed rail. Smart cities, which need MaaS, proposals well-organized solutions to move traffic in a quicker, convenient, and less expensive style. Through the expansion of MaaS, the transportation business is reaching innovative levels of convenience, and people are becoming more reliant on MaaS rather than conventional approaches of transportation.

In addition, growing recent developments across the world is another noteworthy factor contributing to expand the market growth. The masses of companies are developing innovative products as well as sharing skills and expertise with other companies to maintain their value in the market. MaaS Global Oy partnered with Enfuce in May 2020 and in August 2021; Finland’s major fintech startup, unveiled a card payment contribution on its Whim mobility app. The collaboration allowed MaaS Global to issue Mastercard prepaid cards and enlarge its proposing to new markets. Also, Moovit launched an Emergency Mobilization On-Demand solution in April 2020 to aid vital workers throughout the Covid-19 pandemic. Furthermore, Citymapper proclaimed its Citymapper Pass, a subscription to entirely mobility with a smart travel card, assimilated with its multimodal mobility app in February 2019.

Furthermore, growing focus on digitalization and digital payment solution is likely to propel the Mobility as a Service market growth worldwide. However, the lack of availability of technical expertise may hamper the market growth. In spite of that, technological advancements, growing use of autonomous cars and electric vehicles across developing regions will create more opportunities for the further growth of the market.

Asia Pacific is Expected to Witness the Fastest Growth in the Global Mobility as a Service Market

Asia Pacific is expected to witness a fastest growth in the global mobility as a service market due to the increasing urbanization and rising number of smart city initiatives by government in this region. According to The World Bank Data, about 35% of total population lived in urban area in India in 2020. For example; Government of India has a Smart Cities Mission to develop 100 cities across the country making them more sustainable. Also, presence of some of the leading providers and wide production of mobile phones across the region are also supplementing the market growth in this region.

For instance; on October 20^th, 2021, Carzonrent launched the country’s first electric vehicle (EV) mobility-as-a-service platform called plug mobility. The company will further offer clean and sustainable mobility solutions to its clients through a fleet of electric vehicles to create a consistent EV ecosystem and to reduce carbon footprint in the India. This service will provide a chauffeur-driven EV fleet for different ground mobility needs which include business travel, employee transfers, airport taxi, SME services, limo & dedicated fleet, crew transfer along with government & PSU official travel. For example; Recently Moovit announced partnership with Uber to launched real-time traffic management and extending its ride hailing services with new mobility offerings in the market.

North America is also expected to show a significant growth in the global mobility as a service market owing to growing awareness among the consumers regarding rising emission and traffic congestion in this region.

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2027
Market Size in 2020:	USD 4.68 Billion
Base year considered	2020
Forecast Period CAGR %:	32.1%
Market Size Expected in 2027:	USD 32.86 Billion
Tables, Charts & Figures:	175
Pages	200
MaaS Companies	Uber Technologies Inc., Lyft, Inc., Alliance Corporation, Xerox Corporation, Splyt Technologies Ltd., Transit Systems Pty. Ltd, OLA (ANI Technologies Pvt. Ltd.), Beeline Singapore, SkedGo Pty Ltd., Moovel Group GmBH, Others.
Segments Covered	By Service, By Solution, By Transportation Type, By Vehicle, By Application, By Operating System, By Business Model
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits of Global MaaS Market Report–

• Global MaaS Market report covers in-depth historical and forecast analysis.
• Global MaaS Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Mobility-as-a-Service Companies, Competitive Analysis, Regional and Country levels.
• Global MaaS Market report helps to identify opportunities in the market place.
• Global MaaS Market report covers extensive analysis of emerging trends and competitive landscape.

The regions covered in mobility as a service market report are North America, Europe, Asia-Pacific, and Rest of the World. Based on country level, the market of mobility as a service is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

North America
• U.S.
• Canada

Europe
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific
• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America
• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

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