About Mobility as a Service
Advancing technological infrastructure, as well as ease of access to data all around the world, will help to boost global Mobility as a Service market. Mobility as a service (MaaS) includes a combination of many transport modes such as car, bus, and bikes on a single mobility solution, which is accessible on demand. It has created a revolutionary impression in the transportation sector. MaaS combines transportation options from numerous providers, thereby supervisory all from travel preparation to payments. MaaS is functioned on a digital platform that grips and participates booking, electronic ticketing, and end-to-end trip planning and payment services across all modes of transportation, which includes the public and private sector. By the quick developments in information technology, the world market has produced sufficient new opportunities to transform the current transportation network a more efficient and user-friendly system.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Billion) |
CAGR | 36.22% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies. Analyst at AMA Research estimates that Europian Players will contribute the maximum growth to Global Mobility as a Service market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BMW Group (Germany), Alliance Corporation (Canada), Lyft, Inc. (United States), Uber Technologies Inc. (United States), MaaS Global (Finland), Deutsche Bahn (Germany), SkedGo Pty Ltd (Australia), UbiGo AB (Sweden), Ola (India), Make my trip (India), Whim (Finland), Citymapper (United Kingdom) and Moovit (Israel) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Mobilleo (England), Qixxit (Germany), Beeline (Singapore), Moovel Group (Germany), DiDi Chuxing (Beijing), Splyt Technologies Ltd (London) and Transit Systems Pty Ltd. (Australia).
Segmentation Overview
AMA Research has segmented the market of Global Mobility as a Service market by , Application (Personalized Application Services, Dynamic Journey Management, Flexible Payments, Transactions and Journey Planning) and Region.
On the basis of Type, E-Hailing Services are dominating the market in the year 2023On the basis of geography, the market of Mobility as a Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Deployment Mode, the sub-segment i.e. On-Cloud will boost the Mobility as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Business model, the sub-segment i.e. Business-To-Business will boost the Mobility as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise Size, the sub-segment i.e. Large Enterprises will boost the Mobility as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solutions, the sub-segment i.e. Platforms will boost the Mobility as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Type, the sub-segment i.e. Micro mobility will boost the Mobility as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. E-Hailing will boost the Mobility as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Education will boost the Mobility as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rise in Demand for a One Stop Solution to Fulfill Transportation Service Needs and Emerging Demand for Maas among Consumers for Better Transport Infrastructure
Market Growth Drivers:
High Adoption of Mobile Devices and The Upsurge in the Number of Original Equipment Manufacturers (OEMs)
Challenges:
Dearth of Availability of Technological Expertise
Restraints:
High Necessity for Capital Investments
Opportunities:
A Conjunction of Various Transport Provider Chains in Holistic Transport Service Ecosystem, Growing of Electric Vehicles for Comfortable and Clean Transport at a Lower Cost and Rising Penetration of Internet Data Services
Market Leaders and their expansionary development strategies
On 24th July 2019, Uber ties up with SUN Mobility to accelerate electric mobility in India. SUN Mobility will offer its unique energy infrastructure platform, which includes swappable Smart Batteries and Quick Interchange Stations to select original equipment manufacturers (OEMs) for building E-Autos.
On 22nd February 2019, The BMW Group and Daimler AG are collaborated for their mobility services to create a new global player providing sustainable urban mobility for customers. The deal was established for 1 billion dollars in total to develop and more closely intermesh their offerings for car-sharing, ride-hailing, parking, charging and multimodal transport.
Key Target Audience
Mobility as a Service Solution Vendors, Mobile Device Manufacturers, Mobility as a Service Providers, Application Developers, System Integrators, Information Technology (IT) Developers, Third-Party Vendors, Infrastructure Providers, Government Agencies and Organizations, Regulatory and Compliance Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.