Mobility as a Service (MaaS) Market Explore Future Growth 2018-2025 by Top Global Company -Uber Technologies, Inc., UbiGo AB, SkedGo Pty Ltd., Lyft, Inc., Whim App and Splyt Technologies Ltd

ReportsWeb.com added “Mobility as a Service (LMS) Market - Global Trends, 2018 Analysis and 2025 Forecasts” report to its research database. This Report is spread across 150 Pages and Supported by 10 Company Leaders.

As urban density continues to grow, commuting and travelling has become a crucial aspect in everyone's life. As digitalization grow, various different tools were being developed to find information for planning and conducting trips. However, these applications have some shortcoming in terms of planning trips with different mode of transport as every user have to locate, book, and pay for each mode of transportation separately. The demand for a compact digital platform has grown in the recent years that has a capability to allow end-to-end trip planning, booking, electronic ticketing, and integrated one payment services for all modes of transportation, either public or private. Mobility as a Service (MaaS) integrates various forms of transport services into a single mobility service platform accessible on demand by end-users. MaaS provides users with the real-time information from throughout the transportation network and takes into consideration all form of possible options to match users preferences (for example, time and convenience vs. cost), and facilitates seamless payment.

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The global mobility as a service market is estimated to grow at a CAGR of 33.9% during the forecast period 2018-2025 and accounts for US$ 358.35 Bn in the year 2025.

Company Profiles :are Uber Technologies, Inc., UbiGo AB, SkedGo Pty Ltd., Lyft, Inc., Whim App and Splyt Technologies Ltd. Also, Transit Systems Pty Ltd., Smile Mobility, Qixxit, Moovel Group GmBH and Beeline Singapore are other key companies in the mobility as a service market.

Currently, the MaaS industry is experiencing staggering growth that has been by a numerous factor. The most significant factors that have impacted the growth of this industry are rapid urbanization and consequently more number of passenger cars on the roads leading to congestions and parking problems. Apart from the application platform providers, large automotive OEMs have announced their plans to invest in this large business opportunity. MaaS is expected to be a key driver in the growth and profitability of the automotive industry outpacing the profits earned by only manufacturing cars by these automakers. The growth of this technology is very high as significant investments are being collected to implement this technology for a better traffic management and public transportation system.

The need for implementation of intelligent transport solutions in the Asia Pacific region is very high that also includes improved infrastructure in transportation system. Rising needs of mobility systems are fully utilized in APAC region including Hong Kong, Australia, China, New Zealand, India, Japan, Malaysia, Taiwan, Singapore, and South Korea. Market of MaaS in APAC region is gaining momentum with growing disposable income and urban population and boosting the market domestically and regionally. Implementation of car sharing is getting adopted rapidly in the developing countries. In Asia Pacific, market penetration for car sharing services is high because of large number of potential users. 

China contributes the largest market share in the APAC MaaS market and it is growing with the highest CAGR. Due to increasing urbanization and highly dense city traffic, the people of China are adopting the concept of shared economy. High smartphone penetration coupled with huge urban population is considered as a major factor towards the growth of this market. Also, many MaaS operators consider China as the best opportunity for the MaaS deployment. Also, presence of major MaaS operators such as Uber, DiDi and others have been a major factor for the high market share in the APAC region. 
The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the Mobility as a service industry.

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