Mobility as a Service (MaaS) Market 2018 Reviews by Global Key Players: MaaS Global, Alliance, Apple, Xerox Corporation, Lyft, Uber Technologies, Daimler AG, Communauto

Mobility as a Service Market, By Online Mobility System Type (Bus, Cab, Flight), By Services (E hailing services, Bike sharing, Car sharing, Pop up bus services, Self-Driving car), By End-User (Public sector, Private sector) - Forecast 2023

Industry News
2018, Uber Technologies, launched new app named as Driver App. The Driver App has been launched with 40 new features developed to improve the driving experience. The features include new real earnings tracker, new status bar which provide optional navigation to the recommended area. The notifications feature allows the driver to see messages about upcoming earning opportunities, feedback from their riders, and information about their account

2018, MaaS Global and Arup, U.K based professional services firm has come together to sign an agreement to provide consultancy services related to the development and deployment of Mobility as a Service (MaaS). The agreement represents MaaS Global’s increased interests in exploring cities where they would most effectively enter into successful negotiations with transport providers and identifying suitable cities for the deployment of MaaS services

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Major Key Players
Some of the key players of Mobility as a Service market include BMW Group (Germany), Alliance Corporation (Canada), Apple Inc. (U.S.), Xerox Corporation (U.S.), Lyft, Inc.(U.S.), Uber Technologies Inc. (U.S.), MaaS Global (Finland), Deutsche Bahn (Germany), Daimler AG (Germany), and Communauto (Canada).

Some other vendors for involved in mobility as a service market are Car2go (U.S.), Hailo (U.K.), Bridj (U.S.), Ola (India), Ridepal (U.S.), Make My Trip (India)

Market Scenario:

The Global Mobility as a Service Market is growing with the rapid pace mainly due to the high travel demand on transport networks and increasing need of both workplaces and employees that may support a reducing the traffic in peak hours. According to a recent study report published by the Market Research Future, The global market of Mobility as a Service is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2023).

The smartphone and the evolution of big data are the driving factors of the Mobility as a Service Market growth. With this technological evolution, the companies are investing into these services. The smartphones generates the data which is required to manage a system that combines public and private transport as well. The smart city concept is becoming a big opportunities for the companies to implement their services of Mobility as a Service across the world. With these services, the companies are offering convenient services to the consumers to avail these services with low cost at massive time saver process. It will reduce the number of private cars, as alternative transport options become more integrated. These services are widely used as a private, public and commercial transportation.

According to MRFR, The global Mobility as a Service market is expected to reach approximately USD 253.16 billion by 2023 growing with a 36% CAGR over the forecast period 2017-2023.

Regional Analysis
North-America is dominating the Global Mobility as a Service Market with the largest market share and is expected to grow over its previous growth records by 2023. The advancements in ease of transportation system to handle traffic control and cover the distance in time is propelling the growth of Mobility as a Service in these regions. Mobility as a Service Market in Asia-Pacific market is expected to grow at a substantial CAGR during 2017 to 2023 as MaaS is providing best services to travel and security to the travellers which is increasing the demand for mobility as a service in the region. The European market for Mobility as a Service Market is expected to grow at a considerable CAGR (2017-2023).

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This release was published on openPR.