Mobility as a Service Market 2018 Leading Growth Drivers, Challenges, Trend, Emerging Audience, Segments, Sales, Profits & Analysis

Market Highlights:

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).

With the rapid developments in information technology, transportation sector has revolutionized tremendously. The mobility as a service market is integrated on transportation and telecom sector. The telecom network is re-defined with more robust network bandwidth that it has been developed according to the end-users needs. Furthermore, transportation planners and operators have also embraced Mobility as a Service (MaaS) telecom network infrastructure. Globally, the Mobility as a Service market is presumed to have a significant growth over the forecast period. The widespread penetration of smartphones on 3G, 4G, and 5G networks, high connectivity levels, and a surge in cashless payment system are anticipated to be propelling factors for the growth of MaaS market over the assessment period. On the other hand, open-source platform penetration in small and medium enterprise and lack of cost visibility and control to hinder the growth of the Mobility as a Service market over the forecast period.

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Major Key Players

• 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),
• 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)

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.

Industry News/Recent Update
April 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

April 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

Segmentation:
Segmentation by Type: Public Type and Private Type
Segmentation by services: E-hailing services, Bike sharing services, car sharing services, Pop up Bus services, self-driving car services, and others.
Segmentation by deployment: On-Premises & On-Cloud
Segmentation by application platform: Android Platform, iOS Platform, and others
Segmentation by Region: North America, Europe, Asia Pacific, and the Rest of the World

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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Intended Audience
• System Security
• Software investors
• Mobility as a Service solution vendors
• Mobility as a Service Providers
• Network providers
• Transportation providers
• Data providers
• Transport operators
• Transport Tracking
• MaaS Service providers
• Value-added Reseller

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This release was published on openPR.