Mobility as a Service (MaaS) Market 2018 Global Analysis by Emerging Key Leaders: BMW Group, Xerox Corporation, Uber Technologies, MaaS Global, Deutsche Bahn, Daimler, Communauto

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

Some of the major players in Global 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) among others, are profiled in MRFR Analysis and are at the forefront of competition in the global Mobility as a Service market.
Some other vendors for involved in MaaS 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:

The Mobility as a Service (MaaS) market is differentiated by type, deployment, services, and application platform.
On the basis of type, the Mobility as a Service market is categorized into public type and private type. By services, the market is sub-segmented as E-hailing services, bike sharing services, car sharing services, Pop up Bus services, self-driving car services, and others. By deployment, the market is segregated in on-premises and on-cloud. Lastly, on the basis of the application platform, the market is deployed into Android platform, iOS Platform, and others.

Regional Analysis
Geographically, the Mobility as a Service market is segmented into four different regions namely North America, Asia Pacific, Europe, and the Rest of the World.
Europe is presumed to have significant growth in the MaaS market. Germany, Finland, U.K, and France are the leading countries in the market. The regional dominance is owing to early adopters of the MaaS services. Additionally, North America is also expected to register a considerable growth rate in the market. The United States, followed by Canada is the leading country in this region, supporting the high growth in mobility as a service market. The market growth is due to a robust network infrastructure which is required to deploy the MaaS to general end-users. However, Asia Pacific is expected to be a promising region for over the next few years.

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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 Resellers

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