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Mobility as a Service (MaaS) Market 2025 Emerging Trends Led By Citymapper, Smile Mobility, MaaS Global Oy, UbiGo, Qixxit, Transit Systems Pty Ltd

03-22-2019 07:13 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

Mobility as a Service (MaaS) Market

Mobility as a Service (MaaS) Market

MaaS is a service based business model that has witnessed rapid growth as a result of growing penetrations of smartphones and related devices in the global market. As the service is a digital data driven service, it is anticipated to be benefited with the advancements in the digital world such as analytics. Analytics would enable the mobility service provider company to understand the preferences of each customer and thereby send out optimized routes & means of transport to the customer. Also, Big Data and IoT invasion have added significant value to service providers in terms of provisioning the best-available services to the customers.

The global key players operating in the mobility as a service market 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

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This report contains:
- Market sizing for the global Mobility as a Service (MaaS) Market.
- Compare major Mobility as a Service (MaaS) providers strategies and approaches to the challenges they face
- Analysis of the effects deglobalisation trends may have for Mobility as a Service (MaaS) Provider.
- Profiles of major Mobility as a Service (MaaS) providers
- 5-year CAGR forecasts for Industry vertical sectors

Combining big data with new autonomous transport systems will enable opportunities to innovate and refine MaaS offerings. Younger people, who are the most likely to adopt new mobility models, are increasingly deciding to not own cars. Transport authorities are looking to new technology platforms to help them manage the use of their assets.

According to a new market research study titled 'Mobility as a Service Market to 2025 - Global Analysis and Forecasts by Service Type, Application Platform, Business Model and Vehicle Type', the global Mobility as a Service market was valued at US$ 38.76 Bn in 2017 and is estimated to reach US$ 358.35 Bn by 2025. The report highlights the trends prevalent in the global mobility as a service market and the factors driving the market along with those that act as deterrents to its growth.

The report highlights the trends prevalent in the global mobility as a service market and the factors driving the market along with those that act as deterrents to its growth. 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.

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

The mobility as a service market segmentation is done on the basis of service type, application platform, business model and vehicle type. The service type segment of mobility as a service market includes self-driving car service, ride-hailing, car sharing, bi-cycle sharing and bus sharing. On the basis of application platforms, the market has been segmented into Android, iOS and others. Additionally, the mobility as a service market has also been segmented by business model into B2B, B2C and P2P rentals. Different types of vehicles are used in the multi-modal transportations that form the basis for segmentation of the market on vehicle type which are passenger cars, bus and bikes. On the basis of geography, the mobility as a service market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).

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The on-demand bus transit model is still in the nascent stages of operation as developed and developing nations have implemented mobility services by bus systems differently. The private operators of bus services have come up with flexible route model for transportation in the developed countries of the world, whereas in the developing nations, public bus operators have preferred to operate on a foxed route model with higher efficiencies. The on-demand bus transit services have witnessed huge adoptions in North America and European regions.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.

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Email: sales@theinsightpartners.com

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