Mobility as a Service (MaaS) Market is Thriving high Globally by Top Key Players like Uber Technologies, UbiGo AB, SkedGo, Lyft, Whim App, Splyt Technologies, Transit Systems

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 global mobility as a service market is expected to grow from US$ 38.76 Bn in 2017 to US$ 358.35 Bn by 2025 at a CAGR of 33.9% between 2017 and 2025.

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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.

Key Vendors: Uber Technologies, Inc., UbiGo AB, SkedGo Pty Ltd., Lyft, Inc., Whim App and Splyt Technologies Ltd, Transit Systems Pty Ltd., Smile Mobility, Qixxit, Moovel Group GmBH and Beeline Singapore.

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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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.

Key questions answered in the report include
• What will the market size and the growth rate be in 2025?
• What are the key factors driving the global mobility as a service market?
• What are the key market trends impacting the growth of the mobility as a service market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global mobility as a service market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the mobility as a service market?

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