openPR Logo
Press release

Global Mobility as a Service Market Size, Share, Comprehensive Analysis to 2025 Lead By Lyft, Uber, Beeline Singapore, SKEDGO, UbiGo AB, Whim App, Moovel Group, QIXXIT, Splyt Technologies, Smile Mobility

06-10-2019 08:00 AM CET | IT, New Media & Software

Press release from: The Insight Partners

Global Mobility as a Service Market

Global Mobility as a Service Market

The global Mobility as a Service (MaaS) market accounted for US$ 44.33 Bn in 2017 and is expected to grow at a CAGR of 36.4% during the forecast period 2018 – 2025, to account for US$ 476.34 Bn in 2025.

The mobility as a service (MaaS) market has experienced significant growth and adoption rate in the past few years and is expected to experience notable growth and adoption in years to come. Currently, the mobility as a service (MaaS) market 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.

Get Sample PDF Copy@ http://bit.ly/2VvzmAs

Some of the leading players in global market are Lyft, Inc., Uber Technologies Inc., Beeline Singapore, SKEDGO PTY LTD., UbiGo AB, Whim App (MaaS Global Oy), Moovel Group GmbH, QIXXIT, Splyt Technologies Ltd., Smile Mobility

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. In the forecasted period, the mobility as a service (MaaS) market is estimated to grow at a good pace. Some of the key players contributing significantly to the market are Uber Technologies, Inc., Bridi, Moovel, Whimm and Qixxit. Asia Pacific region in global mobility as a service (MaaS) market is expected to witness a CAGR growth rate of 7.3% in the coming years.

Frequent travelers for inter-city, inter-state and inter-countries have to face various hassles with regards to planning and boarding different modes of transportation and thereby reach the intended last mile. Some modes of transportation provide node-to-node transportation service while the others provide last mile connectivity. Planning a trip in such circumstances where a traveler needs to hire three or more different modes of transportation requires lots of planning as well as time bound constraints. As a result of this, there has been increasing demands for more integration into the transportation systems for efficient, seamless and hassle-free travels as well as hassle free payments. MaaS enables individual users to make payments for the entire trip beforehand and also allows for monthly subscriptions for frequent travelers. This factor has been driving the mobility as a service (MaaS) market across geographies over the years. Similar trend is anticipated to drive the growth of 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. 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. The advancement of various technological platforms is foreseen to fuel the mobility as a service (MaaS) market in the coming years.

The global mobility as a service (MaaS) market by service type is segmented into categories namely; self-driving car service, ride-hailing service, car sharing service, bi-cycle sharing service and bus sharing services. The rapid mobility demands in the consumer’s market has created a huge imbalance in the supply and demand side for automobile sharing. This has led to increased offerings on the supply side for fulfilling the mobility needs of the consumers. Today, the mobility services are characterized as reliable, convenient, efficient, seamless, hassle-free and easily accessible to consumers. Also, they offer easy payment options so that a consumer can travel without the need for carrying cash. Apart from this, the mobility services have significantly contributed to reduced demands for parking of vehicles, reduced pollutions & congestions on the roads, as well as provide transportation cost savings & energy savings. Each of the different mobility service serves to the purpose of a specific group of consumers. Bus sharing segment is the fastest growing service type segment in mobility as a service (MaaS) market and is expected to grow at a prestigious CAGR during the forecast period.

The application platform segment in mobility as a service (MaaS) market are Android, iOS and others. The Other operating systems include Symbian, Windows, and web-based platforms. The broad categorization of various application platforms is done into open-source operating and proprietary platforms. The business factors that are involved in the discussion leading up to the selection of a particular application platform includes time-to-market, management of licenses and intellectual properties, cost of the solution, maturity of the solution, supporting standards and the future roadmap of the platform. The Android segment in the mobility as a service (MaaS) market is expected to surge at a prime rate during the forecast period.

The vehicle type segment in mobility as a service (MaaS) market are passenger cars, bikes, and bus. The emergence of new transportation options has been witnessed in the last few years. These transportation options strive to fulfill the needs of movement as well as access to places of people and goods in a holistic way. Enabled by emerging connectivity technologies, these mobility services provide more convenient, flexible and efficient travel experience to their users. For a point-to-point transportation service to be provisioned at an optimized cost with optimum time span, different modes of transportation are to be used. Passenger cars lead dominance in the MaaS market for vehicle types as more number of users prefer for car sharing service as it provides them point-to-point transportation and on-demand mobility. The Bus segment in the mobility as a service (MaaS) market is expected to surge at a prime rate during the forecast period

Ask For Discount@ http://bit.ly/2VmQqIV

Contact Us:
The Insight Partners
533, 5th Floor, Amanora Chambers,
Amanora Township, East Block,
Kharadi Road, Hadapsar, Pune-411028
sales@theinsightpartners.com

About Us:
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. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Mobility as a Service Market Size, Share, Comprehensive Analysis to 2025 Lead By Lyft, Uber, Beeline Singapore, SKEDGO, UbiGo AB, Whim App, Moovel Group, QIXXIT, Splyt Technologies, Smile Mobility here

News-ID: 1769013 • Views:

More Releases from The Insight Partners

Agricultural Lighting Market Estimated to Experience a Hike in Growth by 2031
Agricultural Lighting Market Estimated to Experience a Hike in Growth by 2031
The increasing adoption of indoor farming practices is a significant driver of the agricultural lighting market. As urbanization rises and arable land decreases, farmers are turning to controlled environment agriculture (CEA) to maximize yield. Advanced lighting solutions, such as LED grow lights, provide the necessary light spectrum for optimal plant growth, enabling year-round production. This shift towards indoor and vertical farming systems drives the demand for effective and energy-efficient agricultural
Medical Device Validation and Verification Market Worth by 2031
Medical Device Validation and Verification Market Worth by 2031
Offers a comprehensive overview of the market's current state and future growth trajectory. It identifies key drivers, challenges, and opportunities, providing valuable insights for various business stakeholders. According to the report's forecast, the sector is set to witness a steady expansion in market size, market share, and innovation over the next six years. Download Sample PDF @ https://www.theinsightpartners.com/sample/TIPRE00016735/?utm_source=OpenPR&utm_medium=10759 Key Growth Drivers The press release details five major factors propelling the market forward: 1. Stringent
Medical Vacuum Filters Market Positioned for Substantial Growth Through 2031
Medical Vacuum Filters Market Positioned for Substantial Growth Through 2031
New York, US - August 28, 2025- A new market report from The Insight Partners projects a strong and steady expansion for the global medical vacuum filters market, fueled by a confluence of rising healthcare demands and technological innovation. The report, titled "Medical Vacuum Filters Market Share, Size, Trends, and Forecast by 2031," highlights that the sector is set for significant growth in both market size and innovation over the
Growing Industrial Automation and IoT Driving the Level Translators Market
Growing Industrial Automation and IoT Driving the Level Translators Market
New York, US - August 21, 2025- The market for level translators is projected to grow significantly by 2031, fueled by the rise in industrial automation and the expanding use of consumer electronics, automotive systems, and IoT devices. According to a new report from The Insight Partners, this growth is driven by the increasing need for components that can seamlessly bridge the gap between devices operating at different voltage

All 5 Releases


More Releases for MaaS

What is MaaS?
What is MaaS? Metaverse as a Service _ MaaS, was all the rage at CES this year, and many people were curious about what it is. To put it simply, MaaS is the concept of servicing a metaverse space as a SaaS. Let's take a look at why SaaS has become the dominant approach in the metaverse industry. What are the different ways to build a metaverse space? Until now, there have been
MaaS Market Business Strategies, and Regional Outlook
By merging several private and public transportation services and pricing structures into a single digital platform, Mobility as a Service (MaaS) aims to deliver tailored and ideal travel to move us from one place to another. The global mobility-as-a-service market accounted for $128,489.2 million in 2021, which is predicted to hit $519,697.5 million by 2030. The adoption of MaaS is expected to accelerate market growth due to growing worries about
Global Mobility as a Service (MaaS) Market Competition Situation 2027-
Global Mobility as a Service (MaaS) Market Size Is Projected To Reach US$ 394000 Million By 2027, From US$ 87620 Million In 2020, At A CAGR Of 23.9% During 2021-2027 Los Angeles United States 25th April 2022:QY Research recently published a research report titled, "Global Mobility as a Service (MaaS) Market Report, History and Forecast , Breakdown Data by Manufacturers, Key Regions, Types and Application". The research report attempts to give
Mobility as a Service (MaaS) Market 2021 | Detailed Report
The Mobility as a Service (MaaS) research report undoubtedly meets the strategic and specific needs of the businesses and companies. The report acts as a perfect window that provides an explanation of market classification, market definition, applications, market trends, and engagement. The competitive landscape is studied here in terms of product range, strategies, and prospects of the market’s key players. Furthermore, the report offers insightful market data and information about
Mobility as a Service (MaaS) Market 2025 -Lyft, Uber Technologies Inc., Beeline …
The Mobility as a Service (MaaS) market accounted for US$ 44.33 Bn in 2017 and is expected to grow at a CAGR of 36.4% during the forecast period 2018 – 2025, to account for US$ 476.34 Bn in 2025. Download PDF Sample Copy @ www.theinsightpartners.com/sample/TIPTE100000803/?utm_source=OpenPR&utm_medium=10387 Major Players in the market are: Lyft, Uber Technologies Inc., Beeline Singapore, SKEDGO PTY LTD., UbiGo AB, Whim App (MaaS Global Oy), Moovel Group GmbH, QIXXIT, Splyt
Mobility as a Service (MaaS) Market To Witness Massive Growth | Competitive Outl …
Mobility as a Service (MaaS) market report is an in-depth study on the ICT industry while also explaining what Mobility as a Service (MaaS) market definition, classifications, applications, engagements, and global industry trends are. Lyft, Uber Technologies LLC, Beeline, SkedGo, UbiGo, MaaS Global Ltd, Qixxit, Citymapper are turning heads in the Mobility as a Service (MaaS) market because of their product launches, their researches, joint ventures, merges, and accusations.