Mobility-as-a-Service Market Prediction, Strategies, Trends and SWOT Analysis 2020 - Uber Technologies Inc., Lyft Inc., Alliance Corporation, Xerox Corporation, Splyt Technologies Ltd., Transit Systems Pty. Ltd

Mobility-as-a-service (MaaS) is a consumer-centric model of transportation, which includes any combination of transport methods such as car, bike sharing, taxis, and provides everything for the consumer from travel planning to payments. The growth of the mobility-as-a-service market is attributed by various benefits such as easy route planning, simplified payments, and personal touch. It allows users to plan journeys using multiple transport methods, which is based on intelligent suggestions derived from their personal preferences. MaaS has created a revolutionary impact in the transportation sector, it is a type of transportation which is integrated into single intuitive mobile application and is operated on a digital platform that handles and integrates booking, end-to-end trip planning, electronic ticketing, and payment services across all modes of transportation, which includes public and private sector. MaaS also provides an alternative solution for private car owners as it solves inconvenient parts of individual journeys such as planning, parking, car maintenance, and other.

With the increase in population, there is an increase in the use of smartphones on 3G, 4G, and 5G networks, high connectivity levels, and growth in cashless payment systems, which drive the market. In addition, rapid urbanization leads to increased pressure on transportation infrastructure and demand for one-stop solution to fulfil seamless transportation service needs fuel the growth of the market. However, high initial cost and lack of technical knowledge among people hampers the mobility-as-a-service market growth. Furthermore, advancing technological infrastructure and easy access to data from all round the world are anticipated to provide major opportunities for the market.

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The mobility-as-a-service market is segmented into organization size, service type, vehicle type, application type, business model, and region. As per organization size, it is segmented into large enterprises and small & medium enterprises. By service type, it is categorized into e-hailing, bike sharing, car sharing, pop-up buses, and self-driving cars. On the basis of vehicle type, it is segmented into buses, car, and air-flights. In terms of application type, it is divided into personalized application services, dynamic journey management, flexible payments, transactions, journey planning, and others. As per business model, it is categorized into business-to-business, business-to-consumer, and peer-to-peer. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the mobility-as-a-service market are Uber Technologies Inc., Lyft Inc., Alliance Corporation, Xerox Corporation, Splyt Technologies Ltd., Transit Systems Pty. Ltd, OLA (ANI Technologies Pvt. Ltd.), Beeline Singapore, SkedGo Pty Ltd.,and Moovel Group GmBH. Current and future mobility-as-a-service market trends are outlined to determine the overall attractiveness of the market.

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Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

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The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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