Press release
Mobility as a Service (MaaS) Market Technological Advancement and Growth Analysis with Forecast to 2028
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.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.
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.
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Top Leading Key Players:
• 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
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.
Reason to Buy
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global algorithm trading market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Mobility as a Service (MaaS) , thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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This report provides a detailed overview of the industry, including qualitative and quantitative information. Provides an overview and forecast of the Mobility as a Service (MaaS) market based on products and applications. This report assesses market dynamics affecting the market during the forecast period: drivers, limits, opportunities, and future trends, and provides a thorough PEST analysis of all five regions.
Pune,india
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 specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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