openPR Logo
Press release

Mobility as a Service Market Set to Reach $40.1 Billion by 2030

Attractive Opportunities in Mobility as a Service Market

Attractive Opportunities in Mobility as a Service Market

Mobility as a Service market is projected to grow from USD 5.7 billion in 2023 to USD 40.1 billion by 2030, at a CAGR of 32.2% over the forecast period.

The increasing need to reduce carbon emissions and awareness of environmental issues have driven a growing interest in sustainable transportation options. MaaS promotes the use of shared mobility services, electric vehicles, and public transit, which are generally more eco-friendly than private car ownership. MaaS often offers cost-effective options for travelers. By comparing various transportation options and choosing the most suitable and economical routes, users can save money compared to traditional modes of commuting, such as owning a private car.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=78519888

Ride Hailing service type to dominate the services provided by MaaS application.

Historically, more and more consumers are opting for car-sharing apps and ride-hailing services. Some ride-hailing apps, such as Uber and Lyft, have already observed a meteoric rise; there are several startups entering the space as well which is likely to intensify the competition level. Ride-hailing services are likely to witness the growth of rates upward of 30% annualized. Several established OEMs are getting involved in car-sharing initiatives. Incorporating both car-sharing and car rental services within the MaaS framework enhances the diversity of transportation options available to users, catering to a wide range of travel needs and preferences. The car-sharing and Car rental market is likely to grow up to ~ USD 27 billion. This increasing demand for car-sharing services will, in turn, drive mobility as a service market.

Payment Engines are the fastest-growing solution type.

Payment engines are a critical component of a MaaS system since service providers use various gateways for online payment processing after they have used their chosen service. Payment plans for users may range from a pay-per-trip/pay-as-you-go offer to partial or full subscriptions.

Currently, the market share of payment engines is ~10%, which is likely to grow fast as more customers demand smoother ticketing solutions. Typically, only one or two payment options other than cash, such as payment merchants, credit card, and payment wallets, are offered. Hence, these services have limited investment. However, with digital payments gaining popularity post-pandemic, investment in these solutions is likely to increase.

The pandemic has resulted in a majority of customers shifting toward contactless and cashless payment methods. The expansion of MaaS service providers in new regions and the option to make payments in foreign currencies will fuel the growth of the payment engine segment.

Request for Special Pricing @
https://www.marketsandmarkets.com/discountreports.asp?id=78519888

Asia Pacific region holds the largest market share in the mobility as a service market in terms of value.

Asia Pacific owing to its large population will hold a significant share of the MaaS market. This is also fueled by the presence of strong MaaS service providers such as DiDi in China, Ola & Uber in India, and Grab in Singapore. Singapore leads the region in terms of MaaS application test center. The Singapore Smart Mobility 2030, as part of Singapore's Smart Nation plan, is allotted a budget of USD$1.7 billion and primarily focuses on developing autonomous taxis, buses, and shuttles. This development is likely to attract MaaS integrators to the region to boost the growth of the market. Integration of payment systems will play a key role in this region. For example, the Unified Payment ID (UPI) service in India allows its users to pay digitally just with their phones using a simple PIN. Such technologies can be integrated with MaaS applications to smoothen the multimodal integration of transport services and decongest the overpopulation of urban cities in this region.

Key Players

Prominent companies include Citymapper (UK), MaaS Global (Helsinki), Skedgo (Australia), FOD Mobility UK Ltd. (UK), and Moovit (Israel) are the leading mobility as a service providers in the global market.

View Detail TOC @ https://www.marketsandmarkets.com/Market-Reports/mobility-as-a-service-market-78519888.html

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

One stop solution for all Market Research & Consulting needs.

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 Mobility as a Service Market Set to Reach $40.1 Billion by 2030 here

News-ID: 3322829 • Views:

More Releases from MarketsandMarkets™ INC.

Automotive Camera Market Size, Share, Trends & Forecast Report, 2028
Automotive Camera Market Size, Share, Trends & Forecast Report, 2028
The automotive camera market worldwide size was valued at USD 8.0 billion in 2023 and is expected to reach USD 13.9 billion by 2028, at a CAGR of 11.7% during the forecast period. The cameras are used as advanced safety devices for enhancing the visibility of the surrounding environment to improve vehicle safety. The growing demand for Advanced Driver Assist Systems (ADAS) in developed and developing nations is attributed to
Automotive Software Market Size, Share, Forecast, Report, 2030
Automotive Software Market Size, Share, Forecast, Report, 2030
According to a research report "Automotive Software Market by ICE Application (ADAS, Autonomous Driving, Infotainment, Body Control & Comfort, Telematics), Software Layer (OS, Middleware, Application), Vehicle Type (PCs, LCVs, HCVs), EV Application & Region - Global Forecast to 2030" published by MarketsandMarkets, the global automotive software market size is projected to grow from USD 19.0 billion in 2023 to USD 32.3 billion by 2030, at a CAGR of 7.8%. The
Future of Hydrogen in Automotive Market worth 353 Thousand Units by 2035
Future of Hydrogen in Automotive Market worth 353 Thousand Units by 2035
According to a research report "Future of Hydrogen in Automotive Market by Vehicle Type (Passenger Car, Light Commercial Vehicle, Bus, and Truck), Propulsion Type (FCEV, FCHEV, and H2-ICEV), H2 Refueling Points (Asia Pacific, Europe, and North America) and Region - Global Forecast 2035" published by MarketsandMarkets, the Future of hydrogen in automotive market size is projected to grow from an estimated 23 thousand units in 2024 to 353 thousand units
EV Charging Station Market Size, Share, Trends & Analysis by 2030
EV Charging Station Market Size, Share, Trends & Analysis by 2030
According to a research report "EV Charging Station Market by Application, Level of Charging, Charging Point, Charging Infrastructure, Operation, DC Fast Charging, Charge Point Operator, Connection Phase, Service, Installation and Region - Global Forecast to 2030" published by MarketsandMarkets, the global EV Charging Station Market is projected to grow from USD 7.3 billion in 2024 to USD 12.1 billion by 2030, at a CAGR of 8.8%. Factors such as rising EV

All 5 Releases


More Releases for MaaS

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 $519,697.5 million by 2030. The adoption of MaaS is expected to accelerate market growth due to growing worries about
Mobility as a Service (MaaS) Market 2021 | Detailed Report
The Mobility as a Service (MaaS) research report undoubtedly meets the strategic and specific needs of the businesses and companies. The report acts as a perfect window that provides an explanation of market classification, market definition, applications, market trends, and engagement. The competitive landscape is studied here in terms of product range, strategies, and prospects of the market’s key players. Furthermore, the report offers insightful market data and information about
Mobility as a Service (MaaS) Market 2025 -Lyft, Uber Technologies Inc., Beeline …
The Mobility as a Service (MaaS) market accounted for US$ 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.
Mobility as a Service (MaaS) Market 2025 Emerging Trends Led By Citymapper, Smil …
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
Mobility as a Service (MaaS) Market 2018 Global Analysis by Emerging Key Leaders …
Market Highlights: The Global Mobility as a Service Market is growing with the rapid pace mainly due to the high travel demand on transport networks and increasing need of both workplaces and employees that may support a reducing the traffic in peak hours. According to a recent study report published by the Market Research Future, The global market of Mobility as a Service is booming and expected to gain prominence over