Press release
North America MaaS Market to Hit $53.3 Bn by 2031 at 10.2% CAGR | Persistence Market Research
Get a Sample Report: https://www.persistencemarketresearch.com/samples/34983
Factors Driving the Growth of MaaS in North America
Several factors are propelling the growth of the MaaS market in North America. The widespread adoption of smartphones, increasing urbanization, and the push for sustainable transport solutions are key drivers. Additionally, advancements in artificial intelligence (AI) and big data analytics are enhancing the efficiency of MaaS platforms, making them more appealing to consumers and businesses alike.
Key Market Segments and Their Impact
MaaS encompasses various transport modes, including ride-hailing, car-sharing, bike-sharing, and public transportation. The integration of these services into a single digital platform is enhancing user convenience. Ride-hailing services, dominated by players like Uber and Lyft, continue to hold a significant share, while micromobility solutions such as e-scooters and bicycles are rapidly gaining traction.
Role of Smart Cities in MaaS Expansion
Smart city initiatives across North America are fueling the demand for MaaS solutions. Governments and city planners are actively investing in intelligent transportation systems (ITS) to reduce traffic congestion and carbon emissions. Cities like New York, Toronto, and San Francisco are leading the way in integrating MaaS into their urban mobility frameworks.
Technological Innovations Shaping the Future of MaaS
Technology is at the core of MaaS evolution. The adoption of blockchain for secure transactions, AI-driven route optimization, and IoT-enabled real-time tracking are enhancing the efficiency and reliability of MaaS platforms. These innovations are expected to make MaaS services more accessible, efficient, and cost-effective.
Challenges Hindering the Growth of MaaS
Despite its rapid expansion, the MaaS market faces challenges such as regulatory hurdles, data privacy concerns, and high infrastructure costs. Coordinating multiple stakeholders, including private service providers and public transportation authorities, remains a complex task. Addressing these challenges will be crucial for the long-term success of MaaS in North America.
Competitive Landscape and Key Players
The North America MaaS market is highly competitive, with major players such as Uber, Lyft, Lime, and Bird driving innovation. Traditional automotive manufacturers are also entering the space by partnering with tech companies to develop MaaS solutions. Strategic collaborations and mergers are shaping the competitive dynamics of the industry.
Future Outlook: What Lies Ahead for MaaS in North America?
The future of MaaS in North America looks promising, with continuous advancements in technology and increasing government support for sustainable transportation solutions. The integration of autonomous vehicles and electric mobility into MaaS platforms is expected to further revolutionize urban mobility in the coming years.
Conclusion: MaaS as the Future of Urban Transportation
With a projected market value of $53.3 billion by 2031 and a strong growth trajectory, MaaS is set to redefine transportation in North America. As cities become smarter and more connected, MaaS will play a crucial role in shaping the future of mobility, making urban travel more efficient, accessible, and environmentally friendly.
Read More Trending "PMR Exclusive Article":
https://www.linkedin.com/pulse/north-america-lead-aerospace-sealants-market-g23pe
https://www.linkedin.com/pulse/us-wool-market-growth-fuelled-rising-demand-gua6e
https://www.linkedin.com/pulse/india-metal-forging-industry-trends-what-know-toote
https://www.linkedin.com/pulse/north-america-leads-global-predictive-maintenance-fvihe
https://www.linkedin.com/pulse/mixed-reality-market-reach-us-258-billion-2032-l3yae
https://www.linkedin.com/pulse/ai-blockchain-propel-digital-signature-market-2jrye/
Contact Us:
Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com
About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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 North America MaaS Market to Hit $53.3 Bn by 2031 at 10.2% CAGR | Persistence Market Research here
News-ID: 3879939 • Views: …
More Releases from Persistence Market Research
Air Compressor Market Forecast, Rising Demand Across Manufacturing and Construct …
Market Overview
The global air compressor market has evolved into a cornerstone of modern industrial operations, offering indispensable solutions across sectors such as manufacturing, oil & gas, power generation, construction, healthcare, and automotive. Air compressors convert power into potential energy stored in compressed air, which is later used for a wide range of mechanical tasks. The growing demand for energy-efficient systems, combined with the need for reliable compressed air solutions in…
Computer Numerical Control (CNC) Machines Market Forecast, Technological Advance …
Market Overview
The global Computer Numerical Control (CNC) machines market is witnessing robust growth as industries increasingly adopt advanced manufacturing technologies to boost precision, speed, and productivity. In 2023, the market was valued at US$6.2 billion and is forecast to expand at a CAGR of 9.5%, reaching US$11.7 billion by 2030. CNC machines, which automate control of machining tools through computer programming, have become an indispensable part of sectors such as…
Millimeter Wave Body Scanner Market to Witness Strong Demand Across Airports & P …
Market Overview
The millimeter wave body scanner market has emerged as a critical segment within global security technologies, particularly in high-risk environments such as airports, government buildings, and public event venues. These scanners utilize non-ionizing millimeter wave technology to detect concealed objects on a person's body without physical contact, delivering both enhanced accuracy and safety compared to older technologies like X-ray scanners. The increasing need for advanced threat detection systems, coupled…
Industrial Cooling System Market, Driving Efficiency and Reliability in Next-Gen …
Market Overview
The global industrial cooling system market is witnessing steady growth, driven by rising demand for energy-efficient solutions and expanding applications across industries such as manufacturing, oil & gas, chemicals, power generation, and data centers. Cooling systems are indispensable for maintaining operational efficiency, protecting sensitive machinery, and ensuring workforce safety in environments with extreme heat generation. According to recent projections, the market is expected to expand at a CAGR of…
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.…
