Mobility As A Service Market Size Projected To Reach $494.76 Billion By 2034 With A Cagr Of 20.2%

The Mobility As A Service Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Mobility As A Service Market?
The market size for mobility as a service has seen significant expansion in the past few years. Projected growth indicates an increase from $205.7 billion in 2024 to $237.21 billion in 2025, with a compound annual growth rate (CAGR) of 15.3%. Contributing factors to this growth during the historical period include increased smartphone usage, objectives for environmental sustainability, government-driven smart city initiatives, consolidation of public and private transport services, economic and operational advantages, demographic changes and lifestyle shifts, the enlargement of micromobility choices, and a consumer preference for uninterrupted travel.

The market size of mobility as a service is predicted to witness a surge in the coming years, expanding to $494.76 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 20.2%. The projected growth in the upcoming period can be credited to the development of autonomous vehicles, integration into smart infrastructure, growing emphasis on user-friendly designs, the worldwide increase in urban populations, digital identification and personalization, attention on health and safety, innovations in both payment and subscriptions methods, and policy support for mobility as a service implementation. A few significant trends during the forecast period comprise digital ticketing and payments, real-time data and analytics, Internet of Things (IoT) and connectivity, provision of mobility services within the app, measures to boost cybersecurity, multiple modes of transportation, solutions for last-mile connectivity, and partnerships and collaborations.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8527

What Are the Different Mobility As A Service Market Segments?
The mobility as a service market covered in this report is segmented -

1) By Service Type: Ride Hailing, Car Sharing, Micromobility, Bus Sharing, Train Services
2) By Solution Type: Technology Platforms, Payment Engines, Navigation Solutions, Telecom Connectivity Providers, Ticketing Solutions, Insurance Services
3) By Application: IOS, Android, Other Applications
4) By End Use: Personal, Business

Subsegments:
1) By Ride Hailing: Taxi Services, Ride-Sharing Services
2) By Car Sharing: Peer-To-Peer Car Sharing, Corporate Car Sharing
3) By Micromobility: E-Scooters, E-Bikes, Shared Mopeds
4) By Bus Sharing: On-Demand Bus Services, Fixed Route Bus Services
5) By Train Services: Commuter Rail Services, Intercity Train Services

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8527&type=smp

What Are the Primary Drivers Shaping the Mobility As A Service Market?
The global uptake of shared mobility methods is set to fuel the expansion of the mobility as a service market. Shared mobility involves various ride-sharing techniques, including carpooling, vanpooling, bike-sharing, and on-demand ride services, offering an alternative to shuttles, private transit services, fixed-route bus, rail services, and paratransit. Mobility as a service enhances shared mobility through the use of technology and applications. For example, data from the Department for Transport, a ministerial department of the UK government, revealed that the number of private taxi hire vehicles hit 89,600 in April 2023, marking an 11% rise from March 2022. Consequently, the growth of shared mobility is set to essentially fuel the mobility as a service market.

Which Companies Are Leading in the Mobility As A Service Market?
Major companies operating in the mobility as a service market are Uber Technologies Inc., SkedGo Pty Ltd, Moovit Inc., Moovel Group GmbH, UbiGo Innovation AB, Citymapper Ltd., Communauto Inc., Lyft Inc., ANI Technologies Pvt Ltd., Avis Budget Group Inc., Beijing Xiaoju Technology Co. Ltd., Grab Holdings Inc., Hertz Global Holdings Inc., Europcar Mobility Group S A, Sixt SE, Didi Chuxing Technology Co. Ltd., Ola Cabs Technology Pvt. Ltd., BlaBlaCar SAS, Zipcar Inc., Car2Go North America LLC, DriveNow North America LLC, LimeBike Inc., Bird Rides Inc., Spin Inc., Jump Mobility Inc., Transit App Inc., MaaS Global Oy, Beeline Singapore Pte Ltd, Karhoo Technologies Ltd., Bolt Technology OU, Free2Move Services, Wunder Mobility GmbH

What Are the Major Trends Shaping the Mobility As A Service Market?
The rising trend in the mobility as a service market is technological innovation. To maintain their market standing, major firms in the industry are creating pioneering technologies like integrated mobility as a service. Integrated mobility involves cooperation amongst mobility service providers in order to offer fitting transportation choice at every stage of the route. For example, HCL Technologies Limited, an Indian IT services firm, teamed up with US-based technology company, Cisco Systems, Inc., in May 2024 to introduce Pervasive Wireless Mobility as a Service. This service bundles HCLTech's proficiency in managed network services with Cisco's Ultra-Reliable Wireless Backhaul (URWB) technology, leading to a steadfast network infrastructure. It facilitates solid connectivity for critical applications such as vehicle connectivity in manufacturing, mobile worker assistance in mining, remote patient care in healthcare, real-time data access in retail, and fleet connectivity at transportation terminals.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/mobility-as-a-service-global-market-report

What Are the Top Revenue-Generating Geographies in the Mobility As A Service Market?
Asia-Pacific was the largest region in the mobility as a service market in 2024. The regions covered in the mobility as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Mobility As A Service Market?
2. What is the CAGR expected in the Mobility As A Service Market?
3. What Are the Key Innovations Transforming the Mobility As A Service Industry?
4. Which Region Is Leading the Mobility As A Service Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.