Press release
The Global urge In hared Mobility Adoption And It Impact On The Growing Mobility A A ervice Market: A Leading Driver Behind Mobility A A ervice Market Expanion in 2025
Mobility A A ervice
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What Will the Mobility A A ervice Indutry Market ize Be by 2025?_x000D_
The market ize of mobility a a ervice ha een a wift expanion in the pat few year. It i projected to increae from $205.7 billion in 2024 to an impreive $237.21 billion in 2025, with a compound annual growth rate (CAGR) of 15.3%. The ignificant growth during the hitoric period i due to variou factor uch a the proliferation of martphone, objective for environmental utainability, government-led initiative for the development of mart citie, the amalgamation of public and private tranport, economizing and operative efficiency, hift in demographic and evolving lifetyle, the pread of micromobility alternative, and the public' demand for frictionle travel experience._x000D_
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What' the Long-Term Growth Forecat for the Mobility A A ervice Market ize Through 2029?_x000D_
Anticipated to witne urging growth pattern in the upcoming year, the market ize of Mobility a a ervice (Maa) i projected to reach $494.76 billion by the year 2029, expanding at a Compound Annual Growth Rate(CAGR) of 20.2%. The expected growth over the projection period can be attributed to factor uch a the development of autonomou vehicle, integration with intelligent infratructure, growing emphai on uer-focued deign, global increae in urban population, digital identity and peronalization, focu on health and afety, innovative payment and ubcription model, and policy upport for the implementation of Maa. Future trend within the forecat period encompa digital ticketing and payment, real-time data and analytic, Internet of Thing (IoT) and connectivity, in-app mobility ervice, cyberecurity meaure, variou mean of tranport, lat-mile connectivity olution, and partnerhip and collaboration._x000D_
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http://www.thebuinereearchcompany.com/report/mobility-a-a-ervice-global-market-report_x000D_
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What Are the Key Growth Driver Fueling the Mobility A A ervice Market Expanion?_x000D_
The global growth of mobility a a ervice market i expected to be timulated by a urge in hared mobility adoption. hared mobility encompae variou rideharing practice uch a carpooling, vanpooling, bike haring, and on-demand ride a an alternate to huttle, peronal tranit ervice, fixed-route bu and rail ervice, and paratranit. Mobility a a ervice implifie hared mobility through the integration of technology and application. For example, in April 2023, the Department for Tranport, a UK governmental miniterial department, reported that the private taxi hire vehicle number climbed to 89,600, marking an 11% growth compared to March 2022. Hence, the increaing acceptance of hared mobility i anticipated to timulate the mobility a a ervice market._x000D_
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http://www.thebuinereearchcompany.com/ample.apx?id=8527&type=mp_x000D_
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What Are the Key Trend Driving Mobility A A ervice Market Growth?_x000D_
Technological advancement are increaingly becoming a ignificant trend in the mobility a a ervice indutry. Prominent organiation in the ector are creating original technologie like integrated mobility a a ervice to maintain their tanding in the market. Integrated mobility involve the aociation of different mobility ervice provider to offer uitable tranportation alternative for each part of a journey. For example, HCL Technologie Limited, a company baed in India that pecialie in IT ervice, allied with Cico ytem, Inc., an American technology buine, to introduce Pervaive Wirele Mobility a a ervice in May 2024. Thi ervice combine the managed network ervice expertie of HCLTech with Cico' Ultra-Reliable Wirele Backhaul (URWB) technology, leading to a turdy network infratructure. It enable trong connectivity for crucial application uch a vehicle connectivity in the manufacturing indutry, aitance for mobile worker in mining, remote patient care in the healthcare ector, real-time data acce in retail, and fleet connectivity in tranportation terminal._x000D_
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How I the Mobility A A ervice Market egmented?_x000D_
The mobility a a ervice market covered in thi report i egmented -_x000D_
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1) By ervice Type: Ride Hailing, Car haring, Micromobility, Bu haring, Train ervice_x000D_
2) By olution Type: Technology Platform, Payment Engine, Navigation olution, Telecom Connectivity Provider, Ticketing olution, Inurance ervice_x000D_
3) By Application: IO, Android, Other Application_x000D_
4) By End Ue: Peronal, Buine_x000D_
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ubegment:_x000D_
1) By Ride Hailing: Taxi ervice, Ride-haring ervice_x000D_
2) By Car haring: Peer-To-Peer Car haring, Corporate Car haring_x000D_
3) By Micromobility: E-cooter, E-Bike, hared Moped_x000D_
4) By Bu haring: On-Demand Bu ervice, Fixed Route Bu ervice_x000D_
5) By Train ervice: Commuter Rail ervice, Intercity Train ervice_x000D_
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Which Companie Are Leading the Charge in Mobility A A ervice Market Innovation?_x000D_
Major companie operating in the mobility a a ervice market are Uber Technologie Inc., kedGo Pty Ltd, Moovit Inc., Moovel Group GmbH, UbiGo Innovation AB, Citymapper Ltd., Communauto Inc., Lyft Inc., ANI Technologie Pvt Ltd., Avi Budget Group Inc., Beijing Xiaoju Technology Co. Ltd., Grab Holding Inc., Hertz Global Holding Inc., Europcar Mobility Group A, ixt E, Didi Chuxing Technology Co. Ltd., Ola Cab Technology Pvt. Ltd., BlaBlaCar A, Zipcar Inc., Car2Go North America LLC, DriveNow North America LLC, LimeBike Inc., Bird Ride Inc., pin Inc., Jump Mobility Inc., Tranit App Inc., Maa Global Oy, Beeline ingapore Pte Ltd, Karhoo Technologie Ltd., Bolt Technology OU, Free2Move ervice, Wunder Mobility GmbH_x000D_
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Which Region Are Leading the Global Mobility A A ervice Market in Revenue?_x000D_
Aia-Pacific wa the larget region in the mobility a a ervice market in 2024. The region covered in the mobility a a ervice market report are Aia-Pacific, Wetern Europe, Eatern Europe, North America, outh America, Middle Eat, Africa._x000D_
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3. Policy Maker & Regulator - To track indutry development and align regulatory framework._x000D_
4. Conultant & Analyt - To upport market entry, expanion trategie, and client adviory work._x000D_
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