- Charging as a Service (CaaS) refers to a business model where EV charging infrastructure is offered through subscription-based or hosted services, enabling users to access charging facilities without owning or maintaining the equipment. It provides flexible, scalable, and cost-effective solutions for residential, commercial, and fleet applications
- The CaaS market is witnessing strong growth driven by the accelerating adoption of electric vehicles, rising demand for affordable and easily deployable charging infrastructure, supportive government incentives, increased fleet electrification, and growing emphasis on smart, energy-efficient charging solutions
- Asia-Pacific is expected to dominate the charging as a service market with a largest share of 31.78%, driven by the rapid urbanization, strong government incentives for electric vehicle (EV) adoption, and substantial investments in EV infrastructure
- North America is expected to be the fastest growing region in the charging as a service market during the forecast period due to expanding EV adoption, federal and state-level incentives, and growing corporate fleet electrification initiatives
- Hosted segment is expected to dominate the market with a largest market share of 43.84% due to its lower upfront capital requirements for end-users, faster deployment timelines, and ease of scalability, which make it an attractive option for fleet operators and commercial property owners seeking turnkey EV charging solutions without managing infrastructure ownership or maintenance
