Global Mobility as a Service Market, By Service Type (Ride Hailing, Car Sharing, Micromobility, Bus Sharing and Train Services), Solution Type (Technology Platforms, Payment Engines, Navigation Solutions, Telecom Connectivity Providers, Ticketing Solutions and Insurance Services), Transportation Type (Public and Private), Vehicle Type (Micromobility, Four-Wheelers, Buses and Trains), Application Type (Personalized Application Services, Journey Management, Journey Planning and Flexible Payments & Transactions), Operating System (Android, iOS and Others), Business Model (Business-to-Business, Business-to-Consumer and Peer-to-Peer), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
The mobility as a service market is expected to reach USD 567.77 billion by 2027 witnessing market growth at a rate of 35.6% in the forecast period of 2020 to 2027. Data Bridge Market Research report on mobility as a service market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Mobility as a service (MaaS) refers to integration of different types of transportation services within a single platform. It offers an on-demand service as per the convenience of the customer.
Growing on-demand transportation services, pivotal role of the government in the development of mobility as a service, rising integrated mobility services and rapid urbanization leading to development of smart cities are the factors driving the growth of global mobility as a service market. Excessive customer centric ecosystem and the vulnerability of this system to hackers’ are the factors restraining the growth of global mobility as a service market.
Progressing information and communication technologies and further development of connected, autonomous and electric vehicles are the opportunities for global mobility as a service market. Concerns surrounding data privacy of customers and low awareness regarding the lifetime cost of private vehicle and service ownerships are the challenges for global mobility as a service market.
This mobility as a service market provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on mobility as a service market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Mobility as a Service Market Scope and Market Size
The mobility as a service market is segmented on the basis of service type, solution type, transportation type, vehicle type, application type, operating system and business model. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of service type, the mobility as a service market has been segmented as ride hailing, car sharing, micromobility, bus sharing and train services.
- On the basis of solution type, the mobility as a service market has been segmented as technology platforms, payment engines, navigation solutions, telecom connectivity providers, ticketing solutions and insurance services.
- Based on transportation type, the mobility as a service market has been segmented as public and private.
- Based on vehicle type, the mobility as a service market has been segmented as micromobility, four-wheelers, buses and trains.
- On the basis of application type, the mobility as a service market has been segmented as personalized application services, journey management, journey planning and flexible payments & transactions.
- On the basis of operating system, the mobility as a service market has been segmented as android, iOS and others.
- Mobility as a service market has also been segmented on the basis of business model into business-to-business, business-to-consumer and peer-to-peer.
Global Mobility as a Service Market Country Level Analysis
Global mobility as a service market is analysed and market size, volume information is provided by country, service type, solution type, transportation type, vehicle type, application type, operating system and business model as referenced above.
The countries covered in the mobility as a service market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific will dominate the mobility as a service market due to rapid urbanization and growing need for efficient transportation. Further, increasing focus towards smart personal mobility which will reduce time and eliminate congestion is the factor further fuelling the growth in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Mobility as a Service Market Share Analysis
Mobility as a service market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to mobility as a service market.
The major players covered in the mobility as a service market report are Whim, Uber Technologies Inc., Didi, Citymapper, Moovel Diamler, Beeline Mobility, Ubigo, Ola Cabs, Bridj and Mobileo among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
In October 2020, CBA has entered into negotiations with Australia to provide alternate payment solution throughout their public transport services by leveraging mobility-as-a-service. This will be launched as a part of their new pilot program where the local people will be able to pay via VISA or MasterCard debit or credit cards or digital wallets for their trip. These contactless payment services will help the local commuters by a large extent.
In October 2020, South Korea based consumer electronics firm, Humax has announced its entry into vehicle mobility market by introducing mobility platform. This platform known as RAiDEA has been developed in-house which is currently integrated into Korea’s state-of-the-art B2B car sharing service.
Customization Available : Global Mobility as a Service Market
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