North America Mobility as a Service Market, By Services (Car Sharing, Bus Sharing, Train, Ride Hailing, Bi-Cycle Sharing, Self-Driving Cars and Others), Solutions (Navigation Solutions, Ticketing Solutions, Technology Platforms, Insurance Services, Telecom Connectivity Providers and Payment Engines), Transportation Type (Public and Private), Vehicle Type (Four Wheelers, Bus, Train and Micro Mobility), Application Platform (iOS, Android and Others), Requirement Type (First and Last Mile Connectivity, Off-Peak and Shift Work Commute, Daily Commuter, Airport or Mass Transit Stations Trips, Inter-City Trips and Others), Organization Size (Large Enterprises and Small and Medium Size Enterprises (SMES)), Usage (Commercial and Personal), Country (U.S., Mexico and Canada) Industry Trends and Forecast to 2028
Market Analysis and Insights: North America Mobility as a Service Market
Mobility as a Service Market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 32.5% in the forecast period of 2021 to 2028 and expected to reach USD 187,158.96 million by 2028.
Increasing requirement for time effectiveness and lower total cost of ownership is driving growth of the market. The growth of the Mobility as a Service Market has been highly boosted by rising demand for all-in-one solution for transportation services. Mobility as a service is a consumer-centric model for providing transportation for people.
Mobility as a service is also known as MaaS and sometimes referred to as Transportation as a Service (TaaS). Mobility as a service is the integration of transport methods such as car and bike sharing, taxis and car rentals/leases through digital channels which enables consumers to plan, book, and pay for multiple types of mobility services. The main concept of developing MaaS is to offer travelers mobility solutions based on their travel needs. Through a MaaS platform, users can use a single application to provide access to mobility, with a single payment channel instead of multiple ticketing and payment operations.
Mobility as a service provides everything for the consumer from travel planning to payments options. Mobility as a service is shifting away the focus from personally-owned modes of transportation and towards mobility provided as a service. Mobility as a service provides various advantages and improvers consumers travel experience. Maas allows users in real-time route planning and payment flexibility through phones, smartwatches and bank cards, before or after their journey, or on a subscription basis. Maas enables business to provide personalized travel for consumers reduce city congestion and reduce emissions.
This mobility as a service market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Mobility as a Service Market Scope and Market Size
The mobility as a service market is segmented into eight notable segments which are based on the service type, solution, transportation type, vehicle type, application platform, requirement type, organization size and usage. 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 is segmented into car sharing, bus sharing, train, ride hailing, bi-cycle sharing, self-driving cars and others. In 2021, ride hailing held larger share in the mobility as a service market due to the growing option for booking and comfort has raise demand for rail hailing services.
- On the basis of solution, the mobility as a service market is segmented into navigation solutions, ticketing solutions, technology platforms, insurance services, telecom connectivity providers and payment engines. In 2021, navigation solution category has accounted for maximum market size due to growing importance of passenger safety and growing concern for minimizing travelling time as increase demand for navigation solutions.
- On the basis of transportation type, the mobility as a service market is segmented into public and private. In 2021, public category has accounted for maximum market size due to rising vehicle traffic has increase demand for mobility services.
- On the basis of vehicle type, the mobility as a service market is segmented into four wheelers, bus, train and micro mobility. In 2021, four wheelers segment held the largest share in the market which is mainly attributed to rising investment in the transportation infrastructure has fuel demand for mobility services.
- On the basis of application platform, the mobility as a service market is segmented into iOS, android and others. In 2021, android category has accounted for maximum market size owing to as rising internet penetration and growing usage of mobile in the developing economies has result in increasing demand for mobility services for the android application.
- On the basis of requirement type, the mobility as a service market is segmented into first and last mile connectivity, off-peak and shift work commute, daily commuter, airport or mass transit stations trips, inter-city trips and others. In 2021, inter-city trips category held larger market share owing to the rising vehicle traffic has increase the demand for mobility services.
- On the basis of organization size, the mobility as a service market is segmented into large enterprises and small and medium size enterprises (SMES). In 2021, large enterprises held larger market share owing to as the growing investment from the various tech-giants in the car sharing and transportation infrastructure, are making their presence in the transportation industry.
- On the basis of usage, the mobility as a service market is segmented into commercial and personal. In 2021, commercial category held larger market share owing to the growing need for safe, effective and cost friendly transportation option of goods and materials.
Mobility as a Service Market Country Level Analysis
Mobility as a service market is analysed and market size information is provided by country, service type, solution, transportation type, vehicle type, application platform, requirement type, organization size and usage.
The countries covered in mobility as a service market report are U.S., Canada and Mexico.
U.S. is dominating the North America mobility as a service market and is expected to grow with highest CAGR during the forecast period followed by Canada owing to the demand for one stop solution for transportation services and rising adoption of IoT technology for convenience of payment across the region is boosting the growth of MaaS market in these countries.
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 such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growing Demand for Mobility as a Service
Mobility as a service market also provides you with detailed market analysis for every country growth in installed base of different kind of products for mobility as a service (MaaS), impact of technology using life line curves and changes regulatory scenarios and their impact on the mobility as a service market. The data is available for historic period 2010 to 2018.
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, North America presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to North America mobility as a service market.
The major players covered in the report are Moovit Inc. (Subsidiary of Intel Corp.), UbiGo Innovation AB, MaaS Global Oy, SkedGo Pty Ltd, moovel Group GmbH (Subsidiary of Daimler AG), Inc., Communauto Inc., Cubic Corporation, innovation in traffic systems SE, BlaBlaCar, Beijing Xiaoju Technology Co, Ltd., Lyft, Inc., Uber Technologies, Inc., Curb Mobility, GREENLINES TECHNOLOGY INC., EasyMile, Ridecell, Inc, Zoox, Inc. (a subsidiary of Amazon.com, Inc), among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
- In November 2020, innovation in traffic systems SE has provided their service of multi-client contactless ticketing system in Nottingham for three public transport providers - Nottingham City Transport (NCT), Nottingham Trams Ltd. (NET Trams) and CT4N. The riders of these public transport services will be able to pay contactless. With this new ticketing system in Nottingham U.K the company will increase their customers and generate revenue.
Product launch, acquisition and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for mobility as a service (MaaS) through product portfolio of the companies.
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