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Global Mobility as a Service (MaaS) Market By Type, By Application, & By Region- Forecast and Analysis 2022-2028

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    Report

  • 127 Pages
  • October 2022
  • Region: Global
  • SkyQuest Technology Consulting
  • ID: 5675570
Global Mobility as a Service (MaaS) Market Size was valued at USD 3.27 Billion in 2021, and it is expected to reach a value of USD 22.18 Billion by 2028, at a CAGR of 31.45% over the forecast period (2022 - 2028).

The transportation industry significantly contributes to global air pollution. Globally, rising air pollution from heavy vehicle traffic necessitates the use of an alternate mode of transportation. The increased popularity and adoption of shared mobility is expected to drive the Mobility as a Service (MaaS) Market over the forecast period. Automobile sharing is viewed as a more cost-effective alternative to car ownership because it saves consumers money on maintenance and fuel; it also helps to reduce air pollution. Additionally, rising consumer disposable income and increased investment in transportation infrastructure support mobility as a service sector.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Mobility as a Service (MaaS) Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. 

Segments covered in this report

The Global Mobility as a Service (MaaS) Market segmentation is based on Type, Application, and Region. Based on the Type, the Global Mobility as a Service (MaaS) Market is segmented as Ride-Hailing, Car Sharing, Taxi Services, and Others. Based on the Application, the Global Mobility as a Service (MaaS) Market is segmented as IOS, Android, and Others. Based on Region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.

Driver

The primary driver of Mobility as a Service (MaaS) is that governments all over the world are taking steps to encourage digital payments. For example, the Indian government established the Digital-India programme to promote cashless transactions and digital payment systems throughout the country. The growing number of e-commerce businesses and the expanding use of e-wallets for transactional purposes are driving the industry. The development of highly secure and safe payment gateways is also expected to drive the Mobility as a Service (MaaS) Market during the forecast period.

Restraint

Increased transportation congestion and pollution are major constraints, particularly in developing countries. Most drivers drive alone, which contributes to higher vehicle emissions and traffic congestion that would not exist without ride-hailing. To reduce traffic congestion, governments in many developing countries are encouraging citizens to use public transportation rather than Mobility as a Service.

Market Trend

A growing trend in the market for mobility as a service is one transportation ticket. Frequent interstate and intercity travelers encounter challenges planning and boarding a variety of modes of transportation to get where they're going. The French Mobility Act, which asks for a single ticket or smartcard for mobility as a service apps, is being implemented by governments in developing countries. A programme that offers a single transit ticket offers a variety of services, like single-pass, which would replace consumers' current subscriptions to all services.
Frequently Asked Questions about the Global Mobility as a Service (MaaS) Market

What is the estimated value of the Global Mobility as a Service (MaaS) Market?

The Global Mobility as a Service (MaaS) Market was estimated to be valued at $3.27 Billion in 2021.

What is the growth rate of the Global Mobility as a Service (MaaS) Market?

The growth rate of the Global Mobility as a Service (MaaS) Market is 31.4%, with an estimated value of $22.18 Billion by 2028.

What is the forecasted size of the Global Mobility as a Service (MaaS) Market?

The Global Mobility as a Service (MaaS) Market is estimated to be worth $22.18 Billion by 2028.

Who are the key companies in the Global Mobility as a Service (MaaS) Market?

Key companies in the Global Mobility as a Service (MaaS) Market include Uber Technologies Inc. (US), Moovit Inc. (Israel), MaaS Global Oy (Finland), Citymapper (UK), Mobilleo (UK), SkedGo Pty Ltd (Australia), UbiGo (Sweden), Splyt (UK) and Communauto (Canada).

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Uber Technologies Inc. (US)
  • Moovit Inc. (Israel)
  • MaaS Global Oy (Finland)
  • Citymapper (UK)
  • Mobilleo (UK)
  • SkedGo Pty Ltd (Australia)
  • UbiGo (Sweden)
  • Splyt (UK)
  • Qixxit (Germany)
  • Communauto (Canada)
  • Tranzer (Netherlands)