MOBILITY AS A SERVICE MARKET TO REACH USD 55.4 BILLION BY 2027 | CAGR 31.5% – FORENCIS RESEARCH

Mobility as a Service MarketΒ - Global Industry Analysis and Forecast 2020 to 2027

Global Mobility as a Service Market: Key Highlights

  • According to the new market research report Mobility as a Service Market by Service Type (Bi-Cycle Sharing, Bus Sharing, Car Sharing, Ride-Hailing, Self-Driving Car Service and Train Services), by Solution Type (Telecom Connectivity Providers, Navigation Solutions, Payment Engines and Insurance Services), by Business Model (Business-To-Business (B2B), Business-To-Consumer (B2C) and Peer-To-Peer (P2P)), by Transportation Type (Public, Private), by Vertical (Bikes, Bus and Passenger Cars), by Application (Android, iOS and Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)”, the global Mobility as a Service Market is estimated to reach USD 55.4 Billion by 2027 at a CAGR of around 31.5% during the review period.
  • The Mobility as a services is an on-demand, real-time framework which includes car, taxis and car rentals, as well as helps to provide from travel planning to payments for the consumer.
  • Moreover, it also advance by providing easy route planning, simplified payments as well as give a personalized service which helps to develop a relationships between users and the transport provider. These may lead to boost the growth of MaaS market in the forecast period.

Mobility as a Service Market

Global Mobility as a Service Market: Key Market Dynamics

  • With the rising in smart city initiatives is witness to boost the growth of the market in the projected period. With the growing usage of cars by the public has led to create a traffic congestion as well as the parking issues in many different areas.
  • One of the major key concern of the Mobility as a Service market is the ongoing Covid-19 Pandemics which may challenges the growth of the market. Whereas, the most impact sector by these pandemic is the transportation as well as the entrainment sector, which create a restraining factor for the market.
  • As per the World Health Organization (WHO), it is projected that more than 50% of the world population lives in urban areas, which is anticipate to increase by 60% by the 2025. These may lead to fuel the adoption rate of Mobility as a Service (MaaS) market in the forecast period... 
  • Growing usage of electric vehicles, where the autonomous car need IoT backup for accessing all services which needs to connected vehicles and devices. However, the 5G as well as Wi-Fi also plays a major role in the market growth.

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Global Mobility as a Service Market: Regional Overview

  • North America:

The region is witness to be one of the leading in the adoption of advance technologies. Whereas, the companies in the region have been being deploy various technologies and services of facility management. Also, the US and Canada is projected to plays a major contribution for the growth of the market in the region. Hence, it projected that region has a well-established economies, that will improve the investment in R&D platform for the growth and development of new technologies which includes AI, ML, cloud, and big data.

  • Asia-Pacific:

The Asia-Pacific is witness to increase significant market growth during the forecast period as the region hold more than 50% of the world population. Whereas, Indian government has taken an initiative for the economy growth with the Make in India project. Hence, the countries such as Japan and China is also projected major investments of the growth and development of the new emerging technologies such as Artificial Intelligence (AI), Blockchain and IoT the companies in China are also investing heavily in the intelligence manufacturing. However, with increasing focus on smart cities as well as 5G infrastructure may also lead to increase the demand of the market growth in the forecast period.

Global Mobility as a Service Market: Key Players Overview

  • SkedGo Pty Ltd:

The company helps to provide personalized trip planning, mobility as a services as well as corporate mobility for the startup, corporations and governments. Whereas, with the company API the integration of the mixed modal transport services, pay services and parking, is become easy and efficient. Also, in 2020 the company had introduce a new feature which helps to enables passengers to access crowding levels before travelling, as well as enhance the journey planning in these Covid-19 pandemic.

Hence, these feature permit the passengers to select the easier routes as well as switch to different forms of transport such as e-scooters for maintain social distancing.

  • Mobilleo:

The company helps to manage the business travel, as well as its uses data partnerships to boost the travel provider APIs to integrate public and private transportation into a single, configure framework. Also in 2019, the company included a Ride Hailing travel which helps to locates and calls a nearby taxi service. Whereas, these partnerships with various taxi suppliers have lead to enabled Mobilleo to aggregate all the available taxi services into one, easy-to-navigate framework.

Hence, with the Ride Hailing, a traveler can now use a single platform to book a taxi anywhere around the world.

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Published : 2020-08-24