Global Mobility as a Service Market Size, Trends, and Industry Analysis Report
The GMI Research envisages that the Mobility as a Service Market will come across an augmenting demand over the forecast period. This is because of various benefits such as personal touch, swift urbanization, and an increase in cashless payment systems.
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Introduction of the Market
The incorporation of different transport services into a unified service accessible on demand is the Mobility as a Service (MaaS). The MaaS comprises various transport options such as ride-hailing, car sharing, public transport, car lease, bike-sharing, taxi rental, and a mixture of other services.
Key Players of Market:
- UbiGo Innovation AB
- Moovit Inc.
- MaaS Global Oy
- Mobilleo
- Citymapper
- SkedGo Pty Ltd
- Splyt Technologies Ltd.
- Beijing Xiaoju Technology Co, Ltd.
- ANI Technologies Pvt. Ltd.
- Communauto
Mobility as a Service Market Dynamics
Rapid urbanization, mounting population, and the aggravating endorsement of the intelligent transportation system are some of the foremost reasons fuelling the growth of global mobility as a service market. For example, in accordance with a report published by the United Nations, approximately 55% of the total world's population is located in urban areas and is predicted to reach 68% by 2050. Thus, this accelerating rural to urban migration will increase crowding in an urban area, hence, supplementing the growth of the market. Also, the increase in pollution level discharged by the rising number of vehicles is further impelling the market growth.
Besides this, the MaaS offers enormous advantages, which include customized services for users, convenient mode of payment via bank cards, mobile phones, and smartwatches, minor blockage, enhanced road safety, and real-time route planning. Thus, all these advantages will positively influence the Automotive Telematics Market Size. In parallel, the prevalence of several Maas solutions such as ridesharing apps like LYFT, Hitch; Via, BlaBla Car, Uber, Flex car, car2Go, GoGet, Get around, and Turo; as well as micro-mobility services which include Jump Bike and Lime Scooters will further proffer enormous growth opportunities to the market.
Further, the outburst of the coronavirus pandemic had a negative impact on several industrial verticals such as rise sharing, hospitality, and travel which is foreseen to restrict the market growth, especially in 2021. In addition, the inadequate network infrastructure across emerging and underdeveloped countries, as well as the surging apprehension towards data protection and scrutiny, will further hinder the Global Mobility as a Service (MaaS) Market Size.
Service Type Segment Drivers
As per the service type, ride-hailing is expected to seize a prominent share in the market over the coming years. This is because of the tranquillity & serenity, facileness of booking rides, growing traffic obstructions, and rising recognition towards air pollution. Moreover, the Automotive Telematics Market Forecast asserts that the multiplying number of service providers such as Uber, Careem, Lyft, Didi, Gett, Grab, and ANI Technologies Pvt. Ltd. (OLA), is further driving the market growth.
Business Model Segment Drivers
The business-to-consumer segment, according to the business model, will perceive a faster growth rate over the coming years. The augmented preferences of individuals to travel, amplifying fuel prices, and less cost of sharing mobility have stimulated the market size. Some companies involved in the B2C Maas are ANI Technologies Pvt. Ltd. (OLA), Grab, Uber Technologies Inc., Lyft, Inc., and Careem.
Mobility as a Service Market Segmentation:
Segmentation by Service Type
- Ride Hailing
- Car Sharing
- Micro mobility
- Bus Sharing
- Train Services
Segmentation by Transportation Type
- Public
- Private
Segmentation by Business Model
- Business-to-Business
- Business-to-Consumer
- Peer-to-Peer
Segmentation by Region:
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- RoW
- UAE
- Brazil
- South Africa
- Saudi Arabia
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