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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Mobility as a Service Market Growth
Mobility as a service (MaaS) refers to the integration of multiple means of transportation into a single platform to provide comprehensive mobility services. Numerous services and solutions can be integrated, including public transportation, taxis, car leases or rentals, as well as combinations of any of these. MaaS providers collaborate with data service providers to obtain real-time weather and traffic updates and with payment gateway vendors to offer consumers a pay-per-use facility.
The key drivers fuelling the growth of the global mobility as a service (MaaS) market include the increasing use of autonomous cars and electric vehicles, the integration of big data to enhance MaaS offerings, the inclusion of on-demand ferry and freight services, the rise of smart city initiatives, improvements in 4G/5G infrastructure, and the penetration of smartphones.
Moreover, the emphasis on reducing carbon emissions and promoting eco-friendly transportation alternatives is driving the adoption of MaaS solutions, aligning with global sustainability goals and initiatives. Companies like Moovit and MaaS Global are incorporating electric vehicles into their services, contributing to the reduction of carbon emissions in urban areas.
Mobility as a Service Market Report Snapshots
Mobility as a Service Market Size
Mobility as a Service Market Growth
Mobility as a Service Market Trends
Mobility as a Service Market Share
Mobility as a Service Companies
Mobility as a Service Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market for mobility as a service attained a value of nearly USD 221.33 billion.
The market is projected to grow at a CAGR of 17.50% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 945.72 billion by 2032.
The major drivers of the market include the growing investments in smart transportation infrastructure, increased digitalisation, proliferation of the large number of OEMs into the market, and rising congestion of urban roads.
Increase in the number of vehicles, rising number of initiatives by various governments, and expansion of modes of transportation are the key trends propelling the growth of the market.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various types of mobility as a service in the market are car sharing, micro mobility, ride hailing, bus sharing, and train services.
Digital platforms known as Mobility as a Service (MaaS) platforms enable complete trip planning, electronic ticketing, and payment services for all forms of public and private transportation.
MaaS providers are integrators of various modes of transportation and mobility that offer a unified platform for consumer convenience.
Key players in the market are MaaS Global Ltd., Moovit App Global Ltd., Uber Technologies Inc., SkedGo Pty Ltd, and FOD Mobility UK Limited, among others.
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