Mobility As A Service Global Market Racing Up To Witness A Grand Success By 2023

“Mobility As A Service Market”
Market Research Future published a half cooked research report on “Global Mobility As A Service Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Industry Overview:

The Mobility As A Service, or MaaS is new concept of service that provides the new opportunities to improve customer travel choice and support greater efficiency in how our transport services are provided to them to travel without facing any difficulties. Mobility as a Service is a new means of transportation system has broader scope to transform the way we choose the transportation medium to travel from one place to another and provides an opportunity for policy makers to secure benefits to improve the travelling experience of the people. In a nutshell, Mobility as a Service or MaaS is a new ways of getting people to their destination and new ways for them to pay for transport services.

As urban density continues to grow, MaaS provides an alternative way to move more people and goods in a way that is faster, cleaner, and less expensive than current options. By adding more variability into the supply side of transportation, MaaS could transform a relatively inflexible transportation system into one that is significantly more pliable.

The study indicates that Mobility as a Service Industry has generated high travel demand on transport networks and Mobility as a Service Provider has managed the mobility needs of both workplaces and employees that may support a reducing the traffic in peak hours. It describes a shift away from personally owned modes of transportation and towards mobility solutions that are consumed as a service.

According to a recent study report published by the Market Research Future, Globally, the market for Mobility As A Service has increased its market growth in recent years and is expected to grow at a rapid pace during the forecast period. The global market of MaaS is forecasted to witness a thriving growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2023). 

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Major Key Players

Lyft (U.S),

Car2Go (U.S),

Uber (U.S),

Hailo (U.K),

Bridj (U.S),

Ridepal (U.S),

Ola (India),

Make my trip (India),

 Wiwigo (India),

Grabtaxi (Singapore),

Didi Dache (China),

Lecabs (France),

Cabify (U.S)

The technological development that is simultaneously taking place in many sectors makes it possible to turn mobility into a service. Wireless broadband, smart phones, other portable smart devices and location services have become more widely used and intelligent cars have entered the markets. Information also plays a key role. Transport information together with the transport and communications infrastructure form a platform on which transport services can be further developed.

MaaS will consequently become an environment friendly transportation through the deployment of fleet-based, alternative powertrain vehicles and reduced congestion through improved utilization rates of available resources. Autonomous operation will rule out the excess expenses such as Driver’s Pay, insurance costs, etc. Increase utilization rates and enable over the air-based self-servicing and preventive maintenance. The total variable cost per mile will get reduced to an extent that significantly undercuts the cost of car ownership and enable MaaS ecosystem development.

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Regional Analysis:

The regional analysis of Mobility as a Service market is being studied for region such as Asia pacific, North Americas, Europe and Rest of the World. Technological advancements in ease of transportation system to handle traffic control and cover the distance in time has driven the market of Mobility as a Service in North America. The study reveals that Europe region is also showing the positive sign towards online mobility services at a very rapid pace in the Mobility as a Service market during the forecast period as MaaS is providing best services to travel and security to the travelers. Asia-Pacific countries like China, Japan and India have shown considerably fair share in the Mobility as a Service market but will be growing fast in coming time.

Intended Audience

  • System Security
  • Software investors
  • Mobility as a Service solution vendors
  • Mobility as a Service Providers
  • Network providers
  • Transportation providers
  • Data providers
  • Transport operators
  • Transport Tracking
  • MaaS Service providers
  • Value-added Resellers
  • System Governance
  • Distributers
  • Investors and Venture Capitalist
  • Mobility as a Service Agencies
  • Technology Integrators
  • Research/Consultancy firms

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