Mobility as a Service (MaaS) is a term used for the services that provide mobility solutions. It includes an application that provides access to mobility with a single payment channel instead of multiple ticketing and payment operations. It’s an alternative for personally-owned modes of transportation along with their issues like planning, parking, maintenance, and others.

Market Dynamics

The increasing heavy vehicular traffic along with the rising pollution across the globe is supporting market growth. The growing demand for on-demand transportation service, favorable government support for the development of MaaS, industry-friendly policies, integration of multi-layered service levels into one exclusive service package, and growth of public-private partnerships for service development are some of the major factors accelerating the market growth. Additionally, the emerging economies and ongoing infrastructural development are some of the factors projected to create demand over the forecast period from 2020 to 2027.

Ride-hailing segment accounted for the major share in the global market

In 2019, the Ride-hailing segment by service type registered maximum share in terms of value in the global market. Ride-hailing means the booking rides and paying for car services through a smartphone app with a transportation network company (TNC). The ease of booking and passenger comfort offered by ride-hailing is supporting the segmental market value.

The market research study on “Mobility as a Service Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global Mobility as a Service market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global Mobility as a Service market, its service type, application OS, transportation type, vehicle type, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global Mobility as a Service market size and volume, and segment markets by service type, application OS, transportation type, vehicle type, and geography along with the information on companies operating in the market. The Mobility as a Service market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.

Asia Pacific accounted for the dominating share in the global market

In 2019, Asia Pacific has registered the maximum share (%) in global mobility as a service market. The rapid urbanization, increasing population, and increasing disposable income are some of the major factors accelerating the regional market growth. The major economies of the region including Japan, China, and India are accelerating the market value. The increasing environmental concern is further bolstering the market value. Additionally, the region is also projected to exhibit the fastest growth over the forecast timeframe from 2020 to 2027.

The players profiled in the report include Beeline Singapore, Citymapper (UK), Deutsche Bahn AG, DiDi Chuxing, MaaS Global Oy Mobilleo (England), Moovel Group, Moovit (Israel), SkedGo Pty Ltd, Uber Technologies Inc., UbiGo AB, and Whim (Finland).

Market Segmentation

Market By Service Type

Micro mobility

Bus sharing

Car sharing

Ride-hailing

Self-driving car service

Train service

Market By Application OS

Android

iOS

Others

Market By Transportation Type

Public

Private

Market By Vehicle Type

Micro mobility

Four wheelers

Bus

Train

Market By Geography

North America

• U.S
• Canada

Europe

• U.K
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa