Mobility as a Service Market 2019 Global Recent Trends, Competitive Landscape, Size, Segments, Emerging Technologies and Industry Growth by Forecast to 2023 | Corona-Virus Impact
A shift from privately owned modes of transportation towards mobility solutions that are consumed as a service is called as mobility-as-a-service. This is enabled through a combination of services from the private and public transportation sectors via a unified gateway. This gateway can manage the trip, and users pay for it with a single account. The users can pay for these services per trip or purchase a monthly plan for a limited distance.
The global mobility-as-a-service market is expected to accrue higher level of growth over the forecast period. Market Research Future (MRFR), in their latest report has suggested that the market is expected to ascend at a 36% CAGR between 2017-2023. Rapid development of the public infrastructure and various regulatory policies are foundational elements guiding the developments of the cities, making them less vehicle-centric. Hence, MaaS provides solutions for moving traffic and goods in more convenient, faster and cost-effective transportation. These features of the market are known to proliferate the growth of the mobility-as-a-service market over the assessment period.
Furthermore, elevating penetration of smartphones with 3G and 4G supportability and high connectivity levels are anticipated to foster growth in the global mobility-as-a-service market. A surge in cashless transactions is also assessed to drive the adoption of mobility-as-a-service solutions by consumers. The global mobility-as-a-service market is expected to garner the revenue valuation of USD 253.6 billion by the end of 2023.
The global mobility-as-a-service market analysis is segmented on the basis of type, deployment, application, services, application platform, and region. The market is segmented into public and private, based on type. Based on services, the MaaS market is segmented into bike-sharing services, car-sharing services, pop up bus services, e-hailing services, and self-driving car services. The market is segmented, based on deployment, into on-premises and on-cloud. Based on application platform, the MaaS market is segmented into iOS platform and android platform.
Detailed Regional Analysis
The global mobility-as-a-service market is studied for the regional segments of North America, Asia Pacific (APAC), Europe, and the Rest-of-the-World (RoW). Europe is likely to rule the global mobility-as-a-service market during the forecast period, as per the latest MRFR report. Europe is assessed to accrue significant growth in the mobility-as-a-service market. Finland, Germany, the UK, and France are expected to spearhead the country-specific market for mobility-as-a-service over the assessment period. Growth in the rising standard of living of people residing in the area, coupled with quick developments noted in the automotive and transportation sectors are expected to promote the upscaling of the mobility-as-a-service market in Europe.
North America is anticipated to register substantial market growth over the conjecture period owing to a number of factors. A robust network infrastructure which can aid in smooth deployment of advanced mobility-as-a-service solutions has led to the upsurging implementation of such technologies. Moreover, consumer preference towards such solutions, over public transport has provided an extra push to market growth. The United States is likely to spearhead the mobility-as-a-service market in North America, accounting for a significant market share. Canada is expected to follow the United States and fetch the second-largest share of the regional market by 2023. However, Asia Pacific is expected to upscale at the fastest rate over the forecast period.
Some of the well-known players in the mobility-as-a-service market include BMW Group (Germany), Apple Inc. (U.S.), Alliance Corporation (Canada), Xerox Corporation (U.S.), Uber Technologies Inc. (U.S.), Lyft, Inc.(U.S.), MaaS Global (Finland), Daimler AG (Germany), Deutsche Bahn (Germany), and Communauto (Canada).
August 2019: WHILL and Scootaround recently announced their collaboration to develop and offer a mobility-as-a-service model that can be implemented everywhere. The two companies have an objective to improve the current travel landscape for mobility device users by increasing freedom and independence.
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