CHICAGO, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Mobility as a Service (MaaS) Market study by “Data Bridge Market Research” provides details about the market dynamics affecting the Mobility as a Service (MaaS) market, Market scope, Market segmentation, and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. This Mobility as a Service (MaaS) report proves to be the finest and most excellent market report as it is generated with a myriad of critical factors. To put the marketplace clearly into focus, the most up-to-date market insights and analysis has been offered via this report. The market data presented in the report helps to recognize different market opportunities present internationally. Mobility as a Service (MaaS) report is also useful when launching a new product or expanding the business regionally or globally. Moreover, it considers both qualitative and quantitative techniques of market analysis where focus groups or in-depth interviews and customer survey or analysis of secondary data has been carried out respectively.
Data Bridge Market Research analyses that the mobility as a service (MaaS) market was valued at USD 93.72 billion in 2021 and is expected to reach the value of USD 951.23 billion by 2029, at a CAGR of 33.6% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Mobility as a Service (MaaS) Market Overview:
Mobility as a service is a consumer-centric model for providing people with transportation. The service refers to the integration of transportation methods such as car and bike sharing, taxis, and car rentals/lease through digital channels, allowing consumers to plan, book, and pay for a variety of mobility services. The main idea behind developing MaaS is to provide travellers with mobility solutions based on their travel requirements.
Mobility, as a term, refers to movement and includes various modes of transportation as well as the improvement of mobility services through the adaptation of technology with emerging developed countries across various regions. Focusing on the development of smart cities with low carbon dioxide emissions and reduced pollution in the region. Mobility services such as Ola, Uber, Zip Car, and others aided in the growth of the mobility market.
Some of the major players operating in the mobility as a service (MaaS) market are:
- Avis budget group (U.S.)
- car2go NA, LLC (U.S.)
- Beijing Xiaoju Technology Co, Ltd. (China)
- Mobiag (Portugal)
- movmi Shared Transportation Services Inc. (Canada)
- Uber Technologies Inc. (U.S.)
- ANI Technologies Pvt. Ltd. (India)
- Lyft, Inc. (U.S.)
- Careem (UAE)
- Bolt Technology OÜ (Estonia)
- Gett (U.K.)
- HERTZ SYSTEM, INC. (U.S.)
- Aptiv (Ireland)
- Enterprise Holdings Inc. (U.S.)
- MOBIKO (Germany)
- Europcar (France)
- Curb Mobility (U.S.)
- BlaBlaCar (France)
- Wingz (U.S.)
Recent Development
- In April 2019 Mobilleo introduced a hailing ride transportation option that can connect wirelessly for contacting nearby car or taxi ride services. Collaboration with multiple services and the ability to connect globally from anywhere for mobility services such as ride hailing.
- In May 2020 Mobility as a service will be available. Global Oy collaborated with Finland's largest, Enfuce, to launch a new payment mode, introducing card payments via a mobility app. The collaboration resulted in creation master card prepaid cards and the market for mobility as a service.
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Critical Insights Related to the Mobility as a service included in the Report:
- Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
- Value chain analysis of prominent players in the market
- Current trends influencing the dynamics of this market across various geographies
- Recent mergers, acquisitions, collaborations, and partnerships
- Revenue growth of this industry over the forecast period
- Marketing strategy study and growth trends
- Growth driven factor analysis
- Emerging recess segments and region-wise market
- An empirical evaluation of the curve of this market
- Ancient, Present, and Probable scope of the market from both prospect value and volume
Opportunities
- High prevalence of electric vehicles
The rise of electric vehicles for more comfortable and environmentally friendly transportation at a lower cost is opening up new opportunities for the mobility as a service market.
Mobility as a Service (MaaS) Market Dynamics
Drivers
- Government support
Support from various governments across the regions in developing and introducing passenger vehicles and electric passenger vehicles, such as buses, has improved transportation modes while also developing charging infrastructure for electric vehicles and investing in providence. This contributes to the market's rapid growth.
- Increased convenience
Modes of transportation such as bike sharing, car sharing, ride sharing, bike commuting, trains, and passenger vehicles have increased. Wireless connections with improved internet connectivity 5G and 4G LTE connection with high internet speed and wireless communication with the driver over telecom with the use of smart phones have increased the market of mobility as a service.
- Transport solutions
Increased modes of transportation with improved solutions such as traffic management, parking management, mobility management, less emission which resulted in green cities and the development of smart cities, lower costs, and fewer accidents have increased the market rate.
Restraints
- Regulatory standards and lack of awareness
Market participants must meet the regulatory standards of each country in which they sell their products, which limits the growth of the mobility as a service market. The lack of understanding about the lifetime costs of private vehicles and service owners will be a significant challenge for the mobility as a service market.
This mobility as a service (MaaS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the mobility as a service (MaaS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Global Mobility as a Service (MaaS) Market Scope and Market Size
By Service type
- Car Sharing
- Bus Sharing
- Train
- Ride Hailing
- Bi-Cycle Sharing
- Self-Driving Cars
By Solution
- Navigation Solutions
- Ticketing Solutions
- Technology Platforms
- Insurance Services
- Telecom Connectivity Providers
- Payment Engines
By Transportation type
- Public
- Private
By Vehicle type
- Four Wheelers
- Bus
- Train
- Micro Mobility
By Application platform
- IOS
- Android
By Requirement Type
- First and Last Mile Connectivity
- Off-Peak and Shift Work Commute
- Daily Commuter
- Airport or Mass Transit Stations Trips
- Inter-City Trips
By Organization Size
- Small and Medium Enterprises (SMEs)
- Large Enterprises
Usage
- Commercial
- Personal
Mobility as a Service (MaaS) Market Country Level Analysis
The countries covered in the mobility as a service (MaaS) industry report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Global (MEA) as a part of Global (MEA), Brazil, Argentina and Rest of South America as part of South America.
China dominates the Asia-Pacific mobility as a service market because of the presence of top mobility as a service (MaaS) providers and the region's high adoption rate of IoT devices for the public.
The expansion of the enterprise sector, internet penetration, and mobile devices for the public sector in the United States is contributing to the country's growth in the North America mobility as a service market.
Table of Content: Global Mobility as a Service (MaaS) Market
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Market Overview
- Global Mobility As A Service (Maas) Market, By Service Type
- Global Mobility As A Service (Maas) Market, By Solution Type
- Global Mobility As A Service (Maas) Market, By Transportation Type
- Global Mobility As A Service (Maas) Market, By Vehicle Type
- Global Mobility As A Service (Maas) Market, By Application Platform
- Global Mobility As A Service (Maas) Market, By Requirement Type
- Global Mobility As A Service (Maas) Market, By Organization Size
- Global Mobility As A Service (Maas) Market, By Usage
- Global Mobility As A Service (Maas) Market: Company Landscape
- Swot Analysis
- Company Profile
- Questionnaire
- Related Reports
To Get the Full Table of Content, Visit @ https://www.databridgemarketresearch.com/toc/?dbmr=global-mobility-as-a-service-market
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