Global Mobility as a Service Market by Service Types (Ride Hailing, Car Sharing, Micro Mobility, Bus Sharing, and Train), Operating Systems (Android, iOS, and Others), Business Models (Business to Business, Business to Customer, and Peer to Peer), Vehicle Types (Passenger Vehicles and Commercial Vehicles), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East &Africa) Forecast, 2020-2027

The global mobility as a service market is projected to expand at a high CAGR during the forecast period. The growth of the market is attributed to rising demand for mobility services, improved 4G/5G infrastructure, smartphone penetration, need to reduce CO₂ emissions, increasing urbanization, and growing number of smart city initiatives.

Mobility as a service (MaaS) is the incorporation of several modes of transport services into a single platform offered in the form of a mobile application. Mobility of services operator offers numerous options such as public transport, taxi or car lease or rental, or a combination of any of these. MaaS operators work with data service suppliers to get real-time information about traffic or weather. The operator operates with the transportation manufacturers, local fleet operators, and governmental bodies. MaaS provider operates in collaboration with the payment gateway suppliers for the customers to avail a pay-per-use model.

Market Trends, Drivers, Restraints, and Opportunities:

• Increase in the number of vehicles has added to road traffic overcrowding and parking obstacles in urban areas, which has led to the fast development of regularized public transport systems, which is projected to drive the global mobility as a service market during the forecast period.
• Rise in the adoption of mobile devices and rapid penetration of internet data services are expected to drive the market.
• Rapid urbanization across the globe is projected to propel the market growth.
• Lack of technological expertise and requirements for capital investments are expected to restrain the mobility as a service market during the forecast period.
• Deploying a MaaS platform needs efforts from various stakeholders such as infrastructure providers, telecom operators, service providers, user groups, the public sector, and manufacturers. Government authorities in numerous countries prefer the public-private partnership (PPP) model to execute a project. This model allows private sector businesses to participate in government initiatives to deploy and finance projects. The combination of public and private transportation suppliers becomes a challenging task.
• Conjunction of several transport supplier chains in transport service ecosystem is expected to create opportunities in the market during the forecast period. Some of the popular payment systems used by users for MaaS comprise pay as you go model and monthly subscription model. Additionally, the growth in the adoption of electric vehicles for clean and comfortable transport at a low cost is driving the market growth.

Scope of the report:

The report on global mobility as a service market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Global Mobility as a Service Market Segment Insights:

Based on service types, the mobility as a service market can be divided into car sharing, micro mobility, ride hailing, bus sharing, and train. The ride hailing segment is projected to dominate the market during the forecast period owing to its global acceptance at all levels. Increasing traffic congestion, ease of booking, government initiatives to increase awareness, and passenger comfort & convenience are enhancing the demand for ride sharing. Ride hailing is easily incorporated with public transport, as it is an on-demand transportation service, which is accessed by a single user.

In terms of operating systems, the market can be segregated into android, iOS, and others. The android segment is projected to dominate the market during the forecast period owing to the rapid increase in the use of androids as compared to iOS across the globe.

On the basis of business models, the mobility as a service market can be categorized as business to business, business to customer, and peer to peer. The business to customer (B2C) segment is projected to account for a dominant share of the market during the forecast period. B2Cmodel for mobility, as a service application requires integration to mobility service suppliers’sales systems. Manufacturers of mobileacross the globe are competing with each other to comprise mobiles with improved technology.

Based on vehicle types, the market can be divided intopassenger vehicles and commercial vehicles. The passenger vehicle segment is expected to grow at a significant pace and dominate the market during the forecast period, as it offers a broad range of applications such ride hailing, car rental type services, and car sharing.

On the basis of regions, the global mobility as a service market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to dominate the global market during the forecast period due to increasing urbanization and high population, which increase the requirement for efficient transportation. Developing regions are projected to experience growth in urban transportation with many countries in Asia Pacific adopting smart personal mobility to decrease travel time and congestion.