Mobility as a Service (MaaS) Market To Reach USD 372.1 Billion By 2026

The major contributing factor for the growth of the market for Mobility as a Service (MaaS) can be convergence and growth of the telecom sector and the transportation industries.

Market Size – USD 42.3 billion in 2018, Market Growth - CAGR of 23.79%, Market Trends - rise of small-form factor in memory devices.

NEW YORK, April 01, 2019 (GLOBE NEWSWIRE) -- The  is expected to grow from USD 42.3 billion in 2018 to USD 372.1 billion by 2026, at a CAGR of 23.79% during the forecast period. Growth of transport and telecom sectors, since mobility services are the integration of transportation and telecom industries; increase in use of smartphones with 3G and 4G compatibility and high network connectivity; growth of cashless payments and online transactions which can be done using smartphones; and less expensive than other travelling options, such as personal vehicles are some of the driving factors of the market.

High initial investment requirements and lack of technological expertise available for the MaaS may restrain the growth of the Mobility as a Service (MaaS) market.

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Further key findings from the report suggest

• The Mobility as a Service (MaaS) market is segmented by service type into ride-hailing, self-driving car service, bi-cycle sharing, car sharing, and bus sharing. The ride hailing segment is expected to witness highest growth of approx. CAGR of 26.6% during the forecast period, due the global acceptance of ride hailing, at all levels, from enterprises to personal need. The assured pickups and cashless transaction services boost the growth of the segment.
• The Mobility as a Service (MaaS) market is segmented by application into android, iOS and others. Android segment is expected to witness highest growth of CAGR 25.3% during the forecast period, due to adverse adoption of android smartphones due to cheaper prices and variety of functions, as compared to the other application types.
• The Mobility as a Service (MaaS) market is segmented by vehicle type into passenger cars, bus and bikes. Passenger cars are expected to witness highest growth CAGR of 25.2% during the forecast period, due to the growing competition among vendors in the market, and consumption at personal level globally. For instance, Ola and Uber provides its customers with a range of options for travelling, from rentals, to sharing and from sedan cars to mini & micro cars.
• The Mobility as a Service (MaaS) Market is segmented by Geography into North, America, Europe, Asia Pacific, Latin America and Middle East & Africa. APAC, since has completely adopted mobile phones across multiple industries, is expected to witness the highest growth in its CAGR 28.1% during the forecast period. Moreover, China leads the market in the region and is dominated by Didi Chuxing. Europe is supposed to dominate the market with a market share of USD 130.2 billion in the forecast period, due to the dominance of some of the leading vendors like Yandex, Uber, Gett, Blablacar, and MyTaxi, across the region.
• Key players with in Mobility as a Service (MaaS) market areWhim App, UbiGo AB, SkedGo Pty Ltd., Moovel Group GmBH, Lyft, Inc., Uber Technologies, Inc., Ola, Shuttl, Splyt Technologies Ltd., Transit Systems Pty Ltd., Smile Mobility, Qixxit, and Beeline Singapore

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For the purpose of this report, the market has been segmented on the basis of service type, applications, business model, vehicle type and regional analysis.

• Mobility as a Service (MaaS) Market by service type (Revenue, USD Million; 2018-2026)
  • Self-driving car service
  • Ride-hailing
  • Car sharing
  • Bi-cycle sharing
  • Bus sharing
• Mobility as a Service (MaaS) Market by applications (Revenue, USD Million; 2018-2026)
  • Android
  • iOS
  • Others
• Mobility as a Service (MaaS) Market, by business model (Revenue, USD Million; 2018-2026)
  • B2B
  • B2C
  • P2P rentals
• Mobility as a Service (MaaS) Market, by vehicle type (Revenue, USD Million; 2018-2026)
  • Bus
  • Passenger cars
  • Bikes

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Mobility as a Service (MaaS) Market Regional Outlook (Revenue, USD Million; 2018-2026)

• North America
  • US

• Europe
  • Germany
  • France
  • UK
• Asia Pacific
  • China
  • Japan
  • India
• Middle East & Africa
• Latin America
  • Brazil

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