Mobility as a Service Market Overview:
The Mobility as a Service (MaaS) market is transforming urban transportation by integrating various mobility services into a single digital platform. By offering solutions such as ride-sharing, carpooling, and public transport access, MaaS enhances convenience, reduces congestion, and promotes sustainable transportation.
Global mobility as a service market size and share is currently valued at USD 134.34 billion in 2023 and is anticipated to generate an estimated revenue of USD 1,909.39 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 34.3% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2023 – 2032
Key Market Drivers:
- Urbanization and Traffic Congestion: Increasing urban populations are driving the need for efficient, multi-modal transportation systems.
- Rising Focus on Sustainability: Governments and consumers are prioritizing eco-friendly transportation options, boosting demand for MaaS solutions.
- Advancements in Connectivity: Widespread adoption of smartphones and improved network infrastructure are enabling seamless MaaS operations.
- Demand for Cost-Effective Mobility: MaaS provides users with affordable and flexible transportation alternatives, enhancing its appeal.
Mobility as a Service Market Future Outlook:
The MaaS market is poised for robust growth as smart city initiatives and digital transformation accelerate globally. Integration with emerging technologies such as AI, IoT, and 5G will enhance service efficiency and user experience. As electric and autonomous vehicles become more prevalent, MaaS is expected to play a critical role in shaping the future of mobility.
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Key Companies in Mobility as a Service Market:
- ANI Technologies Pvt. Ltd
- BlaBlaCar
- Careem
- Citymapper
- Cubic Transportation Systems, Inc.
- Europcar
- Fluidtime
- Grab Holdings Limited
- Lyft, Inc.
- MaaS Global
- MOBIKO
- Moovel North America, LLC.
- Moovit
- SkedGo
- Uber Technologies, Inc
Mobility as a Service Industry Developments:
Recent developments include partnerships between MaaS providers and automotive companies to incorporate electric and autonomous vehicles into their fleets. Innovations in app-based platforms are offering enhanced route optimization and real-time updates. Additionally, governments are supporting MaaS initiatives through policy incentives and infrastructure investments to promote sustainable mobility.
Mobility as a Service Market Segmentation:
Polaris Market Research has segmented the MaaS market based on solution (platforms, payment), service (ride-hailing, car-sharing, public transport), transportation type (road, rail, air), payment type (prepaid, pay-as-you-go), and application (personal, business). This segmentation highlights the diverse and adaptable nature of MaaS solutions across various user needs.
Mobility as a Service, Solution Outlook (Revenue – USD Billion, 2019 – 2032)
- Booking & Ticketing Solutions
- Application Technology Solutions
- Journey Planning & Management Solutions
- Payment Solutions
- Others
Mobility as a Service, Service Outlook (Revenue – USD Billion, 2019 – 2032)
- Public Transport Services
- Ride-sharing Services
- Ride-hailing Services
- Micromobility Services
- Others
Mobility as a Service, Transportation Type Outlook (Revenue – USD Billion, 2019 – 2032)
- Public Transportation
- Private Transportation
Mobility as a Service, Payment Type Outlook (Revenue – USD Billion, 2019 – 2032)
- Subscription-based
- On-demand
Mobility as a Service, Application Outlook (Revenue – USD Billion, 2019 – 2032)
- Peer-to-Peer
- Business-to-Consumer
- Business-to-Business
The MaaS market is revolutionizing transportation by providing convenient, efficient, and sustainable mobility solutions. As technology and urbanization advance, MaaS will continue to reshape the way people and goods move, driving the future of global mobility.