Mobility as a Service (MaaS) Market to Reach USD $372.1 Billion by 2026 | Reports and Data

NEW YORK, August 29, 2019 (Newswire.com) - ​​​The major contributing factor for the growth of the market for Mobility as a Service (MaaS) is the convergence and growth of the telecom sector and the transportation industries.

The Mobility as a Service (MaaS) market 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 the transport and telecom sectors, as mobility services are the integration of the transportation and telecom industries, increase with the use of smartphones with 3G and 4G compatibility and high network connectivity, the growth of cashless payments, and online transactions, which can be done using smartphones and are less expensive than other traveling options, such as personal vehicles, which are driving factors of the market.

High initial investment requirements and the lack of technological expertise available for 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, bicycle sharing, car sharing and bus sharing. The ride hailing segment is expected to witness the highest growth of an approximate 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. The Android segment is expected to witness the highest growth, with a CAGR of 25.3% during the forecast period due to the adoption of Android smartphones due to cheaper prices and a 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, buses and bikes. Passenger cars are expected to witness the highest growth CAGR of 25.2% during the forecast period, due to the growing competition among vendors in the market and consumption at a personal level globally. For instance, Ola and Uber provide its customers with a range of options for traveling, from rentals to sharing and from sedan cars to mini and micro cars.
   
• The Mobility as a Service (MaaS) Market is segmented by Geography into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. APAC has since completely adopted mobile phones across multiple industries and is expected to witness the highest growth in its CAGR of 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 within the Mobility as a Service (MaaS) market are Whim 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
  • Bicycle 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
  • U.S.
• Europe
  • Germany
  • France
  • U.K.
• Asia-Pacific
  • China
  • Japan
  • India
• Middle East and Africa
• Latin America
  • Brazil

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