The global mobility as a service market size was estimated at USD 189 billion in 2022 and is expected to hit around USD 912.35 billion by 2032 and is poised to grow at a CAGR of 17.1% during the forecast period 2023 to 2032.
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Mobility the word itself defines movement it includes various modes of transportation and improving the mobility services with the adapting technology with emerging developed countries across various regions. Due to increasing population increased demands for the mobility services which includes ride sharing, car sharing, bike commuting, public transport, trains are in demand. There is a wide growth of the mobility as a service during the forecast period. Focusing on development of the smart cities with low emission of carbon dioxide and decreased pollution in the region. Mobility such as Ola, uber, zip car and many more helped the mobility service to boost the market.
Developed manufacturing and technologies with the increased demands from the consumer have enhanced the mobility service market. Service mobility has gained the trust of customers over developed technology which provide effective and safe journey securely with in the time. Mobility service market with various developments of transport ride sharing, bike sharing, car sharing is estimated to grow and boost the market during the forecast period. The continues demand of the mobility service from the consumer in the emerging developed region have derived the market high.
Enormous growth factor to increase the mobility as a service market with advanced technologies and facilities provided to the customers. Improved modes of transportation from one end to another increased the mobility management. Wireless connection from one mode to another it involves three domains consumer, driver and supporter. Wireless connecting through internet connectivity booking the transport with the smart phones. Improved internet connectivity technology with high internet speed with improved performance and good output.
Mobility as a service gained the trust of the customer with secure journey, reduced cost, reaching the destination before the time, transmission of the information over smart devices about the traffic jams over the lanes, decrease pollution because of less vehicles on the road and less emission of the carbon dioxide, increased parking management, relieve from riding or driving the vehicle itself, safe journey, safe driving, less accidents on the road. Increased solutions include traffic management, parking management, mobility management, ticket solution, navigating through wireless connection, phone connectivity, online payment which have shown an increased revenue share to rise the mobility as a service market.
The increased demand of the mobility as a service and inculcate in to the business development having maximized the growth of mobility service management. The market players involved with increased research and development have raised the market growth during the forecast period.
Key Market Drivers
Report Scope of the Mobility as a Service Market
|Market Size in 2023||
USD 220.37 Billion
|Market Size by 2032||
USD 912.35 Billion
|Growth Rate from 2023 to 2032||CAGR of 17.1%|
|Forecast Period||2023 to 2032|
|Segments Covered||Service Type, Solution Type, Transportation Type, Vehicle Type, Application, Operating System, Business Model, Propulsion Type, Mode, End User, and Geography|
|Companies Mentioned||Lyft, Inc., Moovit, Inc., Uber Technologies, Inc, Communauto, Inc, Citymapper, Ltd, MaaS Gobal Oy, uBIgO Innovation AB, SkedGo Pty, Ltd., Moovel Group GmbH|
Key Market Challenges
Key Market Opportunities
Mobility as a service on the basis of application with increased utilization in traffic management, parking management, mobility management, with increased application services, journey planning accordingly payments done online with easy transactions, decreased number of accidents in the regions with improved technologies overall. Usage in business development collaboration with many other market players with improved technology and wireless connections which maximized the market. Rise of the market with the utilization of the mobility services which helped to boost the market growth high.
End User Insights
Mobility as a service on the basis of end user utilization in various sector for business developments, transport services, academics, civil work, hospital transport facility, municipal sector, with improved technology and wireless connection mobility became easy with high internet speed without interruption have gained the attention of the market with increasing commercial vehicles and private vehicles across the regions.
Mobility as a Service Market Share, By Region, 2022 (%)
|Regions||Revenue Share in 2022 (%)|
Mobility as a service on the basis of geographical regions with emerging under developed countries with new developments and features in mobility as a service management. Asia pacific to be at the top position to hold the market growth and increase the revenue share to boost the market of mobility as a service. North America, Europe, Latin America, Middle East and Africa to hold the highest position of mobility as a service with increasing demands due to increased population.
Key market players
Segments covered in the report
By Service Type
By Solution Type
By Transportation Type
By Vehicle Type
By Operating System
By Business Model
By Propulsion Type
By End User
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