Mobility-as-a-Service Market to grow by USD 456.64 billion from 2022 to 2027- Technavio

NEW YORK, Oct. 24, 2023 /PRNewswire/ -- The mobility-as-a-service market is estimated to grow by USD 456.64 billion from 2022 to 2027, growing at a CAGR of 33.84%. The mobility-as-a-service market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer mobility-as-a-service market are Beeline.com Ltd., Beijing Xiaoju Technology Co. Ltd., Communauto Inc., GoEuro Corp., Greenlines Technology Inc, Kyyti Group Ltd, Lyft Inc, Mercedes Benz Group AG, Mobilleo, moovel North America LLC, Moovit Inc, SkedGo Pty Ltd., Splyt Technologies Ltd., Sway Mobility Inc., The ESP Group, Transit Systems, Tranzer BV, Uber Technologies Inc, and Whim. The report provides a full list of key companies, their strategies, and the latest developments. Download Sample before buying

Company Offering:

• Beeline.com Ltd. - The company offers mobility-as-a-service such as employee shuttle. 
• Beijing Xiaoju Technology Co. Ltd. - The company offers mobility-as-a-service such as taxis, hitch, and bikes.
• Communauto Inc - The company offers mobility-as-a-service such as taxis, and shared cabs. 
• For details on companies and their offerings – Buy the report!

By Geography, the market is classified as APAC, Europe, North America, Middle East and Africa, and South America.

• APAC is projected to contribute 45% by 2027. The Mobility as a Service (MaaS) market in the APAC region is poised for significant growth during the forecast period, driven by several key factors. One of the primary drivers is the escalating pace of urbanization, accompanied by an increase in disposable income in countries like China, Japan, India, and Australia. Furthermore, the growing awareness and popularity of ride-hailing services, along with the appeal of cost-effective commuting alternatives, are contributing factors. In particular, countries like China and India are experiencing notable growth in their MaaS sectors. 

 Download sample report to get more insights on the market share of various regions and the contribution of the segments.

• Impactful driver- Increase in use of smart connected devices
• Key Trend - Ongoing efforts for the development of autonomous vehicles
• Major Challenges - The need for high initial investments in infrastructure 

 Market Segmentation

• The market share growth of the ride-hailing segment will be significant during the forecast period. Ride-hailing service providers offer convenient and cost-effective solutions, enabling users to book rides on demand via their mobile applications. The attractiveness of these services is growing, driven by the increasing expenses associated with private car ownership and the challenges of finding parking space. Major ride-hailing operators such as Uber Technologies Inc. and Lyft, Inc. have made substantial investments in advertising across various media channels, including digital, television, and print, to enhance brand recognition. 

Technavio Research experts have provided more insights on the market share of segments - View Sample Report

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TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Service 

7 Market Segmentation by Vehicle Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
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SOURCE Technavio