LONDON--(BUSINESS WIRE)--The mobility-as-a-service market size is expected to post a CAGR over 35% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
Government support towards promoting the use of the public transport system is expected to boost the mobility-as-a-service market growth during the forecast period. Government agencies are increasingly promoting the use of public transport infrastructure to mitigate the growing concerns of pollution and congestion in cities. Government agencies are supporting the development and implementation of MaaS platforms, which includes the development of mobile apps that integrate public transport information and various other services.
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As per Technavio, the MaaS partnerships with transportation companies will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Mobility-as-a-Service Market: MaaS Partnerships with Transportation Companies
MaaS providers are focusing on expanding the breadth and modes of transportation services by partnering with transportation companies. MaaS providers are focusing on providing seamless integration between public and private transportation services through mobile ticketing and fare validation solutions. This is done by partnering with civic transportation authorities and large multimodal transportation companies. Partnerships have enabled them to add public bus, city metro/trams, railways, and even flight services to their portfolio.
“The introduction of various measures to restrict the registration of new private vehicles due to the increase in pollution and traffic congestion will drive mobility-as-a-service market growth in APAC. Additionally, the rise in domestic tourism and growing popularity and awareness about ride-hailing services as a cheaper commute option will also drive the growth of the market in the APAC region,” says a senior analyst at Technavio.
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Mobility-as-a-Service Market: Segmentation Analysis
This market research report segments the mobility-as-a-service market by service (e-hailing, car sharing, and others) and geography (APAC, Europe, MEA, North America, and South America).
The APAC region led the market in 2018, followed by North America, Europe, South America, and MEA respectively. The growth of the MaaS market share in APAC can be attributed to factors such as the rising urbanization, growing disposable income in countries such as China, Japan, India, and Australia, and the increasing population in the age group of 15-64 years in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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