Mobility as a Service Market Estimated to Perceive Aggrandized Growth: MRFR Unleashes Industry Prognostications to 2023

PUNE, India, Aug. 23, 2017 /PRNewswire/ -- Market Research Future published a half-cooked research report on "Global Mobility as a Service Market Research Report - Forecast to 2023" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Lyft (U.S), Car2Go (U.S), Uber (U.S), Hailo (U.K), Bridj (U.S), Ridepal (U.S), Ola (India), Make my trip (India), Wiwigo (India), Grabtaxi (Singapore), Didi Dache (China), Lecabs (France), Cabify (U.S) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Mobility As A Service Market.

Mobility as a Service Market Overview

Mobility As A Service Market is growing rapidly mainly due to the high adoption of online Mobility Services. According to a recent study report published by the Market Research Future, Globally, the market for Mobility As A Service has increased its market growth in recent years and is expected to grow at a rapid pace during the forecast period. The global market of MaaS is forecasted to witness a thriving growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2023). 

Increasing online mobility service is a key driver for Mobility as a Service market. Innovation and advancements in online mobility service is a prime factor that drives the growth of  the Mobility as a Service market. Mobility as a Service market is evolving across the world. The study shows a recent trend of adopting online mobility service. The high adoption is resulting in an on demand transportation system for Mobility as a Service market. A recent trend in smart technologies is boosting the Mobility as a Service market.

As urban density continues to grow, MaaS provides an alternative way to move more people and goods in a way that is faster, cleaner, and less expensive than current options. By adding more variability into the supply side of transportation, MaaS could transform a relatively inflexible transportation system into one that is significantly more pliable.

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Future of MaaS Market:

Future iterations of MaaS should create an integrated system of mobility that is more flexible than the existing transportation network, where supply is aligned with actual demand and where more choices are provided to enable commuters with ways that are easier, faster, cheaper, cleaner, and safer than those currently available. Mobility will shift to a greater extent becoming a service in which physical mobility and digital services merge into a high-quality door-to-door service that meets the users' needs. In the future various transport service chains should work seamlessly together. This means a holistic change in the entire transport system and in the roles of the transport operators.

Mobility as a Service Market - Competitive Analysis

Characterized by the presence of several major well-established players, the global Market of Mobility As A Service appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. The Key players operating in the market compete based on pricing, technology, reputation and services.

Mobility as a Service Global Market – Segments

The Global Mobility as a Service Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Type: Comprises Bus, Cab, Flight.

Segmentation by Application: Comprises Personalized application service, Dynamic Journey management, Flexible payment, Transactions Journey planning.

Segmentation by Services: Comprises E hailing services, Bike sharing, Car sharing, Pop up bus services, Self-Driving car, Available routes, Pricing information, MaaS customer transaction validation, Real time asset/vehicle position, Asset usage by customers, Ride sharing, Transport Operator assets and other services.

Segmentation by End Users: Comprises Public sector, Private sector.

By end-user segment, the public and private sector would account for a largest users of MaaS market due to the increasing trend of adoption of online mobility service in transportation sector.

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Mobility As A Service Market – Regional Analysis

The regional analysis of Mobility as a Service market is being studied for region such as Asia pacific, North Americas, Europe and Rest of the World.

North America accounted for the largest share of the Mobility as a Service. This is measured as a strong presence of major vendors and the wide adoption of Mobility as a Service. Technological advancements in ease of transportation system to handle traffic control and cover the distance in time has driven the market of Mobility as a Service in North America. The study reveals that Mobility as a Service is trending in North America region.

Europe region is also showing the positive sign towards online mobility services at a very rapid pace in the Mobility as a Service market during the forecast period as MaaS is providing best services to travel and security to the travellers.

The Mobility as a Service market in Asia-Pacific (APAC) is expected to show the highest pace of using these services in the forecast periods. It can be considered that growing adoption of online service in transportation sector for various applications such as online payment online distance tracking, number of ride and many others facilities can reach to the highest point along with the new development in technology. Asia-Pacific countries like China, Japan and India have shown considerably fair share in the Mobility as a Service market but will be growing fast in coming time.

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