Mobility as a Service Market
According to a research report published by MarketsandMarkets, the mobility as a service (MaaS) market is experiencing remarkable growth and is projected to reach USD 40.1 billion by 2030, with a CAGR of 32.1% from 2021 to 2030.
Factors driving market growth:
- Increasing smart city initiatives
- Growing adoption of on-demand mobility services
- Need to reduce CO2 emissions
- Improved 4G/5G infrastructure
- Penetration of smartphones
- Moovit Inc. (Israel)
- MaaS Global Oy (Finland)
- Citymapper (UK)
- Mobilleo (UK)
- SkedGo Pty Ltd (Australia)
- UbiGo (Sweden)
- Splyt (UK), and many more…
- Four-wheelers are expected to hold the largest market share.
- Growing popularity of ride-hailing and car-sharing services.
- Integration of electric and autonomous cars in MaaS.
- Ride-hailing is estimated to lead the MaaS market.
- Global acceptance at all levels, from personal to enterprise use.
- Factors driving demand include ease of booking, increasing traffic congestion, and passenger comfort.
- Android is projected to register the highest CAGR from 2021 to 2030.
- Higher usage of Android smartphones in developing countries.
- Market share estimated at 64.3% and projected to be 65.0% by 2030.
The MaaS market is witnessing significant growth due to the convergence of technology and transportation, providing convenient and sustainable mobility solutions. With the increasing focus on smart cities and the rising demand for on-demand transportation, MaaS is expected to play a pivotal role in shaping the future of mobility.