Need for Sustainable Transportation Models Pushes Growth in Mobility-as-a-Service (MaaS) Market

Mobility-as-a-service (MaaS) is an amalgamation of diverse transport systems driven by a singular and centralized mobility solution, available as an on-demand service. Adroit Market Research takes a detailed tour of mobility-as-a-service (MaaS) market and identifies chief growth propellants.

Need for a robust transportation matrix with several transport options and payment models available on demand is poised to substitute privalety owned vehicles to reduce the burden on fuel consumption besides curtailing the massive carbon footprint. Growing mindfulness about fuel efficiency and the need to restore depleted fuel resources and ecological equilibrium drive reliance on advanced connected transportation space, revolutionizing mobility-as-a-service (MaaS) market.

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Mobility Provider Bolt Closes Gotcha Acquisition to Optimize its MaaS Model Transportation

Mobility -as-a-service industry is rapidly growing industry, evolving from its nascent state to a mature industry per se. The industry is strongly shaped by vital commercial developments such as M&A ventures. IN this regard, mobility-as-a-service (MaaS) provider Gotcha has been recently acquired by micromobility start-up, Bolt who is recently contemplating market expansion across approximately 50 new markets across the US. With micromobility architecture of Bolt, local connectivity across educational hubs, city landmarks as well as enterprises can be benefitted with improved interconnectivity. The development is a significant milestone, enabling affordable and improved transportation and widening growth prospects for MaaS (mobility-as-a-service) market. 

Emerging economies such as India Solidifies its MaaS Offerings with New Digital Hub in Hyderabad

With digital transformation in the core, market participants such as Fiat Chrysler Automobiles has recently collaborated with Wipro to establish a novel technology hub in Indian city Hyderabad. The IT model is aimed at diversifying transportation services with its new mobility-as-a-service offerings. As per the collaborations, Wipro would be offering IT expertise and skill allowing FCA to emerge as an agile MaaS provider in the country, placing it favorably on the growth curve.

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The major players of global mobility as a service market are Uber Technologies, Inc., Ola Cabs, Shuttl, Splyt Technologies Ltd., Transit Systems Pty Ltd., Lyft, Inc., Didi Chuxing Technology Co., Grab, Whim, Citymapper, SkedGo Pty Ltd, Moovit Inc., Moovel Group, Splyt Technologies Ltd., Ubigo Innovation AB, etc. Rising investments and expansion of MaaS by industry players have impacted significantly the market growth. For example, an Estonian ride-sharing company, Bolt is formerly known as Taxify has risen the funding worth USD 175 million from Daimler AG in May 2018. The company believes that this funding will help them in expanding their operations in Africa as wells as in the European region.

Key Segments of the Global Mobility as a Service Market

Service Overview, 2018-2025 (USD Billion)

Ride-hailing
Ridesharing
Self-driving car service
Others

Vehicle Type Overview, 2018-2025 (USD Billion)

Four Wheelers
Three Wheelers
Others

Regional Overview, 2018-2025 (USD Billion)

North America
The U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of APAC
South America
Brazil
Rest of South America
The Middle East and Africa
UAE
South Africa
Rest of Middle East & Africa

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Who should buy this report?

This study is suitable for industry participants and stakeholders in the global mobility as a service market. The report will benefit:

Every stakeholder involved in developing and supporting mobility as service technologies and applications.
Managers within financial institutions looking to publish recent and forecasted statistics pertaining to global mobility as a service market.
Government organizations, regulatory authorities, policymakers and financial organizations looking for mobility as a service funding trend in global mobility as a service market.
Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.

Major Points from Table of Contents:

Chapter 1    Introduction

            1.1    Introduction to the Study

            1.2    Market Definition and Scope

            1.3    Key Stakeholders

            1.4    Key Questions Answered

Chapter 2    Research Methodology

            2.1    Introduction

            2.2    Data Capture Sources

                    2.2.1    Primary Sources

                    2.2.2    Secondary Sources

            2.3    Market Size Estimation

            2.4    Market Forecast

            2.5    Assumptions and Limitations

Chapter 3    Executive Summary

Chapter 4    Market Outlook

            4.1    Introduction

            4.2    Micro-economic Indicators

            4.3    Market Dynamics

                    4.3.1    Drivers

                                    4.3.1.1    Rising Internet and Smartphone Penetration

                                    4.3.1.2    Increasing Adoption of Connected Devices

                                    4.3.1.3    Growing Necessity of Intelligent Transport Solutions in Emerging Economies

                    4.3.2    Market Restraints

                                    4.3.2.1    High initial investment requirements

                    4.3.3    Market opportunities

                                    4.3.3.1    Development of Autonomous Vehicles for Ride Sharing

            4.4    Porter’s Five Forces Analysis

            4.5    PEST Analysis

Chapter 5    Mobility as a Service Market by Service

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