BIS Research Study Projects the Mobility as a Service Market to Reach $379.66 Billion by 2031

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Jul 15, 2022, 10:00 ET

FREMONT, Calif., July 15, 2022 /PRNewswire/ -- The premium market intelligence study by BIS Research titled Mobility as a Service Market – A Global and Regional Analysis projects the market to reach $379.66 billion in terms of revenue by 2031, at a CAGR of 25.7%.

With the changing landscape of passengers' daily commutes, the demand for an integrated mobility service platform that combines various modes of transportation, such as public transit, private vehicles, and bikes, as a compact service package has increased in recent years.

Mobility as a Service (MaaS) is one such idea that has gained traction.

A MaaS platform integrates activities such as journey planning, tracking, booking car/ride, payment, and service feedback. Service providers can easily integrate multi-modal options such as sharing a ride, car, or bike and leasing a taxi or car for a certain timespan.

The detailed study is a compilation of 65 market data tables and 64 figures spread through 204 pages and an in-depth TOC on "Mobility as a Service Market – Analysis and Forecast, 2022-2031"

Demand - Drivers and Limitations

Following are the demand drivers for the MaaS market:

Rising urbanization and smart city initiatives
Increasing adoption of on-demand mobility services
Growing trend of smart mobility with better in-vehicle facilities
Increasing parking problems and emphasis on reducing CO₂ emissions
Growing inclination toward micro-mobility

The market is expected to face some limitations too due to the following challenges:

Low awareness regarding the total lifetime cost of private vehicle ownership and service ownership
Data privacy and security concerns

Reasons to Buy this Report

This exclusive report on the MaaS market will help in the following ways:

Dedicated section focusing on the current and futuristic trends adopted by the key players operating in the global mobility as a service market
Extensive competitive benchmarking of top 15 players, offering a holistic view of the global mobility as a service market landscape
Qualitative and quantitative analysis of the global mobility as a service market at the region and country-level and granularity based on application and product segments

Analyst's Take on the Market:

According to Ayan Bandopadhyay, Lead Analyst, BIS Research, "With the evolving nature of travelers' everyday commutes, the need for a comprehensive mobility service platform that can provide convenient, cost-effective transportation methods has increased. The concept of mobility as a service (MaaS) emerged and promoted a number of developments, such as the increased adoption of carpooling. Mobility as a service (MaaS) has the potential to provide a hassle-free and sustainable transportation system for commuters."

View the report on Mobility as a Service Market

Key Companies Operating in the Market and Competitive Landscape

The companies profiled in the study have been selected based on inputs gathered from primary experts and analysis of the companies' product portfolios, key developments, and market penetration.

Some of the prominent companies established in this market are:

BlaBlaCar
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Citymapper
DiDi Chuxing
Grab
Lyft
Moovit Inc
Ola
Ridecell Inc
Uber
Zoox
Whim
Floatility
Easy Mile
Bridj
Careem
Ofo
Moovel
Bussr Technologies
Iomob
Bird Rides, Inc.

Who Should Buy This Report?

Companies manufacturing and commercializing e-bikes, e-scooters, e-moped, bikes, and scooters
Companies offering shared services, delivery services, and IoT modules
Companies manufacturing subscriber identity module cards and sensors
IoT solution and service providers
Research institutions
Automotive regulatory bodies

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Key Questions Answered in the Report:

What are the driving factors for the global mobility as a service market from 2020 to 2031?
What are the major challenges and growth opportunities for the MaaS within the mobility market?
What are the impacts of the COVID-19 pandemic on this industry?
Who are the major players, and what strategic measures have been taken to increase market penetration and market share?
What are the key developmental strategies implemented by the key players to sustain in the competitive market?
Which product type or solution is expected to lead the global mobility as a service market by 2031?
For a new company looking to enter the global mobility as a service market, which areas could it focus upon to stay ahead of the competition?

BIS Research Related Market Studies:

IoT Solutions for Micromobility Market

Intelligent Transportation Systems Market

Micro Mobility Market

About BIS Research:

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.

Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape.

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SOURCE BIS Research