Global Mobility as a Service Market to Reach $1.75 Trillion by 2028, Reports BIS Research

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Oct 09, 2018, 09:00 ET

FREMONT, California, October 9, 2018 /PRNewswire/ --

According to a market research report released by BIS Research titled "Global Mobility as a Service Market - Analysis and Forecast (2018-2028)", the global mobility as a service market is estimated to reach $1.75 trillion by 2028. The major drivers in this industry are the on-demand transportation services, extensive role of government in development of mobility as a service (MaaS), and integrated platform of mobility services, among others. Government policies and public-sector participation plays a very important role in the growth of the industry, and initiatives such as public-private partnership can bridge the gap of accessibility. A major focus is to break through the conventional mindset of commuters by assuring ride availability, developing customer-centric solutions, maintaining data security and privacy of consumers, and spreading awareness about the MaaS industry.

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Browse 41 market data Tables and 98 Figures spread through 203 Pages and in-depth TOC on "Global Mobility as a Service Market", authored by Mohammad Faisal Ahmad, Ravi Kumar Baid and Satendra Kumar.

According to the author, Mohammad Faisal Ahmad, "The increasing penetration of ride-sharing and smartphones in a consumer's lifestyle is expected to drive the global MaaS market. Also, the ride-sharing segment within the MaaS market is projected to witness an impressive CAGR of 51.8% for the period 2018-2028 and reach $429.3 billion by 2028."

The market intelligence report provides a detailed analysis of the key growth drivers and restraining forces of the global mobility as a service market, along with an extensive insight into various forms of developments, trends, and the key participants in the market. The mobility as a service ecosystem comprises companies from incredibly diverse backgrounds such as technology leaders, service aggregators, automotive OEM's, system integrators, and solution providers. The report analyzes a list of key collaborations, mergers and acquisitions, and the launch of new products to understand the market dynamics. For the study of this report, the final customers are the commuters or the companies that avail the services, while the suppliers are the service aggregators or service providers.

BIS Research Report: https://bisresearch.com/industry-report/mobility-service-market.html

The global transportation ecosystem has witnessed some of the drastic technological advances over the past decade. The factors which are going to impact the future growth of this industry include air-taxis, autonomous vehicles, electric vehicles, use of e-bikes, scooters, and cycles for last and first-mile connectivity with increasing dependency on gasoline vehicles during the initial phase of progress. In this highly competitive environment, the key factor for innovation and growth is disruption by offering a wide range of mobility options, ride features, and value-added services to increase the customer engagement.

The transportation industry is a parent to the Mobility as a Service Market, which will dominate the space in the future. The goal of MaaS market is to replace the conventional vehicle ownership model with a robust and dependable service model. Data is an asset for the MaaS provider for developing and optimizing service offerings. The mega trend which will influence the multi-modal products are vehicle electrification and autonomous vehicles. The MaaS market enhances the comfort level for a commuter, thus acting as one of the key factors to disrupt the conventional mindset of commuters.

According to the author of the report, Ravi Kumar Baid, "MaaS will disrupt the entire connectivity by creating a new ecosystem of personal mobility. However, it requires a stable and widespread adoption of smartphones on 4G/5G networks, updated information on travel options, dynamic schedules and real time updates along with secure cashless payment system for its effective implementation."

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The market report includes a thorough analysis of the market trends and size, along with the market estimation based on the key geographical regions. Besides providing detailed financial analyses of the key players in the market, the report also includes individual SWOT analysis of each company. Some of the key players analyzed in the report are DiDi, Uber, Ola, Grab, Lyft, Scoot, Mobike, and Careem, among others.

This report is a meticulous compilation of research on more than 100 players in the MaaS ecosystem and draws upon insights from in-depth interviews of the key opinion leaders, market participants, and vendors.

The report addresses the following questions about the global mobility as a service market:

What is Mobility as a Service (MaaS) market?
What is the market structure for MaaS in key countries?
What are the major factors impacting the market positively and negatively during 2018-2028?
What are the potential business models for the MaaS operators?
What factors have influenced the penetration of MaaS in key countries such as the U.S., the U.K. and Finland?
What are the regional dynamics of the MaaS market and strategies impacting countries in a region?
What are the additional revenue sources a MaaS provider can consider?
Analysis of the largest untapped market and what is the consumer mindset in the region?
What is the role of local authorities, global forums and governments to accelerate the development of MaaS?
Cost comparison for conventional vehicle ownership vs MaaS?
What is the role of autonomous vehicles and electric vehicle in development of MaaS?
What are the key activities and innovations in the global MaaS market?
Which are key players in the MaaS market?
What is the forecast and projected global market value for the period 2018-2028?

https://bisresearch.com/industry-report/global-automotive-telematics-market-report-forecast.html

https://bisresearch.com/industry-report/global-intelligent-transportation-systems-its-market-research-report.html

About BIS Research:

BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.

Our in-depth market intelligence reports focus on the 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.

What distinguishes BIS Research from the rest of the players is that we don't simply provide data but also complement it with valuable insights and actionable inputs for the success of our clients.

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