Mobility as a Service Market Size Worth $1,909.39 Billion By 2032 | CAGR: 34.3%

The global mobility as a service market size is expected to reach USD 1,909.39 billion by 2032, according to a new study by Polaris Market Research. The report “Mobility as a Service Market Share, Size, Trends, Industry Analysis Report, By Solution; By Service; By Transportation Type; By Payment Type; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Asia-Pacific is expected to experience significant growth during the forecast period. The widespread popularity of ridesharing and ride-hailing services, exemplified by companies like Grab in Southeast Asia and Ola in India, has contributed significantly to the growth of MaaS. These services offer on-demand and shared mobility options, aligning well with the MaaS concept. Asia Pacific's widespread adoption of mobile payment solutions has greatly facilitated the financial aspect of MaaS. It allows users to conveniently pay for various transportation services through a single platform, enhancing the user experience.

Several cities in the Asia-Pacific region are actively investing in smart city initiatives, with MaaS as a central component of their transportation strategies. These smart city projects prioritize sustainable and efficient mobility solutions to address the challenges of urbanization. The continuous advancement of digital platforms, mobile applications, and real-time data sharing has made MaaS solutions more accessible and user-friendly. It has also improved the efficiency of transportation services.

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Technological advancements are pivotal in revolutionizing the MaaS industry. Mobile applications form the core, providing seamless planning, booking, and payment for diverse transportation modes. Real-time data integration offers users insights into service availability and traffic conditions. Diverse payment methods, including contactless options, ensure secure and convenient transactions. MaaS platforms integrate multiple modes, fostering comprehensive travel choices.

Advanced algorithms optimize route planning, supported by predictive analytics and IoT connectivity for real-time communication. Emerging technologies such as autonomous vehicles and 5G connectivity offer safer and more efficient transport. Blockchain secures transactions, while environmental sensors and data analytics promote eco-friendly modes. These advancements create an interconnected, efficient, and sustainable urban transportation ecosystem.

Mobility as a Service Market Report Highlights

• The application technology solutions segment held a significant share in 2022, owing to a rise in demand for mobile apps, multimodal integration, and integration of data analytics
• Ride-hailing services segment held a significant share in 2022, owing to greater demand for first-and-last mile solutions, and an increase in ridesharing and pooling
• The public transportation segment held a significant share in 2022, owing to its cost-effectiveness and government collaboration
• On-demand segment held a significant share in 2022, owing to flexibility and seamless integration with MaaS platforms
• The business-to-consumer segment emerged as the largest segment, mainly due to increasing demand for multimodal services, user convenience, and pricing transparency
• Asia-Pacific is expected to experience significant growth during the forecast period, owing to the implementation of smart cities and growing demand for ridesharing and ride-hailing services
• The global key market players include Grab Holdings Limited, ANI Technologies Pvt. Ltd, Moovit, Lyft, Inc., Uber Technologies, Inc, among others

Polaris Market Research has segmented the Mobility as a Service market report based on solution, service, transportation type, payment type, application and region:

Mobility as a Service, Solution Outlook (Revenue - USD Billion, 2019 - 2032)

• Booking & Ticketing Solutions
• Application Technology Solutions
• Journey Planning & Management Solutions
• Payment Solutions
• Others

Mobility as a Service, Service Outlook (Revenue - USD Billion, 2019 - 2032)

• Public Transport Services
• Ride-sharing Services
• Ride-hailing Services
• Micromobility Services
• Others

Mobility as a Service, Transportation Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Public Transportation
• Private Transportation

Mobility as a Service, Payment Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Subscription-based
• On-demand

Mobility as a Service, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Peer-to-Peer
• Business-to-Consumer
• Business-to-Business

Mobility as a Service, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Mobility as a Service Market Report Scope