Mobility as a Service Market Overview: Size, Growth Factors, and Comprehensive Analysis for 2023-2028

According to MarkNtel Advisors study the Global Mobility as a Service Market is projected to grow at a CAGR of around 32% during the forecast period, i.e., 2023-28.

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Key Findings of the Study: Mobility as a Service market

Key Driver: Rapidly Growing Demand for On-Demand Transportation

The rising inclination of various consumers worldwide toward micro-mobility has instigated several automakers to invest massively in on-demand transportation, such as taxis, passenger vehicles, & charter vehicles, which is why the world is witnessing the rapidly increasing availability of e-bikes & scooters on rent for consumers to save time & money as they offer features like real-time feedback, flexibility, & vehicle tracking, and rating. Hence, with on-demand transportation comes the ability to identify the consumer's precise location and match demand with available supply, which are the prime aspects projected to drive the Global Mobility as a Service Market during 2023-28.

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Scope of the Report and Mobility as a Service Market Segmentation:

By Services

• Ride
  • Hailing
  • Sharing
• Vehicle Sharing
  • Car Sharing
  • Bi-cycle Sharing
  • Motorbike Sharing
• Public Transport
  • Bus Sharing/Shuttle Service
  • Train

Of them all. Ride-hailing services are expected to attain a significant share of the Global Mobility as a Service Market during 2023-28.

By Solution

• Technology Platforms
• Payment Engines
• Navigation Solutions
• Telecom Connectivity
• Ticketing Solutions
• Insurance Services

By Commuting Pattern

• Daily commuting
• First & Last-mile
• Inter-city Trips
• Off-Peak & Shift Work Commute
• Airport or Mass Transit Station
• Others (Hospital, Event Trips, Healthcare/Delivery Service & unplanned requirement)

By Pricing Model

• Pay-as-you-go
• Monthly Subscription

By Business Model

• B2B (Business to Business)
• B2C (Business to Customer)
• B2I (Business to Industry)
• B2G (Business to Government)

Mobility as a Service Market Competitive Landscape

• Whim
• BlaBlaCar
• Car2Go
• CityMapper
• DiDi Chuxing
• Grab
• LeCab
• Lyft
• Mobike
• Movit
• Ola
• Ridecell
• Uber
• Zoox
• Scoot
• Floatility
• Easy Mile
• Bridj
• Careem
• Ofo
• InDriver
• Curb Mobility
• Others

Mobility as a Service Market Development:

• In October 2022, AWS (Amazon Web Services) & the BMW Group announced a strategic collaboration for the development of customizable cloud software to simplify the distribution & management of data collected from millions of connected vehicles.
• In October 2022, Microsoft & Mercedes-Benz joined forces to make vehicle production more efficient, resilient, & sustainable. The automaker planned on connecting around its 30 passenger car plants worldwide using Microsoft's new MO360 Data Platform, thereby enhancing transparency & predictability across its digital production & supply chain.

Geographical Analysis:

By Region

• North America
• Europe
• Asia-Pacific
• Middle East and Africa
• South America

Of all regions globally, Asia-Pacific is expected to attain a prominent share of the Mobility as a Service Market during 2023-28.

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