The mobility as a service market is anticipated to grow by USD 510.22 Billion by 2030 rapidly growing at a CAGR of 27.74% during the forecast period.

1. Mobility as a Service Market Growth, Industry Analysis,
Business Opportunities and Latest Innovations
Market Overview:
The mobility as a service market is anticipated to grow by USD 510.22 Billion by 2030
rapidly growing at a CAGR of 27.74% during the forecast period. The global mobility as
a service market is driven by rapid expansion of public infrastructure and favourable
government policies. These factors have helped shape the mobility as a service market
and are expected to boost the growth. Companies in the mobility as a service market
could also face challenges such as concerns regarding the safety of MaaS systems. The
details covered in the mobility as a service market report cover all the aspects of the
industry. Mobility as a service market analyst have also shared growth projections in
the report and have suggested mobility as a service market player to plan growth
strategies accordingly.
Governments across the world are adopting initiatives for promoting digital payments.
The Indian government for instance launched the Digital-India initiative which focuses
to foster cashless transactions and digital payment methods all across the country. The
growing number of e-commerce companies coupled with the growing use of e-wallets
to make transactions will boost market growth. The development of safe and highly
secured payment gateways will fuel market growth. Various mobility as a service
company such as Ola, Lyft, Uber, and others are offering shopping coupons and
cashback on payments that is made through e-wallets.
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Opportunities
Rising Use of Smart Connected Devices to offer Robust Opportunities
The number of smart connected devices is increasing across the globe. With the
increase in devices, it has become challenging in managing, monitoring, and maintaining
the data. Hence the demand for M2H and M2M communications will increase as they
help end users in simplifying the management, maintenance, and monitoring of
connected devices. Currently, enterprises are experiencing significant improvements in
business process for the adoption of IoT analytics. The close monitoring of business
processes results in more effective decisions in real-time. The increase in connected
devices is a key factor that is boosting the demand for MaaS over the forecast period
COVID-19 Analysis
Companies like Lyft and Uber has experienced a huge ride drop owing to the COVID-19
pandemic. People are keeping away from such services for the growing concerns about
the virus to spread. Besides, the maximum population working from home, there has
been a reduction in public transport by about 70-80% worldwide. This had a negative
effect on the market that led to a fall in revenue across all regions.

2. Regional Overview
Companies in the mobility as a service market are spread across the world. The mobility
as a service market report provides major information about regional markets of North
America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American
mobility as a service market has many companies across the United States, Canada, and
Mexico. Europe has companies in the mobility as a service market across Germany,
France, Spain, Italy, and the United Kingdom. A detailed analysis of the mobility as a
service market across India, China, and Japan in the Asia-Pacific region is also presented
in the report. The mobility as a service market of the Middle East, Africa, and other
regions has also been studied by analysts. The regional analysis of mobility as a service
market can be found in the market research report.
Industry News
The purchase of the leading mobile vehicle repairs and servicing company extends Cox
Automobile Mobility Fleet Optimization and marketplace services capabilities and
global scope. The mobile repair services specialist at Dickinson will be the gateway to
the future success direction of Pivet. Dickinson Fleet Services' technical learning can be
extended to benefit Cox Automotive partners and consumers learning, growing and
implementing in the space of mobile fleet services.
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3109
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