Mobility as a service (MaaS) is the perfect way to get the last mile connectivity, with several modes of transportation, all listed at one single platform which enables its users to choose a mode as per their convenience. Some of the most sought-after benefits of this service model are the on-demand ride, with a varied number of choices offered such as the type of pricing, type of commute, real-time journey update, and choice of driver, among others. This model is the perfect way for riders to plan their journey, book a ride for the journey, estimate the cost involved, make the payment as per the desired mode, and share the feedback if any with the service provider.
It is a type of service, which caters to a vast base of customers irrespective of their gender, demography, and age. As per the research report published by BIS Research, titled ‘Global Mobility as a Service Market – Analysis and Forecast, 2018-2028’, the market is estimated as $31.45 billion in 2018 and is expected to reach $1759. 82 billion by 2028, growing at a CAGR 49.55%, during the forecast period from 2018 to 2028.
The development of more and more technologies in the arena of telecommunications and the wide-spread use of smartphones are likely to support the penetration of this service. At the base level, this service combines the offerings of both the service providers and vehicle manufacturing companies present in the automotive industry to offer a complete service package.
The report released by BIS Research, also indicates that as per projections, the MaaS market is likely to grow at an exponential rate by 2020s, for autonomous technology, telematics-based solutions, and electric charging infrastructure. During the period from 2020 to 2050 factors that are expected to be dominant in the market are the use of e-bikes, air-taxis, autonomous vehicles, electric vehicles, cycles, and scooters for last mile connectivity.
Additionally, for the purpose of the study, the report segmented the MaaS market by service type, requirement type, usage, region. Based on the analysis, it was found that in 2017, the Americas contributed the maximum to the market. However, by 2028, the region of APAC is expected to have the maximum share of the market.
It is a type of service, which caters to a vast base of customers irrespective of their gender, demography, and age. As per the research report published by BIS Research, titled ‘Global Mobility as a Service Market – Analysis and Forecast, 2018-2028’, the market is estimated as $31.45 billion in 2018 and is expected to reach $1759. 82 billion by 2028, growing at a CAGR 49.55%, during the forecast period from 2018 to 2028.
The development of more and more technologies in the arena of telecommunications and the wide-spread use of smartphones are likely to support the penetration of this service. At the base level, this service combines the offerings of both the service providers and vehicle manufacturing companies present in the automotive industry to offer a complete service package.
The report released by BIS Research, also indicates that as per projections, the MaaS market is likely to grow at an exponential rate by 2020s, for autonomous technology, telematics-based solutions, and electric charging infrastructure. During the period from 2020 to 2050 factors that are expected to be dominant in the market are the use of e-bikes, air-taxis, autonomous vehicles, electric vehicles, cycles, and scooters for last mile connectivity.
Additionally, for the purpose of the study, the report segmented the MaaS market by service type, requirement type, usage, region. Based on the analysis, it was found that in 2017, the Americas contributed the maximum to the market. However, by 2028, the region of APAC is expected to have the maximum share of the market.
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