Mobility as a service is the concept of providing transportation services to consumers which include individuals, enterprises, government organizations as well as other different end-users that reduce the usage of personally-owned vehicles to public transportation or even private transportation which is provided in an on-demand service model. Additionally, these services are planned according to the traveler's needs and also cost accordingly. Also, users can pay the money as per trip or a monthly fee. Users can also have flexibility with cost and time. Now a day, ride-sharing service is trending which is convenient at low cost.
Global Mobility as a Service Market: Key Players
The research study includes profiles of leading companies operating in the global mobility as a service market. Key players profiled in the report include: Lyft, Inc., Uber Technologies Inc., Beeline Singapore, SkedGo Pty Ltd, UbiGo AB, MaaS Global Oy, Moovel Group, Deutsche Bahn AG, DiDi Chuxing, Grab, Splyt Technologies Ltd, and Transit Systems Pty Ltd.
Drivers for the Global Mobility as a Service Market:
According to current market condition, rising growth of transportation service available on-demand this factor is expected to propel the growth of the market. Additionally, growing focus on digitalization and adoption of digital payment solutions providing various financial benefits will also propel the market growth. Enhanced levels of growth associated with the transportation and telecom industries giving rise to better quality of mobility services acts as a market driver. Moreover, focus of governments and authorities on increasing the usage of mobility as a service this factor is expected to have a positive impact on the growth of the market.
Opportunities for the Global Mobility as a Service Market:
Increasing the utilization of smartphones is setting up growth opportunities for the market. Also, the rise in the speed of the internet is also bolstering the demand of the market to the extent. Furthermore, the market is driven by the adoption of the latest technology in implementing a cashless transaction service.
Restrains for the Global Mobility as a Service Market:
However, lack of awareness associated with the benefits of this service over vehicle ownership this factor is expected to hinder the growth of the market. Concerns regarding security of information and data privacy with these services will also impede the market growth. Apart from that, large levels of investment required for the establishment of these services this factor is expected to restrict the growth of the market.
Region Wise, Global Mobility as a Service Market Analysis:
On the basis of region, global industrial IoT market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is witnessed in leading significant shares of the market by owing to the adoption of the latest technological advancements and the launch of various applications that are user-friendly. North America region is followed by Asia pacific and Europe.
Global Mobility as a Service Market: Product analysis
- Bi-cycle sharing
- Bus sharing
- Car sharing
- Self-driving car service
Global Mobility as a Service Market: Application analysis
Global Mobility as a Service Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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