Mobility as a Service Market Size, Share, Trends, Growth 2032

Mobility as a Service Market Insights

Zion Market Research has published a report on the global Mobility as a Service Market, estimating its value at USD 207.7 Billion in 2023, with projections indicating that it will reach USD 1,968.85 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 28.39% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Mobility as a Service industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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The report offers a valuation and analysis of mobility as a service market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on value (USD Billion).

Mobility as a Service Market Growth Dynamics

Mobility as a service industry offers proficient solutions for moving traffic in a cost-effective manner, and swiftly. In addition to this, the rapid expansion of the telecom industry and the huge penetration of smartphones across 3G, 4G, and 5G technologies will prompt market growth over the coming years. Apart from this, a high level of network connectivity witnessed in the telecom industry will prompt the growth of mobility as a service market over the forthcoming years.

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Nonetheless, the rapid introduction of new technologies and easy access to data will elevate the growth of mobility as a service market over the forecast period. Additionally, the growing convergence of myriad transportation chain activities forming a holistic transport solution ecosystem in developed countries will steer business growth over the forecast period. Growing renewable energy trends has increased the demand for electric vehicles and autonomous cars which is likely to proliferate the growth of mobility as a service industry over the forthcoming years.

Mobility as a Service Market: Report Scope

European Market To Accrue Major Gains Over 2024-2032

The growth of the regional market over the assessment period is owing to the presence of leading service providers including Whim, Tranzer, Moovel, and Citymapper. Additionally, countries like Holland, Germany, and Finland are the first adopters of mobility as a service. With Estonia leading the globe in terms of internet speed as well as new internet technology, the market in Europe is likely to garner humungous growth over the estimated timespan.

Mobility as a Service Market: Competitive Analysis

The global mobility as a service market is led by players like:

• Whim
• Tranzer
• Moovel
• Citymapper

The global mobility as a service market is segmented as follows:

By Service Type

• Ride-hailing
• Car sharing
• Micro mobility
• Bus sharing
• Train service

By Solution Type

• Technology platforms
• Payment engines
• Navigation solutions
• Telecom connectivity providers
• Ticketing solutions
• Insurance services

By Transportation Type

• Public
• Private

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa