|Market Size in 2018||Market Forecast in 2025||CAGR (in %)||Base Year|
|USD xx Billion||USD 99.8 Billion||32%||2018|
Mobility as a Service Market
The Global Mobility as a Service Market Size was worth around USD xx Billion in 2018 and is predicted to grow to around USD 99.8 Billion by 2025 with a compound annual growth rate (CAGR) of roughly 32% between 2019 and 2025.
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 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).
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.
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.
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.
By Service Type
By Solution Type
By Transportation Type