Mobility as a Service Market Overview
The global Mobility as a Service (MaaS) market was valued at US$ 44.33 billion in 2017 and is projected to reach US$ 476.34 billion by 2025, expanding at an impressive CAGR of 36.4% from 2018 to 2025. This rapid growth highlights the transformative impact of digitalization, urbanization, and shared mobility trends on the global transportation ecosystem..
The concept is gaining momentum as cities worldwide face increasing congestion, pollution, and infrastructure pressure. MaaS aims to reduce dependency on private vehicles by promoting shared and sustainable transportation options. The integration of GPS, mobile connectivity, real-time analytics, and digital payment systems has enabled the creation of comprehensive mobility ecosystems that prioritize convenience and efficiency.
Market Drivers
Several critical factors are driving the expansion of the MaaS market:
Rapid Urbanization: Growing urban populations are intensifying the need for efficient transportation systems. MaaS offers a practical solution to reduce traffic congestion and parking constraints.
Smart City Initiatives: Governments are investing heavily in intelligent transportation systems and digital infrastructure, creating an enabling environment for MaaS deployment.
Technological Advancements: The widespread use of smartphones, cloud computing, AI-driven analytics, and real-time data platforms supports seamless service integration.
Sustainability Goals: Shared mobility services align with environmental objectives by reducing carbon emissions and promoting electric vehicle adoption.
Request Sample PDF Here: https://www.theinsightpartners.com/sample/TIPAR100000803
Segmental Insights
By Service Type:
Self-Driving Car Service
Ride-Hailing
Car Sharing
Bicycle Sharing and Bus Sharing
Ride-hailing and car-sharing dominate the market due to widespread adoption and strong urban demand.
By Application Platform:
Android
iOS
The Android segment holds the largest share due to its extensive global user base, open-source architecture, and compatibility with diverse hardware systems.
By Business Model:
B2B
B2C and P2P
The B2C model remains dominant, driven by direct consumer engagement via mobile applications.
By Vehicle Type:
Passenger Cars
Bike and Bus
Passenger cars account for a significant share, though bike and bus services are gaining popularity in dense urban environments.
Regional Analysis
The Asia Pacific region represents one of the fastest-growing markets, valued at US$ 16.23 billion in 2017 and projected to reach US$ 198.29 billion by 2025, registering a CAGR of 38.9%. Rapid urbanization in China, India, Japan, and South Korea, coupled with strong smartphone penetration and supportive government policies, drives regional growth.
North America and Europe also hold substantial shares due to early digital adoption, established ride-hailing platforms, and strong regulatory support for sustainable transportation initiatives.
Competitive Landscape
The MaaS market is moderately competitive, featuring a mix of global ride-hailing giants, regional mobility platforms, and specialized technology providers. Companies compete through service diversification, app integration, data analytics capabilities, and partnerships with public transit authorities.
Key Players in the Mobility as a Service (MaaS) Market
Major companies operating in the market include:
Lyft, Inc.
Uber Technologies, Inc.
Beeline Singapore
SkedGo Pty Ltd.
UbiGo AB
MaaS Global Oy (Whim App)
Moovel Group GmbH
Qixxit
Splyt Technologies Ltd.
Transit Systems Pty Ltd.
Smile Mobility
Citymapper
These players focus on expanding service portfolios, forming public-private partnerships, integrating multimodal solutions, and leveraging AI-driven analytics to enhance user experience.
Recent Developments
Strategic partnerships and expansions continue to shape the competitive landscape. Collaborations between mobility platforms and e-scooter providers have expanded multimodal capabilities across European markets. Companies are also introducing customized marketing and digital mobility solutions to enhance customer engagement and operational efficiency.
Future Outlook
The Mobility as a Service market is expected to continue its exponential growth trajectory, driven by digital transformation and the global shift toward sustainable urban mobility. The integration of autonomous vehicles, AI-powered traffic optimization, electric mobility, and blockchain-based payment systems will further redefine mobility ecosystems. As governments prioritize smart city frameworks and carbon neutrality targets, MaaS platforms will play a central role in reshaping transportation models worldwide. By 2025 and beyond, MaaS is anticipated to evolve into a fully integrated, data-driven mobility infrastructure that enhances convenience, efficiency, and environmental sustainability.
Related Reports:
