World News: 04:00 GMT Thursday 10th October 2019. [Technavio Research via Businesswire via SPi World News]
The mobility-as-a-service market size is expected to post a CAGR over 35% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
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Technavio has announced its latest market research report titled global mobility-as-a-service market 2019-2023. (Graphic: Business Wire)
Government support towards promoting the use of the public transport system is expected to boost the mobility-as-a-service market growth during the forecast period. Government agencies are increasingly promoting the use of public transport infrastructure to mitigate the growing concerns of pollution and congestion in cities. Government agencies are supporting the development and implementation of MaaS platforms, which includes the development of mobile apps that integrate public transport information and various other services.
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As per Technavio, the MaaS partnerships with transportation companies will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Mobility-as-a-Service Market: MaaS Partnerships with Transportation Companies
MaaS providers are focusing on expanding the breadth and modes of transportation services by partnering with transportation companies. MaaS providers are focusing on providing seamless integration between public and private transportation services through mobile ticketing and fare validation solutions. This is done by partnering with civic transportation authorities and large multimodal transportation companies. Partnerships have enabled them to add public bus, city metro/trams, railways, and even flight services to their portfolio.
“The introduction of various measures to restrict the registration of new private vehicles due to the increase in pollution and traffic congestion will drive mobility-as-a-service market growth in APAC. Additionally, the rise in domestic tourism and growing popularity and awareness about ride-hailing services as a cheaper commute option will also drive the growth of the market in the APAC region,” says a senior analyst at Technavio.
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Mobility-as-a-Service Market: Segmentation Analysis
This market research report segments theby service (e-hailing, car sharing, and others) and geography (APAC, Europe, MEA, North America, and South America).
The APAC region led the market in 2018, followed by North America, Europe, South America, and MEA respectively. The growth of the MaaS market share in APAC can be attributed to factors such as the rising urbanization, growing disposable income in countries such as China, Japan, India, and Australia, and the increasing population in the age group of 15-64 years in the region.
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Some of the key topics covered in the report include:
Five Forces Analysis
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Business Wire: 04:00 GMT Thursday 10th October 2019
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