Mobility as a Service (MaaS) Market to Gain Remarkable Traction through 2030

Posted by aartimurkute on November 26th, 2021

The concept of mobility as a service (MaaS) is fostering utility and sustainability across urban landscapes. There is no contention about the need for developing agile urban mobility models that can facilitate smart and seamless movement of the masses across cities. Several countries have developed dedicated public mobility service platforms to alleviate the pressures on private transport. ‘Smart Commute’ in Canada’s Greater Toronto and Hamilton Area is a good example of a digital platform for carpool and ride-share bookings. In light of the aforementioned factors, it is safe to expect that the global mobility as a service (Maas) market would cradle towards developing a surplus pipeline of revenues in the times to follow.

The essence of smart mobility solutions lies in creating a collaborative ecosystem that leverages the power of digital platforms. These platforms connect various nodes of the urban mobility infrastructure. People residing in remote locations from the city center are in dire need of public mobility solutions that provide safe and seamless commute options. Henceforth, state authorities are aggressively investing in digital platforms that can provide mobility options to these population groups.

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Smart City Development Projects to Power the Growth of Mobility as a Service Market

Development of a safe and equitable public transport system is on the priority charter of several state authorities. As these authorities begin to integrate smart technologies into urban and rural planning initiatives, the demand for smart mobility solutions is expected to rise. This will necessitate the use of digital platforms that offer mobility options and services to population groups from various areas. In recent times, public-private partnerships (PPPs) for smarter and connected mobility services are gaining prominence across urban centers. These partnerships are expected to play a key role in bringing fragmented mobility solutions across cities under a single umbrella. Henceforth, mobility as a service is transcending as a critical service dimension across the smart city landscape.

Asia Pacific to Witness Stupendous Proliferation in Smart Mobility Solutions Integration

The mobility as a service industry in Asia Pacific is booming at the behest of strategic investments in smart solutions and technologies across major countries in the region. Singapore alone is expected to contribute a significant share of revenues to the global mobility as a service (MaaS) market. Singapore’s Smart Mobility 2030 plan which is a part of its strategic ITC plan is creating headways for growth within the MaaS industry. Besides, the growing carbon footprint of the transport sector is prompting government authorities in Asia Pacific to devise smart mobility plans. Europe, on account of the robust green development projects in the region, is also emerging as a lucrative market for mobility as a service.

Some of the leading market players coexisting across the global mobility as a service market are Daimler AG, Uber Technologies Inc., Lyft Inc., Deutsche Bahn AG, BMW AG, Grab, ANI Technologies Ltd., Citymapper, Moovit Inc., and MaaS Global Ltd. These vendors are playing a key role in integrating smart mobility solutions into the functional framework of urban centers.

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