Authored By: Sarah
03 Dec 2023

Mobility-as-a-Service Market to worth up to USD 639.92 bn through 2024-2028  : Thanks to Shift in adoption from CAPEX model to OPEX model in Business wordwide

Market's expansion of Mobility-as-a-Service (MaaS) Market is contingent upon many variables, including the need for increased operational efficiency, the transition from the CAPEX to OPEX model adoption.

Between 2023 and 2028, the mobility-as-a-service (MaaS) market is projected to develop at a compound annual growth rate (CAGR) of 35.15%. It is anticipated that the market would grow by USD 639.92 billion.

Top businesses involved are Aptiv Plc, Avis Budget Group Inc., Ltd., Bolt Technology OU, Communauto Group, EAN Services LLC, Europcar Mobility Group SA, GoEuro Corp., Greenlines Technology Inc., GT Gettaxi UK Ltd., Hertz Systems Ltd. Sp. z.o.o, Lyft Inc., MaaS Global Oy, Mercedes Benz Group AG, MOBIKO GmbH, etc. in Mobility-as-a-Service Market for both domestic and international endusers.

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Snapshot of Mobility-as-a-Service Market Forecast Analysis

Navigating through the business drivers : Utilising flexible IT solutions has become necessary for many businesses due to mounting cost challenges brought on by erratic business and economic situations. Licencing, system customization and design, installation, training, and maintenance are all included in the cost of the on-premises deployment model. Organisations must invest a significant amount of money in the solution in addition to the cost of the solution itself, which raises the total OPEX.

Mobility-as-a-Service Market structure and competitive landscape are shown by Technavio’s market research with unique business revenue and product analysis methodology. Learn more about the market dynamics and the aspects that our report's in-depth analysis predicts will have the biggest impact on the market under review.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 35.15%.

  2. What is the incremental growth of the market?
    The market is expected to grow by USD 639.92 bn through 2024-2028.

  3. What is a key factor driving this market?
    Increase in use of smart connected devices will drive market growth over the forecast period.

  4. What are the key regions covered in this market research report?
    APAC, Europe, North America, Middle East and Africa, and South America are the key regions featured in this research report.

  5. Which is the leading geographic region for this market:
    46% growth will originate from APAC

  6. What are the market segments covered in this report?
    The market is segmented by Service (Ride hailing, Car sharing, and Bus sharing and others), Vehicle Type (Cars, Buses, and Two-wheelers), and Geography (APAC, Europe, North America, Middle East and Africa, and South America)
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