The urban mobility industry is growing fast and innovative solutions are being offered to people all over the globe. However, the number of mobility servicer are rising at a rapid pace, thus user may face some challenges while choosing better travelling options. In addition, the mobility as a service industry is separation and has huge number of growth opportunities for the business people, particularly across the emerged countries. Moreover, the survival of limited, broad, as well as neighborhood providers in the MaaS market generates huge competition across the globe. Likewise, MaaS or mobility as a service is a one of the growing concept which offers new and innovative opportunities across the transportation industry by enhancing consumer travel choice, support, as well as preference in the transport services. On the other hand, MaaS is a kind of transportation service which combined into an automatic mobile application which operates with a digital platforms and maintain bookings, electronic ticketing, end-to-end trip planning, and payment services in the private and public sector. Thus, government agencies are hugely promoting the adoption of public transport services to mitigate the rising concerns about environmental pollution and congestion in urban areas.
The mobile as a service solution has a wider scope to alter the way of selecting the transportation route to travel with the offering prospects for policymakers to secure benefits to increase the total traveling experience. In addition to this, mobility as a service may be one of the most exciting opportunities for transportation agencies in decades as well as will enable a new mobility reality where people will no longer use or buy a private fleet, putting transportation industries at the center of large and small size mobile as a service ecosystems across the world, reducing congestion, ensuring equity, and aiding obtain environmental and social goals. Moreover, huge number of future trends such as convergence of different number of transport chains building a holistic transport service ecosystem, and rising self-driving vehicles in the emerged regions are anticipated to contribute to the expansion of the global mobility as a service market into coming years.
According to the geographical outlook, the Asia Pacific region will account for one of the largest mobility as a service market revenue over the forecast period. In addition, the measures taken by the Chinese government to limit the registering new private vehicles, growing disposable income of people, as well as increasing urbanization in China, India, Japan, and Australia are some of the major factors that are expected to add to the growth of the mobility as a service market across the region. Furthermore, MaaS service providers are majorly concentrating on extending the modes and breadth of the transportation services by making partnerships with several other transportation companies. However, strategic partnership will allow number of leading service providers to add trams/metro, flight, and railway services to their product portfolio. In addition, partnerships with multimodal transportation companies and civic transportation authorities has also resulted in an enhanced seamless collaboration among private and public transportation services.