The mobility-as-a-service market will power at a rate of 16.8% by the end of this decade to reach USD 519,697.5 million by the end of this decade. The rising concerns over GHG emissions, urban road congestion problems, cost-effectiveness, and suitability of MaaS, and mounting government initiatives are enabling the acceptance of MaaS, which is responsible for the progress of the industry.

The ride hailing category led the industry with over 50%, share in the past. The development in the travel and tourism sector at a global level and the shift from conservative offline systems to online systems are improving the requirement for ride hailing services.

The daily commuting category led the mobility-as-a-service market in the past and it is will also grow at a fastest rate of over 17%, in the future. The industry growth is because of the growing demand for shared mobility services amongst the youth, for example students and professionals, for meeting their everyday commuting needs.

Moreover, several initiatives bound for reducing the count of private vehicles will encourage the usage of shared mobility amongst people.

The car category led the industry in the past. The primary introduction of car rental and carsharing services is the key factor behind the domination of the industry of this category. Furthermore, the advanced value chain and regulatory support in numerous nations have supported the requirement for car rental and carsharing services.

APAC led the industry with a share of about 40%, in the industry. Amongst all the nations at a global level, China is the largest industry for shared mobility services. In the past, more than a few cities across China augmented the use of EVs across numerous service platforms, to endorse a greener environment. With incessant support from the government through policies and incentives, the industry in China will validate robust development in the future.

It is because of the increased rate of urban road congestion all over the world, the demand for mobility-as-a-service solution is on the rise. This trend will continue in the years to come as well.