The global Mobility as a Service – MaaS is all set to witness strong growth and is projected to touch almost $2700 billion by 2034, which is up from $381 billion in 2024. This goes on to represent a CAGR of almost 21.5% from the focus period right from 2025 to 2034.
It is well to be noted that in 2024, the North American market dominated the overall MaaS market with more than 35% market share, thereby generating almost $133 billion in terms of revenue. The ride-hailing services segment went on to lead the market, comprising more than 35% of its share.
Interesting public Transport was the next in line as a dominant sector and held more than 54% of the market share. The journey planning as well as management solutions also contributed in quite a way, with a commanding 27%. The on-demand segment, which was powered by flexible travel options Comprised of more than 68% of the market.
Also, Android devices went on to emerge as a preferred platform for MaaS, thereby capturing over 63% of the market share. When it came to the B2C sector, it also played a crucial role, holding more than 60% of the MaaS market share. All these trends go ahead and reflect a rising consumer preference when it comes to flexible, more accessible, and efficient transportation options.
The viewpoint
As of now, the MaaS market happens to be driven by rising demand when it comes to flexible, convenient, and integrated transportation solutions. Ride-hailing services, along with public transportation, go on to dominate the spectrum, thereby reflecting a transition to shared mobility and also sustainable options.
The demand when it comes to journey planning as well as management solutions underscores a requirement when it comes to seamless as well as customized travel choices.
With advancements in technology, such as the growth of electric vehicles, along with the integration of AI in terms of smarter journey planning, the MaaS market is going to witness further adoption along with innovation, especially in the emerging markets. The MaaS future looks promising with prominent potential when it comes to growth, which is driven by consumer demand along with technological advancements.
Regional evaluation
North America happens to hold a dominant share when it comes to the global MaaS market, comprising more than 35% in 2024 with revenues touching almost $133 billion. Notably, the US market alone happens to be valued at $125 billion and is also anticipated to rise at a CAGR of almost 18%.
The region’s robust market position happens to be driven by rising adoption when it comes to ride-hailing services, public transportation infrastructure, which is very well established, and rising demand when it comes to flexible mobility solutions. Europe, along with Asia Pacific, is also going at a fast pace, thereby rising the MaaS adoption specifically in the urban areas.
Opportunity in business
The MaaS market goes on to present a prominent opportunity, especially in the development when it comes to on-demand services along with integrated mobility solutions. Companies that happen to focus on offering flexible as well as real-time transportation choices like ride-hailing, transport integration, and car sharing are bound to thrive.
Moreover, there is indeed a growing demand when it comes to innovative solutions like journey planning as well as management. With the transition towards electric vehicles, along with autonomous transport, there is also an emerging opportunity when it comes to SMART transportation services that are sustainable.
Moreover, the mobile application platforms, especially Android, go on to present a viable business opportunity when it comes to mass providers in order to enhance the user experience as well as engagement.
Major player evaluation
Major players in the mobility as a service – MaaS market happen to be focused on coming up with integrated platforms that offer easy mobility solutions throughout the various modes of transportation. Companies happen to be leveraging the mobile technology, especially Android, in order to deliver customized journeys, planning payment options, and ride-hailing services.
Partnerships between transportation providers, technology companies, and local governments happen to be prominent when it comes to expanding MaaS solutions. Companies stressing sustainable, on-demand services as well as expanding their global reach are indeed expected to take the lead in the market.
The recent progress
Recent developments when it comes to mobility as a service – MaaS market include rising stress on integrating multiple transportation choices, such as ride-hailing , car sharing, and public transport, on a single platform. The advancements when it comes to mobile technology, especially Android applications, have gone on to better the user experience by helping real-time tracking along with payment solutions.
Moreover, there happens to be an increased focus when it comes to sustainability by way of the integration of electric vehicles and eco-friendly transportation solutions, which are gaining a lot of traction. The transition when it comes to autonomous vehicles also goes to present a novel opportunity for MaaS providers.
Finally
The MaaS market is all set for very robust progress, with North America going ahead and leading the way. The demand when it comes to flexible on-demand transportation choices, in addition to advancements in technology, goes on to present a major opportunity as far as innovation and expansion within the global market are concerned.
