Mobility as a Service Industry
The global mobility as a service market is projected to hit a revenue of 99.8 (USD Billion) by 2025 at a CAGR of around 32% over the period from 2019 to 2025.
Mobility as a service industry offers proficient solutions for moving traffic in a cost-effective manner, and swiftly. In addition to this, the rapid expansion of the telecom industry and the huge penetration of smartphones across 3G, 5G, and 4G technologies will prompt market growth over the coming years. Apart from this, a high level of network connectivity witnessed in the telecom industry will prompt the growth of mobility as a service market over the forthcoming years.
Nonetheless, the rapid introduction of new technologies and easy access to data will elevate the growth of mobility as a service market over the forecast period. Additionally, the growing convergence of myriad transportation chain activities forming a holistic transport solution ecosystem in developed countries will steer business growth over the forecast period. Growing renewable energy trends has increased the demand for electric vehicles and autonomous cars which is likely to proliferate the growth of mobility as a service industry over the forthcoming years.
European Market To Accrue Major Gains Over 2019- 2025 mobility as a service market
The growth of the regional market over the assessment period is owing to the presence of leading service providers including Whim, Tranzer, Moovel, and Citymapper. Additionally, countries like Holland, Germany, and Finland are the first adopters of mobility as a service. With Estonia leading the globe in terms of internet speed as well as new internet technology, the market in Europe is likely to garner humungous growth over the estimated timespan.
The “Mobility as a Service Market – By Service, By Transportation, and By Region – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025” report has been added to ResearchAndMarkets.com’s offering and can be seen here.
