Description
The mobility as a service market size was valued at USD 3.72 Billion in 2021 and projected to reach USD 23.12 Billion by 2028, growing at a CAGR of 32.56% during the forecast period, 2022-2028. The convergence and growth of the transportation and communication industries drive market growth. Other significant reasons for boosting mobility as a Service (MaaS) market growth include rapid urbanization, smart city efforts, enhanced 4G/5G infrastructure penetration of smartphones, increased demand for mobility services, and the desire to minimize CO2 emissions. Mobility as a Service (MaaS) is a form of service that provides consumers with a single digital channel via which they may plan, book, and pay for various mobility services. The MaaS concept is spreading due to a growing emphasis on adopting a user-centric approach to mobility services as an integrated system.
