Mobility as a Service Market

Whim (Finland) and Moovit (Israel) are the Leading Player in the Mobility as a Service Market

The Mobility as a service (MaaS) market is projected to grow to USD 106.8 billion by 2030 from USD 6.8 billion in 2020, at a CAGR of 31.7% during the forecast period. The need to manage the increasing traffic congestion has led to the rapid development of public transport infrastructure. MaaS offers efficient solutions to move traffic in more convenient, faster, and less expensive manner.

The MaaS market is led by a few global players and comprises several regional players, such as Whim (Finland), Citymapper (UK), Moovit (Israel), Mobilleo (England), Skedgo (Australia), Ubigo (Sweden) among others. The key strategies adopted by the major players in the MaaS market between 2016 and 2019 are partnerships and new product (service) developments. MaaS providers are focusing on gaining partnerships of major ride sharing players and public transportation authorities.

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Whim (Finland) is one of the leading global players in the MaaS market. The company has adopted the strategy of partnership to gain a competitive edge in the global MaaS market. In April 2019, MaaS Global and leading Japanese real estate company Mitsui Fudosan announced their strategic partnership to incorporate MaaS Global’s ‘Mobility as a Service’ platform Whim into urban development in Japan in 2019. The parties plan to collaborate with local transport service providers (TSPs) and to conduct a proof of concept in the Greater Tokyo area in 2019 and seek to accelerate the collaborative relationships.

Moovit (Israel) is another leading player in the global MaaS market. The company invests heavily in new product developments and gaining partnerships. It plans on expanding its service offerings to cater to customers located around the world, while establishing itself as a strong player in the market. It has adopted the strategy of partnerships and new product developments to increase its presence in the MaaS market. In March 2019, Moovit  announced a new partnership with Donkey Republic to add its bike service to the app. Not only can commuters access traditional bus, metro and train services through the free Moovit app but will also be able to discover sustainable and efficient travel options from Donkey Republic’s fleet,  which will save them time and reduce the need for a car for first and last mile options.

Related Reports:

Mobility as a Service Market by Service (Ride Hailing, Car Sharing, Station Based Mobility, Bus Sharing, Train), Solution (Platforms, Payment, Navigation, Telecom Connectivity, Ticketing, Insurance), Transportation (Public, Private), Vehicle, Application, and Region - Global Forecast to 2030

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Report Code
AT 7286
RI Published ON
8/6/2019
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