Mobility as a Service (MaaS) Market Size, Share & Trends | Industry Report, 2018-2026
The major contributing factor for the growth of the market for Mobility as a Service (MaaS) can be convergence and growth of the telecom sector and the transportation industries. Market Size – USD42.3billionin 2018, Market Growth - CAGR of 23.79%, Market Trends - rise of small-form factor in memory devices. The Mobility as a Service (MaaS) Market is expected to grow from USD42.3 billion in 2018 to USD372.1 billion by 2026, at a CAGR of 23.79% during the forecast period. Growth of transport and telecom sectors, since mobility services are the integration of transportation and telecom industries; increase in use of smartphones with 3G and 4G compatibility and high network connectivity; growth of cashless payments and online transactions which can be done using smartphones; and less expensive than other travelling options, such as personal vehicles are some of the driving factors of the market. High initial investment requirements and lack of technological expertise available ...