Mobility as a Service Market Size, Trends & Forecast 2025-2034

 

The mobility as a service market (MaaS) is revolutionizing the transport sector by integrating various transport services into a single accessible platform. MaaS solutions offer real-time journey planning, seamless ticketing, and integrated payment systems, empowering users with more control and flexibility. The concept is gaining traction due to growing urban populations, rising environmental concerns, and the increasing popularity of smartphones and IoT. Governments are also supporting smart mobility initiatives to reduce carbon emissions and enhance public transportation efficiency. This cohesive model of transport is positioning MaaS as a futuristic solution for smart cities worldwide.

Expert Market Research Highlights Growth in Mobility as a Service Market

Driven by rapid urbanization and a shift toward sustainable transport, Expert Market Research notes that the mobility as a service market is undergoing exponential growth worldwide. The convergence of digital platforms and transportation ecosystems is transforming how consumers access mobility, with increased demand for personalized, on-demand, and flexible commuting options. From ride-hailing to micromobility and smart ticketing solutions, the market’s expansion is not only reshaping urban mobility but also influencing infrastructure investments and policy frameworks. As key regions innovate and invest, the mobility as a service market size is poised to see substantial gains during the forecast period.

Mobility as a Service Market Size

In 2024, the mobility as a service market reached an impressive value of USD 221.33 billion. This substantial size underscores the rapid adoption of integrated and digital mobility services across urban landscapes globally. The rising consumer inclination toward on-demand transportation, supported by the growth of internet connectivity and smartphones, has expanded the user base for MaaS platforms. As cities continue to embrace digital transformation and as traditional transport providers digitize their offerings, the market’s size is expected to increase significantly, reaching USD 1110.25 billion by 2034, reflecting both scale and relevance in future urban planning.

Mobility as a Service Market Trends

Several prominent trends are shaping the mobility as a service market. The integration of AI and machine learning in journey planning and vehicle optimization is a major advancement. Consumers are also increasingly opting for micromobility options like e-scooters and bikes for last-mile connectivity. Another trend is the rise of subscription-based mobility services, which provide users with flexible and cost-effective commuting plans. Moreover, environmental consciousness is fueling the adoption of electric vehicles (EVs) in shared fleets. With platforms emphasizing user convenience, data analytics, and sustainability, these trends are guiding the industry's transformation into a tech-driven service ecosystem.

Market Opportunities and Challenges

The mobility as a service market presents numerous growth opportunities, particularly through public-private partnerships and expansion into untapped regions. Innovations in telecom infrastructure and the rollout of 5G networks are expected to enhance MaaS capabilities further. There's also potential in integrating insurance and financial services into platforms, offering complete travel solutions.

However, the market faces challenges such as regulatory hurdles, data privacy concerns, and fragmented infrastructure in emerging economies. Balancing user convenience with data protection, ensuring platform interoperability, and maintaining profitability amidst high operational costs will be essential for long-term success.

Mobility as a Service Market Segmentation

By Service Type:

• Car Sharing
• Micromobility
• Ride Hailing
• Bus Sharing
• Train Services

By Solution Type:

• Technology Platforms
• Telecom Connectivity Providers
• Ticketing Solutions
• Payment Engines
• Navigation Solutions
• Insurance Services

By Transportation Type:

• Public
• Private

By Vehicle Type:

• Four-Wheelers
• Buses
• Micromobility
• Trains

By Application:

• Personalised Application Services
• Journey Management
• Journey Planning
• Flexible Payments and Transactions

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Mobility as a Service Market Growth

The mobility as a service market is growing at a CAGR of 17.50% between 2025 and 2034, driven by digital transformation and changing consumer behavior. As urban dwellers increasingly rely on smartphones and mobile apps for daily commutes, the adoption of MaaS solutions is accelerating. This growth is further supported by significant investments from both private companies and governments into smart mobility infrastructure. Public transport operators are also collaborating with tech startups to broaden service offerings and reduce congestion. The strong demand for efficient, affordable, and eco-friendly transport solutions will continue to push the growth curve upward through the forecast period.

Mobility as a Service Market Forecast

The future of the mobility as a service market looks highly promising, with the market projected to reach USD 1110.25 billion by 2034. This robust forecast is attributed to an ecosystem that supports innovation in mobility platforms, payment systems, and smart city development. The increased focus on reducing urban traffic and carbon emissions is expected to elevate government and corporate involvement. As electric vehicles, AI-based route optimization, and 5G technologies become mainstream, MaaS platforms will evolve into full-fledged ecosystems. Emerging markets will also see accelerated adoption, making the next decade transformative for global transportation.

Competitor Analysis

The mobility as a service market features several key players, each contributing uniquely to the evolving landscape:

• MaaS Global Ltd. – Offers integrated mobility solutions across cities with a single app interface.
• Moovit App Global Ltd. – Delivers real-time transport data and multimodal journey planning.
• Uber Technologies Inc. – A global leader in ride-hailing and evolving MaaS infrastructure.
• SkedGo Pty Ltd – Specializes in customizable MaaS technology platforms for public and private transit.
• FOD Mobility UK Limited – Provides mobility management software solutions for business travel and smart commuting.
• Others – Includes local and regional startups contributing to service diversity and technological innovation.