A new study from Juniper Research forecasts that revenues generated by the use of MaaS (Mobility-as-a-Service) platforms, which integrate multi-modal transport services (including buses, taxis, rail and metro), will exceed $11 billion by 2023. This is up from an estimated $100 million in 2018 and reflects an average annual growth of 156%.
The new research, Mobility-as-a-Service: Emerging Opportunities, Vendor Strategies & Market Forecasts 2018-2023, found that increased regulatory pressures for joined-up, environmentally sustainable and financially affordable transport options resulted in the emergence of MaaS platforms, as demonstrated by Moovel and Whim.
It found that MaaS implementation will be further driven by the emerging focus on smart city initiatives. However, implementation of an open data policy is required immediately to realize this vision.
Juniper forecasts that the total number of MaaS users will reach 10 million by 2023, as pilots become compelling service offerings.
Alongside top-down push factors, user adoption will be further encouraged by cost-savings acting as a pull factor. Juniper forecasts that fuel cost savings from MaaS implementation will reach more than $32 billion in 2023, up from just $210 million in 2018. . . .