Science & Technology

Mobility-as-a-Service has a 370% growth rate projection by 2025

However, the need for mobile devices and Internet connectivity will limit adoption to developed regions

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Mobility-as-a-Service has a 370% growth rate projection by 2025. Source: pexels.com

By 2025, the service could take over 2.2 billion privately-owned car journeys, according to Juniper Research. Currently, Maas has 471 million users.

The platform involves the provision of travel services through one avenue where users will have the freedom to choose the price and route as per demand and real-time traffic conditions.

Through public-led partnerships and government investment, transport operators and MaaS vendors will play a huge role in consumer incentivizing over the next four years. This service, however, could be limited by the need for internet connectivity and mobile devices in some areas. More than 70% of the changes will take place in the Far East and Europe by 2025.

As the coronavirus pandemic dwindles, MaaS providers had anticipated the increased demand for travel as an avenue to disrupt the already established transport ecosystem. This would take place through a demonstration of the efficiency and cost-effectiveness of the platforms.

Through the transport disruption, Maas will reduce 14 million metric tons of CO2 emissions in 2025. This will be a 3 million metric tons increase in 2021. However, a rise in the electrification of buses and private taxis will reduce carbon emissions over the next four years. This can be achieved through increased investment into electrification technologies.

We’ve reported that Monzo and Wise partnered to enhance cross-border transfers.

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