Smart Connected Devices Boost Mobility-as-a-Service Market

The global mobility-as-a-service (MaaS) market is estimated to grow by USD 270.8 million from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 25.4% during the forecast period.

Increase in use of smart connected devices is driving market growth, with a trend towards ride-sharing platforms and automotive companies exhibiting interest in MaaS. However, poor connectivity of devices poses a challenge.

The MaaS market is growing due to transportation trends like ride sharing, car sharing, bike commuting, and public transport at its core. Technology plays a crucial role, with smart cities, trains, and wireless connection enabling real-time journey planning and payments.

Consumers seek trust and convenience, says Technavio, driving the adoption of smartphones for ticket purchasing and traffic management in congested areas. Government support for green cities and electric vehicles, along with charging stations and infrastructure development, are key factors.

5G and 4G LTE from telecoms enhance connectivity, while energy-efficient and cost-efficient transportation modes like commercial and private vehicles, and public transport, gain popularity. Innovations like RMVgo app for ticket purchasing, taxis, car-sharing, scooters, and bike-sharing, may address consumer needs.