Field Service Management Market Expected to Surpass USD 10 Billion by 2031 | Persistence Market Research

Market Overview and Growth Outlook

The North America Mobility as a Service (MaaS) market is undergoing a rapid transformation, driven by the integration of advanced technologies and shifting consumer preferences. In 2024, the market is expected to be valued at US$ 27 billion, with projections indicating a growth to US$ 53.3 billion by 2031, expanding at a robust CAGR of 10.2%. This dynamic growth is fueled by increasing urbanization, digital connectivity, and a rising demand for sustainable, flexible mobility solutions.

Ride-sharing services are emerging as the leading segment in the region, growing at an impressive CAGR of 24% through 2031. The United States dominates the regional landscape, accounting for nearly 80% of the market in 2024, primarily due to a strong push towards eco-friendly transport and an evolving mobility culture. Canada follows, holding a 20% market share, supported by progressive governmental policies and robust investments in MaaS infrastructure.

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🔍 Key Highlights from the Report

• AI is expected to personalize travel with real-time, user-specific recommendations.
• Subscription-based tiered models are being adopted for multimodal travel access.
• Public-private collaborations are enhancing MaaS interoperability across transport modes.
• Infrastructure investments and user subsidies aim to improve accessibility for all.
• Predictive analytics will optimize pricing, route efficiency, and demand forecasting.
• Ride-sharing leads the service category, expected to grow at 24% CAGR by 2031.

Market Segmentation: A Closer Look

The North America MaaS market can be segmented based on service type and operating system. Ride-sharing services are the fastest-growing segment, offering affordable and flexible alternatives to car ownership. Their rapid adoption is largely due to urban congestion, environmental concerns, and cost savings. Other notable services include car rental, micro-mobility options (such as e-scooters and bikes), and public transit integration within digital platforms.

When segmented by operating systems, Android-based platforms are gaining prominence and are projected to grow at a 22% CAGR through 2031. Their growth is attributed to widespread smartphone penetration and ease of app development. This enables a broader customer base to access MaaS solutions seamlessly, particularly in price-sensitive and emerging sub-regional markets.

Regional Insights: Country-Wise Trends

United States

The U.S. continues to lead the MaaS market in North America, driven by urbanization, technological innovation, and an increasing focus on sustainable mobility. The growing preference for eco-conscious transportation modes is prompting a shift from private vehicle ownership to on-demand and shared mobility solutions.

Canada

Canada, though smaller in comparison, is experiencing significant momentum due to strong governmental support and subsidies. The country's initiatives to digitize public transport systems and encourage MaaS adoption in both cities and rural zones are contributing to steady market expansion.

Market Drivers Fueling Growth

The primary driver of MaaS in North America is the rising demand for integrated, efficient, and sustainable mobility. Urban dwellers increasingly prefer multi-modal transportation options accessible through a single platform. Technological advances in AI, IoT, and real-time analytics have enabled the seamless integration of different modes of travel-buses, bikes, cars, and trains-into one cohesive service.

Market Restraints Slowing Expansion

Despite its potential, the market faces several restraints. Key challenges include fragmentation in service providers, lack of standardization, and data privacy concerns. Additionally, MaaS requires significant infrastructure investments and coordination between public transit authorities and private operators, which can delay implementation in less urbanized or financially constrained areas.

Market Opportunities on the Horizon

Opportunities lie in expanding MaaS access to suburban and rural areas, which currently represent only 10% of the market but are expected to grow to 30% by 2031. The introduction of autonomous vehicles and drones into MaaS platforms also represents a major opportunity for innovation, particularly in first-mile and last-mile connectivity. Enhanced V2I (vehicle-to-infrastructure) technologies will further boost service safety and efficiency.

✔ Reasons to Buy the Report

✔ Understand the full scope and future trajectory of the North America MaaS market.
✔ Gain insights into high-growth segments like ride-sharing and Android-based platforms.
✔ Identify opportunities in underpenetrated areas such as suburban MaaS expansion.
✔ Track key developments in AI, predictive analytics, and autonomous transport solutions.
✔ Evaluate strategic moves of major players and public-private partnerships in MaaS.

📌 Frequently Asked Questions (FAQs)

#1. How Big is the North America Mobility as a Service Market in 2024?
#2. Who are the Key Players in the North America Mobility as a Service Market?
#3. What is the Projected Growth Rate of the MaaS Market from 2024 to 2031?
#4. What is the Market Forecast for the MaaS Industry by 2032?
#5. Which Region is Estimated to Dominate the MaaS Industry Through the Forecast Period?

🏢 Company Insights

Here are some of the key players operating in the North America Mobility as a Service market:

1. Uber Technologies Inc.
2. Lyft Inc.
3. Daimler Mobility AG (moovel Group)
4. Ford Smart Mobility LLC
5. Google LLC (Via)
6. Intel Corporation (Moovit)
7. BlaBlaCar
8. Bird Rides, Inc.
9. Zipcar Inc.
10. Car2Go North America LLC

Recent Developments:

• Uber Technologies recently announced the expansion of its multi-modal subscription services across key U.S. cities, bundling bikes, scooters, and rideshares in a monthly plan.

• Ford Smart Mobility invested in AI-based MaaS platforms to enhance autonomous shuttle deployment for last-mile delivery and transport.

Conclusion: MaaS is Shaping the Future of Mobility

The North America Mobility as a Service market is at the forefront of revolutionizing how people move. With a strong CAGR of 10.2%, innovative tech integration, and supportive governmental policies, the region is paving the way for a smart, sustainable, and interconnected transport ecosystem. While challenges around standardization and rural reach remain, the industry's momentum is clear-mobility as a service is not just the future, it is the now.

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This release was published on openPR.