Blockchain Press Releases
Mobility As A Service Market Zooms Towards Billion-Dollar Valuation: Estimated to Reach USD 518.41 Billion by 2030: Verified Market Research®
The “Global Mobility As A Service Market Size By Service Type (Bi-Cycle Sharing, Bus Sharing, Car Sharing), By Business Model (B2B, B2C, P2P Rentals), By Industry Vertical (Bikes, Buses, Passenger Cars), By Applications (Android, iOS), By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Mobility As A Service Market, including its growth prospects, market trends, and market challenges.
JERSEY CITY, N.J., July 7, 2023 /PRNewswire/ — The Global Mobility As A Service Market is projected to grow at a CAGR of 23.79% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 75.95 Billion in 2022 and is expected to reach USD 518.41 Billion by the end of the forecast period.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=9339
Browse in-depth TOC on “Mobility As A Service Market“
202 – Pages
126 – Tables
37 – Figures
Revolutionary Mobility as a Service (MaaS) Market Drives Transportation Transformations
The Mobility as a Service (MaaS) market is experiencing significant growth as it revolutionizes transportation services by providing on-demand solutions. Unlike traditional vehicle ownership, MaaS providers offer a diverse range of transport options, customized to meet users’ specific needs, enabling them to navigate current and future cities efficiently. Prominent examples of MaaS services include popular rideshare apps like Uber, peer-to-peer rental services such as GoGet and Flexicar, and micro-mobility services like Lime Scooters and Jump Bike.
Market Drivers
The Mobility as a Service Market is driven by various factors, contributing to its remarkable growth and transformative impact on the transportation sector:
Influx of Original Equipment Manufacturers (OEMs): The market has witnessed an increasing number of OEMs entering the MaaS sector, expanding the array of transportation options available to users. This influx enhances competition and stimulates innovation, resulting in improved services and increased consumer choices.
Rapid Urbanization and Transportation Infrastructure Pressures: With the ongoing global urbanization trend, the demand for efficient transportation solutions has intensified, placing immense strain on existing infrastructure. MaaS provides a comprehensive, one-stop solution that addresses this challenge by offering seamless transportation experiences to urban dwellers.
Seamless Transportation Service Needs: The desire for a fully integrated transportation experience across both public and private sectors has propelled the adoption of MaaS solutions. By combining various modes of transportation, such as buses, trains, rideshares, and bike rentals into a single platform, MaaS enables users to plan, book, and pay for their entire journey conveniently and efficiently.
Mobile Application Integration: MaaS platforms integrate mobile applications that provide end-to-end trip planning, electronic ticketing, and payment services. This integration has garnered significant attention and propelled market growth, as users increasingly prefer the convenience and ease of accessing transportation services through their smartphones.
Market Restraints and Challenges
Although the Mobility as a Service Market exhibits promising growth prospects, it faces certain challenges that need to be addressed:
Connectivity Concerns within the MaaS Ecosystem: Ensuring seamless connectivity and effective collaboration among the various stakeholders involved in the MaaS ecosystem is a complex task. Overcoming connectivity challenges is crucial to enabling a truly integrated and efficient transportation network.
High Initial Investments: Implementing MaaS systems requires substantial upfront investments in infrastructure development and technological integration. These investments can serve as a barrier to entry for some organizations, hindering the widespread adoption of MaaS solutions.
Limited Technical Expertise: The scarcity of skilled professionals with expertise in MaaS technologies and operations poses a challenge to the market’s expansion. Addressing this shortage is vital for the successful implementation and growth of MaaS initiatives.
Market Outlook and Key Players
Despite the challenges, the Mobility as a Service Market is poised for substantial growth. Key players such as Whim, Citymapper, Skedgo, Moovit, Moovel, Splyt, Ubigo, Qixxit, Smile Mobility, and Communauto are at the forefront, driving innovation and shaping the market’s competitive landscape.
To maintain their market positions, key players are employing various development strategies, including partnerships, collaborations, and product enhancements. These strategies aim to improve user experiences, expand service offerings, and strengthen market presence.
Furthermore, market share and market ranking analysis play crucial roles in assessing the competitive landscape. Understanding these metrics enables industry stakeholders to identify growth opportunities and make informed business decisions.
In conclusion, the Mobility as a Service Market is on an upward trajectory, presenting new and exciting possibilities for the transportation industry. By addressing connectivity concerns, investing in infrastructure, and nurturing technical expertise, the market is expected to overcome challenges and realize its full potential.
For further information, detailed market insights, and a comprehensive analysis of the Global Mobility As A Service Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Mobility As A Service Market into Service Type, Business Model, Industry Vertical, Applications, And Geography.
- Mobility As A Service Market, by Service Type
- Bi-cycle sharing
- Bus sharing
- Car sharing
- Ride-hailing
- Self-driving car service
- Mobility As A Service Market, by Business Model
- B2B
- B2C
- P2P rentals
- Mobility As A Service Market, by Industry Vertical
- Bikes
- Buses
- Passenger cars
- Mobility As A Service Market, by Applications
- Android
- iOS
- Others
- Mobility As A Service Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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5 Best Mobility-As-A-Service Brands: Major beneficiaries of surging population
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A Finiko executive has been sentenced to three years in prison by a Russian court for her involvement in what is described as the largest crypto scam in the post-Soviet era.
According to Izvestia, Liliya Nurieva, the former head of networks at Finiko, received a four and a half year sentence from a court in Vakhitovsky, Kazan on May 17. However, the court stated that it would take into account the time she had already spent in pre-trial detention as “time served.”
Despite prosecutors’ requests for a six and a half year sentence, the judge rejected them. Nurieva, who had faced a possible 10-year imprisonment, reached a “pre-trial agreement” with prosecutors.
Nurieva’s defense attorney announced her intention to appeal the verdict. She was convicted of fraud and organized crime-related charges.
Finiko, initially presented as a crypto “investment fund” in 2018, allegedly defrauded citizens of around $1.1 billion, according to the country’s Central Bank. Much of this sum remains unrecovered.
The unraveling of the project began in 2021, leading to the flight of many Finiko figures abroad. After an international manhunt, Interpol detained co-founder Edvard Sabirov in the UAE in late 2022, while co-founder Kirill Doronin was arrested in mid-2021.
However, Nurieva is the first Finiko executive to be convicted and sentenced.
Finiko promised investors an “automated profit-generating system” with returns of “up to 30%” on investments of $1,000 or more. It also offered various lending and financial services with lucrative terms.
The company allegedly employed Ponzi scheme tactics, using funds from new investors to pay off older ones. By mid-2021, its platforms became unstable, with customers reporting delayed payments. In June of that year, payments ceased entirely, the value of its cryptocurrency plummeted, and Finiko offices nationwide abruptly closed.
During its peak, Finiko enjoyed popularity on social media, and initial estimates suggested nearly 10,000 individuals invested in its platforms.
Nurieva’s defense argued that she was unaware of Finiko’s fraudulent nature upon joining and had invested her own money in the company. It wasn’t until later interactions with senior executives that she realized the scheme’s illegitimacy.
Some Finiko investors attended the trial, with one, Lyudmila Yamshchikova from Kazan, expressing disappointment over halted payments, which she had relied on for mortgage payments and other financial obligations.
Source: cryptonews.com
The post Russian Court Jails Finiko Crypto Scam Exec for Three Years appeared first on HIPTHER Alerts.
Hong Kong’s launch of its first Bitcoin and Ether ETFs in late April aimed to capture part of the $55 billion US market. However, the ETFs have experienced investor outflows, perplexing analysts. Experts attribute this to concerns over China’s strict crypto stance and high management fees compared to US products.
Despite initial setbacks, some analysts remain optimistic. Bloomberg’s Rebecca Sin notes that total assets under management (AUM) exceed $250 million, indicating potential growth to $1 billion within two years. Hong Kong’s crypto journey is still unfolding, facing challenges from regulatory uncertainties and regional competitors like Singapore and Dubai.
On the Flipside
High Management Fees: Hong Kong’s ETFs have higher fees than similar US products, potentially deterring investors.
Regulatory Uncertainty: The evolving regulatory landscape in Hong Kong may create hesitancy among investors.
Institutional Adoption: Established financial institutions in Hong Kong may be slow to embrace crypto, limiting market growth.
Source: dailycoin.com
The post Hong Kong’s Crypto Ambitions Hit Snag: Can ETFs Steer the Ship? appeared first on HIPTHER Alerts.
In a bid to offer its users more opportunities in the Decentralized Finance (DeFi) space, Binance Web3 Wallet has introduced two new ways to earn: ‘Yield Plus’ and ‘Simple Yield’. These new features will be accessible right within the Binance Web3 Wallet Earn section.
About Yield Plus Zone
The Yield Plus Zone is a unique feature designed to showcase projects with potential airdrops or additional yield opportunities. This feature will give users easy access to projects that offer multiple levels of rewards. The initial projects that will be included are Eigenpie, Kamino Finance, Lista Dao, Marinade, Ondo Finance, Renzo, StakeStone, and SolBlaze. Binance Web3 Wallet plans to announce exclusive campaigns in future updates through the Binance Web3 X account.
About Simple Yield Zone
The Simple Yield Zone allows users to earn an Annual Percentage Rate (APR) with stablecoins and other tokens by providing liquidity to lending protocols. When providing liquidity, users may receive both the Supply APR and Distribution APR, depending on the protocol chosen.
More on Binance Web3 Wallet
Developed with a commitment to innovation, security, and seamless user experience, the Binance Web3 Wallet is a secure, self-custodial crypto wallet integrated within the Binance App. It serves as a bridge between the Exchange and Web3, enabling users to interact with multiple blockchains, trade thousands of tokens, earn yield, and explore a selection of the best decentralized applications (dApps) all in one wallet.
Source: blockchain.news
The post Binance Web3 Wallet Introduces Yield Plus and Simple Yield appeared first on HIPTHER Alerts.
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