KUALA LUMPUR, Oct 3 (Bernama) -- Mobility‑as‑a‑Service (MaaS) will generate fuel cost savings of US$10.8 billion by 2027 globally; increasing from US$2.8 billion in 2022 – a growth of 282 per cent, according to a new study from Juniper Research. (US$1 = RM4.640)
The research anticipates these savings will be achieved by MaaS’ ability to reduce congestion by displacing private vehicle usage with public transport over MaaS platforms.
According to a statement, the research predicts consumers will turn to MaaS, as fuel costs increase globally.
Juniper Research’s Urban Mobility Survey found 41 per cent of respondents ranked the cost of transport as being the most important factor when it comes to transportation.
MaaS growth is due not only to MaaS being a cheaper travel alternative, but also the convenience it provides by offering transportation with planning, purchasing and ticketing combined in a single app.
Research author Cara Malone remarked: “MaaS has the ability to improve corporate social responsibility, as a result, MaaS vendors must appeal to companies by demonstrating how MaaS can significantly reduce their carbon emissions from travel.”
Furthermore, the report predicts that CO2 reduction from private car journeys displaced is also fuelling the growth of MaaS.
Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports, and industry commentary.
-- BERNAMA
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