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Mobility-as-a-Service Market to Grow by USD 639.92 Billion (2024-2028) as AI Drives Market Transformation, Smart Device Usage Boosts Revenue – Technavio

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NEW YORK, Nov. 20, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global mobility-as-a-service market size is estimated to grow by USD 639.92 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 35.15%  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.Key market players include Aptiv Plc, Avis Budget Group Inc., Beeline.com Ltd., Bolt Technology OU, Communauto Group, EAN Services LLC, Europcar Mobility Group SA, GoEuro Corp., Greenlines Technology Inc., GT Gettaxi UK Ltd., Hertz Systems Ltd. Sp. Z.o.o, Lyft Inc., MaaS Oy, Mercedes Benz Group AG, MOBIKO GmbH, Mobius Mobility LLC, movmi Shared Transportation Services Inc., Sway Mobility Inc., Tranzer BV, and Uber Technologies Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Service (Ride hailing, Car sharing, and Bus sharing and others), Vehicle Type (Cars, Buses, and Two-wheelers), and Geography (APAC, Europe, North America, Middle East and Africa, and South America)

Region Covered

APAC, Europe, North America, Middle East and Africa, and South America

Key companies profiled

Aptiv Plc, Avis Budget Group Inc., Beeline.com Ltd., Bolt Technology OU, Communauto Group, EAN Services LLC, Europcar Mobility Group SA, GoEuro Corp., Greenlines Technology Inc., GT Gettaxi UK Ltd., Hertz Systems Ltd. Sp. Z.o.o, Lyft Inc., MaaS Global Oy, Mercedes Benz Group AG, MOBIKO GmbH, Mobius Mobility LLC, movmi Shared Transportation Services Inc., Sway Mobility Inc., Tranzer BV, and Uber Technologies Inc.

Key Market Trends Fueling Growth

The Mobility-as-a-Service (MaaS) market is experiencing significant growth due to increasing transportation needs in population-dense areas. Technology plays a crucial role, with ride-sharing, car-sharing, bike commuting, and public transport becoming more popular. Smart cities prioritize carbon dioxide reduction and consumer trust by providing wireless connection and internet connectivity through smartphones. Traffic jams and parking management are addressed with real-time journey planning and payments. Electric vehicles and charging stations are essential infrastructure for green cities. Businesses develop innovative solutions, such as the RMVgo app for ticket purchasing and CitySwift in Ireland for traffic congestion management. Government support for 5G and 4G LTE networks, along with telecom providers, enhances connectivity. The health crisis highlights the need for energy-efficient and cost-efficient transportation modes. Commercial and personal vehicles adapt to these trends, with funding uncertainty for public transport operators. Overall, MaaS offers a sustainable, efficient, and convenient solution for various transportation modes in traffic-congested areas. 

Several major companies in the transportation industry are expanding their offerings to include Mobility-as-a-Service (MaaS) solutions. Uber Technologies Inc. Acquired JUMP Bikes in April 2018 to develop their mobile app into a multimodal platform, offering seamless access to car-hailing/sharing, bike-sharing, and public transit networks. Daimler AG and BMW AG are also investing in MaaS platforms through their subsidiaries, such as Daimler’s Moovel Group GmBH, founded in 2015. These companies aim to provide integrated and convenient mobility solutions for consumers. 

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Market Challenges

The Mobility-as-a-Service (MaaS) market is experiencing significant growth, with transportation, technology, population growth, and consumer preferences driving demand. Challenges include ride sharing, car sharing, bike commuting, public transport, trains, and smart cities, all requiring seamless integration. Carbon dioxide reduction is a priority, with trust and consumer convenience key factors. Wireless connection and internet connectivity via smart phones are essential for real-time journey planning and payments. Traffic jams, parking management, and accidents are major issues, requiring government support and infrastructure development. Electric vehicles and charging stations, 5G and 4G LTE, and telecom partnerships are important for energy-efficient and cost-efficient transportation modes. Public transport operators face funding uncertainty and must adapt to changing travel patterns. The RMVgo app simplifies ticket purchasing, while taxis, car-sharing, scooters, and bike-sharing offer alternatives in traffic-congested areas. Health crises add complexity, requiring innovative solutions.In the Mobility-as-a-Service (MaaS) market, connected transportation devices pose unique challenges. These devices consume significant power and Internet bandwidth. Ensuring seamless connectivity for multiple devices simultaneously requires high-bandwidth connections. Transportation devices, such as vehicles equipped with sensors, necessitate expensive Internet plans with high bandwidth. Vendors must implement MaaS solutions that minimize bandwidth usage through network traffic management systems. Retrieving data from cloud-based systems necessitates increased bandwidth for efficient data transfer.

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Segment Overview 

This mobility-as-a-service market report extensively covers market segmentation by

Service 1.1 Ride hailing1.2 Car sharing1.3 Bus sharing and othersVehicle Type2.1 Cars2.2 Buses2.3 Two-wheelersGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Ride hailing-  Ride-hailing services, such as Uber and Lyft, offer consumers flexible and affordable transportation solutions through their mobile apps. The increasing cost of owning a private car and limited parking space have led to an increase in the number of people opting for ride-hailing services. Major operators invest heavily in advertising to boost brand awareness, reducing waiting times and offering real-time location updates through global positioning systems. Innovative pricing algorithms, improved customer service, and user-friendly apps have made ride-hailing popular among Millennials. Urbanization and rising disposable income have also contributed to the growth of this market segment, driving the expansion of the global mobility-as-a-service market.

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Research Analysis

Mobility-as-a-Service (MaaS) is revolutionizing the way we move in cities around the world. This innovative transportation model integrates various modes of transportation, including ride sharing, car sharing, bike commuting, public transport, trains, and electric vehicles, into a single digital platform. The population’s growing demand for sustainable and efficient transportation solutions is driving the market’s growth. Technology plays a crucial role in MaaS, with 5G and 4G LTE networks enabling real-time journey planning, payments, and infrastructure utilization. Smart cities are also investing in Wi-Fi and other telecom infrastructure to support MaaS. However, consumer trust is essential for the success of MaaS. Providing a seamless and safe journey experience is key. The lack of consumer awareness and knowledge about MaaS is a challenge that must be addressed through targeted marketing and education. Infrastructure development is another critical factor. Governments and private companies must invest in the necessary infrastructure to support MaaS, including charging stations for electric vehicles and bike lanes. MaaS also offers the potential for significant reductions in carbon dioxide emissions, making it an attractive option for consumers and governments alike. The future of transportation is green, and MaaS is leading the way.

Market Research Overview

The Mobility-as-a-Service (MaaS) market is revolutionizing transportation by integrating various modes of travel into a single, seamless experience. This technology-driven approach caters to the needs of a growing population, offering alternatives to traditional personal vehicles. Ride sharing, car sharing, bike commuting, and public transport are key components, with trains and smart cities also playing a significant role. Carbon dioxide reduction is a major focus, as consumers increasingly value trust, time efficiency, and wireless connectivity. Smart phones and internet connectivity are essential tools for journey planning, ticket purchasing, and real-time traffic updates. Infrastructure development, including charging stations for electric vehicles and parking management systems, is crucial. Government support, 5G and 4G LTE networks, and green city initiatives are also driving the market forward. The MaaS market is energy and cost efficient, addressing the challenges of traffic jams, accidents, and funding uncertainty in commercial and private vehicles. The market encompasses various transportation modes, including commercial vehicles, scooters, and bike-sharing, and aims to provide a more utilitarian, personalized, and energy-efficient transportation experience. The health crisis has further emphasized the importance of MaaS in reducing the need for public transport and minimizing exposure to crowded areas. Public transport operators are collaborating with tech companies to provide more efficient and convenient services, with apps like RMVgo leading the way in ticket purchasing and journey planning. The market’s potential is vast, with the promise of a more connected, efficient, and sustainable transportation future.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ServiceRide HailingCar SharingBus Sharing And OthersVehicle TypeCarsBusesTwo-wheelersGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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MemoMind Opens Global Pre-Orders for MemoMind One, Its First Everyday AI Glasses

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Designed to look and feel like everyday eyewear, MemoMind One delivers hands-free AI assistance through discreet displays and voice interaction.

SHENZHEN, China, April 28, 2026 /PRNewswire/ — MemoMind, the new AI hardware brand incubated by XGIMI, today announces the opening of global pre-orders for MemoMind One, its first AI glasses. Ahead of the product’s official launch in May, customers can now reserve MemoMind One on the website and unlock limited-time benefits, including preferred campaign pricing and exclusive bonuses.

First introduced at CES 2026 in Las Vegas and later showcased at MWC 2026 in Barcelona, MemoMind One marks XGIMI’s expansion beyond projection technology into AI-powered wearables. Drawing on more than a decade of expertise in optics and consumer hardware, MemoMind is bringing a new approach to all-day smart glasses designed to blend into everyday life.

AI Glasses Designed for Natural, Everyday Use

MemoMind One is designed to look and feel like a regular pair of glasses, making it comfortable for all-day wear. With discreet displays, speakers, and microphones built into the frame, it provides hands-free access to helpful information without interrupting daily routines. By placing information directly within the user’s field of view, MemoMind One offers a more natural way to interact with AI throughout the day.

Key features include:

Memo AI

An on-device AI assistant that provides real-time support throughout the day, including Q&A, live translation, navigation guidance and contextual assistance. An adaptive teleprompter feature helps users stay on pace while speaking or presenting.

Idea Notes

Captures voice notes instantly and converts them into organized, searchable texts helping users preserve ideas and stay focused without interruptions.

AI Recorder

Records meetings, lectures, and conversations, then generates structured summaries within seconds, making it easier to review key points and to-do lists.

Three Frame Styles with Customizable Color and Prescription Options

Because eyewear is as much about personal style as it is about technology, MemoMind One will be available in three frame styles – Nomad (Square-Round), Archive (Round), and Gotham (Square) – along with seven customizable color options. Each frame is designed for optimal  comfort, fit, and durability, with prescription lens options available.

Pricing and Editions

MemoMind One will be available in two editions:

The Standard Edition starts at $599, or $699 with prescription lenses.
The Custom Edition starts at $749, or $849 with prescription lenses.

To mark the start of pre-orders, MemoMind is offering customers a chance to unlock benefits valued at up to $340. By placing a $30 deposit, customers will receive early access to the Kickstarter campaign, preferred pricing, and exclusive items, including a pair of clip-on sunglass lenses and one year of premium MemoMind app membership.

The deposit is risk-free and fully refundable after the campaign ends.

Availability

Customers worldwide can reserve MemoMind One now at MemoMind.com.

The Kickstarter campaign will launch on May 28, 2026, with first deliveries expected later this summer.

To learn more about XGIMI’s latest innovations, visit the XGIMI website, or follow @XGIMItech on Instagram, Twitter, and LinkedIn.

About XGIMI

Since 2013, the state-of-the-art XGIMI projectors have helped countless people worldwide to create genuinely immersive audio-visual experiences. Working with reputable partners like Google, Harman Kardon, and Texas Instruments, XGIMI builds all-in-one entertainment devices, perfected due to their user-oriented philosophy. Through industry-leading innovation, streamlined setups, and unique designs, XGIMI always strives to develop the best home and portable projectors for everyone to enjoy. Learn more at XGIMI Projector Technology.

About MemoMind

MemoMind is an AI hardware company incubated by XGIMI, the world’s leading smart projector brand. Built on years of optical engineering expertise and a refined design philosophy, Memomind brings a hardware-first approach to everyday AI.

Designed to feel natural rather than intrusive, MemoMind focuses on delivering AI that works quietly in the background, supporting users with clarity, context, and intention. Every product is crafted to be comfortable, intuitive, and seamlessly integrated into daily life, enabling AI to become more effortless, more personal, and more human.

Crafted for the mindful, MemoMind believes the most powerful technology is the kind you barely notice – until you need it.

 

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SOURCE MemoMind

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Barsys Shaker Pro Now Available Following Successful CES 2026 Debut

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The Crowd Favorite from CES is Now Ready to Bring Bar-Quality Cocktails to Homes Nationwide

NEW YORK, April 28, 2026 /PRNewswire/ — Barsys, the leading app-driven automated cocktail brand, today announces that the Barsys Shaker Pro is now widely available for purchase on Barsys.com and TikTok Shop. After generating significant buzz at the January CES launch, cocktail enthusiasts everywhere can now get their hands on the smart, portable cocktail device that’s redefining how drinks are made at home.

Designed for modern drink lovers, the Shaker Pro is a smart, app-controlled device that guides users step-by-step through thousands of cocktail recipes, delivering bar-quality drinks from anywhere. Building on the beloved technology of the Barsys Coaster 2.0 — which reached #1 in its category on TikTok Shop during the last holiday season — the Shaker Pro takes that same hardware and adds full portability with a built-in rechargeable battery and USB-C charging.

Akshet Tewari, CEO and founder of Barsys, shares, “The Shaker Pro is everything our customers have been asking for — the same precision and quality they know from Barsys, in a device they can take anywhere. Over the past year we’ve seen tremendous growth, and launching the Shaker Pro feels like a natural next step in that journey. We’re continuing to push the boundaries of what home bartending can look like.”

Users select a drink in the Barsys app, and the device’s interactive lighting guides them through each pour — signaling exactly when to start and stop for perfectly balanced measurements. As ingredients are added, the Shaker Pro simultaneously mixes and aerates the drink, cutting down effort and delivering a consistently great result every time.

The Shaker Pro is an all-in-one device that measures, mixes, and guides every pour from a single sleek system. Fully rechargeable via USB-C, it untethers you from the kitchen counter so you can host anywhere. Color-coded lighting takes the guesswork out of every pour, signaling exactly when to start and stop for perfectly balanced results every time. Paired seamlessly with the Barsys app, it delivers a guided, low-effort experience — from timeless classics to creative craft cocktails — with smart recommendations built around your taste and what’s already in your bar.

The Barsys Shaker Pro is available now at Barsys.com and TikTok Shop at its pre-order price of $49.99 through May 8, before increasing to $79.99.

About Barsys

Barsys is a leading app-driven cocktail technology company redefining how drinks are made at home and beyond. Known for its precision, personalization, and ease of use, Barsys combines innovative hardware with intelligent software to deliver consistently high-quality cocktails. The brand empowers users of all experience levels to explore, customize, and create drinks with confidence. With a growing ecosystem of connected products and digital experiences, Barsys continues to push the future of cocktail-making forward.

Media Contact: grace@barsys.com

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SOURCE Barsys

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Coheso Announces AI Enhancements Across Slack, Teams, Outlook, and Gmail

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NEW YORK, April 28, 2026 /PRNewswire/ — Coheso, the AI-native legal front door and work management platform for in-house legal and compliance teams, today announced a series of recent AI-native enhancements across its Slack, Teams, Outlook, and Gmail integrations. The updates make it easier for organizations to connect the channels employees use every day with structured legal intake and work management.

Many legal requests still begin informally in a quick chat or email to in-house counsel. That has long created a tradeoff between asking employees to leave their workflow to fill out a form and allowing requests to arrive unstructured for legal to sort out later. Coheso’s AI now interprets the content and context of the original message in Slack, Teams, Outlook, or Gmail, identifies the right intake workflow, and populates request forms automatically, reducing manual effort while preserving the structure legal needs. From there, Coheso keeps the related conversation synced with the request so that, while legal can triage through the Coheso platform, business can still work in chat and email.

In Slack and Teams, employees can also ask routine questions directly in the flow of work, and Coheso’s AI determines whether an interaction should be addressed through self-service or converted into formal legal work. The result is faster answers for the business and fewer routine interruptions for legal.

Coheso has also expanded its AI agent capabilities for legal and business teams. As part of automated workflows originating from Slack, Teams, Outlook, or Gmail, these agents can take on a wide range of tasks, from extracting key details to reviewing submissions against internal guidelines. When appropriate, agents can respond directly to business users within these same integrations, combining faster self-service with more intelligent escalation.

By capturing requests more consistently across the organization, regardless of where they originate, Coheso gives General Counsels and business leaders a more complete view of how work is flowing through the department, where demand is increasing, and the measurable impact legal is having across the business.

“Legal teams need structure around incoming work, but the business is going to keep working in email and chat,” said Chirag Mehta, Head of Product and Co-Founder of Coheso. “Our recent AI enhancements make those channels far more effective by helping Coheso understand intent, capture context, guide users into the right workflow, and reduce the manual effort required to get legal work into the system.”

Taken together, these enhancements reflect Coheso’s broader approach to legal operations: meeting the business where it already works while giving legal a centralized system for triage, ownership, and follow-through. The result is a better experience for employees and a stronger foundation for managing growing volumes of requests.

Demos are available upon request through https://www.coheso.ai/

About Coheso

Coheso is an AI-native legal front door and work management platform for in-house legal and compliance teams. The platform combines centralized intake, including automated responses to routine questions, an efficient workflow for complex cross-functional tasks, and agentic capabilities that enable work to move forward automatically. Headquartered in New York, the company is backed by leading venture capital firms including Tola Capital, Crew Capital, Character, and FirsthandVC, as well as Carnegie Mellon University.

Contact:

Manish Agnihotri
Co-Founder & Head of Artificial Intelligence
manish@coheso.ai
+1 646-452-4490

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SOURCE Coheso, Inc.

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