Mobility as a Service : The Opportunity

Our vision for TSio Protocol is to enable both private and public mobility providers to compete in a transparent Mobility-as-a-Service market place that is focused on providing personalised customer-centric services to anyone and everyone.

Mobility as a Service (MaaS) is a concept that empowers users to make journeys involving combinations of flights, ferries, private car, shared mobility services (e.g. taxi’s, car hire and bike rental) and public transport (e.g. railways, trams and buses).

Transportation is rapidly changing. New market entrants are increasingly global from day one and consumer expectations for seamless, pain-free, user experiences are high.

Consumer markets have moved away from a desire to own cars to being in control of their digitalised lives: leading to a global demand for Mobility as a Service – a market valued at £1 trillion by 2030.

New flexible and sharing economy services, are blurring the lines between private and public transportation, creating a real need for integration across the whole transport spectrum.

Yet current infrastructure and data for travel booking, payment and information is locked away in silos. It means very little interoperability between modes of transport, across borders or between competing transport companies.

This market fragmentation creates numerous pain-points for the travelling public, and risks constraining and stifling the full market growth potential of the mobility sector.

 

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