Commercial Telematics Market size to hit $95 Bn by 2033: Research ... - GlobeNewswire

The commercial telematics market is expected to reach a value of over USD 95 billion by 2033, according to a study by Research Nester. The growth is driven by the rising adoption of GPS for tracking and monitoring of vehicles, government regulations on vehicle safety and the increasing sales and production of vehicles worldwide. Increasing adoption of 5G technology is expected to drive growth in the Asia Pacific region, while growing GPS adoption is expected to drive growth in North America.

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