Commercial Vehicle Telematics Market worth $10.3 billion by 2028 - Exclusive Report by MarketsandMar
Sheetal2310 Jul, 2024Technology
The Commercial Vehicle Telematics Market is set to experience rapid growth, projected to surge from USD 5.2 billion in 2023 to USD 10.3 billion by 2028, at a CAGR of 14.3% during the forecast period of 2023?2028, according to a new report by MarketsandMarkets?. Escalating regulatory requirements to enhance vehicle and passenger safety and security and increasing recognition of the importance of predictive maintenance are driving forces propelling the commercial vehicle telematics market forward. Telematics technology empower businesses by optimizing fleet management, enabling data-driven decisions, ensuring safety and compliance, reducing downtime, and enhancing customer service.
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