Global Fleet Telematics Market is estimated to be US$ 44.68 billion by 2030 with a CAGR of 19.8% dur

Nehashaikh19 Apr, 2022News

The interchange of data between the vehicle and the central authority is enabled by fleet telematics. This system uses on-board diagnostics and a global positioning system to track the location and movement of cars. Fleet telematics aids in the recording of a vehicle's speed as well as other pertinent data. This telematics technology is used by many fleet management organizations to track the behavior of their cars. The market for fleet telematics is likely to increase dramatically in the coming years. The ecosystem existence of numerous significant businesses has resulted in a competitive and diverse market. A fast rate of adoption of cloud computing and analytics, dropping hardware and IoT connectivity prices, a growing desire for operational efficiency, and new regulatory mandates are all factors driving the industry. Vendors of fleet management software, on the other hand, have a lot of room to develop.