Commercial Telematics Market to Be Worth 20.3% by 2022 Know About the Industry by Applications, by Services by Technology
The Global Commercial Telematics Market is accounted for $18.9 billion in 2015 and is expected to grow at a CAGR of 20.3% to reach $69.3 billion by 2022. Telematics is used for vehicle tracking, satellite navigation etc. Increasing use of smart phones, high speed internet technologies, government mandate in terms of compliance and driver monitoring are anticipated to increase the market growth. Collaboration between automobile manufacturers and Telematics, Government regulations for the use of Telematics technology are some of the...
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