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Commercial Telematics Market Share, Size, Analysis, Regional Outlook, Growth, Trends and Forecasts to 2024 | Hexa Research
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The global Commercial Telematics Market is expected to reach USD 114.28 billion by 2025 on account of to the rapid penetration of smart connectivity systems in passenger cars as well as commercial vehicles. Continuous software developments to link smartphones to the vehicle to improve drive qua lity, increase road safety, and monitor real-time positioning of automobiles to avoid congestions in case of any emergency situations are key parameters contributing to the growth of the market. Features such as vehicle tracking, fleet management, satellite navigation, and wireless vehicle safety ensure improved ride quality. Such features are expected to fuel the market over the forecast period. Solutions such as infotainment systems and services such as maintenance & training services are gaining momentum pertaining to rising awareness regarding driver and passenger safety. Furthermore, supporting government regulations regarding implementation of automotive telematics are expected to drive the market over the forecast period. For instance, in March 2016, the Japanese government joined hands with the U.S. and Europe for R&D on autonomous vehicles where commercial telematics have a wide scope. Browse Details of Report @ https://www.hexaresearch.com/research-report/commercial-telematics-market
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