Telematics Solutions Market Worth $62.6 Billion by 2025 - Exclusive Report by MarketsandMarkets™
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: PR Newswire
CHICAGO, April 6, 2020 /PRNewswire/ -- According to the new market research report "Telematics Solutions Market by Service (ACN, eCall, RSA, Remote Diagnostics, Insurance Risk Assessment, Driver Behavior, Billing & Other), Form & Vehicle Type, Component, Connectivity, Aftermarket, Fleet Management Service, Region - Global Forecast to 2025", published by MarketsandMarkets™, the Telematics Solutions Market is projected to reach USD 62.6 billion by 2025 from an estimated USD 29.9 billion in 2020 at a CAGR of 15.9% during the forecast period.The Telematics Solutions Market growth is governed by the increasing trend of in-vehicle connectivity solutions and government initiatives towards developments in intelligent transportation systems & connected cars. The market growth is also supported by the continual improvement in network infrastructure along with increasing technology acceptance among the consumers. Therefore, the Telematics Solutions Market is expected to witness significant growt
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