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Showing posts with the label Commercial Vehicle Telematics Report

Global Commercial Vehicle Telematics Market Grow with Significant CAGR of 7.92%

According to a new market intelligence report by BIS Research titled ‘ Global Commercial Vehicle Telematics Market − Analysis and Forecast, 2019-2025 ’ , The global Commercial Vehicle Telematics Market was valued at $4.86 Billion in 2019 and is estimated to reach $5.93 Billion by 2025. BIS Research Report: https://bisresearch.com/industry-report/commercial-vehicle-telematics-market.html   The rise of connected vehicles and autonomous driving has accelerated the evolution of technology present in all types of auto parts. The vehicle tracking system and anti-theft products have become the latest focus for automotive OEMs and consumers, as they have to advance themselves in comparison to the new gadgetry that is now available on both autonomous and conventional vehicles. The consortiums on connected cars and telematics, automotive associations, and the regulatory bodies have a significant role to play since the future growth of this market largely depends on the regulatory frame...