Technology News & Trends

  Global Automotive Telematics Market: Introduction According to the report, the  automotive telematics market  is projected to reach a value of ~ US$ 99 Bn  by 2027, expanding at a CAGR of  ~17%  during the forecast period. The automotive telematics market is likely to be driven by the rise in preference for security and safety features in vehicles.  For instance, automotive telematics is gaining popularity and is largely being demanded by consumers in the Western hemisphere. Automotive telematics helps optimize the efficiency of the vehicle and improvises the traffic flow in a specific region. It helps smoothen the management of vehicle fleet and hence, high rate of adoption among vehicle fleet owners and expansion of rental services are boosting the market for automotive telematics. Expansion of Automotive Telematics Market Market for automotive telematics is expanding significantly across all regions. Europe and North America are highly developed m...

According to the report, the  automotive telematics market  is projected to reach a value of ~ US$ 99 Bn  by 2027, expanding at a CAGR of  ~17%  during the forecast period. The automotive telematics market is likely to be driven by the rise in preference for security and safety features in vehicles.  For instance, automotive telematics is gaining popularity and is largely being demanded by consumers in the Western hemisphere. Automotive telematics helps optimize the efficiency of the vehicle and improvises the traffic flow in a specific region. It helps smoothen the management of vehicle fleet and hence, high rate of adoption among vehicle fleet owners and expansion of rental services are boosting the market for automotive telematics. Expansion of Automotive Telematics Market Market for automotive telematics is expanding significantly across all regions. Europe and North America are highly developed markets for automotive telematics, and they are esti...