LONDON–(BUSINESS WIRE)–The global commercial vehicle telematics market is expected to post a CAGR close to 21% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
Increasing the focus of traditional automotive suppliers on offering telematics is expected to drive market growth. The growing popularity of telematics services in the automotive industry is leading to the development of telematics solutions by traditional automotive suppliers. The entry of these players is positive for customers and the concerned market as they are trust-worthy and specialize in automotive technologies. Therefore, the growing interest of traditional automotive suppliers in telematics offerings will be key to the growth of the market in focus as they have a wider geographic presence and are in long-term partnership with automotive OEMs for supply of automotive components.
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