Commercial Telematics Market to Grow at CAGR of 15.46% through 2033; Rapid Digital Revolution in the Automotive Sector to Bolster Growth [Yahoo! Finance]
AT&T Inc. (T)
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Source: Yahoo! Finance
The market is expanding rapidly due to the growing demand for real-time data analytics to improve operational efficiency and make wise business decisions, as well as the increased requirement for fleet optimisation and increased vehicle safety. Newark, April 15, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 45.83 Billion in 2023 commercial telematics market will reach USD 192.95 Billion by 2033. The need for increased fleet management effectiveness is the factor that drives the business. Fleet managers constantly seek methods to optimise fuel efficiency, reduce idle time, and improve route planning. Telematics systems' real-time data analysis helps operators make informed decisions that save operating expenses and increase productivity. Additionally, these technologies provide essential information about the state of the car, which helps with preventive maintenance and reduces downtime. This efficiency-focused strategy reduces carbon footprints, which lowers ex
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