Commercial Vehicle Telematics Market Size- KBV Research
The Commercial Vehicle Telematics Market size is expected to reach $85.4 billion by 2024, rising at a market growth of 19.4% CAGR during the forecast period. Telematics interconnects telecommunications with computer technology to provide enterprises with data on remote products like vehicles in real time. It enables them to track, at a given point, any or all of their essential supplies. However, just the location and length of travel is not the matter. Telematics has developed so that all kinds of important information can be collected and transmitted that can be used to achieve a productivity gain. The telematics use is therefore exponentially increasing. A RAC telematics survey found that 64 % and 62 % of transportation and distribution companies use telematics. For example, as part of an extended ambition to establish a connected supply chain, BMW has already implemented a sophisticated Transport Management System (TMS). Full Report: https://www.kbvresearch.com/commercial-vehicle-telematics-market/
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