Telematics Solutions Market Is Projected To Reach $138.25 Billion By 2029 Globally, At A Cagr Of 15%, Says Exactitude Consultancy

Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has published a research report on the Telematics Solutions Market. The report states that the Telematics Solutions Market is expected to grow at 15% CAGR from 2023 to 2029 and is expected to reach above USD 138.25 billion by 2029 from USD 39.3 billion in 2022. Telematics solutions are a method of monitoring a vehicle’s position and movement by integrating GPS and on-board diagnostics. These systems are mainly used by automobile insurance companies, fleet management companies, etc. to monitor the location and behaviour of vehicles.