Insights on the Global Fleet Telematics Systems Market 2020-2024: COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats – Technavio
LONDON–(BUSINESS WIRE)–The fleet telematics systems market is expected to grow by USD 38.8 billion, progressing at a CAGR of almost 23% during the forecast period.
The benefits in terms of cost savings is one of the major factors propelling market growth. However, factors such as high costs associated with fleet telematics systems will hamper the market growth.
Fleet Telematics Systems Market: Type Landscape
Aftermarket fleet telematics systems are those that are offered by third-party vendors and are retrofitted into the existing fleet via an onboard diagnostics (OBD) port. The…