Published by
Newstrail
Newstrail
According to the recent report by IMARC Group, titled “Commercial Telematics Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026,” the global commercial telematics market size reached around US$ 40.3 Billion in 2020 and expected to exhibit strong growth during the next five years. Commercial telematics refers to a technological solution that is primarily adopted for long-distance communication and transmission of information in commercial automobiles. It is utilized for monitoring vehicle location and movement through global positioning systems (GPS) along wi…