Why will Automotive Telematics Market Boom in North America in Future? The global automotive telematics market revenue stood at $27.7 billion in 2019 and it is predicted to rise to $149.9 billion by 2030. According to the forecast of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 16.6% during 2020–2030 (forecast period). Automotive Telematics Market Research Report@ https://www.psmarketresearch.com/market-analysis/global-telematics-market Road accidents are one of the leading causes of deaths all over the world. According to the World Health Organization (WHO), road crashes claim the lives of 1.3 million people every year. Furthermore, the organization found that road accidents cost many countries around 3% of their gross domestic product (GDP). Thus, the rising incidence of these accidents is fueling the demand for greater vehicle and passenger safety and also more efficient and smoother road traffic.
Why will Automotive Telematics Market Boom in North America in Future? The global automotive telematics market revenue stood at $27.7 billion in 2019 and it is predicted to rise to $149.9 billion by 2030. According to the forecast of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 16.6% during 2020–2030 (forecast period). Automotive Telematics Market Research Report@ https://www.psmarketresearch.com/market-analysis/global-telematics-market Road accidents are one of the leading causes of deaths all over the world. According to the World Health Organization (WHO), road crashes claim the lives of 1.3 million people every year. Furthermore, the organization found that road accidents cost many countries around 3% of their gross domestic product (GDP). Thus, the rising incidence of these accidents is fueling the demand for greater vehicle and passenger safety and also more efficient and smoother road traffic.
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