MIXT - Automotive telematics market to reach $415.93B by 2027: Emergen Research

Global automotive telematics market is projected to reach $415.93B by 2027 from $63.83B in 2019, according to Emergen Research report.Growth expected at CAGR of 26.4%.The increased usage of cloud-based technology in vehicles coupled with government's strict rules on property identification is likely to drive the sector's growth."Vehicles across every fleet have become technology dependant, the association of which is predicted to drive the automotive telematics market."Emergen highlights the North American region as a dominant telematics market, which is expected to witness significant gains from a growing demand for luxury vehicles throughout the U.S., Canada, and Mexico.Related Tickers: Trimble (TRMB), Tom Tom (TMOAF), MiX Telematics (MIXT), and Cartrack (CRKHF).

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Automotive telematics market to reach $415.93B by 2027: Emergen Research