Global Automotive Telematics Market is estimated to reach $55.97 billion by 2022 at a compound annual growth rate (CAGR) of 21 per cent between 2016 and 2022, Research and Markets has said in a detailed analysis and forecast of the industry.
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“However, the market consists of certain constraints such as increasing hacking/privacy concerns, lack of cellular coverage, and low awareness about telematics which are hampering its overall growth,”the report stated”.
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