The global telematics market is expected to grow an estimated one-third every year between 2016 and 2022, according to a new study by consulting firm P&S Market Research.

The study, "Global Telematics Market Size, Share, Development, Growth and Demand Forecast to 2022", projects the telematics market will grow from a reported $26 billion in 2015 to $140 billion in six years at a compounded annual growth rate of nearly 29%.

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