According to UnivDatos, the global Construction and Heavy Equipment Telematics Market was valued at USD 0.7 billion in 2021 and is projected to grow at a CAGR of 16.0% from 2022 to 2030, reaching a multi-billion-dollar valuation by the end of the decade. With continued innovation, the role of telematics will only become more vital in driving efficiency, safety, and growth in the industry.
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