Siliconindia Magazine

Cover Story

Spotrack: Offering Comprehensive Technology-Driven Asset Management Solution

The global GPS tracking device market is estimated to be worth $6,378 million by 2030, with a CAGR of 12.6 percent over the forecast period (2022­2030). The global GPS tracking gadget business is booming and for all the right reasons. The integration of real-time monitoring and fuel management in cars, as well as safety and security concerns within transportation services, are significant factors driving the growth of the global vehicle tracking systems market. The increasing usage of intelligent transportation systems, the introduction of 5G into vehicle connections, and the expanding acceptance of mobility-as-a-service (MaaS) are expected to present attractive potential possibilities for the industry.