Innovation on the Road: How GPS Tracking Drives Fleet Efficiency and Safety
The GPS tracking industry is undergoing unprecedented growth, with its valuation predicted to reach an astounding $5.7 billion by the year 2028, according to this study by MarketsandMarkets. This reflects an impressive CAGR of 13.1% throughout the same period. These progressive devices, relying on advanced satellite technology, offer real-time tracking capabilities and deliver precise geolocation data of assets, vehicles, and individuals. The FMCSA brings to light that the deployment of GPS tracking systems could avert roughly 20% of all accidents instigated by driver fatigue. This fact highlights the escalating importance and usage of GPS-tracking technologies.
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