The connected vehicles market is booming, with the global market size expected to reach USD 413.4 billion by 2032, growing at a CAGR of 18% during the forecast period 2023-2032. The growth of the market is being driven by a number of factors, including the increasing demand for safety and security features in vehicles, the growing popularity of telematics services, and the development of new technologies such as 5G and autonomous driving.
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