Automotive IoT Market Projected to Expand at 21.3% CAGR, Reaching $712 Billion by 2033
The worldwide automotive IoT market is anticipated to grow at a compound annual growth rate (CAGR) of 21.3% during the forecast period (2023-2033) and reach a market value of US $712 billion by the end of 2033, according to Fact.MR, a supplier of competitive intelligence and market research.The Internet of Things in cars, or automotive IoT, is the process of adding internet-connected gadgets to...
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