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[Market Research Report] Global Market for Transportation and Fleet Management Solutions

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The global transportation and fleet management solutions market is expected to grow at a significant CAGR of 16.3% during the forecast period. The presence of stringent government regulations, an increase in the number of vehicles and asset theft, and a rise in traffic accident cases are driving the demand for transportation and fleet management solutions. According to the World Health Organization (WHO), approximately 1.3 million people lose their lives in traffic accidents each year. Additionally, between 20 million and 50 million sustain non-fatal injuries, many of which result in disabilities. More than half of traffic accident fatalities involve vulnerable road users, including pedestrians, cyclists, and motorcyclists. Such traffic accidents can be minimized through the proper use of transportation and fleet management solutions. Therefore, there is a high demand for these solutions in the market.

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