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The Global Insurance Telematics Market was valued at USD 6.8 billion in 2024 and is estimated to grow at a CAGR of 18.9% to reach USD 30.9 billion by 2034. This strong momentum is largely attributed to the growing demand for connected vehicles and the rapid uptake of data-driven insurance models. As vehicles become more integrated with digital technologies, telematics has emerged as a key enabler in modernizing insurance offerings.
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