“The SNS Insider report states that the Vehicle Tracking System Market size was US$ 23.15 billion in 2023 and is projected to reach US$ $ 76.54 Billion by 2032. This extensive market size highlights the growing adoption of these systems and increasing their importance in various sectors. The projected CAGR of 14.21% over the forecast period of 2024-2032 shows a promising future for the industry. This growth can be attributed to the creation of progressive monitoring solutions and the growing recognition of their benefits.”