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The Global Telematics market to grow at a CAGR of 22.67 percent CAGR percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing awareness of road safety. The Global Telematics market has also been witnessing increased adoption of the voice recognition feature in telematics systems. However, downward pricing pressure could pose a challenge to the growth of this market.
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