The reopening of the global economy will drive up the demand for transportation and delivery services, namely car and truck fleet and mobile asset management solutions.
It’s estimated that the fleet management market will grow at a compound annual growth rate (CAGR) of more than 15% from 2021 to 2027. The fleet management market was worth about $16.0 billion in 2020. (Source: “Fleet Management Market Size by Solution,” Global Market Insights Inc., last accessed January 25, 2022.)
To play this market growth, consider MiX Telematics Ltd (NYSE:MIXT), a provider of fleet and mobile asset management solutions to clients in more than 120 countries.
Find out more about MIXT stock here
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