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GPS tracking device market size in terms of revenue was estimated to be worth USD 3.1 billion in 2023 and is poised to reach USD 5.7 billion by 2028 , growing at a CAGR of 13.1% from 2023 to 2028. The new research study consists of an industry trend analysis of the market. One of the primary drivers of the GPS tracking device market is the growing demand for fleet management solutions. Fleet operators across industries such as transportation, logistics, and delivery rely on GPS tracking devices to monitor vehicle location, route optimization, fuel management, and driver behavior. By leveraging GPS technology, fleet managers can improve operational efficiency, reduce fuel consumption, enhance driver safety, and optimize fleet utilization, leading to cost savings and improved customer service. Furthermore, the increasing adoption of GPS-tracking devices for asset tracking and management is fueling market growth. Industries such as construction, mining, agriculture, and utilities use GPS