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Technavio’s market research analysts estimate the global automotive remote diagnostics market to grow at a CAGR of more than 14% by 2020. Remote vehicle diagnostics is a key telematics application in tapping significant potential revenue from the aftersales period of the vehicle. This has turned out to be the best available means to boost ROI on several new technology offerings, such as telematics applications and services or connected car offerings. The vehicle manufacturers are focusing on implementing remote diagnostics as a business model to explore this untapped revenue potential source. This growth in the telematics market will be a key growth driver for the remote vehicle diagnostics market during the forecast period.