No traffic. The lights are always green and accidents are a rarity. Does that sound utopian? It certainly does, but if the Internet of Vehicles (IoV) market takes off, that scenario may soon become a reality. According to Allied Market Research, The worldwide IoV market was worth $66,075 million in 2017 and is anticipated to reach $208,107 million by 2024, with a CAGR of 18.00%.
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