The electric propulsion satellites market is expected to grow at a CAGR of 12.2% during the forecast period of 2024 to 2032. Electric propulsion satellites market is rapidly evolving as space exploration and satellite deployment activities intensify globally. Electric propulsion (EP) systems for satellites use electrical energy to accelerate propellant at high speeds, providing efficient thrust to maneuver satellites in space.
The data center fabric market is expected to grow at a CAGR of 21.0% during the forecast period of 2024 to 2032. Data center fabric market is an essential segment of the IT infrastructure industry, focusing on the networking and management solutions within data centers. Data center fabrics are used to streamline the network infrastructure, providing a flexible, scalable, and efficient networking topology that simplifies data access and enhances connectivity among data storage and servers. The rise of cloud computing, the explosion of data volumes, and the growing need for efficient data management systems have notably driven the adoption of data center fabric solutions.
The IoT chipset market is expected to grow at a CAGR of 11.5% during the forecast period of 2024 to 2032, driven by the proliferation of connected devices, advancements in wireless communication technologies, and increasing adoption of IoT solutions across various industries. IoT chipsets play a critical role in enabling connectivity, processing data, and facilitating communication between IoT devices and networks.
The cloud native network security market is expected to grow at a CAGR of 15.1% during the forecast period of 2024 to 2032, driven by the rapid adoption of cloud-native architectures, the growing complexity of cloud-native environments, and the heightened focus on zero trust security principles. Despite challenges related to skill shortages and talent gaps, the market offers lucrative opportunities for vendors and service providers to capitalize on the increasing demand for advanced network security solutions tailored for cloud-native environments.
The low-power IoT devices and network market is expected to grow at a CAGR of 17.1% during the forecast period of 2024 to 2032, propelled by advancements in sensor technologies, the evolution of LPWAN, and the growing applications in Industrial IoT. However, challenges related to mesh network complexity serve as a restraint. Geographically, Asia-Pacific is expected to experience the highest CAGR, while North America remains a significant contributor to overall revenue.
The internet of robotic things market is expected to grow at a CAGR of 30.1% during the forecast period of 2024 to 2032, driven by key drivers such as sensor advancements, real-time streaming analytics, and the demand for collaborative industrial robots. However, challenges related to network bandwidth management pose constraints. Geographically, Asia-Pacific is anticipated to experience the highest CAGR, while North America remains a significant contributor to overall revenue.
The Internet of medical things (IoMT) has become a transformative force in the healthcare industry, leveraging connected devices to enhance patient care, streamline processes, and improve overall efficiency. The Internet of medical things continues to reshape the healthcare landscape and is expected to grow at a CAGR of 21% during the forecast period of 2024 to 2032, driven by advancements in wearable technology, data interoperability, and the rise of telehealth. While data security remains a critical concern, the IoMT market is poised for significant growth, with services, cloud deployment, and the Asia-Pacific region emerging as key drivers.
Intelligent document processing (IDP) has emerged as a transformative technology, combining machine learning, natural language processing (NLP), and computer vision to streamline document-based processes. The IDP market is expected to grow at a CAGR of 31% during the forecast period of 2024 to 2032, driven by the pursuit of enhanced operational efficiency through automation, the growing embrace of machine learning for intelligent insights, and the evolution of NLP capabilities.
The smart IoT module market is expected to grow at a CAGR of 30% during the forecast period of 2024 to 2032, driven by a surge in demand driven by diverse applications across industries. Amidst the dynamism, three primary drivers fuelling market growth include technological advancements, increasing adoption in manufacturing, and the rise of Smart Cities. Evidence points to the evolution of cellular IoT modules, LPWAN modules, and short-range communication modules, each catering to unique communication requirements.
The advertising-based video on demand (AVOD) market is a dynamic segment within the digital entertainment landscape, witnessing significant growth and evolution. The AVOD market is expected to grow at a CAGR of 29.2% during the forecast period of 2024 to 2032, driven by key drivers such as the rising trend of digital content consumption, the adoption of AVOD by content creators and publishers, and the global expansion of AVOD platforms. However, the challenge of ad fatigue and user experience concerns poses a significant restraint that requires careful consideration.
