The Frozen Potato market is expected to grow at a CAGR of 4.2% during the forecast period from 2024 to 2032, starting from US$ 59,829.0 Mn in 2021.
Rising inclination of industries towards self-generating power sources to reduce the risk of power disruption is driving the market of stationary fuel cells, worldwide. Also, the declining cost of fuel cell technology along with growing awareness among consumers for the use of clean energy is also increasing the market growth. Low emission and fewer efficiency losses during transportation are popularizing the use of stationary fuel cells in the number of applications.
The global automated fingerprint identification systems market is growing competently, expected to grow at a CAGR of 16.5% and is projected to reach 26.86 Bn by 2032. Increasing adoption towards authentication and recognition systems, growing concern towards securely transaction systems, growing application for the digital identification process, and development of advanced authenticated security systems is projected to ensure continued growth for automated fingerprint identification system in the years to come.
The SD-WAN (software-defined wide area network) market worldwide is projected to grow with a CAGR of 36.4% during the forecast period from 2024 to 2032, starting from US$ 1.70 Bn in 2021. Growth of IT industry and adoption of mobility services globally to boost the SD-WAN market. Growing cloud-based solutions and rising digitization are some of the other factor for market growth.
The global mixed reality market is growing competently, and accounted for US$ 165 Mn in 2021 and is expected to grow to US$ 7518.80 Mn in 2032 at a CAGR of 40% throughout the forecast period 2024 to 2032. Mixed reality is an interdisciplinary field involving computer graphics, signal processing, computer apparition, user interfaces, mobile computing, wearable computing, information visualization, and the design of displays and sensors.
The unified threat management market worldwide is expected to grow with a CAGR of 10.5% during the forecast period from 2024 to 2032, starting from US$ 6.50 Bn in 2021. Owing to increase in cyber-attacks and awareness for cybersecurity, the unified threat management is set to grow significantly over the forecast period. Unified threat management is an advanced form of the traditional firewall, capable enough to carry out various security functions which include load balancing, data leak prevention, gateway anti-spam to name a few.
The global airport information system market is growing competently, expected to grow at a CAGR of 6.1% and is projected to reach 6.62 Bn by 2032. The need for technological developments, an increase in the upgrading of existing systems, and efficient air passenger traffic are factors expected to drive the market. In addition, upgrading and modernization activities of the existing airports, the massive increase in constructions of new airports, inclination towards business intelligence solutions and other major programs for staff and passengers is projected to boost the market growth globally.
Globally, the voice biometrics market is expected to grow with a CAGR of 18.5% during the forecast period from 2024 to 2032. The market is driven by the rising need among the organizations to establish efficient and secure methods for data protection and safety. The organizations are swiftly shifting towards the digital business models, and embracing the enterprise mobility solutions and BYOD policies to improve operational efficiency. As a result, employees are using their personal devices to access sensitive business information. However, this could also make the organizations more vulnerable to the cyber-attacks due to lack of security measures.
Globally, the telematics in heavy equipment market is expected to grow with a CAGR of 10.9% during the forecast period from 2023 to 2032. The market is driven by the wide scale adoption of the telematics solution among the construction machineries and equipment. As the pressure on the construction industry to reduce the cost of operation and enhance efficiency is increasing, the construction organizations are swiftly shifting towards the technology solution to enhance the operational efficiency. Furthermore, the integration of the telematics into the machineries enable the effective fleet management reduces the cost and enhances the profits.
Globally, the smartphone market is expected to grow with a CAGR of 8.30% during the forecast period from 2024 to 2032 and had registered a market value of US$ 282.2 Bn in 2021.
