Globally, the smartphone sensors market is expected to grow with a CAGR of 5.60% during the forecast period from 2024 to 2032 and had registered a market value of US$ 53.38 Bn in 2021. Smartphones sensors are defined as the sensing device which are integrated in smart phones for collecting data based on different parameters and application with the help applications installed with a smartphones.
Globally, the runtime application self-protection (RASP) market is expected to grow with a CAGR of 30.5% during the forecast period from 2024 to 2032, starting from US$ 562.1 Mn in 2021. The market is propelled by the increasing adoption of cloud computing solution across the enterprises. Over the past decade, cloud computing has emerged as the most disruptive technology for the organization that enables the companies to digitalize their business operations and processes. It eliminates the need for capital expenditure on the IT infrastructure and help organizations reduces the maintenance cost of the IT infrastructure. Furthermore, cloud computing allows the enterprises more flexibility, business agility and scalability.
Globally, the oil & gas data management market is expected to grow with a CAGR of 15.0% during the forecast period from 2024 to 2032 and is expected to register a market value of US$ 9.51 Bn in 2032. Data management includes various advance technologies and architectures which are specifically designed to extract vital information from a large volume of unstructured and structured data and perform various analysis to present the important information from it in real-time.
The global forklift trucks market is growing competently, expected to grow at a CAGR of 4.7% during the estimated period from 2024 to 2032, starting from US$ 38.71 Bn in 2021. Global growth in the e-commerce logistics industry and growing demand for modern material handling equipment will boost the forklift trucks market growth. Growing investments in the manufacturing, mining, and construction industry will also boost the market demand. The growth of retail industry worldwide will also boost the demand for forklift trucks.
Globally, the master recharge API market is expected to grow with a CAGR of 4.8% during the forecast period from 2024 to 2032, started from US$ 12.37 bn in 2021. The market is driven by the increasing adoption of the online Payment and mobile payment solution across the globe. As the information availability is increasing and the customers are becoming empowered, the financial institutes are leveraging on the online banking channels to meet the customers on their choice of channels.
Globally, the gigabit WiFi hotspot market is expected to grow with a CAGR of 14.2% during the forecast period from 2024 to 2032. The market is driven by the increasing adoption of smart devices across the globe. Over the past decade, a significant rise in the number of smart devices has been witnessed. The total number of the smartphone worldwide has crossed 2 billion marks and the number is further estimated to increase in the future.
Globally, the dealer management systems market is expected to grow with a CAGR of 7.60% during the forecast period from 2024 to 2032 and is expected to register a market value of US$ 14.37 Bn in 2032. A dealer management system is a system that is used to provide a centralized application for collecting customer and vehicle inventory information.
Globally, the workforce analytics market is expected to grow with a CAGR of 16.5% during the forecast period from 2024 to 2032. The market is propelled by the growing need among the organizations to enhance the operational efficiency and curb the operational cost. The organizations are adopting the technology based solutions and services for their talent acquisition needs and workforce management and performance evaluation.
Globally, the data monetization market is expected to grow with a CAGR of 19.6% during the forecast period from 2024 to 2032. Data monetization is defined as the data generated by the companies or organization, which are used to create economic benefits, or simply turning corporate data into currency. These currencies are in different forms of actual currency or data currency which are used as a means of exchange of data, product or services.
Globally, the connected retail market is expected to grow with a CAGR of 20.6% during the forecast period from 2024 to 2032 and had registered a market value of US$ 26.21 Bn in 2021. Connected retail is defined as a connection between the customer and the retail stores with the help supply chain, personalized marketing, varied payment options, a combination of the physical store and digital experience, and allowing the capability to employees to collaborate more effectively.
