The test automation market worldwide is anticipated to grow with a CAGR of 14.7% during the forecast period from 2024 to 2032, starting from US$ 40.70 Bn in 2021. Increased mobile application market and rising DevOps methodology worldwide are the major reasons for the market growth.
The structural health monitoring market worldwide is expected to grow with a CAGR of 19.0% during the forecast period from 2024 to 2032, starting from US$ 2.02 Bn in 2021. Extensive accessibility of low-cost sensors, growing infrastructural development across the globe shall drive the structural health monitoring market.
The quick service restaurant market worldwide is expected to grow with a CAGR of 5.5% during the forecast period from 2024 to 2032, starting from US$ 1.56 Tn in 2021. The prerequisite for reinventing customer experience, improved demand for self-service options and escalating awareness for the same among the consumers is driving the quick service restaurant market.
The food emulsifiers market is expected to grow at a CAGR of 5.1% during the forecast period from 2024 to 2032, starting from US$ 2.6 Bn in 2021. The rising demand for food additives and processed food drives the food emulsifiers market as emulsifiers are the most common content of processed food.
The power system analysis software market worldwide is expected to grow with a CAGR of 9.8% throughout the prediction period from 2024 to 2032, starting from US$ 4.76 Bn in 2021. Rising need for energy generation and increasing penetration of big data analytics are the major reasons driving the market growth.
The magnetic ink character recognition (MICR) devices market worldwide is expected to grow with a CAGR of 1.5% during the forecast period from 2024 to 2032, starting from US$ 582.06 Mn in 2021. Increasing demand for a fast and safe document processing technology has forced companies to develop an advanced MICR device. A magnetic ink character recognition (MICR) device is deployed to validate the originality of a document, specifically checks.
The machine learning as a service market worldwide is estimated to grow with a CAGR of 35.5% throughout the forecast period from 2024 to 2032, starting from US$ 2,308.4 Mn in 2021. Growing cloud-based technologies need to understand consumer behavior and rising technological advancements are the major factors driving the market growth. Massive technological disruptions along with digitization is another factor driving the market growth.
The content analytics market worldwide is projected to grow with a CAGR of 21.5% during the forecast period from 2024 to 2032, starting from US$ 4.05 Bn in 2021. Rising adoption of advanced analytics and growing business content will drive the content analytics market. Rising adoption of content analytics in the various industries such as healthcare, media & entertainment, retail, telecom, travel and others, is another major factor for the market growth. Convergence of text analytics with Big Data is another major reason driving the market.
The virtual private server market worldwide is expected to grow with a CAGR of 16% during the forecast period from 2024 to 2032, starting from US$ 3.06 Bn in 2021. VPS is also known as virtual dedicated servers act as virtual machines and the user is accountable for managing and monitoring the server. Increase in the need among enterprises for a higher control over server rather than using shared servers is driving the need of VPS private servers. The demand for VPS private servers will be backed by the benefits it offers.
The remote diagnostic market worldwide is expected to grow with a CAGR of 16.5% during the forecast period from 2024 to 2032, starting from US$ 21.69 Bn in 2021. The increase in sales of hybrid and electric vehicles shall primarily drive the remote diagnostic market. Remote diagnostic refer to the act of analyzing a certain symptom, issue or problem from a distance. The amalgamation of IoT and telematics technology shall contribute to the growth of the remote diagnostic market.
