The enterprise VSAT system market worldwide is expected to grow with a CAGR of 9.5% during the forecast period from 2024 to 2032, starting from US$ 6.02 Bn in 2021. Escalation in satellite services penetration for cross-vertical applications is driving the demand for enterprise VSAT systems worldwide. Further, increase in technological advancements has substantially supported the enterprise VSAT system market.
The computer graphics market worldwide is set to expand with a CAGR of 7.0% over the estimation period from 2024 to 2032, starting from US$ 197.5 Bn in the year 2021. The demand for new and innovative technologies in the global market is the most prominent aspect driving the computer graphics market. Computer graphics are the visual representation of data displayed on the monitor or screen. Thus, they have enhanced the mode of communication between computers and users.
The global trade management software market was valued at US$ 794.24 Mn in 2021 and is anticipated to grow to US$ 1,575.04 Mn expanding at a CAGR of 8.1% during the forecast period from 2024 to 2032. The trade management software simplifies complex trading activities such as import and export management, shipment monitoring etc. which in turn helps companies manage their international trade and import-export activities. Reducing supply chain and compliance risk has been one of the most important feature of this software, thereby allowing traders and companies to effectively and efficiently manage their businesses.
The automotive windshield washer system market is poised to touch US$ 30.45 Bn by 2032, growing at a CAGR of 5.1% during an estimated timeframe from 2024 to 2032 on a global scale. Rising automotive industry worldwide coupled with introduction of various windshield maintenance products is the prime factors driving the market growth. Windshield washer is among the integral components of any automotive vehicle irrespective of its price range. Subsequently, consistently growing sales of automotive vehicles, essentially passenger cars, is projected to ensure continued growth for automotive windshield washers in the years to come.
The global knitting machines market was valued at US$ 7.06 Bn in the year 2021 and expected to reach US$ 11.27 Bn by year 2032, expanding at a CAGR of 4.0% during the forecast from 2024 to 2032. Knitting accounted for more than 30% of the total fabric production in the global textile market in the year 2018. Therefore, constant innovation in the knitting technology such as new machine designs and multi-gauge technologies has restored the textile market from global financial crash during 2007 to 2008.
The global mobility aid devices market is valued at 3,968.6 Mn and likely to witness growth, with a CAGR of 5.0% during the forecast period from 2024 to 2032. Rise in the number of elderly population, sports injury, trauma cases or post-surgery, and new technology assessment in the mobility aid segment for improved outcomes are key factors driving the overall demand for mobility aid devices across the globe.
The scissor lift market is expanding at a CAGR of 5.6% during an estimated timeframe from 2024 to 2032 on a global scale. Rising urban and rural infrastructure, strict adherence to human safety, stringent government regulation and labor laws, compact manoeuvrability is expected to drive the market for global scissor lift. High capital and maintenance cost, lack of machine-specific training to operators, technological unawareness and safety consideration towards lift equipment are few factors that may hinder the market growth of scissor lift.
Globally, the virtual PBX market is expected to grow with a CAGR of 15.1% during the forecast period from 2024 to 2032. The increasing demand for enterprise mobility solutions is driving the demand for virtual PBX market. As the adoption of the mobile devices among the enterprises is rising and employee started using their own devices to access organization data, organizations are looking for new ways to establish a well structured and maintained mobile infrastructure. Virtual PBX allows enterprises to invent their Network infrastructure and enhance collaboration between their employees, which in turn increases the business performance.
Globally, the technical illustration software market is expected to grow with a CAGR of 6.5% during the forecast period from 2024 to 2032, starting from US$ 3.86 bn in 2021. The market is driven by the strict government regulations across the globe to enhance the quality of the documentation and visuals. The government across the globe has implemented several regulations and guideline to enhance the quality of the documentation to provide transparency to the customers.
The smart classroom market worldwide is expected to grow with a CAGR of 18.0% during the forecast period from 2024 to 2032 starting from USD 70.8 Bn in 2021. Ease of teaching and increased effectiveness is a key driver of the smart classroom market. The modern format of classrooms is assimilated with learning technologies like computers, specialized software, audience response technology, assistive listening, audio/ visual capabilities. These are also known as smart classrooms and offer a better learning experience.
