The global telecom power systems market is poised to reach US$ 6,621.5 Mn by 2032, expanding at a CAGR of 6.9% during the forecast period from 2024 to 2032. Exponential growth in the high-speed data users, internet, mobile phones, and other communication services has challenged the telecom power sector to reduce energy consumption in cooling system and processing equipment. This has pushed the information technology into distribution network to transform traditional telecom grid into smart system by introducing sensors and other monitoring & control equipment into it.
Globally, the retail printer market is expected to grow with a CAGR of 6.2% during the forecast period from 2024 to 2032, starting from US$ 3.21 Bn in 2021. The market growth is driven by the increasing competition among retailers. As the competition among the market players is fueling and the customers are becoming more empowered, the retailers are focusing more on providing better shopping experience to the customers.
Globally, the talent acquisition and staffing technology & services market is expected to grow with a CAGR of 6.5% during the forecast period from 2023 to 2032. The market growth is primarily driven by the increasing focus by the organizations on recruitment marketing, brand building, employee engagement and culture development is the primary factor driving the market growth. The organizations are focusing heavily on the brand development strategies to acquire talent, increase employee retention rate and offer higher employee engagement.
Globally, the smart factory market is expected to grow with a CAGR of 9.5% during the forecast period from 2023 to 2032. The growth of the market is driven by the increasing digitalization across manufacturing facilities. The overall manufacturing industry is going through a phase of digital disruption over the past decade due to the increasing competition among and advancement in globalization. The market dynamics are changing and the demand for customized products are increasing.
Globally, the printing machines market is expected to grow with a CAGR of 4.5% during the forecast period from 2024 to 2032, starting from $ 21.28 Bn in 2021. Globally, the requirements of commercial printing are changing as several print service providers are seeking for new ways to stand out in the competitive industry. Factors such as technological advancements, digital advances of the machines, emergence of improved software and mechanized tools and penetration of automation in the industry are the primary factors driving the growth of printing machines market.
Globally, the penetration testing market is expected to grow with a CAGR of 13.5% during the forecast period from 2024 to 2032, starting from $ 964.9 Mn in 2020. Penetration testing is also called as ethical hacking and is used to test security level of the computer system or network which can be exploited by a hacker or cyber attacker. Penetration testing is performed with the help of software solutions and also can be performed manually.
Globally, the pallet trucks market is expected to grow with a CAGR of 7.1% during the forecast period from 2024 to 2032. The growth of the market is driven by the explosive growth in the e-commerce market. Over the past decade, a significant surge in the e-commerce market has been witnessed.
Globally, the multihead weighers market is expected to grow with a CAGR of 5.3% during the forecast period from 2024 to 2032, starting from US$ 243.7 Mn in 2021. The growth of the market is driven by the increasing demand for accuracy and efficiency for weighing. Organizations are leveraging on the multihead weighers for automatically and precisely to weigh wide array of products used across multiple industry verticals.
Globally, the medical recruitment market is expected to grow with a CAGR of 4.5% during the forecast period from 2024 to 2032. The increasing shortage of the healthcare professionals across the healthcare industry is augmenting the demand for the medical recruitment services. The growing demand for the healthcare services across the globe due to increasing prevalence of the chronic diseases is giving rise to the requirement of the healthcare professionals.
The global offshore support vessels (OSV) market is poised to reach US$ 49.06 Bn by 2032, expanding at a CAGR of 7.8% during the forecast period from 2024 to 2032. Increasing deep and ultra-deep water hydrocarbon exploration and production activities, decommissioning of outdated platforms, and growing numbers of contracted rigs are identified as the major factors driving demand for offshore support vessels (OSV) worldwide.
