The global deburring machine market is anticipated to grow at a CAGR of 6% during the forecast period of 2023 to 2031. The increasing use of automation in industrial processes will drive the expansion of this industry. The market for deburring machines is driven by the increasing demand for precise machining and the requirement for high-quality products.
The cryptojacking solutions are expected to expand at a compound annual growth rate of 15% during the forecast period of 2023 to 2031. Cloud computing is becoming an increasingly popular tool for companies to use in order to outsource mission-critical tasks and improve their operational efficiencies. Computing on the cloud has developed into an industry standard for many companies, regardless of their size.
The global market for smart parking systems is anticipated to develop at a CAGR of 22% during the forecast period of 2023 to 2031. As a result of the epidemic caused by COVID-19, countries all around the world have evidenced lockdowns of varied degrees, and many governments have also adopted initiatives to boost economic recovery.
Global business intelligence market is expected to grow at a CAGR of 9.5% during the forecast period of 2022-2030. The market is primarily driven by exponential growth in data generation. The increasing amount of data offers new opportunities for business development. Connecting analytics has resulted into new approaches of customer engagement that is the capability to amplify the skills and intelligence among employees, new services and products and more opportunity to explore the models of business.
Globally, the audio communication monitoring market is expected to grow with a CAGR of 16.1% during the forecast period from 2021 to 2029, starting from 2020 with a market value of US$ 1.98 Bn. Audio communications monitoring is defined as reviewing or analyzing the telephonic conversations and transactions, either manually or automatically, various regulated companies perform this monitoring. The audio communication monitoring technology is used by various industries especially by the BFSI industry to extract business intelligence data and make a strategic decision for the firm.
