The recruitment process outsourcing market worldwide is projected to expand with a CAGR of 13.9% during the forecast period from 2024 to 2032. The market for recruitment process outsourcing (RPO) is majorly governed by the increasing adoption of outsourcing services worldwide.
Due to expanding globalization among the business organizations worldwide and the resulting lockdown restrictions and work from the home model due to the ongoing COVID-19 pandemic, the need for effective collaboration techniques for real-time video communication has spurred substantially. In addition to this, organizations look for cost-effective solutions that can fulfill their need seamlessly.
The mobile point of sales (mPOS) terminal market is expected to grow at a CAGR of 18.5 during the forecast period of 2024 to 2032. The term "mobile point of sale" (mPOS) refers to a portable system that can be loaded on mobile devices like smartphones and tablets to make the payment process easier. Because businesses just need to install mobile POS software on their portable devices like tablets or smartphones, mobile point-of-sale systems enable merchants to service their clients regardless of where they happen to be located. mPOS has swiftly emerged as a critical tool that enables shops of all sizes to accept card payments.
Favorable government regulations promoting tightened web security has been one of the major factors driving the adoption of web content filtering solutions among end-users. In addition, growing desire to better manage the network bandwidth consumption and defy cyber threats have further fueled market momentum. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 13.9% during the forecast period 2023 – 2032.
The point of Sale (POS) terminal market is expected to grow at a CAGR of 11.5% during the forecast period of 2024 to 2032. Nearly 40% of the worldwide payments industry's revenue comes from POS terminal systems. The market for point-of-sale terminals is expanding at a rapid rate due to a number of factors, one of which is an increase in the adoption of wireless payment systems by retailers. Another factor is the surge in access to various kinds of payment modes, such as Visa (EMV) cards, EuroPay, and MasterCards.
The market for intelligent transportation systems and services is growing steadily with rising need to reduce traffic congestions particularly in metropolitan cities across the world. In addition, intelligent transportation systems offer benefits such reduced fuel consumption, travelling delays and environment protection. Rising awareness about the benefits of this technology is expected to spur the demand for ITSS particularly in emerging markets.
With the advancements in wireless technology, the land mobile radio systems market is set to witness steady growth in the next few years. The growing need for seamless interoperable communication in mission critical as well as commercial applications is identified as the major factor driving the land mobile radio systems market. The land mobile radio industry has been witnessing a shift in paradigm from analog to digital communication systems.
The market for electric motors market is expected to see a significant growth throughout the forecast period 2015 – 2023 with rising demand for energy efficient electric motors driven systems (EDMS). Countries across the world are focusing on to reduce electricity consumption and introducing mandatory policies to use energy efficient electric motors and electric motor driven systems. In addition, rising production of motor vehicles and HVAC equipment represents a positive outlook for electric motor manufacturers and distributors.
Growing demand for avionics in military aviation and rising adoption of HUDs in civil and commercial aircraft has collectively spurred the demand for head-up displays in the aviation segment. In addition, escalating demand from automotive sector has further fueled market momentum. Strong growth in the premium and luxury car segment has provided the much needed impetus to the market growth.
Enhanced Oil recovery (EOR) is the technique used to increase the amount of crude oil that can be extracted from the reservoir. In this process, the oil recovery is increased by injecting substance into the oil well to increase pressure and reduce viscosity of the crude oil. In conventional process, the recovery from oil well is approximately 25% of the oil reserve capacity whereas with EOR techniques upto 70% of the oil can be extracted from the reservoir. In case of heavy oil reservoir where crude extraction from primary recovery is difficult, EOR techniques such as thermal injection are widely used to enhance the oil recovery. However, this technique is not effective when the reservoirs are deep or too thin.
