Some analysts project even bolder figures, predicting the market will leap from approximately USD 81.7 billion in 2023 to an astounding USD 733 billion by 2032, with a phenomenal CAGR of 27.6%. Another outlook estimates the market value to transition from USD 85.9 billion in 2023 to a staggering USD 1,057.2 billion by 2032, achieving a remarkable 32.5% CAGR.