These reports of CAGR are predictions are largely fluff when it comes to picking the performance of an individual company.
Companies use these as a way to market the potential size when promoting their businesses, but they are completely broad with many players.
A couple of other examples
Legal Marijuana Market Worth $146.4 Billion by 2025 | CAGR: 34.6%
https://www.grandviewresearch.com/press-release/global-legal-marijuana-market
Global Artificial Intelligence Market Growing at 36.62% CAGR Will Hit $190B in 2025
https://cagrvalue.com/artificial-intelligence-market-cagr-36-62-2018-2025/