Press releases

The global visualization and 3D rendering software market is anticipated to value USD 9.34 billion until 2027. It is also expected to register a CAGR of 21.41% over the forecasted years, 2020 to 2027. The rising need for enhancing visual experience to analyze products or components at the pre-production stage is anticipated to propel the market growth for such software.

The global smart electricity meters market size is projected to account for USD 18.9 billion by 2027, as per a new report published by Million Insights. It is likely that the market would register 7.8% CAGR over the forecast duration. The demand for energy security is gaining traction in the energy sector. With the advent of renewable energy sources, this demand has been addressed to some extent. However, owing to the limitation in energy sources, it becomes vital to focus on conservation of energy.

The global prescription/Rx sunglass market size is anticipated to value USD 5.31 billion until 2027. It is also expected to register a CAGR of 4.9% over the forecasted years, 2020 to 2027. The surging need to gain good eyesight and rising adoption of superior optics having higher strength is projected to trigger the demand for prescription sunglasses.

The global oil storage market size is projected to account for 2550.8 Million Cubic Meters (MCM) by 2027. The market is anticipated to register 5.3% CAGR from 2020 to 2027, according to a new report by Million Insights. The rise in the application for oil and gas has led to an increased demand for storage facilities. The increasing presence of petroleum reservoir has resulted in stockpiling, which in turn, has attributed to the growth of the market. 

The global household slicer market size is estimated to touch USD 475.2 million by 2027, as per a new report published by Million Insights. The market is projected to register 5.5% CAGR over the forecast duration. In the recent past, cooking popularity as a habit among millennials has surged. Factors such as easy availability of various recipes online coupled with the growing preferences for a healthy lifestyle are driving the market growth.

The global mobile application market size is anticipated to value USD 366.34 billion until 2027. It is also expected to register a CAGR of 11.5% over the forecasted years, 2020 to 2027. The rising adoption of the internet and smartphones to carry out daily activities is projected to propel the market growth for mobile applications.

The global burn ointment market size is estimated to touch USD 1.3 billion by 2027, according to a new report by Million Insights. The market is projected to grow at 6.1% CAGR over the forecast duration. Factors such as increasing awareness about various treatment methods, technological advancements and increasing incidents of the blaze are propelling the growth of the market. 

The global managed print services (MPS) market size is anticipated to value USD 53.13 billion until 2027. It is also expected to register a CAGR of 6.2% over the forecasted years, 2020 to 2027. The increasing need for maintaining documentation and the need for adoption of such services for monitoring of printing procedure is expected to augment the market growth.

The global LED modular display market size is estimated to account for USD 12.59 billion in 2027, as per a new report published by Million Insights. The market is estimated to register over 13.0% CAGR from 2020 to 2027. Growing demand for displaying multiple information and rise in the number of outdoor events are attributing to market growth. LED modular display integrates LEDs and other necessary electronics for video walls and large format display. The demand for these LED display is gaining traction from various outdoor applications such as media & entertainment, retail stores, airports/railways and music concerts. 

The global industrial microwave heating equipment market size is anticipated to value USD 1.77 billion until 2027. It is also expected to register a CAGR of 6.21% over the forecasted years, 2020 to 2027. The increasing need for lowering operational and maintenance costs coupled with surging awareness about industrial pollution is projected to drive the market growth.

The global grow light market size is estimated to account for USD 12.67 billion in 2027, according to a new report by Million Insights. The market is anticipated to register over 16% CAGR from 2020 to 2027. Rise in indoor cultivation and vertical farming is driving market growth. Grow light helps in extending natural light for a longer period, thereby, improving the health of the plants. 

The global distributed fiber optic sensor (DFOS) market is estimated to touch USD 1.87 billion, by 2025, and is projected to grow at the CAGR of 10.8% over the forecast period, 2019 to 2025, according to a new report by Million Insights. The increasing demand from oil & gas and civil engineering application is projected to spur market growth. Fiber optics are highly reliable in streams, pipes, and reactors wherein manual inspection is difficult.

The global CBD pet market is anticipated to value USD 399.2 million until 2027. It is also expected to register a CAGR of 40.3% over the forecasted years, 2020 to 2027. The rising health concerns of pets coupled with surging expenditure across the health and wellbeing sector is projected to drive the market growth.

The global cash management system market is expected to reach USD 25.37 billion, by 2027, according to new report by Million Insights, growing at a CAGR of 12.6% over the forecast period, from 2020 to 2027. The major factor responsible for market growth is the increasing adoption of cash management systems by organizations to predict their money flow accurately.

The United States wound care centers market size is projected to account for USD 17.0 billion by the end of 2027, growing at 3.7% CAGR over the forecast duration, as per a new study by Million Insights. Rise in awareness about the application of Hyperbaric Oxygen Therapy (HBOT) in the treatment of chronic wounds coupled with increasing geriatrics population is driving the market growth. As per the United States Census Bureau in 2020, there has been 34.2% growth in geriatric population in the country in the last one decade. 

The U.S. private LTE and 5G network market size is estimated to touch USD 5.68 billion by 2027, according to a new report by Million Insights. The market is projected to grow at 17.0% CAGR over the forecast duration. The report emphasizes on 5G industry regulations, private network use cases, upcoming trend and the LTE networks. 

The global pharmaceutical logistics market size is expected to account for USD 118.9 billion by the end of 2027 and is anticipated to grow at the CAGR of 7.3% during the forecast period 2020 to 2027, according to a new report by Million Insights. Increasing demand for various drugs owing to rising chronic health disorders is expected to boost the growth of the market.Additionally, COVID-19 pandemic is projected to proliferate the market growth.

The global digital lending platform market size is estimated to arrive at USD 26.08 billion by 2028. It is projected to develop by 24.0% CAGR from 2021 to 2028.Mainly, the digitization of lending services is giving benefits to borrowers along with the lenders by way of suitable procedure of loan application and the payment.The digitization of lending services, furthermore, permits financial organizations to create superior as well as well-versed decisions, about the loan management.

The global in-app advertising market size is estimated to attain USD 226,422.8 million by 2025 and registering CAGR of 19.4% during the forecast period from 2019 to 2025, according to new report by Million Insights. In-app advertising allows advertisers to display several types of advertisements including pop-up videos, banners on mobile applications in order to reach their targeted audience.

The global advanced composites market size is likely to account for USD 50.42 billion by 2027, witnessing 8.3% CAGR over the forecast duration, according to a new report published by Million Insights. Benefits of advanced composites such as lightweight, high strength and reduced weight are driving the product growth. Various end-use industries such as automotive, aerospace & defense, sporting goods and marine are emphasizing on the production of lightweight products, which, in turn, is driving the demand for advanced composites.