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Press releases
Published On: July 30, 2020

The global wood plastic composite market size is estimated to touch 12.5 billion by the end of 2027, as per a new report released by Million Insights. It is predicted that the market would grow at a CAGR of 11.4% over the forecast period. The demand for wood plastic furniture for sheet pilings and street construction is increasing.

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Published On: July 30, 2020

The global warehouse robotics market size is estimated to touch USD 6.46 billion by 2025, as per a new report by Million Insights. The market is predicted to witness 11% CAGR from 2019 to 2025. The rapid rise in e-commerce platforms coupled with growing demand from consumers about fast and efficient packaging solution is estimated to proliferate the market growth. 

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Published On: July 30, 2020

The global customer relationship management (CRM) market is projected to reach USD 114.4 billion by 2027 and expected to grow with a CAGR of 14.2% over the forecast period, from 2020 to 2027, according to Million Insights. Increasing demand for new technologies to analyse capabilities, information to collect the data, and converting it into better consumer experience is expected to drive the market growth across various industries.

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Published On: July 29, 2020

The global automotive wheelsaftermarket is projected to value USD 7.19 billion until 2025. It is expected to register a CAGR of 3.0% over the forecasted years, 2019 to 2025. The rising usage of vehicles leading to wear and tear of wheels coupled with trend over replacing conventional ones with alloy wheels for aesthetic improvement are projected to drive the market growth.

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Published On: July 29, 2020

The U.S. SMS marketing market size is projected to value USD 12.6 billion until 2025. It is expected to register a CAGR of 20.3% over the forecasted years, 2019 to 2025. The increasing adoption of mobile phones coupled with the need for implementing marketing strategies through virtual mode is anticipated to drive the market growth in the upcoming years.

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Published On: July 29, 2020

The global Testing, Inspection and Certification (TIC) market size is projected to reach USD 404.7 billion by 2025 and expected to grow with a CAGR of 5.2% over the forecast period, from 2019 to 2025, according to Million Insights. TIC services have been adopted rapidly across several industries due to strict government norms for testing, inspection, and certification. 

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Published On: July 29, 2020

The global perimeter security market size is expected to reach USD 29.6 billion by 2025 with a CAGR of 7.7%, according to a new report published by Million Insights. Growing security concerns among peoples and organizations and an increasing number of illegal activities, such as theft, unauthorized access, human intrusion, infrastructure alterations and smuggling, have led to an increase in the adoption of perimeter security systems.

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Published On: July 29, 2020

The global dump truck market size is estimated to attain USD 72.4 billion, by 2025, and is projected to grow at the CAGR of 8.6% over the forecast period, 2019 to 2025, according to a new report by Million Insights. Rising activity in mining and construction sectors along with growing government investment on infrastructure is boosting the demand for dump trucks.

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Published On: July 29, 2020

The global automotive engineering services outsourcing market size is projected to touch USD 469.6 billion by the end of 2027, as per a new report released by Million Insights. The market is predicted to register a CAGR of over 27% over the forecast duration. Increasing collaboration between ESPs and OEMs for leveraging innovative technologies to ensure enhancement, safety and autonomous driving are driving the market growth.

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Published On: July 29, 2020

The global restaurant POS terminal market size is projected to reach USD 25.1 billion by 2027 and expected to grow with a CAGR of 6.8% over the forecast period, from 2020 to 2027, according to Million Insights. Rising demand for outside food, especially on weekends by people has incurred the need for optimizing operations right from inventory management to customer feedback. Therefore, adaptation POS has enhanced the management of customer relationship, staff scheduling, and table orders.

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Published On: July 29, 2020

The global military & commercial parachutes market size is projected to value USD 930.4 million until 2025. It is expected to register a CAGR of 6.1% over the forecasted years, 2019 to 2025. The rapid technological advances being carried out for enhancing international securities and shifting inclination towards aerial sports is anticipated to drive the market growth.

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Published On: July 28, 2020

The global location-based entertainment market is projected to value USD 7.8 billion until 2025. It is expected to register a CAGR of 32.1% over the forecasted years, 2019 to 2025. The increasing preference to gain realistic gaming experience prevailing among the millennial population is projected to propel the market growth.

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Published On: July 28, 2020

The global gaskets and seals market is estimated to reach USD 74.2 billion, by 2025, and is projected to grow at the CAGR of 3.7% from 2019 to 2025, according to a new report by Million Insights. The increasing demand for seals & gaskets in semiconductor manufacturing and fluid transmission application is projected to propel the market growth.

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Published On: July 28, 2020

The global automotive steel market is projected to reach USD 130.07 billion by 2025, according to Million Insights. The market is expected to grow with the 3.2% CAGR above the forecast period, from 2019 to 2025. Increasing demand for lightweight vehicles coupled with the expansion of production facilities in Asia Pacific is expected to drive the growth of automotive steel market over the forecast period.

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Published On: July 24, 2020

The global humidity sensor market size is estimated to reach USD 1.5 billion, by the end of 2025, and is projected to grow at a CAGR of 7.8% over the forecast period from 2019 to 2025, according to a new report by Million Insights. The standard regulations are made by the organizations like Environmental Protection Agency (EPA), and FSSAI for food standards for the quality and safety of food. This has triggered need for processed food, which is stored under ambient moisture.

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Published On: July 24, 2020

The global education and learning analytics market size is estimated to attain USD 49.12 billion, by the end of 2025, and is anticipated to grow at a CAGR of 17.4% from 2019 to 2025, according to a new report by Million Insights. Growing trend of e-learning practices such as learning management systems, mobile learning is expected to propel the market growth. These learning technologies improve the teaching and student efficiency.

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Published On: July 24, 2020

According to a new report by Million Insights, the Asia Pacific video streaming market size is anticipated to touch USD 31,054.1 million by the end of 2025. The market is projected to exhibit a CAGR of 20.7% over the forecast duration. Increasing preferences for on-demand video content coupled with increasing consumption of online consumption of videos through online platforms are anticipated to bode well for the growth of the market.

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Published On: July 24, 2020

The global all-terrain vehicle market size is projected to touch USD 4.8 billion by the end of the forecast year 2025, as per a new report published by Million Insights. It is estimated that the market would exhibit a CAGR of 3.1% from 2019 to 2025. The increasing number of off-road terrain, trails and development of parks for recreational purpose are attributing to the growth of the market. 

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Published On: July 24, 2020

The global simulation software market size is projected to value USD 21.33 billion until 2025. It is expected to register a CAGR of 16.98% over the forecasted years, 2019 to 2025. The rapid technological advances being carried out for virtual testing of vehicles and aircrafts is projected to drive the market growth across the globe.

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Published On: July 24, 2020

The global security market size is projected to reach USD 167.12 billion by 2025 and is expected to grow with 10.3% CAGR over the forecast period, from 2019 to 2025. The adoption of security systems is gaining traction as these systems offer high quality surveillance along with optimized distortion.

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