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Press releases
Published On: July 21, 2020

The U.S. healthcare ERP market size is estimated to be USD 2.1 billion by 2025, growing at a CAGR of 5.6% over the forecast period, 2019 to 2025, as per a new report by Million Insights. Owing to the growing digitalization in healthcare across the U.S., a huge volume of data is generated.

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Published On: July 21, 2020

The global business intelligence (BI) software market size is anticipated to value USD 48.5 billion until 2025. It is also expected to register a CAGR of 10.1% over the forecasted years, 2019 to 2025. The rising need for analyzing data and making strategic decisions is expected to drive the demand for the market in the upcoming years.

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Published On: July 20, 2020

The global hydration backpack market is estimated to reach USD 701.9 million, by end of 2025, and is projected to grow at a CAGR of 12.4% from 2019 to 2025, according to a new report by Million Insights. The growing participation of consumers especially from countries such as Brazil, India, and China in activities such as cycling, running, and hiking is anticipated to boost the market growth.

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Published On: July 20, 2020

The global automotive electric fuel pumps market size is anticipated to value USD 18.44 billion until 2025. It is also expected to register a CAGR of 5.0% over the forecasted years, 2019 to 2025. The benefits over usage of these fuel pumps like improved fuel efficiency and an increase in the operational efficiency of vehicle engines are anticipated to fuel up their demand in the upcoming years.

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Published On: July 20, 2020

The global RegTech market size is anticipated to value USD 55.28 billion until 2025. It is also expected to register a CAGR of 52.8% over the forecasted years, 2019 to 2025. The increasing number of financial frauds coupled with the need for compliance and risk management solutions across financial institutions is projected to drive the growth of the regulatory technology market across the globe.

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Published On: July 20, 2020

The global advanced analytics market size is projected to touch USD 59.1 billion by 2027, as per a new report by Million Insights. The market is anticipated to register a CAGR of 25.3% over the forecast period. The growing use of advanced analytics in various industries such as BFSI, government, manufacturing and others is proliferating the demand for the market.

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Published On: July 20, 2020

The U.S. voice recognition market size is projected to touch 733.3 million units by 2025 as per a new report published by Million Insights. The market is estimated to expand over 16% of CAGR from 2019 to 2025. The increasing demand for self-service features in BFSI sector is triggering the demand for voice-based applications, which, in turn, driving voice recognition market growth.

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Published On: July 17, 2020

The global beard oil market size is estimated to reach USD 1.4 billion, by 2025, and is projected to grow at the CAGR of 6.1% from 2019 to 2025, according to a new report by Million Insights. Major beauty & cosmetics companies are focusing on investing in R&D activities and new product development to meet the changing consumer needs which is anticipated to surge the demand for the product.

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Published On: July 17, 2020

The global MEMS microphones market size is estimated to be worth USD 2,991.0 million by 2025, according to a new report by Million Insights. The industry is expected to witness substantial growth due to raising the extensive use of microphones in several end-use applications, especially consumer electronics.

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Published On: July 17, 2020

The global non-alcoholic drink market size is estimated to reach USD 1.6 trillion, by 2025, and is projected to grow at a CAGR of 5.3% from 2019 to 2025, according to a new report by Million Insights. The increase in demand for non-alcoholic drinks has contributed to harmful effects of alcoholic drinks.

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Published On: July 17, 2020

The global warehouse order picking market size is projected to reach USD 11.16 billion by 2025 and expected to grow with CAGR of 10.2% over the forecast period, from 2019 to 2025, according to Million Insights. The increasing demand for automation in warehouses to reduce operational time and to increase order fulfilment productivity is a key factor to drive the market growth over the forecast period.

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Published On: July 17, 2020

The global road haulage market size is anticipated to generate revenue of USD 4,071.7 billion by 2025. It is also expected to register a 5.5% CAGR during the forecasted period, 2019 to 2025. The rising need for cargo transport and the emergence of e-commerce industry is projected to boost the market growth in the upcoming years.

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Published On: July 17, 2020

The global sports technology market size is anticipated to be USD 34.99 billion by 2025, as per a new report by Million Insights. The market is estimated to expand at a CAGR of 20.3% during the forecast period. Factors such as integration of stadium technologies with social media, adoption of IoT and increasing need for players statistic in real-time are attributing to the growth of the market.

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Published On: July 17, 2020

The U.S. automotive aftermarket size is projected to touch USD 86.2 billion by the year 2025, according to a new report by Million Insights. It is anticipated to grow at a CAGR of 1.8% through the forecast period of 2019-2025. The market is anticipated to grow because of rising adaption of automotive technologies like safety and exhaust technologies along with several other aspects that influence vehicular performance. 

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Published On: July 17, 2020

The global engineering services outsourcing market size is anticipated to reach USD 2.47 trillion by the end of 2027, according to a new report by Million Insights. The market is projected to register a CAGR of 29.2% over the forecast duration. Factors such as globalization of research and development activities are increasing the application of IT in different industries attributing to the growth of the market.

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Published On: July 17, 2020

The global automotive aftermarket size is projected to reach USD 513.8 billion by 2027, according to Million Insights. The major factor responsible for boosting the market growth is the easy availability of automotive components on e-portal and the introduction of new players who offer quality components compared to its original/stock counterpart at a much lower price is expected to boost the market growth.

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Published On: July 17, 2020

The global geospatial analytics market size is anticipated to be USD 134,479.7 million by 2025, as per a new report published by Million Insights. The market is projected to register 15.0% of CAGR over the next seven years. The recent innovation in drone technology and UAVs have helped in easy monitoring of remote data with minimal human interference, thereby, offered a huge opportunity for the geospatial market to expand. 

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Published On: July 17, 2020

The global barley flakes market is estimated to reach USD 8.5 billion, by 2025, and is projected to grow at a CAGR of 4.7% from 2019 to 2025, according to a new report by Million Insights. The increasing demand for the nutritional cereals in the meals & breakfast is projected to be a key factor propelling the market growth. Moreover, the growing awareness regarding the benefits of consuming product is projected to boost the product demand.

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Published On: July 17, 2020

The global household cooking appliances market size is anticipated to value USD 124.8 billion until 2025. It is also expected to register a CAGR of 6.5% over the forecasted years, 2019 to 2025. This growth can be associated with the rising preference over homemade food prevailing among the millennial population coupled with the integration of technologies like IoT in kitchen appliances for enhancing the ease of cooking.

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Published On: July 17, 2020

The global bake stable pastry fillings market is projected to be USD 1.2 billion by the end of year 2025, according to Million Insights, registering a 4.8% CAGR over the forecasted period. Growing of confectionery and baked products is the key driver to drive market growth. In addition, the rising demand for nut, fruit, and chocolate pastry filling flavors in cakes, cookies, and pastries is projected to further drive the market growth over the forecast period.

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