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Press releases
Published On: September 21, 2020

The global edge computing market size is projected to reach USD 43.4 billion by 2027 and registering a CAGR of 37.4% during the forecast period from 2020 to 2027, according to a new report by Million Insights. Numerous applications with 5G technology are changing traffic patterns and opening technology growth opportunities for telecom providers. This factor has become a threat for cloud leaders and they have started to invest in edge ecosystem by partnering with telecom companies.

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Published On: September 19, 2020

The global sports composites market size is estimated to be worth USD 5.74 billion by 2027, according to a new report by Million Insights. The market is anticipated to witness a substantial growth with a CAGR of 6.46% due to the rising demand for high-performance items for producing rigid and lightweight sporting goods.

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Published On: September 19, 2020

The U.S. heating equipment market is projected to value USD 6.09 billion until 2027. It is expected to register a CAGR of 6.02% over the forecasted years, 2020 to 2027. Rising demand for efficient heating equipment due to extreme climatic conditions prevailing across different zones and continuous growth of the manufacturing industry is anticipated to drive the market growth.

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Published On: September 19, 2020

The U.S. automotive battery aftermarket size is estimated to reach USD 4.2 billion, by 2025, and is projected to grow at a CAGR of 1.4% from 2018 to 2025, according to a new report by Million Insights. The increasing demand for electric vehicle is expectedto bea key factor fostering growth of the market.

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Published On: September 18, 2020

The North America industrial insulation market size is estimated to touch USD 2.55 billion by the end of 2025 and is anticipated to register a compound annual growth rate of 4.0% from 2018 to 2025, according to a new report published by Million Insights. The rising energy costs along with growing awareness about energy conservation are driving the market growth.

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Published On: September 18, 2020

The global android set-top box market size is estimated to reach USD 695.9 million by 2025 and is projected to grow at a CAGR of 19.5% over the forecast period 2019 to 2025, according to a new report by Million Insights. Several factors such as changing consumer media experiences and increasing trends of IPTV/OTT platforms including Amazon OTT and Netflix are projected to spur the market growth in the next few years.

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Published On: September 18, 2020

The North America digital transformation in manufacturing market size is estimated to reach USD 25.70 billion by 2025 and is projected to grow at a CAGR of 17.2% from 2018 to 2025, according to a new report by Million Insights. The increase in demand for digital solutions in manufacturing due to high productivity and efficiency is expected to increase the demand for digital solutions in the next few years.

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Published On: September 17, 2020

The United States automotive collision repair market size is anticipated to account for USD 37.60 billion by the end of 2025, according to the Million Insights. It is likely to exhibit 1.5% CAGR over the forecast duration. Increasing sales of automotive in the country is a major factor driving the market growth. In addition, a rise in the use of innovative technologies such as 3D printing has led to the improvement in services by service providers. Considering the growing demand for collision repair services, industry participants are increasingly investing in research and development to come up with a new solution. 

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Published On: September 17, 2020

The global GRP pipes market size is estimated to reach USD 2.1 billion by 2025 and is projected to grow at a CAGR of 3.7% during the forecast period 2019 to 2025, according to a new report by Million Insights. Glass fiber reinforced plastic (GRP) pipes are reliable and lightweight in nature. These pipes also provide superior strength and corrosion resistance. Thus, these pipes are highly used for wastewater transportation.

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Published On: September 17, 2020

The global facial recognition market size is anticipated to account for USD 9.93 billion by 2027, as per a new report by Million Insights. It is estimated that the market would register 14.5% CAGR over the forecast duration. Facial recognition provides enhanced security; as a result, it is used in various applications including offices, law enforcement agencies and others. 

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Published On: September 17, 2020

The global video management software market is expected to attain USD 4.79 billion, by the end of 2025, and is anticipated to grow at the CAGR of 18.8% during the forecast period, 2019 to 2025, according to a new report by Million Insights. Increasing adoption of video monitoring, and video surveillance solutions for traffic management, facility protection is projected to surge the market growth. In addition, these software tools are used for managing multimedia like playback, video streaming, and storage functions.

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Published On: September 17, 2020

The global electric guitars market size is projected to reach USD 1.5 billion by 2025 and registering a 3.3% CAGR over the forecast period from 2019 to 2025, according to new report by Million Insights. The rising number of music festivals and live concerts across the globe has majorly driven market growth. Moreover, the increasing importance of music among people is anticipated to drive product demand over the forecast period.

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Published On: September 17, 2020

The global durian fruit market size is projected to touch USD 28.6 billion by 2025 and registering a 7.2% CAGR over the forecast period from 2019 to 2025, according to new report by Million Insights. The growth of this market is majorly driven by increasing demand for cross-cultural cuisine along with the expansion of the tourism industry. In addition, rising awareness related to health benefits of durian fruit among consumers is expected to spur product demand. This fruit helps to control sugar level and reduce the risk of cancer due to having an anti-oxidant, antidepressant and anti-aging properties.

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Published On: September 17, 2020

The global utility trucks market size is projected to account for USD 127.46 billion in 2030, according to a new report published by Million Insights. The market is estimated to register 7.7% CAGR from 2018 to 2030. Increasing use of dump trucks in the mining and construction sector is driving the market growth. Across the world, investment in effective waste management has increased.

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Published On: September 15, 2020

The global plant phenotyping equipment market size is anticipated to value USD 276.86 million until 2025. It is also expected to register a CAGR of 10.51% over the forecasted years, 2018 to 2025. The surging need for assessing, validating and identifying genetic markers of plants and to obtain more productivity from them is propelling the market growth for plant phenotyping equipment.

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Published On: September 15, 2020

The global industrial air filtration market size is estimated to touch USD 18.0 billion by the end of 2027 and is projected to register a CAGR of 7.3% during the forecast period 2020 to 2027, according to a new report by Million Insights. The increasing demand for energy-efficient and high-performance products is expected to boost the market growth. Additionally, technological development in new filter media is projected to bode well with the market growth. 

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Published On: September 15, 2020

The U.S. e-cigarette and vape market size is projected to be USD 18.5 billion by 2025. The market is likely to register over 24% CAGR during the forecast years, as per a new study by Million Insights. E-cigarette and vape are known to protect against direct exposure to smoke and offer an alternative to conventional cigarettes.

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Published On: September 15, 2020

The global anti-money laundering market size is projected to reach USD 1.99 billion by 2025 and registering CAGR of 13.6% over the forecast period 2019 to 2025, according to a new report by Million Insights. The prevention and detection of money laundering have strengthened by incorporating law enforcement activities; thereby, corrupt individuals and criminals are taking extensive care to hide the sources of their illegal wealth.

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Published On: September 15, 2020

The global toys and games market size is projected to touch USD 139.2 billion by 2025 growing at 4.6% CAGR, as per a new report by Million Insights. The increasing number of online gaming competitions all over the world is a major factor propelling the growth of the market in the forecast period. Over the last few years, rising demand for in-licensing activities is proliferating the market growth.

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Published On: September 15, 2020

The global sputtering equipment cathode market size is estimated to attain USD 1.23 billion by 2025 and is projected to grow at a CAGR of 4.9% from 2018 to 2025, according to a new report by Million Insights. Growing need for silicon wafer coupled with rising demand for electronic devices is anticipated to bolster market growth.

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