The global payment security market size is anticipated to reach USD 43.76 billion by 2025. It is also expected to register a 12.3% CAGR during the forecasted period, 2018 to 2025. The rising adoption of the internet and smartphones for cashless payment is driving the market growth of payment security.
The global electric hair brush market size is projected to reach USD 694.1 million by 2025, according to a new report published by Million Insights, registering a CAGR of 5.4% over the forecast duration. The growing trend of hair styling among the female population influenced by fashion campaigns by YouTube, Pinterest, and Facebook is expected to promote the demand for an electric hairbrush.
The global cosmetic & toiletry containers market is projected to reach USD 38.1 billion by 2025, as stated by a new report published by Million Insights. The market is estimated to grow with a CAGR of 5.2% from 2019 to 2025. The rising customer preference for natural alternatives and the increasing penetration of young beauty entrepreneurs are attributing to the market growth.
The global laser cutting machine market size is anticipated to reach USD 6.72 billion until 2024. This growth can be attributed to the rising usage of these technologies for automating the industrial processes. Moreover, the rising usage of YAG (Yttrium Aluminum Garnet), CO2, and fiber lasers for cutting applications is projected to drive the demand for such machines.
The global folding bicycle market size is projected to reach USD 926.9 million by 2025, according to a new report published by Million Insight, with a CAGR of 8.8% over the forecast duration. The increasing importance of cycling as a way to attain fitness among the millennials is predicted to be the key factor for these products.
The global drone data services market size is projected to value at USD 8.15 billion by 2025, according to a new report published by Million Insights, with a CAGR of 57.3% from 2017 to 2025. The growth can be imputed to the rising use of information provided by drones in big data and operational analytics. The rising demand for UAV imagery analytics is expected to positively impact the drone imagery processing software industry and provide new avenues for imagery storage technologies.
The global integration platform as a service (IPaaS) market size is projected to touch USD 2.70 billion by 2024, as per the report released by Million Insights. Increasing demand for innovative systems to enhance the process of implementation, development, and enterprise management worldwide is the key factor propelling the growth of the IPaaS market.
The Asia Pacific automotive suspension systems market size is anticipated to reach USD 44.51 billion by 2025. It is also expected to register 4.44% CAGR during the forecasted period, 2017 to 2025. This can be associated with the rising demand for automobiles prevailing among the millennial population across developing countries like India and China.
The global air conditioning systems market size is anticipated to reach USD 195.65 billion by 2025. It is also expected to register a 9.9% CAGR during the forecasted period, 2019 to 2025. The rising need for good quality of air for breathing and ventilation is driving the market demand for such systems.
The global cable management system market size is estimated to be USD 26.48 billion by the end of 2025, as per a recent study by Million Insights. The market is estimated to expand at 8.2% CAGR over the forecast duration, 2018 to 2025. Rising cable management system demand in a telecommunication system is estimated to proliferate the market growth.
The global DC motor control devices market size is estimated to reach USD 1.18 billion, by 2025, and is projected to grow at a CAGR of 6.2% over the forecast period, 2019 to 2025, according to a new report by Million Insights. DC motors are widely used across industries like automotive, transportation, industrial and consumer electronics. These motors can perform sophisticated control algorithm owing to its efficient application in electronic control.
The global chatbot market size is anticipated to reach USD 1.25 billion until 2025. It is expected to register growth with 24.3% CAGR during the forecasted period, 2017 to 2025. This growth can be attributed to the rising usage of the internet prevailing among the millennial population coupled with the need for automating customer care services for reducing overheads and enhance operational efficiency.
The global industrial and commercial LED lighting market size is projected to value at USD 165.91 billion by 2022, according to a new report published by Million Insights. Increased efficiency of these lights integrated with government regulations for prohibiting incandescent lamps is expected to boost the demand by 2022.
The global 5G system integration market size is projected to touch USD31.41 billion by the end of 2027, as per the report released by Million Insights. The market is projected to register a CAGR of 23.8% over the forecast duration. The rapid rise in investment to incorporate 5G network in various nations such as Japan, U.S., and China, has surged the demand for embedding 5G network across enterprises.
The global organic beverages market size is expected to register a revenue of USD 47.78 billion and projected to grow at CAGR of 13.0% over the forecast period, from 2019 to 2025, according to a new report by Million Insights. Increasing demand for organic beverages among millennials in developing countries is a key factor driving the market.
The global smart office market size is anticipated to reach USD 57.05 Billion by 2025. It is also expected to register 13.2% CAGR during the forecasted period, 2017 to 2025. This can be associated with the rapid developments being carried out in technologies like IoT coupled with an increasing need to develop energy-efficient devices for official usage.
The global kids travel bags market size is projected to reach USD 509.2 million by 2025, according to a new report published by Million Insights, with a CAGR of 15.5% over the forecast duration. The rising trend of educational tours for kids, outbound travel, and family trips are some of the key factors driving the market.
The global soil moisture sensor market size is projected to be worth USD 433.3 million by 2025, according to a new report by Million Insights, with a CAGR of 14.0% over the forecast period. These sensors measure the volumetric water content present in the soil. Growing use of the device among the agricultural and sports sectors for allowing the required water content range in turfs/fields is boosting the market growth.
The North America smart trash bin market size is projected to value at USD 12.3 million by 2025, according to a new report published by Million Insights, growing at a CAGR of 6.9% from 2018 to 2025.These are also called automatic trash bins. The touchless trash cans have the ability to operate with no physical contact and are sensor-based.
The global electric mobility market size is anticipated to touch USD 489,315.6 million by 2025, according to a new report by Million Insights. The market is estimated to register the CAGR of 21.6% over the forecast period, 2019 to 2025. E-mobility is gaining traction across the world owing to changing mobility norms aimed at reducing the carbon footprint.