Press releases

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.

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. 

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.

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.

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.

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.

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.

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. 

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.

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.

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.

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.

The global white box server market is anticipated to value USD 25.53 billion until 2025. It is also expected to register a CAGR of 22.0% over the forecasted years, 2018 to 2025. Rising adoption of several open-source platforms like Project Scorpio and Open Compute Project coupled with the rising demand containerization and micro-servers is estimated to trigger the market growth.

The global electric scooter market size is likely to account for USD 42.0 billion by 2030, as per a new report by Million Insights. The market is predicted to register 7.7% CAGR from 2020 to 2030. Growing focus on achieving zero-emission, favorable government initiatives and increasing investment to propel the sustainable mobility solution are driving the market growth. Owing to advancement in technology, e-scooters with improved efficiency and longer battery life have been introduced.

The global cloud service brokerage (CSB) market is projected to account for USD 17.2 billion by the end of the forecasted year and expected to grow with 17.3% CAGR over the forecast period, from 2019 to 2025, according to Million Insights. CSB is a business model that manages IT resources across all cloud models from several vendors to reduce complexity and infrastructure costs. In addition, it helps to reduce complexity by controlling, orchestrating, and integrating multi-cloud locations on a centralized platform. 

The global robotic process automation (RPA) market size is anticipated to reach USD 25.56 billion by 2027, with a CAGR of 40.6%, according to a new report by Million insights. The rapid growth and deployment of Artificial Intelligence (AI) are encouraging organizations to integrate their business models with new technologies.

The global plant biotechnology equipment market size is anticipated to value USD 18.35 billion until 2025. It is also expected to register a CAGR of 12.8% over the forecasted years, 2018 to 2025. The surging demand for various transgenic crops to attain enhanced productivity, yield and output is projected to trigger market growth.

The global golf ball market size is estimated to reach USD 1.38 billion by the end of 2025 and is projected to grow at a CAGR of 2.7% during the forecast period 2018 to 2025, according to a new report by Million Insights. Technological advancement along with golf tourism development is projected to surge market growth.

The Europe industrial air filtration market size is likely to account for USD 4.61 billion by 2027, as per a new report published by Million Insights. The market is predicted to register 6.5% CAGR over the next seven years. Factors such as government regulations, technological advancements and workers safety are attributing to the growth of the market.

The global on-highway vehicle lighting market size is projected to reach USD 42.03 billion by the end of year 2025 and registering a CAGR of 5.4% over the forecast period from 2018 to 2025, according to a new report by Million Insights. Governments' initiative for improving road safety and strict regulations for energy-efficient lighting sources across the globe are major factors expected to drive market growth over the forecast period.