Press releases

The global webcams market is anticipated to value USD 11.60 billion until 2027. It is also expected to register a CAGR of 8.2% over the forecasted years, 2020 to 2027. Rising safety and security concerns coupled with the need for virtual meetings are projected to boost the demand for webcams in the across the globe.

The global smart cities market size was valued at USD 1,090.64 billion in 2021 and is projected to be valued at USD 6,965.02 billion by 2030, showcasing a CAGR of 24.2% from 2022 to 2030. Rapidly growing urbanization, the need for effective infrastructure management, and asset management are some of the many factors encouraging governments to make notable investments toward the development of smart cities.

The global metal fabrication equipment market size is anticipated to value USD 92.84 billion until 2025. It is also expected to register a CAGR of 3.90% over the forecasted years, 2018 to 2025. Rapid industrialization and rising demand for advanced infrastructure and products are projected to drive the market growth for fabrication equipment.

The global insurance fraud detection market size is estimated to account for USD 9.7 billion by 2025. The market is projected to grow at 13.7% CAGR as per Million Insights. Over the past few years, insurance fraud has emerged as a huge challenge for insurers. The rise in the number of fraudulent claims has resulted in a growing focus on the deployment of advance and effective detection solution.

The global C-RAN market size is estimated to account for USD 43.35 billion by 2027, as per a new report published by Million Insights. It is estimated that the market would exhibit 22.7% CAGR from 2020 to 2027. Rapidly increasing wireless and optical communication systems are driving market growth.

The global buildtech textiles market size is estimated to account for USD 19.04 billion by 2025, as per Million Insights. The market is likely to expand at 5.8% CAGR over the forecast duration. Increasing awareness about the use of sustainable heat insulation and sound-absorbing materials in construction is attributing to the growth of the market.

The global wireless mesh network market size is projected to reach USD 11.14 billion by 2025 with a CAGR of 9.1%, according to a new report published by Million Insights. The growing demand for high bandwidth, high-speed internet data and an increasing number of smart connected devices across various industries are expected to fuel the market growth in the forthcoming years. 

The global streaming analytics market size is anticipated to be USD 35,986.4 million in 2025, as per Million Insights. It is estimated that the market would witness 28.9% CAGR over the forecast duration. The demand for streaming analytics services has increased considerably in the past few years in both large and small scale companies. The demand is supplemented by the ability of streaming analytics services to provide deeper analytics on how consumers perceive the content.

The global nootropics market size is projected to touch USD 4.94 billion by 2025, according to a new report by Million Insights. It is anticipated to grow at a CAGR of 12.5% through the forecast period of 2019 to 2025. Increasing expenditure on healthcare and wellness is expected to proliferate the demand. Additionally, increasing awareness regarding mental illness amongst millennials in emerging economies like India and China is anticipated to propel the product demand.

The global digital twin market size is anticipated to value USD 26.07 billion by 2025. It is also projected to witness a CAGR of 38.2% over the forecasted years, 2018 to 2025. The shifting trend towards the adoption of digital and VR technologies prevailing among several organizations is expected to drive the market growth for digital twins in the upcoming years.

The nonwoven geotextiles market size in Asia Pacific, Europe, and Middle East & Africa is estimated to reach USD 6.91 billion by the end of 2025 and is projected to grow at a CAGR of 6.7% over the forecast period 2018 to 2025, according to a new report by Million Insights. Supportive government regulations for the development and utility of geotextiles are projected to increase the demand for the product.

The global HR professional services market is anticipated to value USD 7.47 billion until 2025. It is also expected to register a CAGR of 12.4% over the forecasted years, 2018 to 2025. The surging need to manage organizational workflow and team management is projected to trigger the demand for such services.

The global multi-layer ceramic capacitor market size is estimated to touch USD 12.32 billion in 2025, as per a new study by Million Insights. The market is projected to witness 5.1% CAGR over the forecast duration. Features such as enhanced frequency and high resistance are anticipated to drive the market growth.

The global predictive maintenance market size is projected to reach USD 28.24 billion in 2025. The market is estimated register more than 37% CAGR from 2019 to 2025, as per a new study by Million Insights. Organizations across the globe are emphasizing on reducing operational expenditure and maintenance cost on their equipment.

The global heat pump market size is anticipated to attain USD 103.8 billion by the end of 2025 and is projected to grow at the CAGR of 8.5% during the forecast period 2019 to 2025, according to the new report by Million Insights.The increasing need for energy-efficient heating solutions in the commercial and residential sector is driving the market growth.

The global server market is projected to reach USD 83.06 billion by 2025 and expected to register 5.4% CAGR over the forecast period, from 2019 to 2025 according to a new report by Million Insights. The demand for servers is expected to grow in the next few years due to the increasing need for IT infrastructure coupled with advancements in digital technologies. The enterprises are extensively adopting data analytics to understand consumers’ needs and demand which are expected to increase the adoption of IT networking equipment.

The global barge transportation market size is anticipated to value USD 140.62 billion until 2025. It is also expected to register a CAGR of 3.4% over the forecasted years, 2018 to 2025. The increasing need for transportation of crude oil, petrochemicals and cargo are expected to drive the market growth.

The U.S. HVAC systems market size is expected to reach USD 26.93 billion by 2030, at a CAGR of 5.6% from 2022 to 2030.  The main factor supporting the market demand continues to be the shifting climatic conditions across the United States. Additionally, since the United States has a vast geographic diversity, the weather changes dramatically from one state, city, or coast to another during the year. 

The global autonomous ships market size is likely to touch USD 13.4 billion by 2025, as per Million Insights. It is predicted that the market would exhibit 13.5% CAGR from 2019 to 2025. Autonomous ships are equipped with sensors, propulsion system and navigation control devices among others. Further, they make use of IoT and AI to facilitate autonomous operations. Increasing use of autonomous ships is projected to reduce the total operational cost.

The global skid steer loaders market is anticipated to value USD 2.6 billion until 2025. It is also expected to register a CAGR of 2.4% over the forecasted years, 2019 to 2025. The surging need to carry out infrastructure and construction activities is expected to trigger the market growth for skid steer loaders.