Press releases

The global shock sensors market size is projected to reach USD 1.73 billion by 2025, according to Million Insights. The market is expected to grow with the 17.2% CAGR above the forecast period, from 2019 to 2025. The growing adoption of shock sensors in oil and gas activities and electronic devices such as ATMs, burglars alarm, safety helmets, bank vaults and laptops is projected to drive the market growth during the forecast period. 

The global power air purifying respirator market is projected to reach USD 2.8 billion by 2025 with a CAGR of 6.8%, according to a new report by Million insights. The market growth is attributed to the rising number of petrochemical, chemical, pharmaceutical, and oil & gas industries in the emerging economies such as India, Saudi Arabia, Brazil and UAE, which, in turn, is expected to drive the demand for respiratory protection equipment, in order to protect individual from various hazards gases.

The global video intercom devices market size is estimated to attain USD 41.07 billion, by the end of 2025 and is anticipated to grow at a CAGR of 12.8% from 2019 to 2025, according to a new report by Million Insights. The increasing number of commercial and residential buildings are expected to proliferate the demand for video intercom equipment in the coming few years.

The global private cloud server market size is estimated to reach USD 205.44 billion, by 2025 and is projected to grow at a CAGR of 29.6% from 2019 to 2025, according to a new report by Million Insights. The increasing investment by the companies to enhance its IT infrastructure is boosting the demand for cloud computing solutions. 

The global marketing automation market size is anticipated to be valued USD 8.42 billion by 2027, as per a new report by Million Insights. It is estimated that the market would witness 9.8% CAGR over the forecast duration. Increasing focus by enterprises to retain their existing customers along with expanding their market reach is driving the market growth.

The global industrial boilers market size is anticipated to value USD 18.3 billion until 2025. It is also expected to register a CAGR of 4.5% over the forecasted years, 2019 to 2025. Rapid industrialization coupled with development across the food and beverage industry is projected to drive the market growth for industrial boilers in the upcoming years.

The global air compressor market is projected to reach USD 40.43 billion by 2025, growing at 3.8% CAGR, according to Million Insights. Air compressors have a wide range of applications in several industries like semiconductor & electronics, manufacturing, food & beverage, energy, healthcare, and food & beverage. Growing awareness to reduce CO2 emissions and strict environmental regulations are projected to drive the market growth over the forecast period.

The global online gambling market is projected to reach USD 127.3 billion by 2027 and anticipated to exhibit with a CAGR of 11.5% from 2020 to 2027, according to Million Insights. Growing trend of betting coupled with the freemium model in gambling across the globe is a major factor to drive the market growth over the forecast period. Easy access to casino gaming platforms and high penetration of smartphone users are other factors to further drive the market growth.

The global active insulation market is projected to reach USD 401.9 million by 2027, and is projected to grow at a CAGR of 5.9% from 2020 to 2027, according to a new report by Million Insights. Growing demand for insulation material to maintain the internal temperature in a building structure is a key factor to drive the market growth over the forecast period. In addition, growing re-insulation in under-insulated houses in order to save energy are expected to drive market growth. 

The Europe heating radiators market size is projected to reach USD 3.1 billion by 2025 and projected to grow with a CAGR of 8.4% during the forecast period from 2019 to 2025, according to Million Insights. Factors such as favorable government policies, growing demand for energy-efficient products and rising repair & replacement of different components in heating radiators are expected to drive the market growth.

The global business jet market size is estimated to reach USD 29.32 billion by 2025 and is projected to grow at a CAGR of 3.8% from 2019 to 2025, according to a new report by Million Insights. Business jets deliveries are anticipated to be 919 units by the end of 2025. The growing number of high net worth individuals is expected to increase the demand for business jets in the next few years. Moreover, charter services are growing in popularity owing to rising access to private aviation.

The global BFSI security market size is anticipated to be USD 74.3 billion by 2025. The market is projected to register over 13% CAGR from 2019 to 2025, as per a new report published by Million Insights. The rise in incidents of data theft and malware attacks are fueling the growth of the market. BFSI data are highly critical and contains personal information of consumers. Therefore, increasing cyber threats has encouraged financial solution providers to incorporate safety solutions. 

The global doctor blade market size is predicted to be USD 192.9 million by 2024, growing at 2.3% CAGR, as reported by Million Insights in its new report. Increasing use of the doctor blade in rotogravure, offset printing and flexography is driving its demand. In addition, increasing use of plastic materials in the manufacturing of doctor blades and its easy availability is further supplementing the growth of the market.

The MEA 8X8 armored vehicle market size is projected to account for USD 1.09 billion by 2025, as per a new report by Million Insights. The market is estimated to witness a CAGR of over 5.5% from 2019 to 2025. Increasing expenditure by MEA countries on securing their solders and controlling riot-like situations are attributing to the growth of the market. Rising focus on strengthening military capabilities to counter any unforeseen activity is further driving the market growth.

The global asset performance management market size is anticipated to reach USD 24,401.62 million, by 2025, and is projected to grow at a CAGR of 9.15% from 2019 to 2025, according to a new report by Million Insights. The growing demand for a dedicated system in maintaining assets of the company is projected to spur market growth. Asset management solutions offer optimized performance and reduce operational costs.

The global armored vehicle market size is projected to touch USD 36.4 billion by 2025, as per a new report by Million Insights. The market is anticipated to expand at 5.4% CAGR from 2019 to 2025. The rise in insurgencies and terrorism activities across the world is driving the demand for armored vehicles. In addition, technical advancements in the field of vehicle manufacturing are further proliferating the market growth.

The global sound recognition market is projected to reach USD 4.42 billion by 2025 and projected to register 75.8 % CAGR over the forecast period, from 2019 to 2025 according to Million Insights. Sound recognition operates on low-cost microcontrollers that resulted in the energy-efficient product thereby offering an economical solution.

The global online food delivery services market is estimated to reach USD 63,551.77 million, by 2025, and is projected to grow at a CAGR of 15.4% from 2019 to 2025, according to a new report by Million Insights. The increasing consumer inclination towards buying from online platforms, mobile applications, and websites is driving the market growth.

The global welded plate and block heat exchanger market size is likely to touch USD 1.2 billion by the end of 2025. The market is predicted to witness 5.9% CAGR from 2019 to 2025, as reported by Million Insights in its new report. Increasing demand for welded plate heat exchangers in power generation, petrochemicals, HVAC and refrigeration, and food & beverages industry, particularly in emerging regions is driving the product demand.

The global IT asset disposition market size is anticipated to value USD 27.9 billion until 2025. It is also expected to register a CAGR of 10.8% over the forecasted years, 2019 to 2025. The increasing need for usage of electronic devices and products coupled with the need for disposal of old ones is driving the market growth for ITAD services.