Press releases

The global insurtech market size is anticipated to value USD 16.8 billion until 2025. It is also expected to register a CAGR of 43.0% over the forecasted years, 2019 to 2025. The rising usage of advanced technologies like AI (Artificial Intelligence ) and ML (Machine Learning) across many insurance companies for targeting customers and maintaining their records is projected to drive market growth.

The global inkjet coders market is projected to reach USD 2.1 billion by 2025, and is anticipated to grow at CAGR of 5.1% during the forecast period, according to Million Insights. The rising adoption of inkjet coders in the medical sector is projected to drive market growth during the forecast period.

The global construction equipment market is anticipated to attain USD 173.0 billion, by the end of 2027, and is anticipated to grow at compound annual growth rate of 4.3% during the forecast period, 2020 to 2027, according to the new report by Million Insights. Growing construction activities, technological automation, and development with importance on safety measures is projected to spur market growth.

The global anime market size is anticipated to touch USD 36.26 billion by the end of 2025. The market is estimated to grow at 8.8% CAGR from 2019 to 2025, as per a new report by Million Insights. Increasing sales and popularity of Japanimation across the world is fueling market growth.

The U.S. transcription market size is estimated to reach USD 32.7 billion by the end of 2027, according to a new report by Million Insights. The market is likely to grow at over 6% of CAGR over the forecast duration. Factors such as increased accessibility, enhanced content value and improved turnaround time are attributing to the growth of the market. Transcription services help increase the productivity of employees by ensuring better accuracy.

The global LED driver market size is projected to reach USD 11.31 billion by 2025 and projected to grow with a CAGR of 16.3% from 2019 to 2025, according to Million Insights. In the last decade, LED technology emerged as an energy-efficient substitute to conventional light sources which is driving their demand extensively in display and lighting segments across various industries.

The global in-car infotainment market size is estimated to be USD 37,628.2 million by the end of 2025, as per a new report released by Million Insights. The market is predicted to expand at over 12.0% CAGR over the forecast duration. Growing adoption of smartphones is a major factor attributing to the growth of the market.

The global heating radiator market is estimated to reach USD 9.1 billion, by 2025, and is projected to grow at a CAGR of 8.8% from 2019 to 2025, according to a new report by Million Insights. The increasing demand for energy-efficient heating equipment especially in industrial and residential applications is projected to spur the market growth in the next few years.

The global distributed acoustic sensing market is anticipated to value USD 775.8 million until 2025. It is also expected to register a CAGR of 11.5% over the forecasted years, 2019 to 2025. The increasing need for inspection and monitoring of fluid flow across the petroleum industry coupled with the rapid technological advances in sensing technology is projected to drive the market growth across the globe.

The global construction equipment rental market size is estimated to touch USD 136.5 billion by the end of 2027. The market is anticipated to expand at 4.9% CAGR from 2020 to 2027, as per the latest report by Million Insights. Factors such as increasing construction activities, especially in emerging countries are attributing to the growth of the market. In addition, increasing trend towards rental construction owing to its cost-benefits is estimated to supplement the market growth. 

The global wood plastic composite market size is estimated to touch USD 12.5 billion by the end of 2027, as per a new report released by Million Insights. It is predicted that the market would grow at a CAGR of 11.4% over the forecast period. The demand for wood plastic furniture for sheet pilings and street construction is increasing.

The global warehouse robotics market size is estimated to touch USD 6.46 billion by 2025, as per a new report by Million Insights. The market is predicted to witness 11% CAGR from 2019 to 2025. The rapid rise in e-commerce platforms coupled with growing demand from consumers about fast and efficient packaging solution is estimated to proliferate the market growth. 

The global customer relationship management (CRM) market is projected to reach USD 114.4 billion by 2027 and expected to grow with a CAGR of 14.2% over the forecast period, from 2020 to 2027, according to Million Insights. Increasing demand for new technologies to analyse capabilities, information to collect the data, and converting it into better consumer experience is expected to drive the market growth across various industries.

The global automotive wheelsaftermarket is projected to value USD 7.19 billion until 2025. It is expected to register a CAGR of 3.0% over the forecasted years, 2019 to 2025. The rising usage of vehicles leading to wear and tear of wheels coupled with trend over replacing conventional ones with alloy wheels for aesthetic improvement are projected to drive the market growth.

The U.S. SMS marketing market size is projected to value USD 12.6 billion until 2025. It is expected to register a CAGR of 20.3% over the forecasted years, 2019 to 2025. The increasing adoption of mobile phones coupled with the need for implementing marketing strategies through virtual mode is anticipated to drive the market growth in the upcoming years.

The global Testing, Inspection and Certification (TIC) market size is projected to reach USD 404.7 billion by 2025 and expected to grow with a CAGR of 5.2% over the forecast period, from 2019 to 2025, according to Million Insights. TIC services have been adopted rapidly across several industries due to strict government norms for testing, inspection, and certification. 

The global perimeter security market size is expected to reach USD 29.6 billion by 2025 with a CAGR of 7.7%, according to a new report published by Million Insights. Growing security concerns among peoples and organizations and an increasing number of illegal activities, such as theft, unauthorized access, human intrusion, infrastructure alterations and smuggling, have led to an increase in the adoption of perimeter security systems.

The global dump truck market size is estimated to attain USD 72.4 billion, by 2025, and is projected to grow at the CAGR of 8.6% over the forecast period, 2019 to 2025, according to a new report by Million Insights. Rising activity in mining and construction sectors along with growing government investment on infrastructure is boosting the demand for dump trucks.

The global automotive engineering services outsourcing market size is projected to touch USD 469.6 billion by the end of 2027, as per a new report released by Million Insights. The market is predicted to register a CAGR of over 27% over the forecast duration. Increasing collaboration between ESPs and OEMs for leveraging innovative technologies to ensure enhancement, safety and autonomous driving are driving the market growth.

The global restaurant POS terminal market size is projected to reach USD 25.1 billion by 2027 and expected to grow with a CAGR of 6.8% over the forecast period, from 2020 to 2027, according to Million Insights. Rising demand for outside food, especially on weekends by people has incurred the need for optimizing operations right from inventory management to customer feedback. Therefore, adaptation POS has enhanced the management of customer relationship, staff scheduling, and table orders.