Press releases

The global honey Market size is estimated to reach USD 14.4 billion, by 2025, and is projected to grow at a CAGR of 8.0% from 2019 to 2025, according to a new report by Million Insights. The increasing awareness among consumers regarding health benefits linked with the consumption of honey products is expected to boost the market growth. Moreover, the product is also used as alternative to artificial sweeteners.

The global makeup base market size is projected to touch USD 18.0 billion by 2025, according to a new report by Million Insights. It is anticipated to grow at a CAGR of 5.8% through the forecast period of 2019 to 2025. Increasing awareness among consumers regarding their physical appearance along with increasing buying power in emerging economies like India, Brazil and China is propelling the demand for makeup base all across the globe.

The U.S. digital signage market is projected to reach USD 7.8 billion by 2027 and anticipated to grow with 6.4% CAGR over the forecast period, 2020 to 2027, according to Million Insights. The demand for technologically advanced digital signage in U.S. is increasing among corporates, enterprises, and advertisers to distribute and promote content.

The global data annotation tools market is projected to reach USD 5.3 billion, expanding at a CAGR of 26.6% by 2030. The market is predominantly driven by the advent of Artificial Intelligence (AI) and machine learning technologies.

The global automotive axle market size is projected to be USD 64.79 billion by 2027, as per a new report by Million Insights. The market is estimated to expand at a CAGR of 1.1% over the forecast duration. Rising demand for hybrid and luxury vehicles along with long-sized trailers are attributing to the growth of the market

The global printed textile market is anticipated to value USD 266.38 billion until 2025. It is also expected to register a CAGR of 8.9% over the forecasted years, 2019 to 2025. The rapid technological advances being carried out in textile printing coupled with the shifting trend to wear fashionable clothes are projected to drive the market demand for printed textiles.

The global 5G chipset market size is projected to reach USD 40.4 billion by 2027, according to a new report by Million Insights. Rapidly growing demand for low latency and ultra-reliable data networks to offer seamless connectivity is expected to augment the market growth in the next few years. 5G chipset is becoming an important component in telecommunication equipment.

The North America human capital management (HCM) market size is anticipated to reach USD 10.2 billion until 2025. It is projected to register growth with 10.5% CAGR from 2019 to 2025. This growth can be associated with the rapid technological advances like IT (Information & Technology) and AI (Artificial Intelligence) coupled with the surging need for human capital management solutions.

The China testing, inspection and certification (TIC) market size is projected to reach USD 61.8 billion by 2027, according to Million Insights. Due to the changing lifestyle of Chinese people and the growing awareness regarding quality and safety of products including electronic appliances, cosmetics, food products, and personal care products among consumers are major factors expected to drive the market growth.

The global organic bedding market size is projected to touch USD 1.1 billion by 2025, according to a new report by Million Insights. It is anticipated to grow at a CAGR of 5.1% through the forecast period of 2019 to 2025. The market is witnessing considerable growth due to the rising demand for premium bedding products impacted by the trend of luxurious lifestyle and rising living standards of consumers.

The U.S. healthcare ERP market size is estimated to be USD 2.1 billion by 2025, growing at a CAGR of 5.6% over the forecast period, 2019 to 2025, as per a new report by Million Insights. Owing to the growing digitalization in healthcare across the U.S., a huge volume of data is generated.

The global business intelligence (BI) software market size is anticipated to value USD 48.5 billion until 2025. It is also expected to register a CAGR of 10.1% over the forecasted years, 2019 to 2025. The rising need for analyzing data and making strategic decisions is expected to drive the demand for the market in the upcoming years.

The global hydration backpack market is estimated to reach USD 701.9 million, by end of 2025, and is projected to grow at a CAGR of 12.4% from 2019 to 2025, according to a new report by Million Insights. The growing participation of consumers especially from countries such as Brazil, India, and China in activities such as cycling, running, and hiking is anticipated to boost the market growth.

The global automotive electric fuel pumps market size is anticipated to value USD 18.44 billion until 2025. It is also expected to register a CAGR of 5.0% over the forecasted years, 2019 to 2025. The benefits over usage of these fuel pumps like improved fuel efficiency and an increase in the operational efficiency of vehicle engines are anticipated to fuel up their demand in the upcoming years.

The global RegTech market size is anticipated to value USD 55.28 billion until 2025. It is also expected to register a CAGR of 52.8% over the forecasted years, 2019 to 2025. The increasing number of financial frauds coupled with the need for compliance and risk management solutions across financial institutions is projected to drive the growth of the regulatory technology market across the globe.

The global advanced analytics market size is projected to touch USD 59.1 billion by 2027, as per a new report by Million Insights. The market is anticipated to register a CAGR of 25.3% over the forecast period. The growing use of advanced analytics in various industries such as BFSI, government, manufacturing and others is proliferating the demand for the market.

The U.S. voice recognition market size is projected to touch 733.3 million units by 2025 as per a new report published by Million Insights. The market is estimated to expand over 16% of CAGR from 2019 to 2025. The increasing demand for self-service features in BFSI sector is triggering the demand for voice-based applications, which, in turn, driving voice recognition market growth.

The global beard oil market size is estimated to reach USD 1.4 billion, by 2025, and is projected to grow at the CAGR of 6.1% from 2019 to 2025, according to a new report by Million Insights. Major beauty & cosmetics companies are focusing on investing in R&D activities and new product development to meet the changing consumer needs which is anticipated to surge the demand for the product.

The global MEMS microphones market size is estimated to be worth USD 2,991.0 million by 2025, according to a new report by Million Insights. The industry is expected to witness substantial growth due to raising the extensive use of microphones in several end-use applications, especially consumer electronics.

The global non-alcoholic drink market size is estimated to reach USD 1.6 trillion, by 2025, and is projected to grow at a CAGR of 5.3% from 2019 to 2025, according to a new report by Million Insights. The increase in demand for non-alcoholic drinks has contributed to harmful effects of alcoholic drinks.