Press releases

The global warehouse order picking market size is projected to reach USD 11.16 billion by 2025 and expected to grow with CAGR of 10.2% over the forecast period, from 2019 to 2025, according to Million Insights. The increasing demand for automation in warehouses to reduce operational time and to increase order fulfilment productivity is a key factor to drive the market growth over the forecast period.

The global road haulage market size is anticipated to generate revenue of USD 4,071.7 billion by 2025. It is also expected to register a 5.5% CAGR during the forecasted period, 2019 to 2025. The rising need for cargo transport and the emergence of e-commerce industry is projected to boost the market growth in the upcoming years.

The global sports technology market size is anticipated to be USD 34.99 billion by 2025, as per a new report by Million Insights. The market is estimated to expand at a CAGR of 20.3% during the forecast period. Factors such as integration of stadium technologies with social media, adoption of IoT and increasing need for players statistic in real-time are attributing to the growth of the market.

The U.S. automotive aftermarket size is projected to touch USD 86.2 billion by the year 2025, according to a new report by Million Insights. It is anticipated to grow at a CAGR of 1.8% through the forecast period of 2019-2025. The market is anticipated to grow because of rising adaption of automotive technologies like safety and exhaust technologies along with several other aspects that influence vehicular performance. 

The global engineering services outsourcing market size is anticipated to reach USD 2.47 trillion by the end of 2027, according to a new report by Million Insights. The market is projected to register a CAGR of 29.2% over the forecast duration. Factors such as globalization of research and development activities are increasing the application of IT in different industries attributing to the growth of the market.

The global automotive aftermarket size is projected to reach USD 513.8 billion by 2027, according to Million Insights. The major factor responsible for boosting the market growth is the easy availability of automotive components on e-portal and the introduction of new players who offer quality components compared to its original/stock counterpart at a much lower price is expected to boost the market growth.

The global geospatial analytics market size is anticipated to be USD 134,479.7 million by 2025, as per a new report published by Million Insights. The market is projected to register 15.0% of CAGR over the next seven years. The recent innovation in drone technology and UAVs have helped in easy monitoring of remote data with minimal human interference, thereby, offered a huge opportunity for the geospatial market to expand. 

The global barley flakes market is estimated to reach USD 8.5 billion, by 2025, and is projected to grow at a CAGR of 4.7% from 2019 to 2025, according to a new report by Million Insights. The increasing demand for the nutritional cereals in the meals & breakfast is projected to be a key factor propelling the market growth. Moreover, the growing awareness regarding the benefits of consuming product is projected to boost the product demand.

The global household cooking appliances market size is anticipated to value USD 124.8 billion until 2025. It is also expected to register a CAGR of 6.5% over the forecasted years, 2019 to 2025. This growth can be associated with the rising preference over homemade food prevailing among the millennial population coupled with the integration of technologies like IoT in kitchen appliances for enhancing the ease of cooking.

The global bake stable pastry fillings market is projected to be USD 1.2 billion by the end of year 2025, according to Million Insights, registering a 4.8% CAGR over the forecasted period. Growing of confectionery and baked products is the key driver to drive market growth. In addition, the rising demand for nut, fruit, and chocolate pastry filling flavors in cakes, cookies, and pastries is projected to further drive the market growth over the forecast period.

The global packaged nuts & seeds market is estimated to reach USD 83.4 billion, by 2025, and is projected to grow at the CAGR of 5.3% from 2019 to 2025, according to a new report by Million Insights. The changing consumer preference towards nutritional foods is expected to boost the product demand. 

The global HVAC systems market size is estimated to touch USD 208.6 billion by the end of 2027, as per a new report by Million Insights. The market is anticipated to touch register 6.1% of CAGR from 2020 to 2027. The rise in the commercial sector and urbanization are attributing to the growth of the market.

The global contact center software market size was valued at USD 23.94 billion in the year 2021 and is slated to value at USD 149.58 by 2030, exhibiting a CAGR of 23.2% from 2022 to 2030. Emerging technologies like cloud, AI, machine learning, and predictive analysis are likely to boost contact center capabilities.

The global flow meters market size is anticipated to value USD 12.3 billion until 2027. It is also expected to register a CAGR of 5.8% over the forecasted years, 2020 to 2027. The adoption of the flow meters to measure and control the flow of fluids like water, chemicals, and oil & gas is projected to drive the market growth in the upcoming years.

The global grape seed extract market size is projected to reach USD 201.2 million by 2025, according to a new report published by Million Insights, with a CAGR of 7.6% from 2019 to 2025. The key features for the growth of this market include rising awareness among consumers for a medicine-free lifestyle coupled with the consumption of healthy food and focusing on physical appearance.

The Europe civil engineering market size is estimated to be USD 2,412.9 billion by 2025, according to a new report by Million Insights. The market is likely to register a CAGR of 2.7% over the forecast duration. Rising investment in research and development activities in order to construct energy-efficient construction using technologies like prefabricated modules is expected to propel the market growth.

The global anti-pollution mask market size is projected to reach USD 22.3 billion by 2027, according to a new report published by Million Insights, with a CAGR of 30.1% from 2020 to 2027. The rising awareness relating to the alarming pollution level and its effects on health has led to the demand for this product. The rising industrialization and urbanization in countries like China and India have significantly contributed to the degraded air-quality globally.

The global automated test equipment market size is anticipated to reach USD 8.68 billion by 2027. It is also expected to register a 3.4% CAGR during the forecasted period, 2020 to 2027. The rising demand for consumer electronics and connected devices coupled with the need for quality improvement prevailing among several industries is projected to drive the market growth across the globe.

The global air sports equipment market size is expected to reach USD 23.4 billion by 2025, according to Million Insights, registering a 6.7% CAGR over the forecasted period, from 2019 to 2025.Rising number of air sports participants including college grads, working professionals and old age group to experience thrill and joy is expected to drive the growth of this market. In addition, government supportive policies in developed countries such as U.K. and U.S. for promoting outdoor recreational activities is expected to spur the demand for air sports equipment.

The global 5G services market size is projected to value at USD 2,208.2 billion by 2030, registering a CAGR of 56.7% from 2022 to 2030. The market is expected to be driven by the increasing need for ultra-reliable and low-latency data networks, which in turn provide improved mobile connection.