Press releases

The global artificial intelligence (AI) in construction market is estimated to attain USD 3.3 billion, by the end of 2025, and is anticipated to grow at the CAGR of 34.0% over the forecast period, 2019 to 2025, according to a new report by Million Insights. Growing need for efficient deployment and risk management solutions is boosting demand for AI-enabled solutions. In addition, AI solutions are useful in predictive maintenance analytics.

The North America MUV rental market size is projected to generate USD 7.76 billion by 2025. It is also expected to register a 4.0% CAGR over the forecasted years, 2019 to 2025. The rising adoption of the rental car services prevailing among the working population and shifting demographic preferences are projected to drive the market growth in the upcoming years.

The global mining automation market size is anticipated to reach USD 6.2 billion by 2025. It is also expected to register a 7.3% CAGR during the forecasted period, 2018 to 2025. The need for worker safety at mining sites coupled with the emergence of technologically advanced mining equipments is anticipated to drive the market growth.

The global light gauge steel framing marketsizeis estimated to be worth USD 43.65 billion by 2025, according to a new report by Million Insights, accounting for a CAGR of 4.7% from 2017 to 2025. The growth can be attributed to the deployment of innovative instruments with properties that provide safety and strength as structural support.

The demand for the global EV range extender market is estimated to be worth 494,083 units by 2025, according to a new report by Million Insights, growing at a CAGR of 10.2% from 2018 to 2025. An EV range extender is a system that enables a higher vehicle range to allow long-distance journeys. High growth in the use of commercial and fully electric passenger vehicles to lower CO2 emissions along with superior performance abilities and expandable range is anticipated to stimulate industry growth.

The global air mattress market size is projected to reach USD 227.2 million by 2025, according to a new report published by Million Insights, with a CAGR of 8.6% from 2019 to 2025. The increasing need for comfortable sleeping to refrain from diseases like pressure wound and back pain is expected to surge the demand for these products. 

The global active electronic components market is projected to attain USD 495.2 billion, by 2025, and is estimated to grow at the CAGR of 9.6% over the forecast period, 2019 to 2025, according to a new report by Million Insights. Increasing demand for electronic components especially in the production of smart home equipment including washing machines, air conditioners, and refrigerators is expected to boost market growth.

The global automotive collision repair market size is anticipated to be USD 208.0 billion by 2025, as per a latest report by Million Insights. The market is anticipated to grow at a CAGR of 2.3% from 2019 to 2025. Technological advancements coupled with development in automotive repair are driving the market growth.

The global data classification market size is projected to value at USD 2.44 billion by 2025, according to a new report published by Million Insights, growing with a CAGR of 25.7% from 2019 to 2025.The rising number of stringent regulations, generation of high volume of data, and the launch of machine learning and big data technology are a few of the key features driving the market growth. 

The global smart home automation market size is anticipated to be USD 130.0 billion by the end of 2025, as per a latest report by Million Insights. The increasing need for real-time and remote control of smart homes is attributing to the growth of the market. Additionally, rising geriatrics population coupled with rapid urbanization has resulted in increasing adoption of smart home solutions to cater to the challenges.

The global payment security market size is anticipated to reach USD 43.76 billion by 2025. It is also expected to register a 12.3% CAGR during the forecasted period, 2018 to 2025. The rising adoption of the internet and smartphones for cashless payment is driving the market growth of payment security. 

The global electric hair brush market size is projected to reach USD 694.1 million by 2025, according to a new report published by Million Insights, registering a CAGR of 5.4% over the forecast duration. The growing trend of hair styling among the female population influenced by fashion campaigns by YouTube, Pinterest, and Facebook is expected to promote the demand for an electric hairbrush. 

The global cosmetic & toiletry containers market is projected to reach USD 38.1 billion by 2025, as stated by a new report published by Million Insights. The market is estimated to grow with a CAGR of 5.2% from 2019 to 2025. The rising customer preference for natural alternatives and the increasing penetration of young beauty entrepreneurs are attributing to the market growth.

The global laser cutting machine market size is anticipated to reach USD 6.72 billion until 2024. This growth can be attributed to the rising usage of these technologies for automating the industrial processes. Moreover, the rising usage of YAG (Yttrium Aluminum Garnet), CO2, and fiber lasers for cutting applications is projected to drive the demand for such machines.

The global folding bicycle market size is projected to reach USD 926.9 million by 2025, according to a new report published by Million Insight, with a CAGR of 8.8% over the forecast duration. The increasing importance of cycling as a way to attain fitness among the millennials is predicted to be the key factor for these products.

The global drone data services market size is projected to value at USD 8.15 billion by 2025, according to a new report published by Million Insights, with a CAGR of 57.3% from 2017 to 2025. The growth can be imputed to the rising use of information provided by drones in big data and operational analytics. The rising demand for UAV imagery analytics is expected to positively impact the drone imagery processing software industry and provide new avenues for imagery storage technologies.

The global integration platform as a service (IPaaS) market size is projected to touch USD 2.70 billion by 2024, as per the report released by Million Insights. Increasing demand for innovative systems to enhance the process of implementation, development, and enterprise management worldwide is the key factor propelling the growth of the IPaaS market.

The Asia Pacific automotive suspension systems market size is anticipated to reach USD 44.51 billion by 2025. It is also expected to register 4.44% CAGR during the forecasted period, 2017 to 2025. This can be associated with the rising demand for automobiles prevailing among the millennial population across developing countries like India and China.

The global air conditioning systems market size is anticipated to reach USD 195.65 billion by 2025. It is also expected to register a 9.9% CAGR during the forecasted period, 2019 to 2025. The rising need for good quality of air for breathing and ventilation is driving the market demand for such systems.

The global cable management system market size is estimated to be USD 26.48 billion by the end of 2025, as per a recent study by Million Insights. The market is estimated to expand at 8.2% CAGR over the forecast duration, 2018 to 2025. Rising cable management system demand in a telecommunication system is estimated to proliferate the market growth.