GreatMarketInsights

Smart Home Automation Market is forecast to reach $170.2 billion by 2025, at a CAGR of 11.9% during 2020-2025 due to its rapid adoption across residential applications and increasing demand for features such as the convenience of remote operation and exceptional experience offered by smart home automation is likely boost the market growth over the forecast period. In addition the advancement of Internet accessibility and the growing penetration of Internet of Things (IoT) which helps in the move to direct digital controls for better machine to machine (M2M) communication have encouraged users to adopt the smart home automation technology which accelerate the market growth in the forecast period. Report Coverage The report: “Smart Home Automation Market report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Smart Home automation Market. Key Takeaways The smart kitchen segment is expected to witness highest CAGR owing to the high dem...

According to the Pacific Institute, an American think-tank, producing bottles for American consumption, alone, requires energy equivalent to 17 million barrels of oil; and the figure doesn’t include the energy consumed during transportation of the same. Moreover, the institute assessed that producing one unit of bottled water requires three liters of water.[1] The data was documented in 2006, and the consumption of water from plastic bottles has only increased since then, not only in the U.S., but all over the globe. While the world is threatened by the depletion of energy sources, it has become imperative to save energy that is consumed through manufacturing of plastic for various purposes. This is significantly driving the recycled plastics market that achieved a valuation of $39,623m in 2018. The demand for recycled plastics is poised to observe an increment of 6.5% CAGR during the forecast period 2019 to 2025. Plastic disposal is one of the greatest environmental challenges faced...

Pregabalin Market size is forecast to reach $890 Million by 2025, growing at a CAGR of 3.67% during the forecast period 2020-2025. Pregabalin, marketed under the brand name Lyrica among others, is a medication used to treat epilepsy, neuropathic pain, fibromyalgia, restless leg syndrome, and generalized anxiety disorder. Its use in epilepsy is as an add-on therapy for partial seizures. When used before surgery, it reduces pain but results in greater sedation and visual disturbances. Pregabalin dosage is usually oral. Rising prevalence of diabetes, HIV, cancer, epilepsy, fibromyalgia, and other such disorders among the geriatric population suffering from neuropathic diabetes and major technological advancements in the manufacturing process of pregabalin has resulted in a surge in demand of Pregabalin across the globe. Major healthcare investments by big firms and various product launches by key glove manufacturers like Cipla Limited are some other factors driving the growth of the mark...

Photo Editing Software Market size is forecast to reach $372.5 million by 2025, after growing at a CAGR of 3.7% during 2020-2025. The advent of smartphones, social media facial recognition, artificial intelligence, and even virtual reality has impacted photo editing software industry. Now-a-days, photographers has enhanced the use of photo editing software for providing image orientation that helps in transforming the image. Furthermore, the increasing innovation in camera technologies, growing need for high-definition quality images and the demand for digital photographs are uplifting the photo editing software market. In addition, the need for special effects including color, tints, digital photographs, image orientation and layered editing so on are anticipating the growth of photo editing software market during the forecast period. Report Coverage The report: “Photo Editing Software Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segmen...

Global Penetration Testing Market size is forecast to reach $2.87 billion by 2025, growing at a CAGR of 15.87% during 2020-2025. The growing penetration of software across diversified industries are expected to accelerate the penetration testing market. Industry control and factory automation market is expected to reach $286 billion by 2025 at a CAGR of 8.87% during 2020-2025. This rapid pace of growth in automation across industries is likely to create opportunity for penetration testing market. Similarly, in recent time the rising popularity of IoTs and rising number of data centers are making the cyberspace more vulnerable to hacking. In addition to this, the growing number of cloud based services are increasing the database security and application security concern for businesses. Hence, in recent days, the penetration testing market has become inevitable for achieving security in web, mobile, and cyber space. Key Takeaways North America dominated the Penetration Testing Market owi...

Globally, around 6,139,481 oral care products are imported in a year.[1] Rising pediatric and geriatric dental problems, owing to changing lifestyles and modern food habits, is majorly influencing the global oral care market . A healthy and clean mouth is crucial for maintaining good health. On the other hand, avoiding requisite oral care leads to bad breath, dental caries, gingivitis, periodontitis, and oral cancer. Neglected oral health is not only limited to the mouth cavity, but might also cause endocarditis and cardiovascular diseases. Increasing severity of dental risks has increased awareness of the need for regular oral hygiene, which resulted in a global revenue of $46.6 billion for the oral care market in 2018. This statistic is reflective of the overall consumption of oral health care products such as toothpastes, dental floss, tongue scrapers, fresh breath dental chewing gums, fresh breath strips, battery-powered toothbrushes, electric toothbrushes, and many others. During ...

Nitrile Medical Gloves Market Size in 2019 is estimated to be $983 million and is growing at a CAGR of 7.2% during the forecast period 2020-2025. Nitrile is one of the most preferred materials for manufacturing gloves. Nitrile gloves are widely used across all industries worldwide and are frequently used to provide safety and protection. Nitrile is latex-free and provides three times more puncture resistance than standard latex exam gloves. Nitrile gloves are known for providing maximum protection with the ability to provide chemical protection. Rising awareness regarding hygiene and rising demand for disposable gloves in medical applications are the major factors driving the growth of the market. Furthermore, the high prevalence of chronic diseases further increases the demand for nitrile medical gloves. Key Takeaways In 2019, North America dominated the nitrile medical gloves market owing to increasing concern related to diseases, technological advancement and rising demand for dispo...

Modified Bitumen Market is forecast to reach $8.95 billion by 2025, after growing at a CAGR of 5.59% during 2019-2025. With the steady increase in the movement of automobiles and freight, demand for the enhanced road networks is growing significantly around the globe. This has culminated in several countries building new highways. As a result, there is a huge opportunity in the construction industry to develop materials such as modified bitumen. During the forecast period, the global increase in road construction will drive the growth of the modified bitumen market.The report covers Modified Bitumen Market size by type and Applications, Modified Bitumen Market share by top 5 companies and also the market share by start-ups during the forecast period. Report Coverage The “Modified Bitumen Market Report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Modified Bitumen Market. Request Sample Key Takeaways The current worldwide rates of...

As per the report by International Organization of Motor Vehicles Manufacturers, the total number of cars and commercial vehicles manufactured globally in 2018 surged to 91.53 million. The growth of the automotive industry is attributed with the development in the material testing market . Every single vehicles and its parts manufactured must go through testing procedure that is fueling the growth of the material testing market. Apart from the automotive industry, application segments of the material testing market expand to construction, aerospace and defense, medical devices, power, and others. The global material testing market value stood at $700 million in 2018. And, the compulsion laws to test each material for quality assurance will drive the market with compound annual growth rate (CAGR) of 4% during the forecast period of 2019-2025. APAC is the positioned as the leading region in the material testing market. The rapid industrialization across emerging economies, expanding prod...

Interactive Voice Response (IVR) System market forecast to reach $6.11 billion by 2025, after growing at a CAGR of 6.31% during 2020-2025. Growing adoption of advanced technologies and rise in cloud-based services is set to drive the IVR technology. Increasing implementation of interactive voice response units in industries such as BFSI, healthcare, travel, hospitality, and other applications in order to navigate or interact with callers and helps route calls to relevant recipients through voice commands or touch-tone key selection has been driving the IVR system market size. Rise in demand for enhancing customer relationship management is further expected to fuel the IVR system industry during the forecast period 2020-2025.The report covers IVR System Market size by type and applications, IVR System Market share by top 5 companies and also the market share by start-ups during the forecast period. Key Takeaways North America dominates the IVR System market owing to early adoption of ...