Growth in Number of New Businesses Expected to Drive Global Accounting Services Market: Ken Research

 Accounting services market comprises of sales of accounting services & related goods by entities that provide recording and financial transactions analysis and other financial values pertaining to businesses and other organizations. Accounting services are type of service that provides the recording and analysis such as payroll, tax preparation, bookkeeping, auditing, and among others. The accounting service involves analyzing, summarizing, auditing & reporting of the financial transactions to tax collection agencies or entities. It involves designing accounting systems, auditing & preparing financial statements, developing budgets and accounting advisory. These services undertake the processes where human capital is a major input. They make available the knowledge & skills of their employees, often on the assignment basis, where a team or individual is responsible for the delivery of services to the customer.

According to study, “Accounting Services Global Market Opportunities And Strategies To 2023” the key companies operating in the global accounting services market are Crowe Horwath, RSM, Studio International Tornamb, Ruihua CPA, Accenture, DSG Chartered Accountants, Pan-China CPA, ADP (Automatic Data Processing, Inc.), Italian Accountants Studio Del Gaizo Picchioni, KPMG, PWC (PricewaterhouseCoopers), Moore Stephens UK, Alvarez and Marsal, RWT, Spira Twist and Associates, Rodl Partner, Champion Accountants, Ernst and Young, Grant Thornton, Mazars, BDO International, Deloitte, Charles Ghadban Accounting, Baker Tilly, Picco Accounting, KML Bookkeeping Services, HRBlock. Key companies are adopting various business strategies such as expanding in other geographies, investing in technology to digitalize the business, integrate & gain competitive advantage and in acquisitions & mergers to strengthen their service offerings.

Based on type, accounting services market is segmented as financial auditing, tax preparation services, payroll services, bookkeeping, and other accounting services. The tax preparation services segment holds major share in global market owing to increase in number of new businesses & startups. The payroll services segment is anticipated to witness higher growth rate due to rise in demand for such solutions across different enterprises in order to ensure effective management during the forecast period. In addition, based on end-use industry, market is segmented as IT services, financial services, manufacturing, construction and others.

The accounting services market is driven by growth in number of new businesses, followed by increase in start-up culture and rise in government initiatives towards creating more employment avenues. However, shortage of skills may impact the market. Moreover, growth in technological development and regulatory reforms are key opportunities for market.

Based on geography, the North-American region dominates the global accounting services market owing to growth in outsourcing for accounting tasks across the organization in the region. The European and Asian-Pacific regions are anticipated to witness higher growth rate due to increase in government initiatives over the forecast period. It is expected that future of the global market will be optimistic because of change in standards of financial reporting during the forecast period. It is also expected that global accounting services market will be reached at US $734.7 billion by 2023, at a CAGR of 6.3%.

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Global Accounting Services Market

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Increase in Consumption of Fruits & Vegetables Expected to Drive South Africa Agriculture Market: Ken Research

The South Africa has a market-oriented agricultural economy, which is much diversified and includes the production of all the key grains (except rice), deciduous, oilseeds, and subtropical fruits, sugar, wine, citrus, and most vegetables. Livestock production includes sheep, cattle, dairy, and a well-developed poultry & egg industry. Value-added activities in the agriculture sector include processing & preserving of fruit and vegetables, crushing of oilseeds, chocolate, slaughtering, processing & preserving of meat, dairy products, grain mill products, prepared animal feeds, sugar refining & cocoa, and sugar confectionery amongst other food products.

Growth in the population level of the South-Africa has fueled the demand for cereals. Maize is a staple food in the country, consumed in its direct form, and used for products, for instance bread, sweeteners, and cornmeal. Wheat is also a major staple food in the country, which is generally imported because it is economical to import rather than produce it locally. Fruits consumed in the country are litchis, mangoes, apples, pears, plums, peaches, pineapples, avocados, apricots, grapefruit, and lemons. There is also boosting demand for products derived from fruits including fruit juices and jams, in the region that drives the market. Additionally, the most demanded vegetables are lettuce, tomatoes, chicory, pumpkins, and carrots. Apart from this, leafy vegetables including cleome, amaranth, Jews mallow and blackjack, which are locally produced, are consumed in the country.

According to the study, “South Africa Agriculture Market Trends, Statistics, Growth, and Forecasts” key market players focus on integrating new advanced technologies for strengthening their market position.

Based on agriculture sub-sectors, the South Africa agriculture market is segmented as corn industry, grain industry, and others. Corn is the major locally produced field crop, and the most significant source of carbohydrates in the region for animal & human consumption. Additionally, the grain industry (maize, sorghum, barley, oats and wheat) is also leading industry in the South-Africa, comprises of numerous key stakeholders including input suppliers, millers, bakers, farmers, silo owners, traders, research organizations, financiers, etc. The animal feed industry is a significant client & role player in the grain supply chain.

The South Africa agriculture market is driven by supportive government policies, followed by an increase in demand for fruits & vegetables and favorable climatic conditions. However, lack of knowledge about transfer activities and unavoidable climatic conditions may impact the market. Moreover, improved consumer spending toward fruits & vegetables is a key trend for market. Furthermore, increase in government initiatives and introduction of projects like project Khulisa are anticipated to promote the farming of food crops in the South-Africa.

The United States exported million of agricultural, fish & forestry products to South-Africa. Major products exported by the U.S. to the South Africa included, wheat, planting seeds, poultry meat, distilled spirits and tree nuts. Other products imported by country from the U.S. included dairy products and sorghum. It is estimated that the South Africa agriculture market will be reached at rapid pace as a result of increase in consumption of fruits & vegetables due to rise in health consciousness of people during the forecast period.

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South Africa Agriculture Market

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Growth in the Insights of Pharmaceutical Sterility Testing Global Market Outlook: Ken Research

 The pharmaceutical sterility testing market be made up of sales of pharmaceutical sterility testing products and interrelated services which are castoff to confirm that pharmaceutical products are free from the attendance of the viable microorganisms. Pharmaceutical sterility tests are processes for checking the occurrence of microorganism in biological parenteral which are proposed for human usage. Pharmaceutical sterility testing is an imperative process in pharmaceuticals, medical equipment, and drugs manufacturing to calculate the effectiveness of a sterilization procedure and is carried out at all levels of manufacturing to diminish the risk of product contamination.

According to the report analysis, ‘Pharmaceutical Sterility Testing Global Market Report 2020-30: Covid 19 Impact and Recovery’ states that the worldwide pharmaceutical sterility testing market is probable to deduct from USD 1.02 billion in 2019 to USD 1 billion during 2020 at a compound annual growth rate (CAGR) of -3%. While the entire sterility testing market is a deduction in 2020 owing to COVID-19, some market segments (medical devices and drugs used for covid19), will increase significantly. Stopping of pharmaceutical and medical devices introduction owing to COVID-19 has impacted the sterility testing market. The market is predicted to recover and reach USD 1.39 billion during 2023 at a CAGR of 8%.

Additionally, major players in the pharmaceutical sterility testing market are Pacific Biolabs, STRERIS Corporation, Boston Analytical, Gibraltar Laboratories, Sartorius AG, SolviasAG, SGS AG, Toxikon, Inc., Pace Analytical Services LLC and Charles River Laboratories International, Inc. Companies in the pharmaceutical testing market are establishing the new pharmaceutical sterility testing products and services to augment its product portfolio and enlarge its existence in the market. The corporates are launching technologically advanced products and well-equipped services to exploit growth potential of the increasing pharmaceutical sterility market. For instance, during 2019, RSSL launched a sterility testing service for pharmaceutical and medical device companies which offers reckless, responsive and flexible test services.

The RSSL's new sterility testing service comprises two methods, membrane filtration for aqueous, alcohol, solvent and oil-based products and direct inoculation tests for non-soluble to regulate the existence of contaminating microorganisms in sterilized or aseptic drug products. Similarly, during December 2018, Merck, a leading sterility testing device producer, launched Steritest NEO Device, an opportune and effective sterility device utilized for pharmaceutical drug testing.

Augmented in the number of drug launches and growing the investment on research and development (R&D) underwritten to the growth of pharmaceutical sterility testing market. Sterility is an essential step in the production of drugs to avoid product contamination and generate the drugs free from any viable microorganism. According to a report circulated by International Federation of Pharmaceutical Manufacturers & Associations during 2017, nearly USD 149.8 billion was spent by worldwide pharmaceutical industry for R&D activities. Additionally, according to Pharma and Annual Review 2019 report, 1,273 fresh drugs were launched in the worldwide market in 2019, a 6.2% augment from the previous year. Augmented the emphasis in the quality and sterility coupled with growing R&D activities in pharmaceutical segment and rising production and launch of drug and medical devices is propelling the market.

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Global Pharmaceutical Sterility Testing Market

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Growth in Grain Production Expected to Drive Ukraine Agriculture Market: Ken Research

Agriculture is one of the vital sectors of the Ukrainian economy. It is natural that Ukraine became world’s major sunflower oil exporter, second major grain exporter, forth corn & barley, sixth wheat and soybean and seventh poultry & honey exporter, and ninth major egg producer. The primary food harvest products are mainly barley, sugar beets, potatoes, rice, maize, soybeans, and wheat.  Apart from this, primary meat products are beef & veal, chicken, horse, lamb, pork, and rabbit. In terms of value, the largest agricultural exports are basically sunflower seed, raw sugar, refined sugar, beef & veal, and fish. Ukraine country is one of the few countries in the world that is in a position to significantly expand grain net exports, owing to its strategic location & agro-ecological potential of its soils. The grain production prospective of country depends on the two main factors: land area cultivated and yield. Increasing government policies, rising foreign investments, stimulating the development of food processing and growing technologies are some leading factors for growth of the country’s agriculture market. However, absence of crop insurance system, extreme weather conditions and lack of environmental measures & unsustainable mid-term/long-term state policy in grain production or trade are major challenges for country’s agriculture market. Moreover, growth in improvements in production, logistics and new trade links or agreements, including an organization agreement with the European Union, have helped to increase the Ukrainian exports.

According to study, “Ukraine Agriculture Market Trends, Statistics, Growth, and Forecasts” the key companies operating in the Ukraine Agriculture market are Ukrland farming, Agroprosperis, Kernel, Myronivsky Hlibo product, Mriya, Astarta-Kyiv, IMC, UKRPROMINVEST-AGRO, Agro Generation, Agrain, Epicenter-Agro, HarvEast, AgroVista, NIBULON, LNZ Group, BKW Group, Agromino.

Ukraine is abundantly endowed with chernozem (black soil), one of the most fertile soils globally that contains a very high percentage of humus (3% - 15%) along with phosphoric acids, phosphorus & ammonia, occupies approximately 41% of country’s total area and even more of its agricultural land approximately (54%), and arable land approximately (58%). Only two chernozem belts are present worldwide: one is extending from the northeast Ukraine to Russia, and the other is in the Canadian Prairies.

To maintain & improve the positions on global agricultural markets, Ukraine country’s producers would be required to increase the investment in order to decrease production costs, enter higher value-added & niche segments, improve products quality, and improve the marketing of their products. These would include: decreasing the costs by applying precision agriculture techniques, increasing the crop yields by catching up on use of irrigation, fertilizers, and machinery; increase in shifting from the export of agricultural commodities to export of food, rise in investments in additional storage capacity, passing required certification procedures to enter new markets, entering high-margin niches including fresh & organic products and improvement in marketing of Ukrainian products to strengthen the brand recognition & customer loyalty.  It is projected that future of the Ukraine agriculture market will be bright on account of growth in development & promotion of small & medium enterprises (SMEs) farming during the forecast period.

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Ukraine Agriculture Market

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Customer Retention Strategy | Field Ready Sales Plan: Ken Research

 The Field Ready Sales Plan is a particular arrangement that sets out the sales targets & system for your business, and identifies different steps you take to meet your objectives. It assists you to choose the sales strategies that are appropriate to your target market, define a set of sales targets for your business, motivate, activate, and focus your sales team, recognize sales tactics for your sales team budget & clarify steps you will take to achieve your targets review your objectives periodically and improve your approaches to sales.

An effective sales plan is required to provide strategic direction for the sales team, monitor sales team’s progress to organizational goals, to communicate the company’s goals or objectives to your sales team and outline the roles & responsibilities for sales team & leadership. A typical Field Ready Sales Plan includes revenue targets, target customers, pricing & promotions, strategies & tactics, team structure, market conditions, deadlines & DRIs (Directly Responsible Individuals).

Many businesses develop/update sales plans periodically every 6 or 12 months. You should treat your sales plan as a living' document, which you can revise regularly. Ken Research has numerous customer retention strategies to increase your sales. Customer retention refers to various activities that companies do for reducing the number of customers they lose each quarter, month, and year. Customer retention is essential for long term survival of your eCommerce business and eStore. Some stages of customer retention include social bond, financial bond, structural bond, and customization bond etc. Social bond focuses on building social bonding with the customer that builds longer time profits. In financial bond, customers are offered financial benefits for instance discounts and other free cross-services to avoid the churn. The business uses this stage of retention to get customers’ attention for other levels of retention. Structural bond stage works in Business-to-Business (B2B), in which the business forms a bonding intimate enough that they share a part of business structure that is hard to break. Therefore the retention becomes a crucial part of business structure. Additionally, customization bond stage involves the mass communication with the customer & developing an intimate understanding between the two. With this bonding, the product or services are no longer of one standard but get customized as per the customers’ requirements. The price or charges become more flexible.

Some of the key Customer Retention Strategy includes form customer councils, preview & validate new features, run contextual in-app surveys, onboard new customers, set cleat expectations, act of customer feedback, utilize product announcements, offer multi-channel support, send customer satisfaction surveys, start a customer loyalty program, trigger emails to bring back inactive users, incentives customers with referral programs, use a discount to re-engage first time buyers, use the element of surprise, publicly acknowledge your mistake, empower customers with self-serve resource, thank your customers, and among others. With the effective customer retention strategies, you can boost sales revenue, protect your business resources, build a strong commercial relationship with your clients, and take your business towards branding, all in most cost-effective ways.

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Customer Retention Strategy

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Future Growth of Qatar Facility Management Market: Ken Research

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Facility Management has become one of the persuasive sectors yearnings for concentrated recognition for a long duration of time. The improvement began about a few decades ago when end-users measured the choice of outsourcing the operation, conservation, and other non-core activities connected to the facility to a professional corporation that formed a fresh industry called FM. Today, the FM has grown as a customer delight by utilizing the advanced technology and modular building models to accommodate several needs, providing the way to managing facilities. FM Services are categorized into two major types: Hard Services: Electrical, Mechanical, Plumbing, HVAC, Fire protection, and other systems/solutions connected to the construction maintenance. Cleaning, Security/Staffed Guards, Landscaping, Waste Collections, Pest Control, Rope Entry, Catering, and several other related services are involved.

According to the report analysis, ‘Qatar Facility Management Market: Market Segments: By Service (Property[HVAC Maintenance, Mechanical & Electrical Maintenance], Cleaning, Security, Catering, Support, Environmental Management and Other Services);By End User (Commercial, Residential Industrial)By Mode (In-House Outsourced[Integrated, Bundled, Single]); By Type (Hard, Soft and Others); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030’ states that the effective growth in the country's market is propelled by the increasing usage of facility management services in the commercial buildings, residential construction projects, infrastructure projects, and industrial projects. As several projects are underway, the requirement is expected to enlarge in Qatar, following governments' strategic measures to quicken demand improvement during the coming years.

In addition, the contribution in the infrastructure sector has been progressing owing to the upcoming mega-events around the country, such as the FIFA World Cup 2022, the Gulf Expo, and several others; the Qatar facility management market has an auspicious future. For example, in order to host the 2022 FIFA World Cup, more than $200 billion is being contributed in infrastructure improvement in the country, comprising the new rail lines, new international airports and ports, highways, hotels, and several others. Also, the speedy enlargement of tourism, education, and real estate sectors would underwrite toward the economic growth of the country and result in a requirement for facility maintenance services.

Not only has this but Qatar's National Vision 2030 was also introduced during 2008 which is one of the foremost forces projected to drive the development of Qatar's facility management segment. It is aimed at four major pillars, comprising human growth, social development, economic improvement, and the advancement of the environment. The aim of the national vision is to improve the country by decreasing its economic dependence on the oil and gas industry and by consolidating other segments, such as infrastructure and tourism. The vision lays the groundwork for the speedy growth of infrastructure and investments to obtain its objectives. The vision will involve the large areas of choices for the creation and growth of the region’s facility management sector. Therefore, in the near years, it is anticipated that the Qatar facility management market will increase around the globe more effectively over the forthcoming years.

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Qatar Facility Management Market Growth Rate

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Increase in Export Activities Expected to Drive Russia Agriculture Market: Ken Research

The agriculture sector of Russia country is the most steadily developing sector of the national economy. Country’s most important crops are sunflower oil, grains and corn. Russia country is a world champion for the export of wheat & buckwheat and amongst the top ten in terms of the export of many other crops. The country has also exporting a variety of livestock products and value-added food products. Country also produces & exports many other food products for instance barley, meat, dairy products, fish, fruit and nuts. In addition to country’s current agricultural production capabilities, climate change may make various millions of additional acres in northern-Russia available for farming. This, combined with the planned expansions of country’s export infrastructure, increase export markets and a considered increase of fertilizer use, could increasingly place it in a position of global agriculture sector leadership.

According to study, “Russia Agriculture Market Trends, Statistics, Growth, and Forecasts” the key companies operating in the Russia agriculture market are Karelian Surimi Plant, Rusflot Petroleum Company, Diamond Rain Group, East Way Ltd., Baltic Cranberry Corporation, Russneft Consultancy (Affiliated To Russneft Company), Donskoy Tabak Jsc, The New People Co., Ltd., Sun-nsk, Republican Supply Base Prohladnenskaya, Ussuriyskiy Balsam, Legion Co. Ltd., Solna, Jj-group, Rosex Ltd., Huston Commerce LLC, Polikor Ltd., Ambar ug. Co. Ltd., Cfc Company Limited, Bashkir Forest Industry Company, Kursk Grain Product Complex, International Potash Company – Ipc, Health&herbs, Odionn-fish, Enbima Group, Taikan Co., Ltd. The key manufacturers continue ramping up own production, in their usual & new categories, taking niches previously occupied by imports. In addition, the weak ruble makes Russian goods lucrative & competitive in the foreign markets, opening up innovative opportunities for domestic enterprises.

The Russian food products are exported around the globe for example Russian grains are exported to more than 120 countries. Key export destinations for Russian grains are mainly the Middle East, the North Africa, and the South Caucasas.  Additionally, key export destinations for Russian sunflower oil are the China, Turkey, CIS countries, Egypt and Iran.

The Russia agriculture market is driven by rise in global temperatures that may melt snow currently covering huge areas of potential farmland. Some other major growth factors are increase in production capacity, massive source of food demand, possibility of great economic integration with China and increase in export activities. However, weakened economic condition owing to low oil prices & weak rouble may impact the market. Moreover, increase in investments in farming companies, investments in the financial sector that can increase the existing agriculture sector financing sources, increase in investing in company or investment funds with the agriculture-driven infrastructure strategies, including roads, ports, and logistics centers are key opportunities for market. Furthermore, surge in investment in companies whose business models are based on the agriculture sector inputs such as agriculture equipment, agriculture machinery, and fertilizers is a major trend for market.

The Russian agriculture sector has the potential to grow considerably in the years to come. In addition to having key significance for global food supply, this will create various investment opportunities for the global agriculture sector investors.

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Russia Agriculture Market

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Increase in Prevalence of Thrombosis Expected to Drive Global Antithrombotic Drugs Market: Ken Research

 Antithrombotic drugs are special drugs that help to prevent the formation of thrombus or clot. These drugs are used to reduce the formation of blood clots by reducing the capability of body to form a blood clot. Antithrombotic drugs act by preventing the production of vitamin K in the liver. Anticoagulant, antiplatelet, and thrombolytic agents are different types of antithrombotic agents that act by different clotting processes. Arterial & venous thrombosis, two types of thrombosis, can be treated with the antithrombotic drugs.

According to study, “Antithrombotic Drugs Global Market Opportunities And Strategies To 2030” the key companies operating in the global antithrombotic drugs market are Mylan N.V., Aspen Holdings, Sanofi, Pfizer Inc, F. Hoffmann-La Roche Ltd, Bristol-Myers Squibb Company., Hebei Changshan Biochemical Pharmaceutical Co. Ltd., Eisai Co., Ltd., Fresenius Kabi AG, Hikma Pharmaceuticals PLC, Novartis AG, OPOCRIN S.P.A, Nanjing Jianyou Biochemical Pharmaceutical Co., Ltd., SARIA SE & Co. KG, Shenzhen Hepalink Pharmaceutical Group Co., Ltd., Shanghai Fosun Pharmaceutical (Group) Co., Ltd, Shenzhen Techdow Pharmaceutical Co., Ltd, Yino Pharma Limited, Teva Pharmaceutical Industries Ltd., and others.

Based on product type, antithrombotic drugs market is segmented as anti-fibrinolytics drugs, anti-coagulant drugs, and anti-platelet drug and others. Based on drug class, market is segmented as heparin, dabigatran, apixaban, rivaroxaban, fondaparinux, and others. Based on route of administration, market is segmented as injectable and oral. Based on application, market is segmented as blood clot & thromboembolic treatment drugs, hyperlipidemia treatment, prophylactic treatment and other applications. Based on distribution channel, market is segmented as online pharmacy, hospital pharmacy, retail pharmacy and others. In addition, based on end-users, market is segmented as homecare, hospitals, specialty centers and others.

The antithrombotic drugs market is driven by rise in demand for novel oral anticoagulants, followed by growth in ageing population, increase in prevalence of thrombosis, growth in developments in the pharmaceutical industry and increase in prevalence of cardiac & hereditary diseases. However, high cost & side effects of antithrombotic drugs and stringent regulatory policies may impact the market.

Based on geography, the North-American region dominates the global antithrombotic drugs market owing to increase in prevalence of cardiovascular & blood-related diseases and growth in development of new drugs in the region. The Asian-Pacific and European regions are estimated to witness higher growth rate due to presence of high population based countries and presence of global marketed players over the forecast period. It is predicted that future of the global market will be bright as a result of increase in research & development (R&D) activities for new drug development and up-gradation in antithrombotic drug as well as the innovative product launches during the forecast period. The global antithrombotic drugs market reached approximately US $35,801.9 million in 2019 and is anticipated to grow at a CAGR of 7.7% to nearly US $44,702.6 million by 2022. The market is probable to growth to US $55,172.2 million in 2025 at a CAGR of 7.3% and to US $72,996.5 million in 2030 at a CAGR of 5.8%.

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Global Antithrombotic Drugs Market

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Rise in Demand for Timber and Palm Oil Expected to Drive Malaysia Agriculture Market: Ken Research

Agriculture sector is an important sector of Malaysia's economy. There are mainly 3 crops are produced including palm oil, rubber and cocoa. Additionally, country’s farmers produce a number of fruits & vegetables for the domestic market such as bananas, pineapples, coconuts, durian, cabbage, cucumber, long beans, tomato, chilli, okra, spinach, rice, rambutan and others. Country’s tropical climate is extremely favorable for the production of a variety of exotic fruits & vegetables. Rice is the staple food in the everyday diet of Malaysian citizens and it is a symbol of traditional Malay culture. However, production of rice does not satisfy the country's requirements, and Malaysia imports rice from neighboring countries like Vietnam and Thailand.

Malaysia is the world’s second major palm oil producer & exporter after Indonesia country. Country’s palm oil companies have big presence in Indonesia and have invested in palm oil refineries in leading markets such as India, China, Europe, and the United States.  Many of largest & most successful companies are palm oil agricultural estate enterprises where the state holds a tenure share. The US has been a major importer of Malaysian palm oil. Country’s palm oil industry representatives are highly critical of U.S. interests & policies.  In addition, several key US products are responsible for the new record, including processed vegetables, soybeans, processed fruit, tree nuts, and prepared foods.

According to study, “Malaysia Agriculture Market Trends, Statistics, Growth, and Forecasts” key companies operating in the Malaysia agriculture market are DBE Gurney Resources Berhad, Rhone Ma Holdings Berhad, Leong Hup International Berhad, QL Resources Berhad, Teo Seng Capital Berhad, Bahvest Resources Berhad, Lay Hong Berhad, CAB Cakaran Corporation Berhad, TPC Plus Berhad and PWF Consolidated Berhad.

The Malaysia agriculture market is driven by increase in consumption of rice, followed by increase in government initiatives and rise in demand of timber for building, furniture and construction. However, high feed prices, shortages of arable land, and a lack of quality breeds may impact the market.

Malaysia has been following a self-sufficiency level (SSL) policy in the fruit & vegetables for several years. The key agencies for this policy and for development of the sub-sector are the Ministry of Agriculture and Agro-based Industry (MOA) and its Department of Agriculture (DoA), Image result for FAMA in Malaysia, the Federal Agricultural Marketing Authority (FAMA) that monitors, coordinates and develops the product marketing while also purchasing the harvested fruits, Board of Farmers Organization, the Malaysian Agriculture Research & Development Institute (MARDI), and the Malaysian Pineapple Industry Board (MPIB). The state Agrobank is also a leading source of financing for the largely small & medium sized farms in the business.

The impact of climate change is likely to be an increasingly pressing subject for the sector. It is estimated that future of the Malaysia agriculture market will be bright on account of increase in application of new technologies & methods along with growth in development of rural infrastructure during the forecast period. Malaysia country’s efforts to achieve the self-sufficiency, establish a greater food security and its investment in technologies have put it on firm footing for the future growth.

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Malaysia Agriculture Market

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Growth Of Global Teledermatology Market Outlook: Ken Research

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Teledermatology is a groundbreaking approach of conveying dermatology services, covering remote locations impartially and allowing dermatologists or primary care practitioners to assist patients by mentioning them to local dermatology centers. It can be approved out in real-time utilizing video-conferencing devices and store-and-forward approaches in two manners. One can store the relocated photographs and videos of a patient's clinical history. More clinical patient data can be delivered by real-time teledermatology.

Store and forward methods have superior diagnostic precision associated to video assistance consultation and are also inexpensive for the health care wage-earner, but demand more time to deliver a diagnosis. Video conferencing is utilized majorly for conferences on medical cases and for educational determinations.

According to the report analysis, ‘COVID-19 Impact on Global Tele dermatology Market By Component (Software and Services); By End User (Providers, Payers, Patients and Other End Users); By Application (Tele-radiology, Tele-consultation, Tele-ICU, Tele-stroke, Tele-psychiatry, Tele-dermatology and Other Applications) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030’ states that Global Tele Dermatology Market size was enumerated at USD 5.25 billion during 2019 and is predicted to reach USD 13.48 billion by 2030, accounting a CAGR of 9.15% from 2020 to 2030. One of the foremost reasons for embracing teledermatology services and contributing in the telemedicine industry is government efforts to minimalize healthcare costs and enlarge specialty healthcare. The project would fill the digital divide and support to familiarize the high-speed internet to organizations comprising colleges, hospitals, and government agencies. Such interventions will support the advancement of teledermatology over the predicted span. The improvement of the telecommunications and IT segment would dramatically advance the growth of the worldwide teledermatology industry. The effective growth in the trends in online education and distant consulting have given an enhancement to the industry, as many institutions deliver online consulting and education podiums. Several private health consulting firms also play noteworthy roles worldwide in providing diagnostic services.

Meanwhile, the Global pandemic COVID-19 has become international anxiety, not just for human lives, but also for industries crosswise changed industry verticals. The COVID-19 disease has infected quite a few million people globally, with a collective number of active cases daily, the extent of the pandemic is still challenging to predict. To account for the rapid spread of the sickness, governments across the world are obliged to take stringent steps to restrain the spread of the syndrome.

As a result, the rigorous lockdowns and social distancing activities familiarized worldwide compelled individuals to stay indoors. This has positively not been the case for teledermatology firms, although the epidemic has had a challenging bearing on many industries. For the growth of the entire Global Teledermatology Market in the past few months, the augment in the usage of concepts such as telehealth and telemedicine has boded well.

The fresh technological advancements in the worldwide Teledermatology Market, as well as the great production output of the product by foremost players, are likely to augment the market growth. In the telecommunications industry, speedy advances such as the launch of 4 G LTE and further studies have also delivered numerous opportunities for the worldwide Teledermatology Market. Around the developing nations, teledermatology is introduced principally to plug the void in cost-effectiveness and specialty treatment. Therefore, in the near years, it is predicted that the market of teledermatology will increase around the globe more effectively over the upcoming years.

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Global Tele Dermatology Market Growth Rate

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