Supporting Economic Shifts To Invigorate The 3D VR Virtual Reality Glasses Industry In Asia-Ken Research

3D VR virtual reality glasses are largely manufactured to obtain high-gloss transparent cover enhanced virtual reality effect, offered with a removable foam pad that helps in easy cleaning, and provides an adjustable headband for the needs of different groups of people, and is made in a comfortable way to wear while watching movies or playing games. Generally, 3D VR virtual reality glasses are used for watching movies, gaming, virtual tourism, crime scene reconstruction, virtual car showrooms, view personal content on social media, live streaming of events, advanced healthcare, adding dimensions to home shopping, military training and drone control.

AR technology is usually integrated in smart mobiles and wearable devices which has over the years boosted the growth of 3D VR virtual reality glasses industry in Asia. Today, almost all the smart phones are equipped with powerful processors and 3D cameras; making it an ideal platform for AR gaming.

The industry research report titled “Asia 3D VR Virtual Reality Glasses Industry Situation and Prospects Research report” is an in-depth and professional study on the recent state of the 3D VR Virtual Reality Glasses industry. It offers a deep analysis of the industry with the integrity of logic and the comprehensiveness of contents to all its users. It manages to give a basic overview of the industry involving definitions, classifications, applications and industry chain structure along with an analysis for the international market including development history, competitive landscape analysis, and major regions' development status. Also, all the development policies and plans are well discussed along with the manufacturing processes and cost structures in this report.

This market is mainly split by (a) product types, with production, revenue, price, and market share and growth rate of each type, that is further segmented into- PC/Home Console, Headset AR and Other; and (b) by applications, focusing on the consumption, market share and growth rate of 3D VR Virtual Reality Glasses in each application, be it Home Use or Commercial Use.

The 3D VR Virtual Reality Glasses in Asia market especially caters to countries like China, Japan, India, Korea, Saudi Arabia wherein focus remains on the top manufacturers that prevail in the market, on the basis of production, price, revenue and market share for each manufacturer, covering Samsung, Carl Zeiss, Baofeng, Sony, Razer, HTC, Epson, Daqri, AMD, Atheer, Meta, CastAR, Skully, HP, Antvr, Lumus, Fove, Sulon, Jinweidu, Virglass and Emaxv.

It has been noticed that augmented reality (AR) gaming market has experienced a dramatic growth over the years owing to certain ongoing developments of augmented reality games which have earned a huge admiration in the market. Additionally, there have been rises in the smart phone software applications, presence of multiple leading vendors, AR game developers and mushrooming adoption of depth-sensing cameras, with the passage of time which have helped in driving the growth of 3D VR virtual reality glasses industry in the Asian countries.

Furthermore, with ameliorated economic growth, stabilized prices and healthy chip demand in the industry; the market will definitely be boosted for 3D VR Virtual Reality Glasses market in the coming years.  Thus, Asia-Pacific is foreseen to greatly evolve especially via growing success in countries like China and Japan which will show drastic improvements due to the advent of latest designs and fabrication of the existing technologies.

Moreover, on proper scrutiny, it has been revealed that the projected growth of VR technology and associated devices is strongly attributable to their ability of being incorporated in widespread application areas, involving aerospace & defense, commercial, consumer electronics, industrial, and medical field. Undoubtedly, this technology has gained a certain level of prominence because of development and launch of innovative Virtual Reality headsets and consequently, the global market is also expected to show traces of an exponential growth in the years to follow.

If seen from the global perspective, the Asia Pacific region is anticipated to grow at the highest CAGR by 2025 owing to a horde of optimistic factors involving- amplifying demand across healthcare, military, education, and retail sectors; and surging use of technology in products like cameras, smart phones, and televisions etc. Besides this, virtual reality technology is also envisioned to serve as an effective tool for marketing and promotion, which will obviously bring in more opportunities for this industry to flourish.

To know more about the research report:

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/asia-3d-vr-virtual-reality-glasses-industry-situation-and-prospects-research-report/147267-101.html

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Europe Automotive Gasket and Seal Industry to Flourish Via Optimistic Economic Shifts - Ken Research

Automotive gaskets and related seals usually cover all variants of mechanical seals which are able to fill the gap between any two components of an automobile, thereby ensuring that leakages if any during compression are avoided.

The industry report titled, “Europe Automotive Gasket and Seal Industry Situation and Prospects Research report” is a professional and in-depth study on the current state of the Automotive Gasket and Seal industry in Europe. It offers a comprehensive analysis to its users involving the integrity of logic and totality of contents. Basically, the report portrays an outlay of the industry including specific definitions, classifications, applications and industry chain structure along with a market analysis for the international market including development history, competitive landscape analysis, and major regions' development status. Also, the development plans and policies are well discussed along with manufacturing processes and cost structures.

This European industry is mainly split by (a) product types, with production, revenue, price, and market share and growth rate of each type, which is further divided into: Metallic Gasket and Non-metallic Gasket; and (b) by applications, aiming on consumption, market share and growth rate of Automotive Gasket and Seal in each application, mainly including- Compact Vehicle, Mid-sized Vehicle, Premium Vehicle, Luxury Vehicle, Commercial Vehicle and Heavy Commercial Vehicle.

The Automotive Gasket and Seal in Europe market mainly caters to the countries that include Germany, Russia, UK, France, Italy and some other regions wherein the major focus is on the top manufacturers on the basis of production, price, revenue and market share for each manufacturer, and the list involves- Dana Limited, Federal-Mogul Corporation, Trelleborg AB, Datwyler, Elringklinger AG, SKF AB, Smiths Group, Victor Gaskets India LTD, Freudenberg Sealing Technologies GmbH & Co and KG and Flowserve Corporation.

Europe has been observed as a major hub for several renowned global market players, which are very well known for delivering quality and high-performance vehicles. Eastern Europe has been noticed to follow the western European countries including U.K., Germany, France, and Italy in order to be resilient like them and has also managed to evolve over the years however, a lot needs to be achieved if we see from today’s point of view and therefore, with a great exposure that is expected to be offered to the manufacturers in the coming years; growth rates in Eastern Europe are foreseen to strongly ameliorate further fostering the market demand for automotive gaskets and seals in the European countries.

It has been investigated that the stringent compliances with strict quality standards in different sectors like- marine, rail, aerospace, construction, electronic and electrical equipment manufacturing have propelled the demand for advanced solutions in recent years. Moreover, high strength gasketing and sealing solutions coupled with persistent upcoming innovation are anticipated to engender spurred growth prospects in the future years majorly owing to constant developments in the science of sealing and thus, Eastern Europe has been seen as the upcoming potential market wherein tapping of newer opportunities will take place.

Not only this; even the rises in overall vehicle production are projected to invigorate growth in this industry. Consequently, the global automotive gasket and seal market is expected to relish great growth rates in the coming future via amplified research and development investments directed towards the ongoing developments of novel materials that will meet and even exceed the modern sealing requirements. Hence as a matter of fact, the European Automotive Gasket and Seal Market is envisioned to grow at a decent CAGR of more than 6% by 2020 and since Europe and North America happen to be amongst the most lucrative regions in the global industry; so the Global Gasket & Seals Market is also assured to reach somewhere around USD 12,362 million by 2020.

To know more about the research report:

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/europe-automotive-gasket-and-seal-industry-situation-and-prospects-research-report/145664-100.html

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Global Government Spending To Multiply; Leading to Economic Success: Ken Research

The government spending sector caters to the total amount of public sector expenditure at any sort of level, be it central government, local government etc. It is mainly segmented into the following segments: defense, education, social protection, healthcare, and other.

The industry research report titled, “Government Spending Global Industry Guide 2017-2021” offers top-line qualitative and quantitative summary information well including: market size (value 2012-16, and forecast to 2021) for overall government spending. It also entails descriptions of the leading players along with significant financial metrics and analysis of competitive pressures within the market. Thereby, this guide proves out to be an essential resource that carries out data analysis of the global government spending market via textual and graphical analysis of market trends etc.

The various segments in which government undertakes expenditure are further bifurcated into many different sectors like the defense segment includes all military and civil defense spending, foreign military aid, research and development, and other defense related expenditure while the education segment includes all expenses made on pre-primary, primary, secondary, and tertiary education, as well as education not definable by level, subsidiary services, research and development, and other education related expenditure. The other segments including social protection is further divided into all types of spending on sickness and disability, old age, survivors, family and children, unemployment, housing, social exclusion, research and development, and other social protection expenditure while the health segments covers all spending on medical products, appliances, and equipment, as well as outpatient, hospital, and public health services, research and development, and other health expenditure.

Government spending across the world has been considered to be a very sensitive issue in many countries wherein the results of other industries are accordingly influenced owing to the levels of government expenditure. Government spending is a large scale process and thereby either directly or indirectly impacts various industries of any nation. Such spending are also done on general public services, public order and safety, economic affairs, environmental protection, housing and community amenities, and recreation, culture and religion, etc. which accounts for the ‘others’ segment.

According to statistics, the global government spending sector has had total revenues of about USD 28,354.1 billion in 2016 and showcased a CAGR of 3.8% wherein the social protection segment was the industry’s most lucrative segment with total revenues equivalent to 31.5% of the overall value. Moreover, it was noted that Europe had been the largest contributor to this industry, reckoning for more than a third of spending in 2016. These trends are further expected to ameliorate in the coming years; leading to a holistic developmental success for this industry.

Lately, it has been observed that the government has commenced to plunge in capital into several infrastructure projects and consequently, companies in the construction sector are currently witnessing an upturn in the overall investor confidence. Thus, this industry plays a very crucial role in generating economic progress globally since it happens to be a well connected factor that aids in stimulating the market demands for various industries.

Even, on proper scrutiny, it has been revealed that the roles and size of governments around the world have changed drastically over the years and as a result, it has also managed to augment the global public spending since 20th century in early-industrialized countries and is further expected to bolster the cumulative spending as the governments are foreseen to begin spending more resources on segments involving social protection, education and healthcare as the years roll by.

Geographically, the government expenditure in countries having high incomes has obviously been higher when compared to those countries with low incomes and it has been noticed that nowadays, the spending by government is influenced to a large extent by the private sector since they are relying much more on the ability of this sector to come up with innovative goods and services and at the same time, manage them efficiently. Thus, these public-private partnerships (PPP), in particular, have managed to become an increasingly popular mechanism for governments to finance, design, build and operate infrastructure projects lately and in the long run, these partnerships are envisioned to engender registration of massive revenues in many global industries by 2021.

Not only this, even where the growth in government spending is discovered to be less such that it develops but at a decreasing rate year after year; the economic scenario in such cases is all set to continue improvements in the coming years with adequate support from the government.

To know more about the research report:

https://www.kenresearch.com/public-sector-and-administration/religion/government-spending-global-industry-guide/144627-15.html

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Technological Evolution To Invigorate The Precision Agriculture Global Market : Ken Research

The industry research report titled, “Precision Agriculture Market Analysis By Component (Hardware, Software,Services), By Technology (Geomapping, Remote Sensing, VRT, IntegratedElectronic Communication, GNSS & GPS), By Application, By Region&Segment Forecasts, 2017-2025” offers a comprehensive analysis of the global precision agriculture market based on technology, component, and geography.

Precision agriculture has rapidly gained popularity among farmers across the globe because of the increasing need for optimum production with the given resources. Additionally, the timely changing weather patterns mainly via increasing global warming has further necessitated the adoption of enhanced technologies such that an efficient productivity and crop yield is attained.

GIS, telematics, VRT, GPS, and remote sensing are some of the key technologies which are covered in the technology segment. Further, the global precision farming market is segmented into two key components: hardware and software wherein hardware includes sensors, drones, ASS, radar, GPS, and others (display, satellite, and mobiles); and the software includes GIS, crop management software, weather tracking and forecasting software, inventory management software, people management software, and financial management software.

The prominent players of this global market namely include- Deere & Company, Trimble, Inc., Raven Industries, Agjunction, Inc., AGCO Corporation, AG Leader Technology, Precision Planting, Inc., SST Development Group, Inc., Teejet Technologies, Topcon Positioning Systems, Inc., Dickey-John Corporation and Cropmetrics LLC; and collaborations, partnerships and mergers & acquisitions are few common strategies which are followed by these players in order to contribute optimally towards the success of this industry.

The market is well investigated mainly across four different geographies: North America, Europe, Asia-Pacific, and LAMEA. It has been discovered that the global precision agriculture market, also known as precision farming, was valued somewhere around USD 3.08 million in 2015 and is further expected to significantly develop in the years to proceed owing to the fast paced ongoing technological advancements coupled with the growing need for efficient production in order to ultimately improve the supplies in relation to the rising demands for food consumption across the globe.

It has been observed that there is an increasing awareness and interest for Internet of Things (IoT) devices and other associated technologies like Big Data in order to maintain sustainability of farm production in this industry. IoT based farming approaches have managed to reduce the connected risks; ultimately ameliorating the productivity for global cultivators. Furthermore, due to increasing population and changing climatic conditions; the farmers have lately faced various challenges for increasing the crop yield. Therefore, IoT sensors like field sensors are being given this much importance. Hence, the increasing adoption of advanced technologies for lessening production costs and increasing food efficiency is envisioned to persist bolstering the market growth.

Also, the emerging implementation of farming devices involving UAVs, sensors, mobile devices and cameras are expected to even contribute in the growth of hardware segment and with declining prices of these sensors; the demands for wireless and smart sensors have multiplied over the years and in the long run also, is anticipated to foster the industry growth. Basically, this remote sensing technology is projected to mushroom the application of remote sensing images on agricultural vehicles for measuring factors like radiation, light and heat condition in the field.

Geographically, North America precision agriculture market has been noticed to acquire the major share of this industry due to the increasing adoption of the advanced agricultural solutions and equipments like sensors, steering and guidance systems, farm management software and display devices. In future, even the Asia Pacific region is anticipated to grow significantly owing to ever-growing adoption of smart phones, aggrandized use of cloud technology, booming population, technological advancement, and high initial investments in the industry.

Besides the sensors, there are many other innovative technologies such as real-time farm monitoring, weather forecasting, optimal field requirements and similar others which will come up eventually and are thereby envisioned to make this industry garner a valuation of somewhere around USD 7.8 billion by 2022, registering a decent CAGR of more than 14% at the same time.

To know more about the research report:

https://www.kenresearch.com/agriculture-and-animal-care/farming/precision-agriculture-market-analysis-by-component/144747-104.html

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Vietnam Medical Devices Market Research Report-Ken Research

Research Methodology - Market Definitions:-
Healthcare Market: The healthcare market is explained by cumulative revenues gathered from sales of medical devices, pharmaceuticals and services provided by private hospitals and clinical laboratories in Vietnam.

Pharmaceutical Market: The pharmaceutical market includes revenue generated from domestic sales of human vaccines and drugs which is obtained from domestic production and imports. Sales of pharmaceuticals to private and public hospitals, pharmacies/drug stores, clinical laboratories (independent labs and physician office labs), polyclinics, community health centers and maternity homes in Vietnam have been considered. Sales of Pharmaceutical drugs have been considered at retail level.

Medical Devices Market: Vietnam medical devices market includes total spending by public and private hospitals, clinical laboratories (independent labs and physician office labs), polyclinics and medical research and education institutes on diagnostic imaging equipments, medical consumables, orthopedics and prosthetic devices, dental products, patient aid devices and several other medical equipments. Imported and domestically manufactured medical devices have been considered.

Hospital Market: The hospital and clinic market includes revenue generated by private hospitals established in Vietnam. Revenue from outpatient and inpatient services has been considered. Type of private hospitals considered includes single specialty, multi-specialty and general hospitals. Revenue from pharmacy retail though pharmacies located in private hospitals has been included. Revenue generated from walk-in patients for laboratory tests has not been considered. Hospitals with more than 50 beds have been considered.

Clinical Laboratory Market: The clinical laboratory market includes revenue generated from services provided by public and private hospital labs, independent labs and physician office labs for routine, non-laboratory and esoteric tests.

Exchange Rate: VND-USD has been considered as 0.000044 throughout the report.

Research Methodology - Consolidated Research Approach:-
Hypothesis Creation: The research team has first framed a hypothesis about the market through analysis of existing industry factors obtained from magazines, journals, broker reports, investor presentations and annual reports of major companies, Ministry of Health Vietnam, Statistical Yearbook of Vietnam.

Hypothesis Testing: The research team conducted computer assisted telephonic interview (CATI) with several industry professionals including decision makers in medical devices, pharmaceuticals, hospitals, and clinical laboratories’ companies. The industry professionals included several importers and distributors of medical devices and pharmaceutical products and doctors, management executives, and other higher level authorities. Structured interviews were conducted through telecom with several industry veterans including major decision makers from Hoan My, Medic Lab, Viet My, Hanh Phuc International Hospital, Nanogen Biopharma, TD Medical Company and other companies. The analyst at Ken Research collated their insights on the market onboard and to seek justification to the hypothesis framed by the team. Additionally several B2B clients from different sectors including government offices, diagnostic centers, and hospitals in the ecosystem have been interviewed to understand their perspectives, needs, requirements and the prices they are willing to pay for procuring medical devices and pharmaceutical drugs.

Sanity Checking @ Decision Tree Analysis: Data has been collected and verified through cross-sanity checking the opinion and facts received from interview with the hypotheses framed from public databases. The team has verified the data by conduction both bottom-to-top and top-to-bottom analysis.

Future Forecasting via Poll Opinions and Statistical Tools: Multi-Factor regression was conducted on the lag variables by identifying the independent and quantifiable variables directly affecting the market. The forecasting was done by using SPSS statistical tools. The variables were checked for multi-co-linearity and other bias that could be present in the model. The conclusion from the regression was then double-checked by conducting poll opinions.

Interpretation and Proofreading: The final analysis will then be interpreted in the research report by our expert team well versed with the Healthcare Market.

Research Methodology - Market Sizing and Limitation – Medical Devices Market:-
Market Sizing:
We have collated data on imports for medical devices market in the country. After conducting CATIs with industry experts and management of the leading medical device manufacturers and traders in Vietnam, we were able to get import share of the total customer expenditure on medical devices in the country. We have also applied gross margin which is charged by the traders/importers on the imported medical devices to estimate the sales value of imported medical devices at retail value. Additionally, our team has also reviewed several industry publications and proprietary databases to validate the data. We have also interviewed management of multiple companies to understand the revenues of certain leading medical devices companies in the country to sanity check the market.

Limitation:
The companies which provide medical devices also do offer AMC (Annual Maintenance Contract) service to the end users and also generate revenues from repair and maintenance. However, we have not considered this revenue stream into our model. We have also not considered the sale of refurbished or second hand medical devices.

Research Methodology - Products and Tests Covered:-
Pharmaceutical Products:
Drug class including anti-infectives, gastrointestinal and metabolism, cardiovascular system, central nervous system, respiratory, musculoskeletal, dermatology, genitourinary and hormones, blood, oncology, endocrinology, ENT, ophthalmology, neonatology, genetic disease, immunology, Diabetes, infectious diseases, inflammation, internal diseases, metabolic diseases, nephrology, pulmonology, psychiatry, thrombosis and vitamin and dietary supplements.

Medical Devices:
Medical furniture, medical utensils, clothing medical and accessories, anthropometric equipment, hospital equipment, medical diagnostic equipment, resuscitation/ anesthesia equipment, surgical instrument, dressing devices, injection devices, surgical sutures, auxiliary devices, orthopedic devices, dental products, aesthetic devices, blood Transfusion devices, family planning devices, test kits and other disposables.

Non-Laboratory Tests:
Imaging tests involving Computed tomography (CT), Fluoroscopy, Magnetic resonance imaging (MRI) and magnetic resonance angiography (MRA), Mammography, Nuclear medicine, which includes such tests as a bone scan, thyroid scan, and thallium cardiac stress test, Plain X-rays, which includes chest X-ray, Positron emission tomography, also called PET imaging or a PET scan, ultrasound.

Interventional radiology: Angiography or angioplasty and stent placement, Embolization, cancer treatments including tumor embolization using chemoembolization or Y-90 radioembolization, Tumor ablation with radiofrequency ablation, cryoablation, or microwave ablation, Vertebroplasty and kyphoplasty, Needle biopsies of different organs, such as the lungs and thyroid gland, Breast biopsy, guided either by stereotactic or ultrasound techniques, Uterine artery embolization, Feeding tube placement, Venous access catheter placement, such as ports and PICCs.

Research Methodology - Variables (Dependent and Independent):-
Variables Considered:

Number of Hospitals: An increase in number of healthcare centers will lead to an increase in accessibility of various healthcare services which will positively affect the revenue of Vietnam healthcare market.

Population: An increase in population will fuel the demand for healthcare services as proportion of aged population increases and number of visitors at clinical labs, pharmacies, hospitals and other healthcare center will increase.

Public Healthcare Expenditure: Increase in healthcare expenditure will lead to advanced healthcare infrastructure in the country and attract more number of medical tourists for both inbound and outbound patients.

Prevalence of Diabetes: Increase in prevalence of diabetes will lead to an increase in demand for anti-diabetic products and healthcare services related to treatment of diabetes. This will positively affect the overall market revenue of Vietnam Healthcare Market.

Forecast Modelling:
The report applies Correlation and Regression analysis methods to forecast the future of the Vietnam Healthcare Market. The capabilities of SPSS and predictive analytics software have been leveraged to determine the relevant indicators used for forecasting this industry. In the present case, healthcare market revenue has been taken as the dependent variable and other variables such as population, number of hospitals, public healthcare expenditure and prevalence of diabetes have been taken as independent variables.

For more information on the research report, refer to below link:
https://www.kenresearch.com/healthcare/medical-devices/vietnam-medical-devices-market/143604-91.html

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Technology to Enhance the Global Education System -Ken Research

According to the education market research report, people aware about increase in skill mismatches, therefore, corporate and individual learners are increasing their investments in technical and vocational education. The education sector is based on long-lived traditions and follows a strict code of rules. Primary education and secondary education institutions are publicly-funded. If we talk about European countries, students in the UK until the age of sixteen years are entitled to a free place at a state school compared to the private education sector which is expensive. There are four main types of state schools in the UK such as the community school, foundation school, trust school and voluntary-aided schools. Community school is run by the local authority and is linked with the local community which also offer childcare and adult learning classes. Foundation schools are self-run school that employs the staff and has its own admissions criteria. Trust school is another type of foundation school which forms a charitable trust with an outside partner. Voluntary-aided schools are religious schools run by the local authority.

Secondary-school education starts at the age of 11 to 14 and are educated on various subjects such as English, Maths, Science, Design and Technology, Information and Communication Technology (ICT), History, Geography, Modern Foreign Languages, Art and Design, Music, Citizenship, Physical Education, Careers education and guidance, Sex and Relationship Education and Religious education. After graduating from the secondary school, students may choose to either leave school or continue with their education. They may continue at vocational or technical colleges, or pursue higher education in various universities.

The market for technical and vocational education has witnessed a steady growth over the recent years. People are interested in technical and vocational courses, thereby; institutions are employing more workforce in this sector. The increase in digitization in technical and vocational education with advanced technology, many of the trainers are improving the delivery of vocational and technical education through online and offline platforms. Classroom-based training is still the dominant method of teaching in UK rather than online training. PCs, tablets and smartphones are used to improve distance learning programs. The increase in technology in technical and vocational training has motivated the large chunk of the population to use educational software solutions, virtual learning platforms, simulations, and interactive multimedia content in the education market.

According to “Education Business Review”, education market is constantly growing due to the increase in public and private institutions, ministries of education, government agencies, and educational and testing companies. There is a stiff competition between public and private educational institutes with an intention to draw faculty, students, research funds, and business partners for association. Increased in internet penetration, internet connectivity, privacy of cloud based resources, replacement of device based computing, personalization of technology, introduction of mutual and online learning are the key factors driving the education market in the country. Agreements, partnership, new technological developments and ease of deployment are the major opportunities for education market. Thus, the increasing competition is mounting high pressure on already established universities’ business models.

Software solutions provided in the education market are segmented into campus technology, data security and compliance, student and curriculum, performance management, content and collaboration and other solutions. Various hardware devices that are technological advanced in education market are tablets, PCs, projectors, interactive white boards, and printers which play an important role in enabling educators and student to capture leading opportunities. The other services offered in an education market are consulting, advisory, implementation, training and other support services. Education market is segmented into private colleges, community colleges and state universities.

Education industry has doubled over the recent years due to huge support for research functions in higher education institutions. Primary, secondary, and higher education institutions are getting public support that helps to manage with possible fluctuations in revenue caused by Brexit. Increase in the higher education cost, decreased government funding and difficulty in adopting server based computing may pose major challenges in the  education market over the next few years.

To know more, click on the link below:

https://www.kenresearch.com/education-and-recruitment/education/SC-99-81.html

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Indonesia Pharmacy Retail Market is Driven by Growing Demand for Generic Drugs and Expansion of Organized Pharmacy Retail Chains: Ken Research

Implementation of JKN (National Health Insurance System) by the government, growing foreign investment in pharmacy retail sector, expansion of product portfolio by major pharmacy retail chains were the key factors driving growth in Indonesia pharmacy retail Market.

Indonesia healthcare market has shown a positive incline during 2012-2017 but with respect to the expanding population of Indonesia, the market is still underserved especially in the underdeveloped and rural areas as of 2017. The report titled “Indonesia Pharmacy Retail Market Outlook to 2022 - By Pharmacies & Drugstores and By Region (Central Java, East Java, West Java, North Sumatra, Jakarta and Others)” by Ken Research suggested a growth at a CAGR of 8.9% in revenue in Indonesia pharmacy retail Market by 2022

Indonesia pharmacy retail sector is in the mid to late growth stage with the presence of over 35,000 drugstores and pharmacies. Both private as well as public pharmacy retail companies have entered the market over the past five years to tap the potential in this sector. Furthermore, already established players such Guardian Pharmacy, Kimia Farma, Apotek K-24 have increased their number of pharmacy retail outlets over the period 2012-2017. The number of pharmacies operated by Guardian pharmacy reached over 300 in 2016 whereas for Kimia Farma, the number of pharmacies increased from over 500 in 2013 to over 800 stores in 2016. Over 2012-2017, the number of pharmacies & drugstores has inclined at a positive CAGR. Major organized chains have invested in expanding their capabilities by focusing on value added services such as home delivery, prescription records, and medicine consumption reminder services in order to become a one stop solution for all pharmacy needs of the customer.

The implementation JKN scheme has led to an increased demand for generic drugs as the government has mandated the use of generic medicines due to lower cost of drugs.
The market is expected to witness an increase in demand for nutritional products and dietary supplements due to sedentary lifestyle and expansion of online retail sales channel to increase accessibility in the market.

For more information on the research report, refer to below link:-
https://www.kenresearch.com/healthcare/pharmaceuticals/indonesia-pharmacy-retail-market/143544-91.html

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Vietnam Third Party Logistics (3PL) Market Research Report to 2022: Ken Research

How Vietnam 3PL Market is Positioned?

In Vietnam, 3PL started with small enterprises in the early 70’s, who tried to outsource parts of their business operations to outside service providers. These service providers eventually expanded their geographical coverage, facilities and commodities; as well as updated their warehousing and transportation. Compared to other parts of the world, logistics industry in Vietnam is still in its developing phase, as supply chain processes for instance procurement, transportation, warehousing and delivery are not executed in an integrated manner.

In terms of revenues, Vietnam 3PL Market was evaluated at USD ~ billion in the year 2011, which witnessed an increase to USD ~ billion in the year 2017, thus growing at a six year CAGR of ~% in the review period 2011-2017. Logistics outsourcing aids businesses by reducing capital and overall costs; improving customer service and lastly helps in developing business relationships with clients. 3PL providers can offer a variety of services to companies seeking to outsource logistics functions in Vietnam majorly including domestic transportation, international transportation and warehousing. Most of the foreign firms operating in Vietnam such as Maersk Logistics, APL Logistics, NYK Logistics and MOL Logistics were observed to offer 3PL or 4PL services whereas, Vietnamese domestic firms could only handle 2PL services. In Vietnam, large scale companies such as DHL, Kuehne + Nagel or DB Schenker were witnessed to be the leading suppliers of 3PL services.

Vietnam 3PL Market Segmentation

By Market

The freight forwarding segment within Vietnam 3PL market dominated with a massive revenue share of ~% in the year 2017. The growth of E-commerce industry in Vietnam is one of the major driving forces for the 3PL freight forwarding owing to increase in demand for fast delivery, efficient inventory management and individualized shipping time. In Vietnam, 3PL market vendors are focusing on providing international freight management and customs brokerage with their extensive knowledge of import-export processes and international regulations, thereby leading to increase in demand for 3PL freight. On the other hand, the warehousing segment within Vietnam 3PL market was witnessed to capture the remaining revenue share of ~% in the year 2017. 3PL warehousing companies in Vietnam handles all aspects of shipping a particular product from anywhere in the world to their facilities and then straight into customers hands.

By Companies

International companies operating in Vietnam 3PL market has clearly established themselves as market leader by capturing a whopping revenue share worth ~% in the year 2017. Major international players operating in third party logistics segment include VN Post, Viettel Post, GHN, GHTK, DHL Logistics, Damco, FedEx, APL, Gemadept, Vinafco and Transimex Saigon. On the other hand, domestic 3PL players captured the remaining revenue share of ~% in Vietnam 3PL market in the year 2017.

Competitive Landscape in Vietnam 3PL Market

Third-party logistics outsourcing is rapidly gaining importance in the country as more and more corporations across the world are unable to manage their complex supply chains and hence are outsourcing logistics activities to the 3PL service providers. Competition within the logistics industry is ramping up due to tightened capacity along with increased consolidation within the supply chain arena, which has resulted in fewer partners for 3PLs and increased prices. The companies operating in Vietnam 3PL market are competing with each other by offering multiple value added services to the customers. The leading companies in the segment are DHL, Damco, Vinafco, Transimex Saigon and others.

Vietnam 3PL Market Future Outlook and Projections

Over the forecasted period, Vietnam 3PL market is expected to generate revenues worth USD ~ billion by the year ending 2018 owing to a rising trend for both local and multinational enterprises to outsource logistics functions to 3PL services providers. It has been expected that industrial activities in the country will expand, which will result into growing opportunities for the foreign players. This will positively impact the 3PL market as these companies will require third party logistics partners for handling their supply chain management. Vietnam 3PL market is estimated to generate revenues worth USD ~ billion by the year ending 2022, thus growing at a CAGR of ~% in the forecast period 2018-2022. Additionally, in the coming years, 3PL companies will be emphasizing more on the technological upgradation to engage with the customers such as ERP and SCM and the trend of Fourth-party logistics (4PL) will be emerging in future to support the 3PL business in the country.

For more information on the research report, refer to below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/vietnam-3pl-market/145653-100.html

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