Just Simply Education


98 review million in 2019 to US$ 384. 38 million by 2027; it is estimated to grow at a CAGR of 8. 9% from 2020 to 2027. New York, Nov. 27, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Asia Pacific Construction Accounting Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component, Deployment Type, and Application" - https://www.reportlinker.com/p05989498/?utm_source=GNW The expansion of construction industry is bolstering the growth of APAC construction accounting software market.The construction accounting software market growth is maximum in China and India. The start of 2020 has been unfavorable for the construction accounting software market due to the outbreak of COVID-19.Although, the third quarter of 2020 likely saw an upturn in construction activity, the projects in construction sector for the last quarter will depend upon the effect of pandemic on sub-contractors and suppliers in the supply chain. Across APAC, construction activity is expected to remain flat in 2020, with growth in private housing and infrastructure, offsetting falls in industrial, commercial, and health sectors.With this growth in infrastructure and private housing, construction output would increase in the 3rd and 4th quarter of 2020. With a notable rise in construction activity following the pandemic, this year the construction accounting software market would grow at a steady pace. Private housing yield rose in each of the last five years, and it is expected to continue to grow in 2021 despite a slowdown in property transactions and the continued falls in the prime housing market due to the COVID-19 pandemic. The growth of construction industry is maximum in the China and India.



A sign of Foxconn is seen inside its office building in Taipei, Taiwan Nov. 12, 2020. (Reuters photo) The development comes as the outgoing administration of US President Donald Trump encourages US firms to shift production out of China. During Trump's tenure, the United States has targeted made-in-China electronics for higher import tariffs, and restricted supplies of components produced using US technology to Chinese firms it deems a national security risk. Taiwanese manufacturers, wary of being caught up in the tit-for-tat trade war, have moved or are considering moving some production from China to countries such as Vietnam, Mexico and India. "Foxconn is building assembly lines for iPad tablet and MacBook laptop at its plant in Vietnam's northeastern Bac Giang province, to come online in the first half of 2021,'' the person said, declining to be identified as the plan was private. "The lines will also take some production from China,'' the person said, without elaborating how much production would shift. "The move was requested by Apple," the person said. "It wants to diversify production following the trade war." Foxconn said in statement: "As a matter of company policy, and for reasons of commercial sensitivity, we do not comment on any aspect of our work for any customer or their products". Apple did not immediately respond to a request for comment. Taiwan's Foxconn, formally Hon Hai Precision Industry Co Ltd, on Tuesday announced a $270 million investment to set up a new subsidiary called FuKang Technology Co Ltd -- a move the person said was aimed at supporting the Vietnam expansion.

Posted in