ReleaseWire Connect

Due to factors, like strong demand for prepared foods and good economic growth, the US convenience store market will grow at the CAGR of 7.6% during 2011-2013, RNCOS identified.

With large consumer base and increasingly changing food appetite, China’s fast food market will surge at a CAGR of 13% during 2011-2014, RNCOS identified.

Rapid lending growth and increasing banking penetration will assist growth of the Russian banking assets at a CAGR of around 14% during 2011-2014, says RNCOS.

With increasing private sector investments and positive growth in infrastructure, production of stainless steel will surge at a CAGR of 6% during 2008-09 - 2012-13, RNCOS acknowledged.

Backed by factors, like improving awareness and increasing health insurance penetration, the Indian healthcare market is likely to grow at the CAGR of 14% during 2010-2013.

According to our new research report “Russia IT Industry Analysis” the Russian information technology industry, though small in terms of global standards, is presently one of the rapidly growing industries in the world due to its fundamental benefits of low cost and high expertise. Not only domestic demand, but also exports considerations boosted the industry’s growth fundamentals and positioned Russia as a regional hub of IT industry developments. Especially, packaged software market orchestrated phenomenal performance and grew manifold during the last few years. The research further revealed that the spending on packaged software will continue to witness robust growth in near future and the market will register 18.8% CAGR growth during 2011-2014.

According to RNCOS research report, Middle East retail industry will grow at a CAGR of around 13% during 2009-2013.

South Africa represents the largest retail industry in the Sub-Saharan region and ranked as the 20th largest retail market worldwide. The retail market has benefited from the strong consumer confidence and high public spending on both food and non-food items. We have found that the non-food retailing will grow at faster pace than food retailing, with high spending on technical consumer goods. As per our research report “South African Retail Industry Forecast to 2013”, the non food retail sales in South Africa is expected to grow at a CAGR of around 5% during 2010-2014.

According to our research report “Saudi Arabia Insurance Market Analysis” non-life insurance sector in Saudi Arabia insurance market is emerging with growing demand for marine, motor, and property insurance. Although motor and property insurance dominate the non-life insurance business in the country, marine insurance is expected to grow in the coming years. To minimize their loss, people are improving their risk aversion capability by taking marine insurance. Moreover, marine insurance is expected to grow at a CAGR of around 19.5% during 2010-2012.

Total steel consumption in the UAE is projected to reach 11 Million Metric Tons by 2013, says RNCOS in its research report.