UPS mkt to see massive growth
According to a analysis by Frost & Sullivan, the UPS market worth $544.4 million in 2007 is estimated to reach $1,316.5 million in 2014.
This is a compound annual growth rate (CAGR) of 13.4% up to 2014. “Most of the demand will come from sectors like banking, financial services and insurance (BFSI), retail IT and Information Technology enabled services (ITeS), manufacturing, and infrastructure,” said the report. “The market offers tremendous opportunity for companies to introduce better products at competitive prices with after- sales service.”