The region, driven by strong growth from China, India and Indonesia, is expected to see a compounded annual growth rate (CAGR) of 18.8 per cent from US$7 billion in 2007 to $13 billion in 2011.
The United States though is expected to see similar growth at 16.1 per cent to $35 billion during the same period, with the EMEA region reaching almost $22 billion.
