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"Cyber-Security Market - Global Forecast & Trends (2012 - 2017) (Identity & Access Management, Risk & Compliance Management, Data Encryption, Data Leakage Prevention Solution, Data Recovery Solutions, UTM, Anti-Virus, IPS/IDS, Web Filtering, Fire-Wall, Vulnerability Management) Advanced Technologies, Geographical Analysis & Competitive Landscape"

BMI View: Kazakhstan's construction industry is forecast to post strong growth in 2012, driven by demand for the country's resources. Year-on-year (y-o-y) growth is at 6.0% for 2012 rising as high as 9% by 2014. The industry value is expected to increase from US$15.2bn in 2012 to US$29.2bn by the end of our forecast period in 2016. Despite strong growth figures, long-term political stability does raise some potential issues for the country.

BMI is forecasting a recession in Iran in 2012 and 2013 as the Middle Eastern country struggles to maintain itself economically in the face of sanctions against its crude oil exports, the primary source of revenue in the country. Despite this, BMI's Shipping team projects growth at the country's primary container port Bandar Abbas, albeit at less than 1%. The sanctions against the export of Iranian crude are having wider reverberations, and are redrawing shipping lanes as importers of Iranian crude look to other markets to provide their energy needs.

BMI View: Colombia's IT market is forecast to increase to US$3.0bn in 2012, up by around 11%, with our five-year forecast upwardly revised from Q212. Colombian IT spending is projected to grow at a CAGR of 12% during 2012-2016, driven by government ICT initiatives and improving infrastructure. The consumer-driven economic boom of recent years may have come to an end, but rising incomes and greater computer affordability will result in more spending on IT products and services. Percapita IT spend is projected to rise by 47% from US$59 in 2012 to US$92 by 2016.

If consumer lending maintains the downward trend followed for much of 2011, we also expect minimal growth in passenger car sales, although we do believe positive growth can be achieved from the low base in 2011.This is perhaps reflected in growth of manufacturers of smaller cars. Kia Motors continues to be one of the strongest brands in terms of sales, posting growth figures of 21.1% y-o-y in the first five months of 2012. The South Korean brand has also raised its market share to 4.5%. While Ford Motor continues to lead the market, with stable growth of 4.4% in the first five months of 2012, the biggest gain among the Detroit Three again came from Chrysler, which increased its sales by 8.7% year-on-year (y-oy), and expanded its market share from 14.5% at the end of 2011 to 15.2% in this period.

BMI View: Weakening economic activity, deteriorating credit quality, external deleveraging effects and concerns over government policy will together weigh heavily on the performance of Hungarian banks in 2012, and in turn their capacity to support the country's broader economic recovery. While an IMF deal is expected to be reached by the government within the next couple of months, which should help to underpin broader stability, this will not wholly mitigate the headwinds facing the Hungarian commercial banking sector. Banks' ability to generate profits is already severely constrained, and we believe the need will arise for additional capital raisings further down the line. Hungary's banking sector faces an extremely challenging 2012. While we hold to our view that the government will obtain a new IMF Stand-By Arrangement deal within the next few months, which should help to bolster broader economic and financial stability, banks face myriad economic and policy risks which will not disappear overnight. Recent data released by the Magyar Nemzeti Bank (MNB) highlight the ongoing weaknesses in the domestic banking sector (see chart below), and in light of a deteriorating macroeconomic backdrop, we have been prompted to downgrade our forecast for loan growth in 2012 to just 2.0% from 5.0% previously. Similarly, asset growth will come in at just 1.0%, down from 4.0% previously. Below we highlight the major headwinds facing the industry over a medium-term time horizon. Faltering Economy: Hungary's economy is set to contract by 1.5% this year owing to a combination of tighter government policy, faltering eurozone economic activity and deleveraging by foreign parent banks (see below). While a new IMF deal should help to stabilise financial markets, it is unlikely to stimulate business or consumer confidence for the foreseeable future (particularly given the private sector's stillsizeable stock of external debt). In turn, this will weigh on overall demand for new credit, while rising bankruptcies and unemployment as well as higher interest rates will see to it that banks' asset quality continues to weaken. Deteriorating Credit Quality: According to the most recent data released by the MNB, banks' asset quality deteriorated at an alarming rate in the first two quarters of 2011 (most recent data available). Indeed, non-performing loans within the corporate sector (as a percentage of total loans) hit 16.0% in the second quarter of 2011, up from 13.6% in Q111 and 12.5% in Q410. Similarly, non-performing loans within the household sector rose to 12.8% as of Q311, up from just 9.4% in Q310 (see chart below). This will demand greater loan-loss provisions by banks, which in turn will erase any potential for profit in the domestic market. While banking capital as a percentage of total liabilities remains above the 8.0% level, we see strong scope for banks needing to raise new capital further down the line. External Deleveraging: We

BMI View: The expectation for a strong grain harvest in Algeria in 2012/13 has not mitigated concerns over food price inflation, which reached 14% year-on-year (y-o-y) in March. That said, much of this inflation is due to rising prices for meat, legumes and fish; grain price inflation had only approached 6% y-o-y in March. Ultimately, the country's food security is likely to remain fairly stable once the harvest comes online in June. Over the long term, we expect Algeria to remain a large player in the wheat import market, as a growing population means that average consumption will most likely outpace production growth. We expect most of these imports to be supplied by the 27 European Union member states and countries from the Black Sea region.

BMI's Qatar real estate report examines growth opportunities and risks in this fast-growing Gulf market. Our 2012 forecasts see a 5-10% rise in rents in the office, retail and industrial rental segments of our three surveyed cities: Doha, Al-Khor and Al-Wakra. The Qatari industrial sub-sector is limited by the shift away from rentals and towards direct development. Qatar's office and retail segments are growing fast and present bullish medium-term prospects, despite the fact that 2011 saw large falls in rental rates in these segments, particularly in Doha. The tourism sector presents significant growth potential, despite its nascent stage, suggesting that the retail segment will be less likely to suffer from oversupply than the office segment.

Although attitudes towards tanning vary, consumers in all regions are increasingly looking to avoid sun damage, with rising levels of awareness driving sun protection sales across the globe. Developed markets are reaching saturation, but innovative product developments are keeping sales buoyant. With the lines blurring between skin care and sun care, sun care needs to keep health benefits at the forefront of development and marketing, while delivering the beauty benefits of skin care.

Continued price competition between the largest carbonate brands caused a decline in year-on-year unit prices in current terms. The trend that started in 2004 with the introduction of Kola Real, an economy cola brand from Industrias San Miguel del Caribe SA, only accelerated in 2011. As carbonate manufacturers continue to compete for space on the shelves of the independent small grocers (which provided 75% of the sales of carbonates in volume terms), price wars have resulted in an almost...

Retail value sales of analgesics in the UK declined marginally in 2011, to GBP518 million. The overall category continues to suffer in value terms from the growth of private label. Consumers are becoming increasingly canny about the type of products which are available and are increasingly willing to purchase on ingredient rather than brand name.

The economic downturn and maturity were the key reasons behind bottled water registering total volume growth of just 1% in 2011. With per capita consumption being among the highest in Europe, it was very difficult for manufacturers to increase sales. As a result, companies focused on growing sales of carbonated water and increasing their promotions and advertising to maintain share

"AltaGas Ltd." Analysis Across the Oil and Gas Value Chain is an essential source for data, analysis and strategic insight into "AltaGas Ltd.". The report provides key information relating to oil and gas assets of the company along with its operations across the value chain. The report examines the company's business structure, operations and products, and provides an analysis of its key revenue lines.

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Poland. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the natural gas assets (gas fields, pipelines, LNG terminals and underground gas storage facilities) in Poland. The report compares the investment environment in Poland with other countries in the region. The profiles of the major companies operating in the natural gas sector in Poland together with the latest news and deals are also included in the report.

GlobalData's clinical trial report, "Venous Leg Ulcers Global Clinical Trials Review, H1, 2012" provides data on the Venous Leg Ulcers clinical trial scenario. This report provides elemental information and data relating to the clinical trials on Venous Leg Ulcers. It includes an overview of the trial numbers and their recruitment status as per the site of trial conduction across the globe. The databook offers a preliminary coverage of disease clinical trials by their phase, trial status, prominence of the sponsors and also provides briefing pertaining to the number of trials for the key drugs for treating Venous Leg Ulcers. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData's team of industry experts.

Elixir Medical Corporation (Elixir Medical) is a medical device company, based in the US. The company develops drug eluting stent systems for localized drug delivery for the treatment of cardiovascular diseases. Its product pipeline includes coronary stent systems, stents for small vessels, drug eluting stent systems, fully absorbable drug eluting scaffold systems and drug eluting balloons. Elixir Medical develops drug eluting stent platforms using biodegradable polymers, durable polymers and release technologies. The company markets its product through brand DESyne, DESolve and Core. Its next-generation drug-eluting stent systems are designed to optimize local drug delivery to provide a safe and effective treatment for cardiovascular diseases. Elixir Medical is headquartered in Sunnyvale, California, the US.

Bolton Medical, Inc. (Bolton Medical) is a medical device company, based in the US. The company designs, develops, manufactures and distributes endovascular devices. Its products include endovascular devices, interventional coronary, peripheral and accessories. The company provides Thoracic Endovascular Stent Grafts called Relay NBS Thoracic Stent Grafts and Relay Plus, which is designed for the thoracic aorta, when treating aneurysms and dissections. Its products offered by the company are certified with CE mark. The company operates as a subsidiary of Werfen Hospital Group. It has a wide distribution network in more than 12 countries worldwide. Bolton Medical is headquartered in Florida, the US.

Skyline Diagnostics BV (Skyline Diagnostics) is a pharmaceutical and healthcare company, based in the Netherlands. It develops and commercializes microarray-based diagnostic tests using molecular signatures for personalized medicine in the field of oncology. The company's product pipeline includes acute lymphatic leukemia profiler, multiple myeloma profiler and brain profiler. Its AML profiler simplifies the challenging task to recognize acute myeloid leukemia subtypes and make individualized therapy decisions. Skyline Diagnostics partners include Affymetrix, Crosslinks, Iperion, Rescop and Myraqa. Its technologies include personalized medicine in cancer and microarray technology. The company was incorporated in the year 2005. Skyline Diagnostics is headquartered in Rotterdam, the Netherlands.

This report gives detailed information on the Yemen power market. It examines the country's power market structure and provides historical and forecast numbers for generation, capacity and consumption up to 2030. Detailed analysis of the market's regulatory structure, import and export trends, competitive landscape and leading active and upcoming power projects is provided. The report also analyses the power sector of the country on 6 broad parameters which include supply security, regulatory scenario, infrastructure, macroeconomics, competition and future potential of the power sector. Each parameter has a weight assigned, and a weighted average score is calculated to obtain the country ranking in the Middle East region.

GlobalData's clinical trial report, "Portal Hypertension Global Clinical Trials Review, H1, 2012" provides data on the Portal Hypertension clinical trial scenario. This report provides elemental information and data relating to the clinical trials on Portal Hypertension. It includes an overview of the trial numbers and their recruitment status as per the site of trial conduction across the globe. The databook offers a preliminary coverage of disease clinical trials by their phase, trial status, prominence of the sponsors and also provides briefing pertaining to the number of trials for the key drugs for treating Portal Hypertension. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData's team of industry experts.

GlobalData's new report, "Denmark Neurology Devices Market Outlook to 2018 - Interventional Neurology, Neurological Diagnostic Equipment, Neurostimulation Devices and Others" provides key market data on the Denmark Neurology Devices market. The report provides value (USD million), volume (units) and average price (USD) data for each segment and sub-segment within five market categories - CSF Management, Interventional Neurology, Neurological Diagnostic Equipment, Neurostimulation Devices and Neurosurgical Products. The report also provides company shares and distribution shares data for each of the aforementioned market categories. The report is supplemented with global corporate-level profiles of the key market participants with information on company financials and pipeline products, wherever available.

Proving up Black Sea and Mediterranean deposits is a priority for Turkey, as this will enable it to reduce its dependence on imported fuel, particularly from Russia where pricing disputes are the order of the day. Turkey remains part of the gas transit equation, which gives it extra negotiating power when it comes to purchase agreements.

The Serbian Retail Report examines the long-term potential of the local consumer market, but flags shortterm concerns about the impact on Serbia's economic outlook of fiscal austerity measures.

The Solar Energy Market in China is part of Netscribes' Power Industry Series reports. The market will be boosted by the increasing demand for energy coupled with planned transformation from conventional to renewable energy sources.

The Electric Vehicle Market in China is part of Netscribes' Automobile Industry Series reports. Led by supportive government policies the electric vehicle market in China is expected to witness robust growth.