Ict Industry In Malaysia

Hybrid both the ict and financial industry in malaysia as a home grown ict equipment leasing and rental company our expertise is to satisfy your needs through our affordable range of products and services suited to your event or business.

Ict industry in malaysia. World class companies such as dhl hsbc ibm intel motorola nokia shell unisys and others have set up their base of regional and global operations in malaysia. Malaysia s ambition to become a developed nation will ensure that the ict sector continues to remain in the limelight. Top 10 ict companies in malaysia. With 20 6 million internet users in 2015 source.

Ict background in malaysia1996 malaysia has invested heavily to develop multimedia super corridor msc which assisted as thehigh speed backbone in the country that connects malaysia to japan usa and europe and aseancountries 1the msc has set the platform to build a competitive cluster of local ict companies and ict industry the primary focus of these companies is software development for. Internet world stats 2016 the malaysian information communication technology ict market has strong growth fundamentals including rising incomes and a high tech focused national development plan. The focus on the ict sector has increased as it is the key enabler of digitalisation considered to be an economic catalyst influencing gdp growth. As reported in pikom s ict strategic review 2018 2019 published in november 2018 the industry grew by 10 3 year on year in 2017 to contribute rm247 1 billion or 18 3 to the national economy.

The government of malaysia identified key digital areas to drive ict sector. The ict industry in malaysia continues to grow in size and distribution to the economy albeit at a pace slower than the desired rate to reach 20 0 of national gross domestic product gdp by 2020. The information and communication technology ict market in malaysia is set to grow at a compound annual growth rate cagr of 8 9 between 2019 and 2023. This growth from 2018 us 16 5 billion to us 25 2 billion in 2023 will mainly be supported by the rising adoption of client computing and cloud computing according to a leading data and analytics company.

The eleventh malaysia plan focuses on ict as an imperative enabler for a knowledge economy especially in the areas of industry infrastructure human capital and digital inclusion. These enablers increases productivity through innovation hence enhances competitiveness and wealth creation. Key sectors include government telecoms finance health and education.