Boston, MA -- (ReleaseWire) -- 08/08/2012 -- BMI View: Malaysian IT spending is expected to reach US$5.2bn in 2012, up 6%, despite the economic headwinds from the Eurozone and the US. Demand is expected to stay resilient overall, even as economic growth moderates. There should be several areas of opportunity, particularly in key spending verticals such as telecoms, and a new government Digital Malaysia Plan is expected to be unveiled in 2012.
Spending on IT products and services should be boosted by growing interest in cloud computing, and ICT-friendly budget measures, but much will depend on confidence in a sustainable economic recovery.
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Headline Expenditure Projections
Computer hardware sales: US$2.6bn in 2011 to US$2.7bn in 2012, +5% in US dollar terms. Forecast in US dollar terms unchanged, despite an expected moderation in economic growth and PC sales will be supported by the government's push for greater broadband penetration.
Software sales: US$812mn in 2011 to US$871mn in 2012, +7% in US dollar terms. Forecast in US dollar terms increased due to analyst modification and E-business applications such as enterprise resource planning (ERP) and CRM are becoming increasingly popular in the business market.
IT Services sales: US$1.5bn in 2011 to US$1.6bn in 2012, +8% in US dollar terms. Forecast in US dollar terms unchanged with government accounting for about 15% of Malaysian IT spending.
Risk/Reward Ratings: Malaysia's score was 51.7 out of 100.0. Malaysia ranks fifth in our latest Asia RRR table, behind developed markets such as Singapore and Australia, but ahead of ASEAN regional peers such as Thailand, Philippines and Vietnam. Its overall rating was boosted by relatively high 'country structure' and 'market risk' scores.
Key Trends & Developments
- In 2012 the government is expected to launch its latest Digital Malaysia Masterplan to drive the next stage of development of Malaysia's ICT sector. The plan will propose a number of measures to strengthen Malaysia's ICT ecosystem, including talent development, as well as stimulating demand by consumers and businesses for ICT products and services. Encouraging the creation of more local applications for cloud computing is expected to be one focus of the Digital Malaysia plan. The government's plan to develop a national cloud computing programme should also drive opportunities in this key emerging area for vendors
- In 2012 Malaysian PC sales will be supported by the government's push for greater broadband penetration, for which an optimistic target of 75% by 2015 has been set. Malaysia's IT market is distinguished by a marked digital divide, which effectively creates two separate markets. In the Klang Valley area around Kuala Lumpur, a mature urban population surpasses even some developed nations in terms of IT adoption on some indicators.
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