Malaysia Enterprise Applications Forecast, 2015–2020
This IDC study examines the Malaysian enterprise applications market, which is forecast to grow at a CAGR of 3.9% to reach MYR1.299 billion by 2020, driven by factors such as the increased adoption of enterprise applications by SMBs and demand for mobile-enabled applications. The demand for public cloud (at a CAGR of 8.4%) is growing faster than on-premise/other software markets (at a CAGR of 2.8%), but medium to large-sized organizations from industries such as government, telco, financial services, and manufacturing are still demanding for on-premise software applications. This is mainly due to government compliance issue with the Personal Data Protection Act (PDPA) and Bank Negara Malaysia regulation on the type of data that can be stored on the public cloud. "The overall business landscape is getting more competitive, and organizations are placing extra emphasis on improving business efficiency. By leveraging EA capabilities and integrating these applications within their portfolios of IT solutions, organizations will be able to improve efficiency and ultimately accelerate growth," says Ng Quan Xiong, associate market analyst, IDC Enterprise Applications. "In addition, the EA market will continue to grow and evolve in Malaysia, with the adoption of public cloud outpacing on-premise deployment."