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The Malaysia software services market is booming, with a projected value of USD 7.9 billion by 2027, growing at a CAGR of 10.7%. This growth is fueled by factors like government initiatives, digital transformation, and rising demand for cloud-based solutions.
The Malaysian government is a major player in the software services market, with annual spending of over USD 1 billion. This spending is driven by the need to improve efficiency, transparency, and citizen services.
The government primarily procures software services in the following areas:
Enterprise Resource Planning (ERP)
Customer Relationship Management (CRM)
Data Analytics and Business Intelligence
Cybersecurity
Cloud Computing
E-Government Solutions
The main government agencies responsible for software services procurement are:
Malaysia Digital Economy Corporation (MDEC)
Ministry of Finance (MoF)
Public Service Department (PSD)
National ICT Initiative (NICI)
Some of the top winners of government software services contracts include:
Microsoft Malaysia
SAP Malaysia
IBM Malaysia
Hewlett Packard Enterprise (HPE)
Accenture Malaysia
NTT Malaysia
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