Ict Industry In Malaysia

Pikom the national ict association of malaysia is the association representing the information and communications technology ict industry in malaysia.

Ict industry in malaysia. Woon pointed out that between 2016 and 2017 there was only a 0 1 increase in the share of the ict industry to the economy. Ict and fintech to malaysia trends and opportunities the market. Association of the computer and multimedia industry malaysia 1. 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 malaysian ict subsector is one of the country s largest economic subsectors. Malaysia aspires to be a developed nation by 2025. Overall in 2017 the ict industry contributed rm247 1 billion or 18 3 to the malaysian economy. The share of e commerce of non ict industry to gdp was at 5 1 which is about rm68 9 billion.

The government of malaysia identified key digital areas to drive ict sector. To nurture high value adding research development and innovation activities in ict segments in micro electronics nano technology mems bio informatics cyber security cloud. Malaysia ict covid 19 economic impact assessments stay updated on how some of the world s most promising markets are being affected by the covid 19 pandemic and what actions governments and private businesses are taking to mitigate challenges and ensure their long term growth story continues. To increase the contribution of ict services in trade.

Information and communications technology ict is an extensional term for information technology it that stresses the role of unified communications and the integration of telecommunications telephone lines and wireless signals and computers as well as necessary enterprise software middleware storage and audiovisual systems that enable users to access store transmit and manipulate. 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. Key sectors include government. Its membership currently stands at over 1400 comprising companies involved in a whole spectrum of ict products and services which commands 80 of the total ict trade in malaysia.

To increase ict contribution to 17 by 2020. Cloud internet of things iot data analytics cybersecurity data center e commerce and artificial intelligence ai being the main drivers for industry 4 0 and smart city development. 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.