The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: Malaysia's IT market has considerable growth potential throughout the medium term, with
opportunities weighted towards software and services, where enterprise demand is expected to be strong.
Meanwhile, the hardware segment has a mixed outlook due to increased threat of smartphones
cannibalising retail PC sales. Even so, the market will be much stronger in the medium term than it was in
2015,when IT hardware spending declined sharply due to the combination of ringgit depreciation and the
introduction of the Goods and Services Tax. We forecast total IT spending will increase at a CAGR of 5.7%
throughout 2016-2020 to MYR24.4bn in 2020.
Latest Updates & Industry Developments
? Computer Hardware Sales: MYR8.5bn in 2016 to MYR9.6bn in 2020, a compound annual growth rate
(CAGR) of 3.0%. Outlook downgraded in Q4 update as tablet demand cannibalisation by smartphones
escalated with a further decline in PC sales in H116 reported by local retailers.
? Software Sales: MYR4.3bn in 2016 to MYR5.6bn in 2020, a CAGR of 6.6%. Large enterprise and SME
software investment outlook is strong, respectively underpinned by complex solution demand and cloud
? IT Services Sales: MYR6.7bn in 2016 to MYR9.2bn in 2020, a CAGR of 8.4%. Increasing adoption of
outsourcing, cloud computing and Internet of Things applications by enterprises support a strong segment