16th August, 2012
KUALA LUMPUR: Multimedia Development Corporation (MDeC) foresees better growth in MSC Malaysia this year, says its Chief Executive Officer Datuk Badlisham Ghazali.
He believed the higher growth percentage would be achieved in Southeast Asian countries.
“However, the growth could slow down this year due to uncertainties in the global economy, but we believe the growth rate for MSC will be better than last year,” he told reporters at the Information Technology (Infotech) Cluster media update yesterday.
He said last year was MSC Malaysia’s best ever year with a record revenue of over RM30 billion.
“The Infotech cluster accounted for nearly half the revenue with a total of RM15.36 billion while Shared Services and Outsourcing contributed RM9.1 billion.
“The Creative Multimedia cluster contributed a revenue of RM6.1 billion while Institutes of Higher Learning and Incubators accounted for RM1.1 billion,” he said.
Badlisham said key contributors to Infotech’s revenue were consumer software, security telecom and networking, supply chain management, operations and manufacturing apps, enterprise resource planning or enterprise resource management and banking, financial services and insurance.
“We are very pleased with the latest performance of Infotech cluster as it is a reflection of the fact that our ICT sector has reached a level of maturity.
“Amidst the uncertain global macroeconomic scenario, our ICT companies exhibited resilience and adaptability in continuously reinventing themselves to retain their appeal to clients,” he said.
Badlisham said spending on information technology products and services by enterprises in the Asia Pacific were expected to grow by eight per cent and would exceed US$367 billion in 2012.
Malaysia’s enterprise IT spending was expected to reach RM31.5 billion in 2012, up 6.1 per cent over 2011.
“This is good news for us as these significant developments in 2011 have set the tone for 2012 and 2013. Thus, we are geared to ensure that our companies are deploying the right go-to market strategy to capture this opportunity,” he said.
Last year, MSC Malaysia recorded a Gross Domestic Product of RM9.6 billion against a projected target of RM 8.7 billion, an increase of 25 per cent over 2010.