Outsourcing industry set to double in growth by 2017

Good job: (From left) PIKOM chairman Woon Tai Hai, IAOP Chairman Michael Corbett and Wong unveiling the research finding during the event.

OUTSOURCING Malaysia (OM), an initiative under the National ICT Association of Malaysia (Pikom), recently said the outsourcing industry in Malaysia was set to double in growth by 2017 with a Compound Annual Growth Rate (CAGR) of 15% from its current 2012 revenue of US$1.7bil.

OM released its second industry report titled ‘Malaysia’s Global Services Outlook’ in conjunction with the four-day Asia-Pacific Outsourcing Summit (APOS) in Iskandar, Johor. The research findings by leading B2B market researcher Valuenotes were commissioned by OM to provide insights into the industry in Malaysia.