Many firms yet to tap into Asean ICT market


Leo: ‘We are focused on moving up the value chain and to position ourself in Malaysia and in the region as a fully integrated solutions company.’

PETALING JAYA: According to a study commissioned by the Malaysia Digital Economy Corporation (MDEC) and conducted by the International Data Corp (IDC), the Asean ICT Market is estimated to be worth US$48bil (about RM198.7bil) by 2019.

However, many local technology companies have yet to fully capitalise on the immense potential of the Asean market.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , mdec0702 , Asean , ICT , market , Lee , Yong , Scicom , IFCA MSC , GHL ,

   

Next In Business News

Industrial projects look increasingly attractive
Protecting trade is protecting yourself
Dutch Lady’s balancing act amid escalating costs
Fed dampens hopes for rate cut
F&N to use cost management measures
Yew Lee expects to return to profitability on wider customer base
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read