Offshore Opportunities

Malaysia has seen a great growth in offshore opportunities. In a recent user study conducted by Gartner research found that Malaysia was number eight for "Countries Most likely to be used for Offshore/Nearshore IT services".

Gartner also estimated that In Malaysia, the IT services market is forecast to grow at a compound annual growth rate (CAGR) of 7% from 2005 through 2010 . This has also been fueled by the governments program to boost its information and communication technology marketplace. The program called Ninth Malaysia Plan address these concerns. Ninth Malaysian Plan abbreviated as '9MP', is a comprehensive blueprint prepared by the Economic Planning Unit (EPU) of the Prime Minister's Department and the Finance Ministry of Malaysia with approval by the Cabinet of Malaysia to allocate the national budget from the year 2006 to 2010 to all economic sectors in Malaysia. The blueprint was announced on 1st April 2006, unveiled by the fifth Prime Minister of Malaysia, Datuk Seri Abdullah Ahmad Badawi.

The following four charts will illustrate Malaysia's readiness in offshore capabilities. These are taken from Gartner Dataquest in November 2006.

Market segments of product support external service providers (ESP).

Market Share Segmentation of IT Outsourcing ESPs in Malaysia, 2005

Market Share Segmentation of Consulting ESPs in Malaysia, 2005

Market Share Segmentation of SI ESPs in Malaysia, 2005