Business Of Software Development Companies in Malaysia

The business of software development companies in Malaysia is growing rapidly. The country has a large pool of talented and skilled workers, and the government is supportive of the industry.

The Malaysian software development industry is expected to grow at a compound annual growth rate of 18.8% from 2016 to 2021. This is due to the increasing demand for software development services from both local and foreign companies.

The government has been supportive of the industry, providing tax incentives and funding for training and development. The Software Industry Promotion Agency (SIPA) was set up in 1996 to promote the industry.

The industry is also benefiting from the country's strong economic growth. The gross domestic product (GDP) grew by 5.6% in 2016, and is expected to grow by 5.2% in 2017. This is creating a demand for new software applications and services.

There are a number of software development companies in Malaysia, including Multimedia Development Corporation (MDeC), Cyberview, and Jadi Technologies. These companies are providing a range of services, including custom software development, web development, and mobile app development.

The industry is expected to continue to grow in the future, as the demand for software development services increases.