Industry analysis

Year after year, the global information technology market expands at a rapid pace. According to
OGAnalysis, the global information technology industry will grow at a 4.0 percent annual rate in
2019. Growing acquisitions in the IT industry have had a significant impact on the growth of the
IT industry over the last decade.In the technological industry, acquisitions and investments are
causing a massive shift. Social media networking sites provide opportunities for information
technology innovation. Acquisitions in the industry have led to companies expanding their
operations, developing more expertise, and increasing revenue.

Malaysia's information technology sector is expected to be one of the emerging markets in the
future, necessitating the purchase of hardware, software, and other IT services. Malaysia's IT
spending will be bolstered further by private and government consumption. Because of their
enormous potential for industrial growth, cloud computing and the Internet of Things are critical
for market expansion in the medium term. The IT software and service segment of the industry
has experienced the fastest growth in the last decade, which has been aided by strong
government support.

According to information technology market research, the competition is becoming more intense
year after year, with new applications and a broader product portfolio. The 2019 scenario and
growth prospects of the Information Technology Market for 2016-2026 are covered in this
OGAnalysis report. The Information Technology Market, Size, Share, Outlook, and Growth
Opportunities 2020-2026 provides a thorough examination of the country's Information
Technology Market. The report presents key trends and critical insights into the Information
Technology Markets, as well as key drivers, restraints, and growth opportunities.

The information technology market is compared to five of the region's competitive markets in
order to assess Malaysia's regional role and benchmark its operations. The report also includes an
information and technology market outlook for Asia Pacific, Europe, the Middle East, Africa,
North America, and Latin America to provide a global perspective of the industry. Malaysia's
population and economic outlook are also presented in the report in order to provide insights and
forecasts of macroeconomic factors shaping the future of Information Technology Markets.