Malaysia Software As A Service (saas) Market Size & Outlook
Malaysia software as a service (saas) market, 2018-2030 (US$M)
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Malaysia software as a service (saas) market highlights
- The Malaysia software as a service (saas) market generated a revenue of USD 0.9 million in 2023 and is expected to reach USD 2.4 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 14.7% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Software as a service (saas) market data book summary
| Market revenue in 2023 | USD 0.9 million |
| Market revenue in 2030 | USD 2.4 million |
| Growth rate | 14.7% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Intel Corp, Broadcom Inc, Trend Micro Inc, Cisco Systems Inc, Zscaler Inc, Lookout, Radware Ltd, Adobe Inc, Microsoft Corp, Alibaba Group Holding Ltd ADR, International Business Machines Corp, Salesforce Inc, Oracle Corp, SAP SE, Rackspace Technology Inc Ordinary Shares, VMware, Atlassian Corp A, ServiceNow Inc |
Other key industry trends
- In terms of revenue, Malaysia accounted for 0.3% of the global software as a service (saas) market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China software as a service (saas) market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 37.3 million by 2030.
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Software As A Service (SaaS) Market Scope
Software As A Service (SaaS) Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Malaysia software as a service (saas) market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to software as a service (saas) market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 88.89% in 2023. Horizon Databook has segmented the Malaysia software as a service (saas) market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Cloud computing is the pillar that stands for the ecosystem of digital transformation technology. Various verticals in Malaysia are quickly embracing cloud computing technologies at their capacity.
Furthermore, the rising demand for digital services in the country pushes many of Malaysia's largest direct-to-consumer businesses to accelerate digital transformation. For instance, in July 2022, Telekom Malaysia (TM) launched its new cloud and digital services company, Credence, focusing on extending the capabilities of enterprises and the public sector in their digital transformation journey.
Credence will provide capabilities from SaaS, cloud advisory, and technology infrastructure to business insights, IT landscape migration, managed services, analytics, and insights.
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Target buyers of Malaysia software as a service (saas) market databook
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Our clientele includes a mix of software as a service (saas) market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Malaysia software as a service (saas) market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia software as a service (saas) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Malaysia software as a service (saas) market size, by component, 2018-2030 (US$M)
Malaysia Software As A Service (SaaS) Market Outlook Share, 2023 & 2030 (US$M)
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