GST Implementation Will Accelerate Malaysian Enterprise Application Software Market: IDC



The latest IDC’s enterprise software forecast showed GST implementation is one of the key drivers for growth in the Malaysian Enterprise Application (EA) market and IDC expects 2014 to be a much better year compared to 2013. This will be a boost to many EA vendors as this forces business to either upgrade or replace their legacy system with a system that is GST compliant.“With GST coming into effect in the early part of 2015, we predict there will be a scramble from the businesses to be fully GST ready in line with government regulations and the implementation will be one of the catalysts for growth in Malaysian EA market for 2014 and possibly in 2015 as well,” says Wong Yih-Khai, Market Analyst, Software, IDC Malaysia.