This IDC study provides a forecast for the Malaysia security software market for the 2016–2021 period, based on the revenue results from the 2016H2 APEJ Software Tracker. The study will be based on the context of market trends, advice for technology suppliers, market forecast, and significant market developments. The market is anticipated to reach MYR389.4 million by 2021, growing at a compound annual growth rate (CAGR) of 10.89% from 2016 to 2021. The security software market in Malaysia is showing good traction because of the evolution of cyberthreats and increased instances of sophisticated cyberattacks.
"Organizations in Malaysia are leveraging digital technologies to provide a complete experience for their customers. This technology revolution creates immense expectations and intensifies competition, captivating the use of security as organizations move forward in improving their technology infrastructure. The security software market in Malaysia will continue to grow in years to come as organizations are allocating funds to improve their IT security infrastructure," says Linda Chua, market analyst for Software, IDC Malaysia.