Market Share of Malaysia ICT Industry
The degree of competition in the market studied is high over the forecast period. Competition in the Information and Communications Technology (ICT) market is pronounced, with only slight variations in hardware and software offerings. Multiple companies vie for the same services. In contrast, IT services like big data, mobility, and the Internet of Things enjoy lower competition due to their inherent product differentiation. Some of the major players in the market are Tata Consultancy Services (TCS), IBM Corporation, Hewlett Packard Enterprise (HPE), DXC Technology Company, and Honeywell International Inc.
Key determinants of this competitive landscape include sustainable advantages through innovation, market penetration levels, exit barriers, strategic power dynamics, and the concentration ratio of firms. Factors influencing competition in the studied market encompass brand identity, robust competitive strategies, and transparency levels.
Vendors providing innovative, integrated solutions hold a competitive edge over those focused solely on hardware or software. Their bargaining power surpasses that of enterprise division operators, given that differentiation hinges on the specific application area. Market participants are actively seeking to bolster their competitiveness. As a result, the intensity of competitive rivalry is projected to remain high.
Malaysia ICT Market Leaders
-
Tata Consultancy Services (TCS)
-
IBM Corporation
-
Hewlett Packard Enterprise (HPE)
-
DXC Technology Company
-
Honeywell International Inc
*Disclaimer: Major Players sorted in no particular order
