Here are the top 10 IT industry predictions to guide all the stakeholders in driving digital economy and IT Industry in Malaysia by IDC in the next five years:
#1: Digitalised Economy. Over 21% of Malaysia’s GDP will be digitalised by 2022, with growth in every industry driven by digitally-enhanced offerings, operations, and relationship — driving US$82 billion in IT-related spending from 2019 through 2022.
#2: Digital-Native IT. By 2023, 70% of all IT spending will be on 3rd Platform technologies, as over 50% of all enterprises build “digital-native” IT environments to thrive in the digital economy.
#3: Expand to the Edge. By 2022, over 25% of organisations’ cloud deployments will include edge computing, and 25% of endpoint devices and systems will execute AI algorithms.
#4: AppDev Revolution. By 2022, 60% of all new apps will feature microservices architectures that improve the ability to design, debug, update and leverage third-party code; 25% of all production apps will be cloud-native.
#5: New Developer Class. By 2024, a new class of professional developers producing code without custom scripting, will expand the developer population by 20% – accelerating digital transformation.
#6: Digital Innovation Explosion. From 2018 to 2023 – with new tools/platforms, more developers, agile methods and lots of code reuse – 4.0 million new logical apps will be created.
#7: Growth Through Specialisation. By 2022, 20% of public cloud computing will be based on non-x86 processors (including quantum); by 2022, organisations will spend more on vertical SaaS apps than horizontal apps.
#8: AI Is the New UI. By 2024, AI-enabled user interfaces and process automation will replace one-third of today’s screen-based apps. By 2022, 20% of enterprises will use conversational speech tech for customer engagement.
#9: Expanding/Scaling Trust. By 2023, 30% of servers will encrypt data at rest and in-motion; over 20% of security alerts will be handled by AI-powered automation; and 3.0 million people will have blockchain-based digital identities.
#10: Consolidation vs. Multicloud. By 2022, the top four cloud “megaplatforms” will host 80% of IaaS/PaaS deployments, but by 2024, 90% of Malaysia 100 (M100) organisations will mitigate lock-in through multicloud/hybrid technologies and tools.
About IDC: International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. It has more than 1,100 analysts worldwide to offer expertise on technology and industry opportunities and trends in over 110 countries.