A recent study conducted by International Data Corp (IDC) and commissioned by the Malaysia Digital Economy Corporation (MDEC) has forecasted that the ASEAN ICT Market will be worth USD48bn by 2019. Despite the attractive growth prospects, the study noted that many companies have yet to fully capitalise on the immense potential of the market.
Still, according to the data, a number of companies in Malaysia did join the MDEC Global Acceleration and Network (GAIN) initiative in 2015. Among them is GHL Systems, a payment solutions provider, which operates throughout the region including Malaysia, the Philippines, Thailand, Indonesia, and Australia. The initiative aims to development high-potential, high-growth tech firms into regional and global champions.