| Product Code: ETC4410807 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The application transformation market in Malaysia is witnessing substantial growth as organizations embark on digitalization journeys. This market encompasses the modernization of legacy applications, making them more agile, scalable, and compatible with contemporary technology stacks. Businesses in Malaysia are realizing the need for digital transformation to stay competitive and meet customer expectations. Application transformation is a crucial aspect of this process, and the market is evolving to provide a range of services and solutions to support this transformation.
Application transformation is gaining momentum in Malaysia due to the increasing reliance on digital applications for business operations. The key drivers in this market include the need for legacy application modernization, digitalization of customer experiences, and a shift towards agile development methodologies to keep pace with rapidly evolving customer demands.
The application transformation market in Malaysia faces challenges related to legacy systems and technology debt. Modernizing existing applications while ensuring minimal disruption and data integrity can be a complex task. Adapting to changing business needs and aligning transformation efforts with organizational strategies are also significant challenges.
The COVID-19 pandemic acted as a catalyst for application transformation initiatives in Malaysia. Businesses accelerated their efforts to modernize and adapt their applications to meet evolving customer demands and remote work requirements. This led to increased investments in application modernization and transformation projects.
The application transformation market in Malaysia has seen the active involvement of Leading Players in modernizing and optimizing software applications. Infosys, a global IT services company, offers application transformation and modernization services, helping organizations adapt to changing technology landscapes. TCS (Tata Consultancy Services), another major IT services company, provides application transformation solutions, including cloud migration and modernization. Cognizant, with its digital transformation services, assists businesses in revamping their applications for improved performance and agility. These companies have played vital roles in driving application transformation and innovation in Malaysia.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Malaysia Application Transformation Market Overview |
3.1 Malaysia Country Macro Economic Indicators |
3.2 Malaysia Application Transformation Market Revenues & Volume, 2021 & 2031F |
3.3 Malaysia Application Transformation Market - Industry Life Cycle |
3.4 Malaysia Application Transformation Market - Porter's Five Forces |
3.5 Malaysia Application Transformation Market Revenues & Volume Share, By Services, 2021 & 2031F |
3.6 Malaysia Application Transformation Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
3.7 Malaysia Application Transformation Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
4 Malaysia Application Transformation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for digital transformation services in Malaysia |
4.2.2 Government initiatives and support for technology adoption |
4.2.3 Rise in cloud computing adoption by businesses in Malaysia |
4.3 Market Restraints |
4.3.1 High initial investment costs for application transformation projects |
4.3.2 Lack of skilled professionals in the field of application transformation in Malaysia |
5 Malaysia Application Transformation Market Trends |
6 Malaysia Application Transformation Market, By Types |
6.1 Malaysia Application Transformation Market, By Services |
6.1.1 Overview and Analysis |
6.1.2 Malaysia Application Transformation Market Revenues & Volume, By Services, 2021-2031F |
6.1.3 Malaysia Application Transformation Market Revenues & Volume, By Application Portfolio Assessment, 2021-2031F |
6.1.4 Malaysia Application Transformation Market Revenues & Volume, By Cloud Application Migration, 2021-2031F |
6.1.5 Malaysia Application Transformation Market Revenues & Volume, By Application Replatforming, 2021-2031F |
6.1.6 Malaysia Application Transformation Market Revenues & Volume, By Application Integration, 2021-2031F |
6.1.7 Malaysia Application Transformation Market Revenues & Volume, By UI Modernization, 2021-2031F |
6.1.8 Malaysia Application Transformation Market Revenues & Volume, By Post-Modernization, 2021-2031F |
6.2 Malaysia Application Transformation Market, By Vertical |
6.2.1 Overview and Analysis |
6.2.2 Malaysia Application Transformation Market Revenues & Volume, By Retail, 2021-2031F |
6.2.3 Malaysia Application Transformation Market Revenues & Volume, By BFSI, 2021-2031F |
6.2.4 Malaysia Application Transformation Market Revenues & Volume, By Healthcare, 2021-2031F |
6.2.5 Malaysia Application Transformation Market Revenues & Volume, By IT and Telecom, 2021-2031F |
6.2.6 Malaysia Application Transformation Market Revenues & Volume, By Retail, 2021-2031F |
6.2.7 Malaysia Application Transformation Market Revenues & Volume, By Government, 2021-2031F |
6.2.8 Malaysia Application Transformation Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Malaysia Application Transformation Market Revenues & Volume, By Others, 2021-2031F |
6.3 Malaysia Application Transformation Market, By Organization Size |
6.3.1 Overview and Analysis |
6.3.2 Malaysia Application Transformation Market Revenues & Volume, By Small and Medium-sized Enterprises (SMEs), 2021-2031F |
6.3.3 Malaysia Application Transformation Market Revenues & Volume, By Large enterprises, 2021-2031F |
7 Malaysia Application Transformation Market Import-Export Trade Statistics |
7.1 Malaysia Application Transformation Market Export to Major Countries |
7.2 Malaysia Application Transformation Market Imports from Major Countries |
8 Malaysia Application Transformation Market Key Performance Indicators |
8.1 Percentage increase in the number of businesses adopting application transformation services |
8.2 Average time taken to complete an application transformation project |
8.3 Number of new technologies integrated into existing applications |
9 Malaysia Application Transformation Market - Opportunity Assessment |
9.1 Malaysia Application Transformation Market Opportunity Assessment, By Services, 2021 & 2031F |
9.2 Malaysia Application Transformation Market Opportunity Assessment, By Vertical, 2021 & 2031F |
9.3 Malaysia Application Transformation Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10 Malaysia Application Transformation Market - Competitive Landscape |
10.1 Malaysia Application Transformation Market Revenue Share, By Companies, 2024 |
10.2 Malaysia Application Transformation Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |