Malaysia shares land and marine borders with Brunei, Indonesia, Thailand, the Philippines, Singapore and Vietnam. The total multi-ethnic populace exceeds 28 million and includes a competent outsourced labor pool. IT outsourcing services are available in Malaysia at competitive rates. However, the focus seems to be on BPO and smaller projects, such as website design, graphics and animation.
TALENT POOL & EDUCATION
Malaysia offers a highly-proficient labor pool for software outsourcing. Malaysia’s landmark technology park, TPM, is home to more than 150 technology companies and employs over 10,000 workers. This campus is the leading choice for IT companies, scientists and researchers.
English is taught as a primary language in schools, and Malaysian citizens are extremely fluent in the language. Approximately 80% of urban businesses in Malaysia conduct their transactions in English.
Malaysia’s economy in 2017 was a happy surprise to many forecasters. The country has one of the most vibrant economies in all of South Asia and is experiencing growth in manufacturing as well as ecotourism. The economic outlook is promising with an anticipated GDP of 5.1% in 2018, and 4.9% in 2019. The Malaysian program, “Malaysia Bill of Guarantee,” assures a business-friendly climate to attract and cultivate an IT economy, as part of its recovery following the 2008-2009 recession. With one of the top economic records in Asia, Malaysia has been enjoying a steady increase in its annual GDP for more than 50 years. If this growth remains constant, the country may achieve “developed country” status in the future.
Malaysia is a constitutional monarchy with an elected federal parliamentary government. The country consists of 13 states and three territories that are under government jurisdiction. Malaysia’s prime minister Najib Razik came to power promoting radical reforms that included closing the ethnic and religious divide throughout the country. More recently, Razik and his administration have been accused of corruption, specifically in the management of their state investment firm 1MDB.
The ecosystem of Accelerance Certified Expert (ACE) partners includes companies from Malaysia that have been thoroughly screened and vetted. These ACE partners have good command of English and have agreed to Accelerance’s terms for intellectual property protection.
Interested in outsourcing your software development work to Malaysia? Contact us, we'll help you find the right development team.