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Malaysia can capture 5% of US$50B global software testing market by 2020, says MSTB

AvantiKumar | Aug. 11, 2015
While announcing SOFTEC Asia 2015, MSTB President Mastura Abu Samah said that regional collaboration was essential to tap the global software testing sector.

Mastura Abu Samah, MSTB 

Photo - Mastura Abu Samah, President, Malaysia Software Testing Board (MSTB)

 

Malaysia is on target to capture 5 percent by 2020 of the global software sector testing business, which is currently worth currently worth US$50 billion, according to national body The Malaysian Software Testing Board (MSTB).

However, there has to be more regional collaboration in Asia to tap this lucrative sector, said MSTB president Mastura Abu Samah, adding that the global estimate of the Software Testing Services market (US$50.68 billion) came from the Technavio Insights market report 2014, which also expected the value to rise to US$70.98 billion by 2018, reflecting a Compounded Annual Growth Rate of 11.15 percent.

She said the report indicated that Asia Pacific accounted for 22.90 percent market share in 2013 but the region was expected to hold majority share of the market in the near future, based on the increasing outsourcing environment and demand from large organisations. Malaysia as well as India, China and Vietnam have been identified as rapidly emerging as the most favoured outsourcing destinations for global companies.

From MSTB's inception in 2008, Mastura has been driving the development of local talent and other national initiatives to position Malaysia as a regional software testing hub, in an effort to realise the opportunities in this rapidly-growing sector. These initiatives include an annual regional gathering of global and local software testing security experts and professionals to SOFTEC Asia, which is returning for the eighth consecutive year - SOFTEC Asia 2015 will be held from 8 to 10 September 2015 at Mandarin Oriental Hotel in Kuala Lumpur.

During the pre-event media briefing, Mastura said: "The upcoming SOFTEC Asia 2015 conference is a good platform for local and regional players to network and seek business partnership opportunities in this dynamic industry."

She added that the Malaysian Government has identified software testing as a new source of economic growth in the recently-released 11th Malaysia plan, which included the Malaysian Software Testing Hub (MSTH) initiative that targeted 5 percent of the global software testing revenue by 2020.

 The right kind of intervention

Mastura said the IDC Analysis - EPU Software Testing Roadmap Study 2013, the global software testing market, which stood at US$42 billion in 2012, has the potential to grow up to US$94 billion by 2020. "The market presents real opportunity for Malaysia to carve out a niche within the market. The report suggested that with the right kind of investment and intervention programmes, Malaysia could rake in revenues of up to US$4.7 billion by 2020."

She said the IDC Analysis report was commissioned by the Economic Planning Unit (EPU) and jointly undertaken by International Data Corporation and MSC Management Services (MSCMS).

Speaking of this year's SOFTEC Asia event (qportal.com.my), themed Spearheading Business of Testing, Mastura said that the event will feature more than 20 speakers from the international software testing fraternity. Collectively, they will lead more than 40 sessions comprising tutorials/workshops, keynote addresses, concurrent presentations and panel discussions.

Keynote speakers will include Professor Ken Sakamura, inventor of the TRON real-time operating systems; Dr Gualtiero Bazzana, president of the International Software Testing Qualifications Board; Dr Mark Kiemele, president and co-founder of the Air Academy Associates; and Dorothy Graham, an expert on test automation.

 

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