This IDC study provides a country market sizing and forecast of the core banking systems software market in Malaysia for 2004 and a 2005–2009 forecast. Historical and forecast revenue data are shown for the total Malaysia market, containing vendor-specific revenue, market shares, and the competitive landscape for vendors. This study also covers overall Malaysian banking industry information and communication technology (ICT) spending as well as the latest trends in banking IT development.
"Core banking replacement can represent the synthesis of two major trends. Indeed, the need to offer more reliable services to customers coupled with the need to get more information from the system in order to meet regulatory compliance will force some banks to replace the existing core banking system," says Jun-Fwu Chin, senior analyst, IDC Malaysia.