KUALA LUMPUR, Malaysia, April 15, 2015 /PRNewswire/ -- Frost & Sullivan is forecasting Malaysia's social networking users to nearly double to 25.6 million in 2020. According to Mr. Barry Lim, Director, Frost & Sullivan Asia Pacific, the country is expected to have 125 million connected devices in 2025 with more than 58 million mobile subscribers.
"95 per cent of all netizens, or Internet users, will be active social network users, presenting a huge potential for digital marketing and eCommerce," Mr. Lim said in his joint presentation The Mega Trends – A Malaysian Perspective with Ms. Archana Amarnath, Director of Visionary Innovation Research Group, Frost & Sullivan and Ms. Rhenu Bhuller, Partner and Senior Vice President of Healthcare, Frost & Sullivan at the Frost & Sullivan Growth, Innovation & Leadership (GIL) Malaysia summit.
He added that the Internet economy (iGDP) market is expected to contribute 16 per cent (US$90 billion) to the GDP by 2025, up from 4.3 per cent in 2010 as the importance of Internet and digitally-connected solutions grows in the economy.
Mr. Manoj Menon, Senior Partner & Asia Pacific Managing Director, Frost & Sullivan said that disruption everywhere is a frightening prospect for most companies unaware of new technologies that will soon arrive to threaten market position and send their strategy, R&D, and product development teams into tail spins. He shared views from Frost & Sullivan's TechVision program to highlight the top 50 disruptive technologies with a powerful message around what you should do to get ahead of the threat in his presentation Techvision: Welcome to the Power Packed World of Top 50 Technologies.
Frost & Sullivan's key analysts also shared their latest research findings in the GIL Bites Presentation, a rapid-fire session. Topics presented include:
- Meet the Cities of the Future: Rethink Your Customer, Your Solutions, and Your Strategy
- The Broken Care Continuum in Malaysia
- Internet of Things
- Wearables – is this for real or was this just a fad?
- Future of Car
- The Sharing Economy: Government's Struggle to Cope With It
- Emerging Markets: A closer look at growth opportunities in Sri Lanka
- Future of Green Energy
- Demand for Aged Care Sector in Malaysia
Panelists at the summit included Ng Wan Peng, Chief Operating Officer of MDeC, Munirah Looi, Founder, President & Chief Executive Officer of Brandt International, and Isham Bin Ishak, Chief Operating Officer of SME Corporation. Dato' Sri Idris Jala, CEO of Pemandu and Minister in the Prime Minister's Department also shared his experiences in the Legends of Asia panel.
The National Association for Women Entrepreneurs Malaysia (NAWEM) is the supporting partner for GIL Malaysia.
Media partners are Asia Outlook, Asia Pacific Biotech News, Asia Research News, Business Today, Corporate 21, Developing Telecoms, Emerging Markets Information Service (EMIS) and Leaderonomics.
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SOURCE Frost & Sullivan