Malaysian software revenues grew 5.5% in 2003

IDC has sized the Malaysia packaged software market at US$342.7mil (RM1.3bil) in 2002, increasing 5.5% in 2003. It updated the forecast revenue to post a 6.2% compound annual growth rate (CAGR) for the period 2002 through 2007, to reach US$463.4mil (RM1.76bil) in 2007, the market research firm said in a statement.