ICT in the Malaysia: Market Opportunity Forecasts to 2029
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This product provides historical data and forecasts for ICT products and services in Malaysia
The Malaysia ICT market was valued at US$ 24.04 billion in 2024 and will grow at a compounded annual growth rate (CAGR) of 12.43% to reach a value of US$ 43.18 billion by 2029. The cumulative revenue generation for ICT providers in Malaysia is estimated at US$ 193.06 billion for 2024-2029. In terms of vertical end-use segments, the energy sector held the highest market share of 8.7% in 2024, followed by the retail sector. The banking vertical is expected to be the fastest-growing segment, at an estimated CAGR of 17.78%, during the forecast period.
Scope
This product provides revenue opportunity forecasts for ICT products and services in the Malaysia from 2020 to 2029, spanning 18 IT Solutions, 126 Products/Services, 27 Verticals and 5 size bands.
Key Highlights
- The ICT market in Malaysia is expected to grow at a CAGR of 48% over the forecast period.
- The country’s top three product/service categories – IoT Hardware, IoT Software, and SaaS.
- IoT Hardware is expected to be the leading ICT product/service segment in Malaysia during the forecast period.
Reasons to Buy
Access the current state and 5-year growth of ICT in Malaysia, along with historic trends, to identify fastest-growing products/services, the most lucrative verticals, and key contributors to future market expansion.
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