What is the current Malaysia Cybersecurity Market size?

The Malaysia Cybersecurity Market is projected to register a CAGR of 16.84% during the forecast period (2024-2029) Read More

Who are the key players in Malaysia Cybersecurity Market?

LGMS, Wizlynx Group, Securemetric, Akati Sekurity and IBM Corporation are the major companies operating in the Malaysia Cybersecurity Market. Read More

What years does this Malaysia Cybersecurity Market cover?

The report covers the Malaysia Cybersecurity Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Malaysia Cybersecurity Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Malaysia Cybersecurity Market - Size, Share & Analysis

Malaysia Cybersecurity Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Report Covers Malaysia Cybersecurity Market Companies and it is segmented by Offering (Security type (Cloud, Data Security, Identity Access Management, Network Security, Consumer Security, Infrastructure Protection), Services), Deployment (Cloud, On-Premise), and End User (BFSI, Healthcare, Manufacturing, Government and Defense, IT, and Telecommunication). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Malaysia Cybersecurity Industry Overview

The Malaysian cybersecurity market is moderately consolidated, with the presence of a few major companies. The companies continuously invest in strategic partnerships and product developments to gain market share. Some of the recent developments in the market are:

In April 2022, A partnership between IBM Malaysia Sdn Bhd and Tech Mahindra was finalized to increase the cybersecurity services available to Malaysian businesses, including managing security compliance and enhancing commercial information systems. Tech Mahindra and IBM will co-develop cutting-edge goods and services and improve current ones as part of this collaboration. These solutions include Guardium, Cloud Pak for Security, and QRadar XDR (threat detection and response).

In February 2022, To raise awareness among Malaysian businesses about the value of protecting mobile applications and Internet of Things systems, SecIron and Cybersecurity Malaysia (CSM) have formed a strategic partnership. Section and CSM will collaborate closely to promote industry best practices for businesses to lessen the effects of cyberattacks and raise awareness about mobile application security and data protection.