Malaysia E-commerceCompanies (2024 - 2029)

Malaysia E-commerce Market Companies Summary

The e-commerce market in Malaysia has seen a significant rise, largely due to the shift in consumer behavior from offline to online shopping, prompted by the Covid-19 pandemic. This has led to businesses enhancing their online presence. The market has also benefited from government support, increasing internet and smartphone usage, rising disposable income, and growing demand for e-commerce logistics. However, the market's expansion has been hindered by the persistence of e-commerce fraud, which has eroded consumer trust. The government has been proactive in supporting the growth of the e-commerce industry in Malaysia. Key initiatives such as the Digital Free Trade Zone and the Digital Economy Blueprint have created a favorable environment for e-commerce businesses. These initiatives offer benefits such as tax incentives, infrastructure development, and regulatory support, attracting both local and international investors. The government has also taken steps to promote e-commerce growth through the establishment of the National E-Commerce Council and the approval of the National E-commerce Strategic Roadmap 2.0.