How big is the Malaysia ICT Market?

The Malaysia ICT Market size is expected to reach USD 27.20 billion in 2024 and grow at a CAGR of 7.57% to reach USD 39.18 billion by 2029. Read More

What is the current Malaysia ICT Market size?

In 2024, the Malaysia ICT Market size is expected to reach USD 27.20 billion. Read More

What years does this Malaysia ICT Market cover, and what was the market size in 2023?

In 2023, the Malaysia ICT Market size was estimated at USD 25.29 billion. The report covers the Malaysia ICT Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Malaysia ICT Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the major challenges facing the Malaysia ICT Market?

Key challenges faced by the Malaysia ICT market are: a) Cybersecurity threats b) Digital skills gap c) Regulatory hurdles d) Infrastructure disparities between urban and rural areas Read More

Malaysia ICT Market - Trends, Growth & Companies

Malaysia ICT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers ICT Industry Outlook In Malaysia and it is segmented by type (Hardware, Software, IT Services, and Telecommunication Services), by the size of the enterprise (Small and Medium Enterprise and Large Enterprises), by industry vertical (BFSI, IT and Telecom, Government, Retail and E-commerce, Manufacturing, and Energy and Utilities). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Malaysia ICT Industry Overview

The Malaysia ICT market is at a fragmented stage as the market currently consists of many players. Several key players in the ICT market are in constant efforts to bring advancements. A few prominent companies are entering into collaborations and expanding their footprints in developing regions to consolidate their positions in the market. The major player in this market includes Tata Consultancy Services (TCS), The International Business Machines Corporation (IBM), Wipro Technologies, Telekom Malaysia, and Maxis Communications.

In November 2022, Telekom Malaysia initiated its first phase of the 5G service. The service commits to providing unlimited data to both new and current "Unifi Mobile" post-paid and pre-paid customers.
In November 2022, DXC Technology expanded its global partnership with Dynatrace to speed up its business transformation for customers. Through this partnership, DXC demonstrates a shared understanding of what is essential for the clients to achieve digital transformation at scale.