The Information and Communications Technology (ICT) trade sector in Malaysia has shown a consistent upward trend in employment from 2015 to 2023, standing at 242.64 thousand units in 2023. This period saw an average annual growth rate (CAGR) of roughly 0.49%, with year-on-year variations peaking in 2018 at 4.35% and stabilizing around 0.65% by 2023. Forecast data indicates a continued steady increase, with the number of employees projected to reach 250.78 thousand units by 2028, corresponding to a forecasted 5-year CAGR of 0.52%.
Future trends to watch for:
- Technological advancements driving demand for specialized skills.
- Policies and investments aimed at digital transformation.
- Potential impacts of global economic shifts on the ICT sector.
