Forecast: Intermediate Consumption on ICT Products in Malaysia

In 2023, intermediate consumption on ICT products in Malaysia stood at X billion Malaysian Ringgits. For the forecasted period starting from 2024 to 2028, the data shows a consistent year-on-year increase in consumption. Specifically, the values progress from 418.94 billion in 2024 to 444.59 billion in 2028.

Year-on-year variation in percentage indicates a gradual increase each year. From 2024 to 2025, the consumption grows by approximately 1.58%. It continues to rise by around 1.52% from 2025 to 2026, 1.47% from 2026 to 2027, and 1.42% from 2027 to 2028.

The CAGR over the five-year forecast period is expected to be approximately X%. This stable growth underscores the increasing demand for ICT products in Malaysia's market.

Future trends to watch for:

• Emerging technologies such as 5G and AI that may significantly boost ICT consumption.
• Government policies and investments in digital infrastructure.
• Economic factors impacting consumer and business expenditure on ICT.