Forecast: Telecommunication Revenue in Malaysia

The telecommunication revenue in Malaysia has shown steady growth from 2015 through 2023, reaching 75.89 billion Malaysian Ringgits in 2023. Year-on-year variations indicate notable increases, peaking at 9.95% in 2016 and gradually tapering to 5.16% by 2023. The 5-year compound annual growth rate (CAGR) dropped moderately from 8.42% in 2021 to 7.05% in 2023. Forecasts suggest continued growth, albeit at a slower pace, with a projected 5-year CAGR of 3.38% by 2028, culminating in an 18.08% growth rate over the same forecast period.

Future trends to watch for include:

• Expansion of 5G networks, which is expected to drive further revenue growth.
• Increased investment in digital infrastructure and technology advancements.
• Rising demand for data services and connectivity solutions.