The export value of ICT services in Malaysia has shown an upward trajectory from 2013 to 2023, with the value standing at $3.7485 billion in 2023. Initial years saw a decline, but since 2017, there has been a consistent increase, with notable growth in recent years. Over the last two years, there was a year-on-year increase of 7.47% (2022) and 3.51% (2023), respectively. The 5-year CAGR leading to 2023 is 5.76%, indicating a robust average annual growth rate. Looking ahead to 2028, a forecasted 5-year CAGR of 2.42% points towards steady, if modest, growth.
Future trends to watch for include technological advancements improving service offerings, increased global demand for digital solutions, and government policies supporting ICT sector growth. Continued infrastructure development and potential trade agreements may also play crucial roles in driving future export performance.
