The number of employees in ICT Manufacturing in Malaysia displayed a relatively steady increase, reaching 418.22 thousand units in 2023. Observing year-on-year variations, the employment numbers saw diverse increments: 0.66% in 2018, 0.23% in 2019, and 0.048% in 2020. The years 2021, 2022, and 2023 maintained a consistent growth rate of 0.15%. Analyzing the CAGR over the last five years from 2018 to 2023, the average growth rate per year was 0.13%. Forecasted data suggest that the total number of employees in ICT Manufacturing will grow modestly by 0.11% annually, reaching 421.15 thousand in 2028, predicted by a 5-year CAGR of 0.11%.
Future trends to monitor include the impact of technological advancements and automation in the ICT sector, potential government policies supporting technology manufacturing, and the influence of global market dynamics and trade relationships on employment figures.
