In 2023, the intermediate consumption on content and media products in Malaysia stood at 34.38 billion Malaysian Ringgits. The forecasted data for the years 2024 to 2028 shows a steady year-on-year increase. Specifically, the value is projected to rise from 35.46 billion Ringgits in 2024 to 39.89 billion Ringgits in 2028. This growth represents a compound annual growth rate (CAGR) of approximately 3.87%, indicating a consistent upward trajectory in the consumption of content and media products over the next five years.
Notably, the year-on-year variation for each year is as follows:
- 2024: 3.15%
- 2025: 3.21%
- 2026: 3.06%
- 2027: 2.91%
- 2028: 2.75%
When analyzing trends over a longer period, it is evident that the market is experiencing modest but steady growth in intermediate consumption on content and media products.
Looking ahead, future trends to watch for include the increasing digital transformation within the media sector, the rise of OTT (Over-the-top) platforms, and the expanding role of augmented reality (AR) and virtual reality (VR) technologies in content delivery. These factors are likely to play a significant role in shaping the market dynamics and consumption patterns in the years to come.
