Final consumption expenditure on ICT products in Malaysia showed substantial growth from 2015 to 2023, reaching 105.76 billion Malaysian Ringgits in 2023. The year-on-year variations indicated robust initial growth, such as a 9% increase in 2016, before stabilizing in recent years with a 2.07% increase in 2023. The CAGR over the last five years was 1.52%, reflecting a general slowdown in growth compared to earlier periods.
The forecast for 2024-2028 projects steady growth, with the final consumption expenditure expected to reach 116.97 billion Malaysian Ringgits in 2028. The forecasted five-year CAGR stands at 1.59%, indicating consistent albeit modest growth.
Future trends to watch for include the increasing integration of ICT in various sectors, which could stimulate higher consumption, and the impact of emerging technologies like 5G, AI, and IoT, which may drive further investments and expenditures.
Latest reports
US E-Commerce Market Report- Q1 2025
The first quarter of 2025 showcased significant shifts in the US e-commerce landscape, marked by robust growth in specific sectors such as fashion,...
China E-Commerce Market Report- Q1 2025
In the first quarter of 2025, the e-commerce landscape in China experienced robust growth, fueled by strategic advancements in technology and a favorable...
Japan E-Commerce Market Report- Q1 2025
In Q1 2025, Japan's e-commerce market showcased significant growth and adaptation across various sectors, driven by technological advancements and evolving consumer preferences. A...
Germany E-Commerce Market Report- Q1 2025
In Q1 2025, the E-Commerce landscape in Germany experienced significant developments across various segments, driven by technological innovations, strategic partnerships, and shifting consumer...
India E-Commerce Market Report- Q1 2025
The E-Commerce India market in Q1 2025 showcases remarkable growth driven by evolving consumer behaviors, technological advancements, and strategic market expansions. This quarter...
UK E-Commerce Market Report- Q1 2025
The first quarter of 2025 has highlighted several transformative trends within the UK's e-commerce sector. These developments are reshaping the landscape of E-Commerce...
France E-Commerce Market Report- Q1 2025
In the first quarter of 2025, the e-commerce landscape in France exhibited significant trends in mobile commerce, sustainability, cross-border trade, and consumer behavior....
Canada E-Commerce Market Report- Q1 2025
The Canadian E-Commerce market in Q1 2025 is marked by a complex interplay of economic factors, consumer behavior shifts, and strategic adaptations by...
Brazil E-Commerce Market Report- Q1 2025
The first quarter of 2025 has underscored significant trends and developments in Brazil's E-Commerce landscape, focusing on the pivotal areas of Mobile Commerce,...
Italy E-Commerce Market Report- Q1 2025
In the first quarter of 2025, Italy's e-commerce market demonstrated robust growth despite challenges in traditional retail sectors and external economic pressures. The...
