The ICT domestic output in Malaysia saw a value of 620 billion Malaysian Ringgits in 2023. Forecasts for the upcoming years show a steady increase in output: 657.67 billion (2024), 670.55 billion (2025), 683.17 billion (2026), 695.54 billion (2027), and 707.66 billion (2028). The year-on-year variation from 2023 to 2024 is 6.1%, while the variation from 2022 to 2023 was 3.7%. The CAGR over the last five years is 4.2%.
Future trends to watch for:
- Continued investment in digital infrastructure.
- Increased adoption of emerging technologies such as AI and IoT.
- Government initiatives to boost the ICT sector.
- Potential global economic changes affecting trade and investment.
