The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Malaysia Cybersecurity Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Malaysia Cybersecurity Industry (2024-2030):
According to the latest report, The Malaysia Cybersecurity Market was valued at around USD 1.05 billion in 2023 and is projected to reach around USD 2.17 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 11.4% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Malaysia Cybersecurity industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2019-22
- Base Year: 2023
- Forecast Period: 2024-30
- CAGR (2024-30): 11.4%
- Market Value (2023): USD 1.05 Billion
- Market Value (2030): USD 2.17 Billion
What are the major Driver the Malaysia Cybersecurity industry?
Expansion of E-Commerce Industry Driving Market Growth – The Malaysian population has consistently been gaining internet access across the country. According to the World Bank, internet penetration has reached around 97% in 2022, up from about 84% in 2019. Thus, with the growing adoption of the internet, smartphones, tablets, computers, etc., the residents of the country are steadily integrating e-commerce services into their routine lives due to convenience, and the variety of options available. Additionally, the Malaysian government has been supportive of the development of digitalization in the country and is implementing various initiatives to boost the e-commerce sector. Such as programs to enhance the digital infrastructure and policies to smooth the online transaction process. For instance,
In 2023, the Malaysian government and Google announced their partnership to strengthen home-grown companies by advancing their digital competitiveness.
According to the Department of Statistics Malaysia, the contribution of e-commerce to GDP increased 18.9% from USD 48.3 billion in 2021 to USD 57.5 billion in 2022. Hence, the escalating online shopping is resulting in more online transactions, making e-commerce companies and consumers prone to phishing, ransomware, data breaches, etc. Therefore, this increase in e-commerce platform operations has been a key factor requiring solutions for cyber threats in the country, further supporting the Malaysia Cybersecurity Market size & volume.
Download a sample PDF of this report to gain insights into the complete report structure - https://www.marknteladvisors.com/query/request-sample/malaysia-cybersecurity-market.html
✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
Malaysia Cybersecurity Market Segmentation
The Malaysia Cybersecurity Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- Security Type
- Network Security- Market Size & Forecast 2019-2030, (USD Million)
- Cloud Security- Market Size & Forecast 2019-2030, (USD Million)
- Endpoint & IoT Security- Market Size & Forecast 2019-2030, (USD Million)
- Application Security- Market Size & Forecast 2019-2030, (USD Million)
- Data Security- Market Size & Forecast 2019-2030, (USD Million)
- Others (Identification & Access Management, etc.)- Market Size & Forecast 2019-2030, (USD Million)
- By Solution
- Identity & Access Management (IAM)- Market Size & Forecast 2019-2030, (USD Million)
- Antivirus/Antimalware- Market Size & Forecast 2019-2030, (USD Million)
- Log Management & SIEM- Market Size & Forecast 2019-2030, (USD Million)
- Firewall- Market Size & Forecast 2019-2030, (USD Million)
- Encryption & Tokenization- Market Size & Forecast 2019-2030, (USD Million)
- Compliance & Policy Management- Market Size & Forecast 2019-2030, (USD Million)
- Patch Management- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
- By Deployment mode
- On-premises- Market Size & Forecast 2019-2030, (USD Million)
- Cloud- Market Size & Forecast 2019-2030, (USD Million)
- Hybrid Cloud- Market Size & Forecast 2019-2030, (USD Million)
- By Organization size
- Large Enterprises- Market Size & Forecast 2019-2030, (USD Million)
- SMEs (Small & Medium Enterprises)- Market Size & Forecast 2019-2030, (USD Million)
- By End User
- Banking, Financial Services and Insurance (BFSI)- Market Size & Forecast 2019-2030, (USD Million)
- Government & Defense- Market Size & Forecast 2019-2030, (USD Million)
- Corporate- Market Size & Forecast 2019-2030, (USD Million)
- Healthcare & Life Sciences- Market Size & Forecast 2019-2030, (USD Million)
- Manufacturing- Market Size & Forecast 2019-2030, (USD Million)
- IT & Telecommunication- Market Size & Forecast 2019-2030, (USD Million)
- Others (Education, Media & Entertainment, etc.)- Market Size & Forecast 2019-2030, (USD Million)
- By Region
- North
- South
- East
- Central
- Sarawak
- Sabah
As per the regional aspect, the Malaysia Cybersecurity Market is expected to be dominated by Malaysia by capturing the potential market share.
Explore further details about this research report - https://www.marknteladvisors.com/research-library/malaysia-cybersecurity-market.html
Top Companies in the Malaysia Cybersecurity Market
IBM, CISCO, Microsoft, Palo Alto Networks, Wizlynx group, AKATI Sekurity, AVG, Amazon Web Services, Inc., Qinetics MSP Sdn Bhd, Oracle, 3i Infotech Sdn Bhd, and others
Malaysia Cybersecurity Industry Recent Development:
In 2023: Cisco launched networking and security products for small and medium businesses (SMBs) in Malaysia.
In 2023: Amazon Web Services (AWS), stated its plans to invest approximately USD 6 billion by 2037 to expand its base in the country.
Why Markntel Advisors Report?
Well-known business Prospects: Our accurate analysis market research report serves as a treasure map for discovering potential markets and novel product avenues. Additionally, it facilitates comprehensive comparisons of products and services.
Thoughtful Customer Insights: A market report provides the marketing department with an in-depth understanding of customer requirements and desires. This information is bound to enhance products, adjust pricing, and refine advertising strategies.
Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.
Need personalized insights? Click here to customize this report- https://www.marknteladvisors.com/query/request-customization/malaysia-cybersecurity-market.html
For Further Queries:
Contact Us
MarkNtel Advisors
+1 628 895 8081, +91 120 4278433
Corporate Office: Office No.109,
H-159, Sector 63, Noida, Uttar Pradesh - 201301, India
