Malaysia - Enterprise ICT Country Intelligence Report
Description
Malaysia - Enterprise ICT Country Intelligence Report
Summary
The Malaysia Enterprise ICT Country Intelligence Report, a new Country Intelligence Report by GlobalData, summarizes key findings from GlobalData’s ICT Customer Insight Survey carried out in H1-2025 and GlobalData’s Market Opportunity Forecasts to 2029: Malaysia. It reveals an executive-level overview of how the overall ICT budgets and their allocations towards various segments have changed for enterprises in the country in 2025 compared to 2024 and ICT revenue opportunity with detailed forecasts of key indicators up to 2029. The report provides detailed analysis of the overall Malaysia’s enterprise ICT market trends and growth drivers based on GlobalData’s ICT Customer Insight Survey and GlobalData’s Market Opportunity Forecasts. The report also discusses about the market growth inhibitors impacting Malaysia’s overall ICT market. It sheds focus on enterprise ICT budget allocations and ICT revenue opportunity covering 18 solution areas, segmental analysis, vertical analysis, as well as review of key macroeconomic and regulatory trends, and government initiatives. The report also includes a brief profile on some of the key ICT vendors within the country.
The country intelligence provides information and insights into ICT budget allocations and ICT revenue opportunity by enterprises in Malaysia
Summary
The Malaysia Enterprise ICT Country Intelligence Report, a new Country Intelligence Report by GlobalData, summarizes key findings from GlobalData’s ICT Customer Insight Survey carried out in H1-2025 and GlobalData’s Market Opportunity Forecasts to 2029: Malaysia. It reveals an executive-level overview of how the overall ICT budgets and their allocations towards various segments have changed for enterprises in the country in 2025 compared to 2024 and ICT revenue opportunity with detailed forecasts of key indicators up to 2029. The report provides detailed analysis of the overall Malaysia’s enterprise ICT market trends and growth drivers based on GlobalData’s ICT Customer Insight Survey and GlobalData’s Market Opportunity Forecasts. The report also discusses about the market growth inhibitors impacting Malaysia’s overall ICT market. It sheds focus on enterprise ICT budget allocations and ICT revenue opportunity covering 18 solution areas, segmental analysis, vertical analysis, as well as review of key macroeconomic and regulatory trends, and government initiatives. The report also includes a brief profile on some of the key ICT vendors within the country.
The country intelligence provides information and insights into ICT budget allocations and ICT revenue opportunity by enterprises in Malaysia
- Overall enterprise ICT revenue opportunity and ICT budget allocations for Malaysia
- Macroeconomic and regulatory context and government initiatives
- Insights on Malaysia's enterprise ICT growth drivers and market trends, basis GlobalData's ICT Customer Insight Survey and Market Opportunity Forecasts to 2029
- Insights on market growth inhibitors impacting Malaysia's overall ICT market
- Breakdown of enterprise ICT revenue opportunity by solution areas, end-use verticals and enterprise size band
- Segmental analysis of Malaysia's enterprise ICT budget allocations and ICT revenue opportunity - hardware, software and services
- Insights on ICT technology spending priorities of enterprises on key solution areas in Malaysia
- Company snapshot
- ICT market growth in Malaysia will be primarily driven by confluence of factors including a surge in digital investment, strategic government frameworks, infrastructure upgrades, and data center development in tech hubs.
- Malaysia’s overall ICT market was pegged at more than $20 billion in 2024 and is expected to grow at a CAGR of more than 20% during 2024-2029 to reach more than $50 billion in 2029.
- GlobalData’s ICT decision makers survey reveals a positive outlook for enterprise ICT spending in Malaysia, with a majority of respondents, more than 85% from the country, claiming that there has been an increase in the enterprise ICT budget in 2025 compared to 2024.
- Internet of Things (IoT) can be regarded as the most attractive market in Malaysia driven by the manufacturing sector’s adoption of Industry 4.0 technologies as well as other critical industries such as retail, energy, and transportation, which are integrating this technology to accelerate digitalization, improve efficiency, and reduce downtime. The revenue opportunity for IoT in Malaysia was pegged at more than $4 billion in 2024 and is estimated to grow at a CAGR of more than 25% between 2024-2029.
- Manufacturing is the largest independent end-use vertical segment for the ICT market in Malaysia in terms of revenue contribution in 2024, however it is expected to be surpassed by energy and BFSI over the future. ICT revenue from the manufacturing sector reached more than $2 billion in 2024 and is set to grow more than $3 billion in 2029 at a CAGR of more than 8%.
- The country intelligence report provides an in-depth analysis of the following enterprise ICT market outlook, enterprise ICT budget allocations, enterprise ICT segment revenue and budget allocations, enterprise ICT market dynamics, enterprise technology priorities and ICT vendor landscape.
- This Country Intelligence Report is based on GlobalData’s IT Customer Insight Survey carried out annually covering key ICT decision makers from enterprises across various industry verticals in Malaysia and GlobalData’s Market Opportunity Forecasts to 2029, to offer a thorough, forward-looking analysis of Malaysia’s enterprise ICT investment priorities and ICT revenue opportunity market.
- Accompanying GlobalData’s IT Customer Insight Survey and Market Opportunity Forecasts to 2029, the report examines the assumptions and drivers behind ongoing and upcoming trends in Malaysia’s enterprise ICT market.
- The report offers a thorough analysis of enterprise ICT investment trends and how it has changed this year compared to previous year.
- The report also presents an analysis of enterprise ICT budget allocations by various spending areas, business functions and product/service categories and how they have changed this year compared to previous years.
- The report also presents an analysis of enterprise ICT revenue opportunity by various solution areas, enterprise size band, end-use verticals, and segment over the forecast period 2024-2029.
- With more than 50 charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
- The report provides insights in a concise format to help executives build proactive and profitable growth strategies.
- The report provides an easily digestible market assessment for decision-makers built around research gathered from the local IT decision makers, which enables executives to quickly get up to speed with the current and emerging trends in enterprise ICT investment priorities.
Table of Contents
59 Pages
- Malaysia Enterprise ICT Market Highlights
- Macroeconomic context
- Regulatory Context and Government Initiatives
- Total ICT Revenue Opportunity - Overview
- Total ICT Revenue Opportunity - Segment Analysis
- Total ICT Revenue Opportunity - Enterprise Size Band Analysis
- Total ICT Revenue Opportunity - Solution Areas
- Total ICT Revenue Opportunity - Vertical Analysis
- Growth Drivers
- Market Trends
- Growth Inhibitors
- ICT Services Market: Revenue Growth & Percentage Share of ICT
- ICT Services Market: Product-Level Analysis
- ICT Software Market: Revenue Growth & Percentage Share of ICT
- ICT Software Market: Product-Level Analysis
- ICT Hardware Market: Revenue Growth & Percentage Share of ICT
- ICT Hardware Market: Product-Level Analysis
- Total ICT Revenue Opportunity - Solution Areas
- IoT yields the largest contribution to the Malaysia's overall ICT market
- Cloud computing yields the second largest contribution to Malaysia's total ICT market
- Client computing revenue to go up from $2 billion in 2024 to $2.5 billion in 2029
- Networking revenue to go up to $2.8 billion in 2029
- Consulting and Integration Services Revenue to go up to $3.4 Billion by 2029
- Total ICT Revenue Opportunity - Vertical Analysis
- Manufacturing Market: Revenue Growth & Percentage Share of ICT
- BFSI Market: Revenue Growth & Percentage Share of ICT
- Energy Market: Revenue Growth & Percentage Share of ICT
- Company Snapshot: Microsoft
- Company Snapshot: Telekom Malaysia Bhd (TM)
- Company Snapshot: Alibaba Group Holding Ltd
- Company Snapshot: Apple Inc.
- Company Snapshot: Accenture Plc
- Glossary
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