MarkNtel Advisors recently published a detailed industry analysis of the Malaysia Cybersecurity Market. The report covers growth trends, regional marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Malaysia Cybersecurity Market (2024-2030)
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.
Malaysia Cybersecurity Market Driver:
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.
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What segments define the Malaysia Cybersecurity market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
-By 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
Explore the Complete Malaysia Cybersecurity Market Analysis Report – https://www.marknteladvisors.com/research-library/malaysia-cybersecurity-market.html
Who are the leading key players shaping the Malaysia Cybersecurity Market landscape?
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
Questions Addressed in this Study
1.What factors are driving the Malaysia Cybersecurity Market growth?
2.How is the Malaysia Cybersecurity Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Malaysia Cybersecurity Market?
4.What is the current size of the Malaysia Cybersecurity Market, and how is it projected to change in the future?
6.What is the future outlook for the Malaysia Cybersecurity Market in terms of technological advancements and market expansion?
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