Market Overview:

This report presents an extensive evaluation of the Malaysia Cybersecurity Market, focusing on historical data from 2019 to 2022 while offering detailed forecasts for the period between 2024 to 2030. The analysis encompasses various aspects, including market Size, Share, Growth, Analysis, Trends and competitive insights.

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Table of Contents (Malaysia Cybersecurity Market)

  1. Executive Summary
  2. Market Definition & Research Methodology
  3. Market Dynamics: Drivers, Challenge, Trend and Opportunities
  4. Segment Analysis and Geographical Breakdown
  5. Competitive Landscape & Strategic Initiatives
  6. Regulatory Environment & Policy Factors
  7. Growth Forecast Model (2024–2030)
  8. Appendix: Company Profiles, Data Sources, Methodology

What’s covered in the report?

Market Key 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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Leading players of Malaysia Cybersecurity Market including:

  • IBM
  • CISCO
  • Microsoft
  • Palo Alto Networks
  • Wizlynx group
  • AKATI Sekurity
  • AVG
  • Amazon Web Services, Inc.
  • Qinetics MSP Sdn Bhd
  • Oracle
  • 3i Infotech Sdn Bhd
  • Others

Malaysia Cybersecurity Market Segmentation:

By Security Type

  • Network Security
  • Cloud Security
  • Endpoint & IoT Security
  • Application Security
  • Data Security
  • Others (Identification & Access Management, etc.)

The network security segment will hold a dominant market share in the coming years.

 By Solution

  • Identity & Access Management (IAM)
  • Antivirus/Antimalware
  • Log Management & SIEM
  • Firewall
  • Encryption & Tokenization
  • Compliance & Policy Management
  • Patch Management
  • Others

 By Deployment mode

  • On-premises
  • Cloud
  • Hybrid Cloud

By Organization size

  • Large Enterprises
  • SMEs (Small & Medium Enterprises)

Amongst them, the large enterprises segment held the majority share in the Malaysia Cybersecurity Market.

By End User

  • Banking, Financial Services and Insurance (BFSI)
  • Government & Defense
  • Corporate
  • Healthcare & Life Sciences
  • Manufacturing
  • IT & Telecommunication
  • Others (Education, Media & Entertainment, etc.)

By Region

  • North
  • South
  • East
  • Central
  • Sarawak
  • Sabah

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Key Highlights of MarkNtel Advisors' Research Methodology

  • MarkNtel Advisors uses a robust methodology for accurate market analysis.
  • Research objectives are clearly defined with tailored methodologies for clients.
  • A representative sample is selected to ensure reliable data collection.
  • Data analysis includes cleaning, statistical evaluations, and validation checks.
  • Predictive modeling forecasts trends, and reports include strategic recommendations.

About MarkNtel Advisors:

We are a leading market research firm providing research, consulting, and data-driven intelligence to clients across diverse industries globally. Our reports are tailored to help businesses identify lucrative opportunities and mitigate potential risks using actionable insights.

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