Malaysia Cybersecurity Market Expected to Reach USD 2.17 Billion by 2030, Growing at a CAGR of 11.4%

This comprehensive Malaysia Cybersecurity Market report by “MarkNtel Advisors: Leading Market research Company” offers valuable insights into the current and future market landscape, providing clarity on potential challenges and strategies for optimal brand positioning. It features detailed market segmentation, in-depth analysis of key market players, emerging trends in consumer behavior and supply chain dynamics, and opportunities in new geographical markets. With the insights from this report, you can manage your marketing strategies for goods and services more effectively.

According to recent market analysis report, the Malaysia Cybersecurity Market which was 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.

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Driving Force Behind the Growth of the Malaysia Cybersecurity Market through 2030

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.

Market Segment Highlights:

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)

Amongst them, the large enterprises segment held the majority share in the Malaysia Cybersecurity Market. This is attributed to the increased possibility of threats and attacks. The size of enterprises also presents market players with a larger landscape of services to provide. The presence of multiple departments, increased levels of critical and private data, widened operational processes, etc., all require cybersecurity services for unhindered working. With the increasingly evolving techniques of cyberattacks that are not easy to detect, large enterprises have an essential need for advanced firewalls and other cybersecurity tools for their asset protection.

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)

Malaysia Cybersecurity Market Regional Outlook:

North
South
East
Central
Sarawak
Sabah

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Malaysia Cybersecurity Market Competition Analysis:

Some of the top Cybersecurity companies operating in the Malaysia market are 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.

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