In 2023, the transaction value of the digital commerce segment in the digital payments market in Malaysia amounted to approximately 19.19 billion U.S. dollars. Statista Market Insights forecasted that the transaction value of digital commerce will continue to increase between 2024 and 2028 at a CAGR of 38.79 percent, and reach more than 30 billion U.S. dollars by 2028.
Transaction value of digital commerce segment in Malaysia from 2017 to 2028
(in billion U.S. dollars)
Data provided by Statista Market Insights are estimates.
Definition:
The Digital Commerce market covers all consumer transactions made via the internet which are directly related to online shopping for products and services. This can include transactions made through websites, mobile apps, and other online platforms made via various payment methods such as credit cards, direct debit, invoice, or online payment providers. Digital commerce enables businesses and consumers to conduct transactions remotely, with a variety of payment options and delivery methods available. It also allows for the collection and analysis of data to support personalization and targeted marketing efforts.
Additional Information:
The market comprises transaction values, users, average transaction value per user, and penetration rates. Transaction values are generated via wide range of activities such as online retail sales, and purchase of services on online marketplaces (includes eServices, Travel and Tourism, Digital Media & Digital Health).
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Statista. (August 20, 2024). Transaction value of digital commerce segment in Malaysia from 2017 to 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/forecasts/1488045/malaysia-digital-commerce-transaction-value
Statista. "Transaction value of digital commerce segment in Malaysia from 2017 to 2028 (in billion U.S. dollars)." Chart. August 20, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/forecasts/1488045/malaysia-digital-commerce-transaction-value
Statista. (2024). Transaction value of digital commerce segment in Malaysia from 2017 to 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/forecasts/1488045/malaysia-digital-commerce-transaction-value
Statista. "Transaction Value of Digital Commerce Segment in Malaysia from 2017 to 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 20 Aug 2024, https://www.statista.com/forecasts/1488045/malaysia-digital-commerce-transaction-value
Statista, Transaction value of digital commerce segment in Malaysia from 2017 to 2028 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1488045/malaysia-digital-commerce-transaction-value (last visited December 21, 2024)
Transaction value of digital commerce segment in Malaysia from 2017 to 2028 (in billion U.S. dollars) [Graph], Statista, August 20, 2024. [Online]. Available: https://www.statista.com/forecasts/1488045/malaysia-digital-commerce-transaction-value
