Malaysia: cybersecurity revenue growth 2019-2029

In 2023, the revenue of cybersecurity industry in Malaysia increased by around 8.85 percent, a lower growth rate compared to the previous year. Statista Digital Market Insights estimated that the revenue of cybersecurity market in the country will continue to increase with a CAGR of 9.63 percent and reach a market volume of around approximately 748.5 million U.S. dollars by 2029.

Revenue growth of the cybersecurity market in Malaysia from 2019 to 2029

Characteristic	Revenue growth
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Supplementary notes

All values are modeled estimates.

Cybersecurity is the process that provides and maintains confidentiality, integrity, availability, and privacy. This includes measures to prevent and respond to all incidents of cybercrimes, such as digital attacks and disruptions, to protect computer systems, networks, programs, and data (e.g., personal assets, important files, industrial and governmental information). The market for Cybersecurity includes revenues generated by the two key products, namely Cyber Solution and Security Services.

Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Cisco, Palo Alto Networks, Secureworks.

Find the detailed methodology here.

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