As of 2023, the market size of e-commerce in Malaysia was estimated to reach around 10.1 billion U.S. dollars. It was forecasted that the value of e-commerce market in the country will reach around 15 billion U.S. dollars by 2027.
E-commerce market size projections in Malaysia from 2019 to 2023, with a forecast for 2027
According to the source: E-commerce – consumer purchases of goods and services made online by consumers from businesses via the internet, regardless of device or application. Our analysis is confined to person-to-business payments and excludes consumer payments to governments and purchases or installment payments of motor vehicles, real estate, rent, investments, utility and other bill or loan payments. Global e-com transaction value for the 40 markets covered in GPR 2024 was over $6.1 trillion in 2023. Our projection of 9% CAGR for e-com growth projects to a total global e-com market size of approximately $8.8 trillion in 2027.
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Worldpay. (March 21, 2024). E-commerce market size projections in Malaysia from 2019 to 2023, with a forecast for 2027 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1478292/malaysia-e-commerce-market-size-projections/
Worldpay. "E-commerce market size projections in Malaysia from 2019 to 2023, with a forecast for 2027." Chart. March 21, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1478292/malaysia-e-commerce-market-size-projections/
Worldpay. (2024). E-commerce market size projections in Malaysia from 2019 to 2023, with a forecast for 2027. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1478292/malaysia-e-commerce-market-size-projections/
Worldpay. "E-commerce Market Size Projections in Malaysia from 2019 to 2023, with a Forecast for 2027." Statista, Statista Inc., 21 Mar 2024, https://www.statista.com/statistics/1478292/malaysia-e-commerce-market-size-projections/
Worldpay, E-commerce market size projections in Malaysia from 2019 to 2023, with a forecast for 2027 Statista, https://www.statista.com/statistics/1478292/malaysia-e-commerce-market-size-projections/ (last visited November 21, 2024)
E-commerce market size projections in Malaysia from 2019 to 2023, with a forecast for 2027 [Graph], Worldpay, March 21, 2024. [Online]. Available: https://www.statista.com/statistics/1478292/malaysia-e-commerce-market-size-projections/
