KUALA LUMPUR: Malaysia\u2019s overall internet economy is forecast to reach US$21 billion (US$1=RM4.20)\u00a0in Gross Merchandise Value (GMV) this year, and is expected to hit US$35 billion by 2025, the latest edition of the e-Conomy SEA Report revealed.
\nThe report by Google, Temasek and Bain & Company highlighted growth observed across all sectors of the country\u2019s internet economy.
\nThe report,\u00a0entitled e-Conomy Southeast Asia (SEA) Report-Roaring \u201920s: The SEA Digital Decade, provides new insights into the internet economies of six countries within Southeast Asia, namely\u00a0Malaysia,\u00a0Singapore, Indonesia, the Philippines, Thailand, and Vietnam.
\nIn a statement today, Google Malaysia\u00a0managing director Marc Woo said despite the lockdowns, businesses have turned to digital platforms to survive and many are expecting to increase usage of digital tools in the next five years.
\n\u201cMalaysia\u2019s 2021 GMV is projected to hit US$35 billion by 2025 and we\u2019ve seen how the pandemic has led to a permanent shift in digital adoption in Malaysia with 81 per cent of all internet users now consuming digital services.
\n\u201cThis robust growth that we\u2019re seeing is encouraging, and with initiatives such as MyDIGITAL in place to transform the country into a digitally-driven nation and a regional digital economy leader by 2030, it reinforces our commitment to shaping an equitable, safe and inclusive digital economy that will provide economic opportunity for current and future generations in our mission to advance Malaysia together,\u201d\u00a0he said.
\nThe report dives into trends across seven internet economic sectors: five leading sectors comprising e-commerce, transport & food, online travel, online media, and digital financial services, as well as two nascent sectors comprising healthtech and edtech.\u00a0
\n\u201cAlong with the rest of the region, Malaysia is moving into a new way of life as the pandemic has led to a permanent shift in digital adoption.
\n\u201cThe steep 47 per cent growth of Malaysia\u2019s digital market from US$14 billion in 2020 to US$21 billion in 2021 was driven by a significant 68 per cent surge in e-commerce, which is expected to grow to US$19 billion by 2025,\u201d said the report.<\/p>\n","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR: Malaysia\u2019s overall internet economy is forecast to reach US$21 billion (US$1=RM4.20)\u00a0in Gross Merchandise Value (GMV) this year, and is expected to hit US$35 billion by 2025, the latest edition of the e-Conomy SEA Report revealed. The report by Google, Temasek and Bain & Company highlighted growth observed across all sectors of the country\u2019s […]<\/p>\n","protected":false},"author":9,"featured_media":8356,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-8355","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts\/8355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/comments?post=8355"}],"version-history":[{"count":1,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts\/8355\/revisions"}],"predecessor-version":[{"id":8357,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts\/8355\/revisions\/8357"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/media\/8356"}],"wp:attachment":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/media?parent=8355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/categories?post=8355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/tags?post=8355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}