Malaysia Cybersecurity Market Size - Industry Report On Share, Growth Trends & Forecasts Analysis (2025 - 2030)

The Malaysia Cybersecurity Market Report is Segmented by Offering (Solutions [Application Security, Cloud Security, and More], Services [Professional Services, and More]), Deployment Mode (Cloud, On-Premise), End-User Industry (BFSI, Healthcare, IT and Telecom, Industrial and Defense, Retail and E-Commerce, and More), End-User Enterprise Size (Large Enterprises, Smes). The Market Forecasts are Provided in Terms of Value (USD).

Malaysia Cybersecurity Market Size and Share

Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
View Global Report

Compare market size and growth of Malaysia Cybersecurity Market with other markets in Technology, Media and Telecom Industry

Malaysia Cybersecurity Market Analysis by Mordor Intelligence

The Malaysia cybersecurity market size stands at USD 6.15 billion in 2025 and is forecast to reach USD 8.73 billion by 2030, expanding at a 7.25% CAGR over the period. This low-double-digit trajectory positions the Malaysia cybersecurity market among the faster-growing digital-infrastructure segments within the country’s wider ICT ecosystem. Cloud-first mandates, strict licensing under the Cyber Security Act 2024, and the monetized cost of data breaches are each propelling sustained demand. Large enterprises are broadening existing controls into zero-trust programs, while small and medium enterprises are starting first-time deployments through subscription services that lower upfront costs. Parallel investments in 5G edge networks, hyperscale data centers, and operational-technology modernization further anchor a long runway for the Malaysia cybersecurity market.

Key Report Takeaways

  • By offering, solutions commanded 52.8% of the Malaysia cybersecurity market share in 2024, while services are projected to advance at a 7.5% CAGR through 2030.
  • By deployment mode, on-premise held 53.5% share of the Malaysia cybersecurity market size in 2024 and cloud deployments are rising at an 8.2% CAGR to 2030.
  • By end-user industry, BFSI generated 21.8% revenue share in 2024; healthcare is forecast to grow at an 8.8% CAGR during 2025-2030.
  • By end-user enterprise size, large enterprises controlled 71.5% of 2024 spending, whereas SMEs are set to expand at a 9.1% CAGR through 2030. 

Segment Analysis

By Offering: Shifting Emphasis Toward Services

Solutions maintained 52.8% share of the Malaysia cybersecurity market in 2024, led by network and cloud-security suites that protect hybrid environments. However, services are forecast to outpace solutions at a 7.5% CAGR through 2030 as enterprises look for always-on expertise. Higher detection accuracy, round-the-clock monitoring, and built-in compliance dashboards position MSSPs as strategic partners rather than tactical suppliers. Pricing models based on monthly active assets lower entry barriers for mid-tier firms. Local providers leverage regulatory familiarity to capture contracts tied to the Cyber Security Act, while global vendors package orchestration platforms that unify alerts across point tools. Convergence of advisory, deployment, and MDR services brings value propositions beyond technology resale, solidifying service-led growth in the Malaysia cybersecurity market.

The solutions portfolio nevertheless remains critical for organizations with strict data-residency rules. Appliance refresh cycles in BFSI and utilities sustain revenue for firewall, intrusion-prevention, and secure-email gateways. New-generation SIEM platforms incorporate behavioral analytics and automation to offset talent scarcity, aligning product innovation with national skills-development goals. Vendors bundle perpetual licenses with cloud-delivered analytics to bridge on-premise controls and SaaS visibility. Co-delivery with local integrators accelerates time to value, reflecting the collaborative nature of the Malaysia cybersecurity market.

Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

By Deployment Mode: Cloud Gains Pace While On-Premise Holds Majority

On-premise systems accounted for 53.5% of the Malaysia cybersecurity market size in 2024 because legacy workloads and data-sovereignty mandates still dominate in banking and public service. Hardware refreshes in these sectors provide a stable base for appliance vendors. Yet cloud deployments are expanding at an 8.2% CAGR through 2030, outstripping on-premise upgrades. Consumption-based pricing, continuous feature releases, and AI-driven analytics make cloud controls appealing for institutions pursuing digital-first strategies. Shared-responsibility frameworks encourage enterprises to off-load maintenance to specialized providers, supporting long-term adoption in the Malaysia cybersecurity market.

Vendor roadmaps include data-localization nodes within Malaysia to reassure regulated customers. Over time, improvements in sovereign-cloud platforms may erode the remaining resistance, but hardware refreshes tied to industrial-control networks ensure a continuing market for on-premise gear.

By End-User Industry: Healthcare Accelerates Under Data-Privacy Pressure

The BFSI sector retained 21.8% share of the Malaysia cybersecurity market in 2024 as regulators enforced stringent risk-management frameworks. Banks deploy behavioral-biometrics and secure-software-development pipelines to counter advanced fraud, ensuring continued wallet share. Interbank clearing modernization and open-banking APIs keep financial institutions reliant on multi-layer controls and third-party-risk platforms, buttressing stable demand.

Healthcare is projected to rise at an 8.8% CAGR through 2030, the fastest among verticals, as electronic medical-record expansion and connected devices increase exposure. The Personal Data Protection Amendment Bill 2024 introduces mandatory breach notifications with elevated fines, compelling hospitals to adopt encryption, micro-segmentation, and cyber-resilience testing [2]Lexology, “Personal Data Protection Amendment Bill 2024 Highlights,” lexology.com. Telemedicine platforms integrate identity-verification and secure-video APIs, pulling additional spend. Cloud adoption within public-health agencies accelerates workload migration and follow-on security requirements. Collectively, these forces cement healthcare as a high-growth customer base for the Malaysia cybersecurity market.

Malaysia Cybersecurity Market: Market Share by End-user Industry
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Note: Segment shares of all individual segments available upon report purchase

By End-user Enterprise Size: SMEs Rising From a Low Base

Large enterprises controlled 71.5% of 2024 spending because financial, telecom, and energy leaders already run mature multi-layer programs. They continue to allocate budgets toward advanced analytics, penetration testing, and zero-trust segmentation that require skilled labor. Ongoing merger activity across banking and telco groups keeps demand for integration and red-team services high, reinforcing their dominance within the Malaysia cybersecurity market.

SMEs, however, are set to record a 9.1% CAGR, the fastest among size bands. Cloud-native security with pay-as-you-grow terms aligns with their cash-flow constraints. Government-backed assessments provide a starting blueprint, while local banks are piloting security-linked loan channels that reward certified controls with lower interest rates. MSSPs bundle endpoint detection, email security, and basic insurance into one monthly bill, simplifying the procurement journey. As SMEs integrate into regional supply chains, certifications become a prerequisite to win contracts, adding momentum to their cybersecurity investment.

Geography Analysis

Greater Kuala Lumpur remains the fulcrum of the Malaysia cybersecurity market, driven by the concentration of regional headquarters, regulatory bodies, and advanced managed-service facilities. Capital-city enterprises lead early adoption of zero-trust controls and red-team simulations, creating reference wins for vendors. A critical mass of talent, academia, and consulting firms fuels innovation cycles that spin off new niche providers. As a result, upstream demand for training services in the Klang Valley remains robust, sustaining capacity-building programs aligned with the twenty-five-thousand-defender national goal.

Johor Bahru follows as a fast-developing hub anchored by hyperscale data-center campuses. Global cloud providers select the region for abundant renewable power and submarine-cable proximity, catalyzing spending on physical, network, and OT protections. This cluster effect drives above-average growth in the Malaysia cybersecurity market across the southern corridor [3]EdgeConnex, “Security Trends in Johor Data Centers,” edgeconnex.com.

Penang and East-Malaysia contribute smaller absolute outlays but deliver above-average growth rates as manufacturing and e-government programs scale. Penang’s electronics exporters face strict customer audits that require demonstrated compliance with ISO 27001 and zero-downtime incident-response capabilities. Sabah and Sarawak digital-service agencies expand secure broadband and e-citizen platforms, adopting SaaS controls that bypass local-hardware shortages. Vendor ecosystems employ partner-led models to reach dispersed rural clients, showing that geography no longer limits participation in the Malaysia cybersecurity market.

Competitive Landscape

The Malaysia cybersecurity market presents moderate fragmentation, hosting global platforms, regional specialists, and rising local champions. Multinationals such as IBM, Cisco, and Microsoft supply integrated suites and win large framework contracts within banking and telecom sectors. They leverage long-standing enterprise relationships and wide product portfolios to anchor high-value transformation deals that span multiple security layers. Regional players like Ensign InfoSecurity provide deep consulting and managed detection expertise, often acting as prime contractors for complex, multi-country engagements.

Local specialists, including LGMS Berhad and Securemetric Bhd, exploit regulatory fluency and cultural alignment to secure compliance-driven projects. Their early certification under the Cyber Security Act licensing regime builds trust among critical-infrastructure operators that prioritize fast audit clearance. HeiTech Padu’s partnership with RSA demonstrates the value of co-branding advanced SIEM technologies with localized service wrap-arounds, enabling mid-tier organizations to access enterprise-grade analytics. Telecommunications operators such as CelcomDigi and Maxis extend security portfolios into managed firewalls and secure connectivity, monetizing network visibility built over decades.

Strategic alliances define go-to-market success: cloud providers work with telecom carriers to embed secure-access-service-edge nodes, while hardware vendors partner with local integrators for 24×7 field support. Talent scarcity accelerates merger activity as firms acquire niche consultancies to scale capacity. Market entry for pure-play software vendors remains accessible, yet service-heavy models face licensing and talent hurdles, encouraging white-label agreements with certified MSSPs. This dynamic supports a balanced competitive environment that limits price compression and sustains healthy margins across the Malaysia cybersecurity market.

Malaysia Cybersecurity Industry Leaders

  1. LGMS Berhad

  2. Wizlynx Group

  3. IBM Corporation

  4. Cisco Systems Inc.

  5. Securemetric Bhd

  6. *Disclaimer: Major Players sorted in no particular order
Malaysia Cybersecurity Market Concentration
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Need More Details on Market Players and Competitors?
Download PDF

Recent Industry Developments

  • July 2025: Asia's leading cybersecurity provider, ABP Group, has strategically launched a new office in KL Eco City, right across from Mid Valley City, bolstering its presence in Malaysia.
  • May 2025: BlackBerry Ltd has teamed up with Talent Corporation Malaysia Bhd (TalentCorp) to unveil the CyberNext Programme. This national initiative targets Malaysian students and educators, addressing the growing vulnerabilities in today's digital realm.
  • October 2024: Ensign InfoSecurity ranked sixth in MSSP Alert’s global Top 250 list, underlining service leadership in Malaysia
  • October 2024: BlackBerry Ltd, hailing from Canada, has set up its Asia Pacific regional headquarters for cybersecurity in Cyberjaya, Malaysia.

Table of Contents for Malaysia Cybersecurity Industry Report

1. INTRODUCTION

  • 1.1 Market Definition and Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rapid Roll-out of Malaysia’s Cloud-First Strategy Propelling Public-Sector Cloud Security Spending
    • 4.2.2 Cyber Security Act 2024 Licensing and Mandatory NCII Compliance Fuelling Vendor Demand
    • 4.2.3 Data-Centre Boom in Johor Bahru Elevating Perimeter and OT Security Investments
    • 4.2.4 5G Coverage ≥ 97 % Driving Mobile Core and Edge Security Upgrades
    • 4.2.5 USD 12.2 bn Economic Losses From Breaches Raising Boardroom Budgets
    • 4.2.6 National Goal of 25 000 Cyber Defenders Boosting Consulting and Training Spend
  • 4.3 Market Restraints
    • 4.3.1 Acute Shortage of Senior Security Architects Inflating Project Timelines and Costs
    • 4.3.2 SME Budget Constraints Owing to Legacy CAPEX-heavy IT Footprints
    • 4.3.3 Fragmented Cross-border Data-Sovereignty Rules Slowing Cloud Migrations
    • 4.3.4 Low Multi-factor-Auth Adoption Outside BFSI Heightening Residual Risk
  • 4.4 Value Chain Analysis
  • 4.5 Evaluation of Critical Regulatory Framework
  • 4.6 Impact Assessment of Key Stakeholders
  • 4.7 Technological Outlook
  • 4.8 Porter's Five Forces Analysis
    • 4.8.1 Bargaining Power of Suppliers
    • 4.8.2 Bargaining Power of Consumers
    • 4.8.3 Threat of New Entrants
    • 4.8.4 Threat of Substitutes
    • 4.8.5 Intensity of Competitive Rivalry
  • 4.9 Impact of Macro-economic Factors

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Offering
    • 5.1.1 Solutions
    • 5.1.1.1 Application Security
    • 5.1.1.2 Cloud Security
    • 5.1.1.3 Data Security
    • 5.1.1.4 Identity and Access Management
    • 5.1.1.5 Infrastructure Protection
    • 5.1.1.6 Integrated Risk Management
    • 5.1.1.7 Network Security
    • 5.1.1.8 End-point Security
    • 5.1.2 Services
    • 5.1.2.1 Professional Services
    • 5.1.2.2 Managed Services
  • 5.2 By Deployment Mode
    • 5.2.1 Cloud
    • 5.2.2 On-Premise
  • 5.3 By End-user Industry
    • 5.3.1 BFSI
    • 5.3.2 Healthcare
    • 5.3.3 IT and Telecom
    • 5.3.4 Industrial and Defense
    • 5.3.5 Retail and E-commerce
    • 5.3.6 Energy and Utilities
    • 5.3.7 Manufacturing
    • 5.3.8 Others
  • 5.4 By End-user Enterprise Size
    • 5.4.1 Large Enterprises
    • 5.4.2 Small and Medium Enterprises (SMEs)

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 LGMS Berhad
    • 6.4.2 IBM Corporation
    • 6.4.3 Cisco Systems Inc.
    • 6.4.4 Securemetric Bhd
    • 6.4.5 Wizlynx Group
    • 6.4.6 Akati Sekurity
    • 6.4.7 Palo Alto Networks
    • 6.4.8 Fortinet Inc.
    • 6.4.9 Check Point Software Tech.
    • 6.4.10 Trend Micro Inc.
    • 6.4.11 Kaspersky Lab
    • 6.4.12 Nexagate Sdn Bhd
    • 6.4.13 Ishan Tech Sdn Bhd
    • 6.4.14 Capgemini SE
    • 6.4.15 Microsoft Corp.
    • 6.4.16 AVG Technologies (Gen Digital)
    • 6.4.17 ATandT Cybersecurity
    • 6.4.18 NTT Data Security
    • 6.4.19 BAE Systems AI Malaysia
    • 6.4.20 Darktrace plc
    • 6.4.21 CrowdStrike Holdings Inc.

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 White-space and Unmet-need Assessment
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Malaysia Cybersecurity Market Report Scope

Cybersecurity solutions enable an organization to monitor, detect, report, and counter cyber threats that are internet-based attempts to damage or disrupt information systems and hack critical information using spyware, malware, and phishing to maintain data confidentiality.

The Malaysia cybersecurity market is segmented by offerings (solutions [application security, cloud security, data security, identity access management, infrastructure protection, integrated risk management, network security, end-point security, and other solution types] and services [professional services and managed services]), by deployment (On-premise, and cloud), by organization size (SMEs, large enterprises), by end-user vertical (BFSI, healthcare, IT and telecom, industrial and defense, retail, energy and utilities, manufacturing, and other end-user industries). The market sizes and forecasts are provided in terms of value in (USD) for all the above segments.

By Offering Solutions Application Security
Cloud Security
Data Security
Identity and Access Management
Infrastructure Protection
Integrated Risk Management
Network Security
End-point Security
Services Professional Services
Managed Services
By Deployment Mode Cloud
On-Premise
By End-user Industry BFSI
Healthcare
IT and Telecom
Industrial and Defense
Retail and E-commerce
Energy and Utilities
Manufacturing
Others
By End-user Enterprise Size Large Enterprises
Small and Medium Enterprises (SMEs)
By Offering
Solutions Application Security
Cloud Security
Data Security
Identity and Access Management
Infrastructure Protection
Integrated Risk Management
Network Security
End-point Security
Services Professional Services
Managed Services
By Deployment Mode
Cloud
On-Premise
By End-user Industry
BFSI
Healthcare
IT and Telecom
Industrial and Defense
Retail and E-commerce
Energy and Utilities
Manufacturing
Others
By End-user Enterprise Size
Large Enterprises
Small and Medium Enterprises (SMEs)
Need A Different Region or Segment?
Customize Now

Key Questions Answered in the Report

What is the current valuation of the Malaysia cybersecurity market?

The sector is valued at USD 6.15 billion in 2025 and is expected to reach USD 8.73 billion by 2030.

Which deployment model is growing fastest?

Cloud-based security is expanding at an 8.2% CAGR, outpacing the on-premise segment as enterprises favor consumption-based pricing.

Why is healthcare the fastest-growing vertical?

Digital medical records, telemedicine uptake, and stringent privacy amendments drive an 8.8% CAGR for healthcare cybersecurity spending.

How does the Cyber Security Act 2024 affect vendors?

It requires licensing for key services and continuous compliance reporting, giving certified providers a competitive edge.

Page last updated on: July 14, 2025

Malaysia Cybersecurity Market Report Snapshots