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

The Report Covers Malaysia Cybersecurity Market Companies and it is segmented by Offering (Security type (Cloud, Data Security, Identity Access Management, Network Security, Consumer Security, Infrastructure Protection), Services), Deployment (Cloud, On-Premise), and End User (BFSI, Healthcare, Manufacturing, Government and Defense, IT, and Telecommunication). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

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

Malaysia Cybersecurity Market Size

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Malaysia Cybersecurity Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 16.84 %
Market Concentration Medium

Major Players

Malaysia Cybersecurity Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Malaysia Cybersecurity Market Analysis

The Malaysia Cybersecurity Market is expected to register a CAGR of 16.84% during the forecast period.

A major concern for national security is cybersecurity. Whether through terrorism, criminal activity, or state and industrial espionage, it impacts the public and commercial sectors and covers a broad spectrum of concerns relating to national security. The danger landscape is always changing due to the expanding IT technological advancement and the capabilities of cyber weapons that threaten national security.

  • In Malaysia, the vast majority of industries place high importance on cybersecurity. With an allocation of USD 434 million, the Government of Malaysia (GOM) developed the Malaysia Cyber Security Strategy (MCSS) 2020-2024 to improve the nation's cybersecurity preparedness.
  • Furthermore, during the following five years, the MCSS identified five strategic pillars as guiding principles for enhancing the nation's cybersecurity management. The first pillar aims to strengthen Malaysia's vital ICT infrastructure while improving national governance and cybersecurity management. By examining pertinent legislation and creating new cybersecurity regulations, the second pillar seeks to improve existing cybersecurity laws. The remaining pillars include fostering innovation, developing Malaysia's cybersecurity workforce, and utilizing local, regional, and global collaboration to safeguard cyberspace.
  • In April this year, The majority of Malaysian organizations anticipate becoming the target of cyberattacks in the upcoming year, with 22% saying it is "extremely likely" to occur. According to cybersecurity company Trend Micro's most recent worldwide Cyber Risk Index (CRI) for the second half of last year, 87% of Malaysians reported having been the victim of one or more successful cyberattacks in the previous year. This is anticipated to offer lucrative opportunities for the growth of the studied market.
  • Further, owing to the COVID-19 pandemic, nation-state cyber activity has witnessed a surge in intensity and an escalation in severity because the traditional tactics to gather intelligence and knowledge were no longer feasible due to the social distancing norms. Additionally, amid the coronavirus-led lockdown, cyber-attacks targeted toward organizations have increased considerably, primarily resulting in a growing demand for skilled cybersecurity professionals and robust solutions.
  • Organizations rely on diverse professionals to safeguard their systems, employees, and data. Organizations in Malaysia are still looking for talented professionals who can support them against these risks when cyber threats are increasing faster than at any other time in history. A cybersecurity workforce shortage continues to be a problem for businesses of all sizes and industries. The increasing importance of a broader mix of technical and non-technical skills underscores that today's cybersecurity roles are multi-dimensional and increasingly varied across specializations, organizations, and industries.

Malaysia Cybersecurity Industry Overview

The Malaysian cybersecurity market is moderately consolidated, with the presence of a few major companies. The companies continuously invest in strategic partnerships and product developments to gain market share. Some of the recent developments in the market are:

In April 2022, A partnership between IBM Malaysia Sdn Bhd and Tech Mahindra was finalized to increase the cybersecurity services available to Malaysian businesses, including managing security compliance and enhancing commercial information systems. Tech Mahindra and IBM will co-develop cutting-edge goods and services and improve current ones as part of this collaboration. These solutions include Guardium, Cloud Pak for Security, and QRadar XDR (threat detection and response).

In February 2022, To raise awareness among Malaysian businesses about the value of protecting mobile applications and Internet of Things systems, SecIron and Cybersecurity Malaysia (CSM) have formed a strategic partnership. Section and CSM will collaborate closely to promote industry best practices for businesses to lessen the effects of cyberattacks and raise awareness about mobile application security and data protection.

Malaysia Cybersecurity Market Leaders

  1. LGMS

  2. Wizlynx Group

  3. Securemetric

  4. Akati Sekurity

  5. IBM Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Malaysia Cybersecurity Market Concentration
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Malaysia Cybersecurity Market News

February 2022 - Through its wholly-owned subsidiary, VSTECS Pericomp Sdn. Bhd., VSTECS Berhad ("VSTECS" or the "Group"), Malaysia's ICT distributor, has inked a distribution deal with the top provider of Zero Trust Edge Cloud Security Platform, iboss ("iboss"). With the help of iboss, security is now in the cloud, allowing the current workforce to connect directly and securely to all applications from any location they choose. Organizations worldwide use iboss to implement the Zero Trust architecture by guidelines like those in the NIST 800- 207 Special Publication.

January 2022 - A Memorandum of Understanding (MOU) was signed in a virtual ceremony by CyberSecurity Malaysia (CSM), the government organization that offers specialized cybersecurity services, EclecticIQ, a global threat intelligence, hunting, and response technology provider, and Syntx, a Malaysian cybersecurity firm. The three institutions have decided to work together on several initiatives to enhance Malaysia's and Southeast Asia's cybersecurity posture to resist emerging threats. One of the main objectives is expanding the use of cyber threat intelligence (CTI), a component of cybersecurity that focuses on gathering and evaluating data about current and possible threats.

Malaysia Cybersecurity Market Report - Table of Contents

1. INTRODUCTION

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

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Value Chain Analysis
  • 4.3 Porter Five Forces
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitutes
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Impact of Covid-19 on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increasing Demand for Digitalization and Scalable IT Infrastructure
    • 5.1.2 Need to tackle risks from various trends such as third-party vendor risks, the evolution of MSSPs, and adoption of cloud-first strategy
  • 5.2 Market Restraints
    • 5.2.1 Lack of Cybersecurity Professionals
    • 5.2.2 High Reliance on Traditional Authentication Methods and Low Preparedness
  • 5.3 Trends Analysis
    • 5.3.1 Organizations in Malaysia increasingly leveraging AI to enhance their cyber security strategy
    • 5.3.2 Exponential growth to be witnessed in cloud security owing to shift toward cloud-based delivery model.

6. MARKET SEGMENTATION

  • 6.1 By Offering
    • 6.1.1 Security Type
    • 6.1.1.1 Cloud Security
    • 6.1.1.2 Data Security
    • 6.1.1.3 Identity Access Management
    • 6.1.1.4 Network Security
    • 6.1.1.5 Consumer Security
    • 6.1.1.6 Infrastructure Protection
    • 6.1.1.7 Other Types
    • 6.1.2 Services
  • 6.2 By Deployment
    • 6.2.1 Cloud
    • 6.2.2 On-premise
  • 6.3 By End User
    • 6.3.1 BFSI
    • 6.3.2 Healthcare
    • 6.3.3 Manufacturing
    • 6.3.4 Government & Defense
    • 6.3.5 IT and Telecommunication
    • 6.3.6 Other End Users

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 LGMS
    • 7.1.2 Wizlynx Group
    • 7.1.3 Securemetric
    • 7.1.4 Akati Sekurity
    • 7.1.5 IBM Corporation
    • 7.1.6 Cisco Systems Inc
    • 7.1.7 AVG Technologies
    • 7.1.8 Nexagate
    • 7.1.9 Capgemini
    • 7.1.10 Ishan Tech
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

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Malaysia Cybersecurity Industry Segmentation

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 Malaysian cybersecurity market is segmented by Offering (Security type (Cloud, Data Security, Identity Access Management, Network Security, Consumer Security, Infrastructure Protection), Services), Deployment (Cloud, On-Premise), and End User ( BFSI, Healthcare, Manufacturing, Government and Defense, IT, and Telecommunication).

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Offering Security Type Cloud Security
Data Security
Identity Access Management
Network Security
Consumer Security
Infrastructure Protection
Other Types
Services
By Deployment Cloud
On-premise
By End User BFSI
Healthcare
Manufacturing
Government & Defense
IT and Telecommunication
Other End Users
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Malaysia Cybersecurity Market Research FAQs

What is the current Malaysia Cybersecurity Market size?

The Malaysia Cybersecurity Market is projected to register a CAGR of 16.84% during the forecast period (2025-2030)

Who are the key players in Malaysia Cybersecurity Market?

LGMS, Wizlynx Group, Securemetric, Akati Sekurity and IBM Corporation are the major companies operating in the Malaysia Cybersecurity Market.

What years does this Malaysia Cybersecurity Market cover?

The report covers the Malaysia Cybersecurity Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Malaysia Cybersecurity Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Malaysia Cybersecurity Industry Report

Statistics for the 2025 Malaysia Cybersecurity market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Malaysia Cybersecurity analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.