Malaysia Telecom Market Size (2024 - 2029)

Malaysia Telecom Market Analysis

The Malaysia Telecom Market size is estimated at USD 8.33 billion in 2024, and is expected to reach USD 9.07 billion by 2029, growing at a CAGR of 1.72% during the forecast period (2024-2029).

Most major telecom companies, such as Edotco, Sacofa Sdn Bhd, Digi telecommunication, Maxis, and Celcom, are based in Malaysia and promote innovation by making significant R&D investments consistently.

• Malaysia's telecom industry has made further strides in expanding its services that support the 5G network. For Instance, In October this year - Digi signed an Access Agreement (AA) with DNB (Digital Nasional Berhad) for access to Malaysia's 5G Single Wholesale Network (SWN). This agreement will enable the company to enrich its current portfolio of services with the gradual deployment of 5G retail services for consumers and enterprise customers. Such initiatives will increase the demand for reliable and high-speed internet connectivity services.
• For instance, In April this year, Celcom and HeiTech signed a memorandum of understanding (MOU) to explore the use of smart healthcare technologies and services in Malaysian ambulances. With the help of Celcom's 4G LTE coverage and high-speed connectivity network services, emergency medical teams on the ground or traveling to hospitals can evaluate and transmit data to medical staff. They will use real-time video feeds for better preparation before the ambulance arrives. Such initiatives across the adoption of Wi-Fi solutions will bring growth opportunities for the telecom market.
• Fiber broadband penetration will grow over the next five years, driven by the efforts from the operators and the government to expand fiber broadband coverage across the country. For Instance, In December, Telekom Malaysia signed a fiber leasing service agreement with state-owned wholesale 5G network operator Digital Nasional Berhad (DNB) to speed up the deployment of the 5G network across the country. TM agreement had a total contract value of USD 474 million over ten years. Through this deal, TM will provide DNB with 5G fiber leasing services for connectivity between DNB's 5G mobile sites and nodes, leveraging on TM's domestic fiber cable network, which spans more than 640,000 km throughout Malaysia.
• Deployment of wireless access to remote locations will help accelerate digitalization and 5G deployment in the country. For instance, edotco proactively engaged with other Malaysian telecom operators to roll out a 5G network across the country.
• During COVID-19, the telecom industry has shown sustainable growth in deploying the 5G network. During the coming year, the telecoms sector will likely experience an increase in the adoption of the 5G network. It may also be difficult for network operators to manage workflows when maintaining and upgrading existing infrastructure. Overall progress toward the 5G network will positively impact the market's growth.

Malaysia Telecom Industry Segmentation

Telecom or Telecommunication is the long-range transmission of information by electromagnetic means.

MAlaysia Telecom Market includes in-depth trend analysis based on connectivity like Fixed Networks, Mobile Networks, and Telecom Towers. The telecom services are divided into Voice Services (Wired and Wireless), Data and Messaging Services, OTT, and PayTV Services. Several factors, including an increasing demand for 5G likely drive the adoption of telecom services.

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