According to the report analysis, ‘Malaysia E-commerce Industry Outlook to 2019 – Driven by Internet Penetration and Mobile Access Devices’ states that the Malaysian E-commerce industry’s revenue has been predicted to continue to develop at a CAGR of ~% throughout 2014-2019. Given the internet penetration and the government spending, the segment will observe growth throughout the period. The traditional brick and mortal retailers are becoming more IT conscious and this has caused a spurt in their IT spending as they are striving to go online to tackle their online counterparts. The E-commerce industry will also augment significantly due to the growth in the number of internet users in the country which are predicted to develop at a CAGR of ~% in the next 5 years.
At Ken Research, the Malaysia E-commerce Industry report delivers the detailed overview on E-commerce market in Malaysia along with its segments. The report covers several aspects such as market size of Malaysia E-commerce industry and segmentation on the basis of domestic and foreign markets and by type of markets (travel, retail, deals and several others).
A major aspect which will be accountable for the unprecedented growth of the e-commerce industry is the growth of mobile internet. This worldwide phenomenon will propel the e-commerce industry’s future growth opportunities. Mobile internet will be a gigantic catalyst for the industry and the 3G/4G and LTE technologies will take the internet speeds further and advantage the stakeholders of this increasing industry. Some foremost telecom providers have already started delivering the 4G and LTE services in Malaysia. The augmented government spending on the IT sector will endure to grow steadily which will in turn prove advantageous for the entire IT industry and hence, assist in flourishing the e-commerce industry in Malaysia. The Malaysian online population is comparatively young with a foremost chunk of individuals in the lucrative 15-34 years age group also well-known as the major target demographic for online shopping.
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This market is majorly propelled by aspects such as growing penetration of the Internet and smartphones, augmenting the dependency on social media to encourage the e-commerce platforms, increasing omni-channel business models, and the initiation of new payment modes. In addition, e-commerce automation offers enormous growth opportunities for players functioning in the e-commerce market.
The internet populace in Malaysia will cross ~ million by the end of this year and is estimated to develop in the future as well. The obtainability of cheap smart phones and laptops have made internet available to a whole new demographic. The arrival of tablets and smart watches has also widened the spectrum of internet utilization. The Malaysian m-commerce industry’s revenue will continue to develop at a CAGR of ~% throughout 2014-2019, which shows the power the mobile internet exhibits in the e-commerce sector around the country. Given the internet penetration, growth of mobile internet and admittance devices and the government spending, the segment will observe growth throughout the coming 5 years i.e. 2014-2019. The SMEs are becoming more IT aware and this has caused a spurt in their IT spending with a number of SMEs going online to set up shop. This trend will endure in the coming years as SMEs are growing at a speedy pace and are becoming aware of the danger posed by their online counterparts.
For More Information on the Research Report, refer to below links: –
Malaysia E-Commerce Market Analysis
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