Malaysia’s digital economy to contribute 25.5% to GDP in 2025

The country’s digital economy expected to reach USD34 billion in Gross Merchandise Value

The government of Malaysia created the MyDIGITAL program, which aims to provide a roadmap for the nation to hasten the growth of digital goods and services. Sean Pavone/Shutterstock

The Asia Pacific data centre market is witnessing rapid expansion. Moreover, Eastern Asia had the most internet users (1.2 billion) as of 2022, according to Data Center Dynamics. In comparison, the Americas only had 807 million.

Wandrille Doucerain, head of Data Center Solutions in the South East Asia region for Engie said that there are not enough data centres despite the rapidly growing population using Edge and the impending use of 5G.

In 2019, then-prime minister-in-waiting Datuk Seri Anwar Ibrahim presented the Digital Native Agenda (DNA23), which envisioned how the digital economy will be used to make a significant impact in Malaysia while considering the digital divide, reported The Star.

He has stated that his top short-term tasks are to unite the country in the aftermath of a tumultuous general election and to strive for equitable economic growth in the face of major economic obstacles. 

Malaysia has been talking about the digital economy for a few years now, and it is crucial to assess where it currently is and how far it lags behind regional and international competition – and why.

More: Malaysia partners with China to boost digital economy

Connectivity, digital skills, investment, agile governance, and a digital ecosystem are some of the factors that the new government will need to consider.

Malaysia is on track to generate a digital economy contribution to GDP of at least 25.5 percent in 2025, with the country’s digital economy expected to reach USD34 billion in Gross Merchandise Value. With Equinix‘s entrance into Malaysia, both local companies looking to become global and multinational organizations looking to grow and innovate in the Malaysian market will have new options.

The government of Malaysia created the MyDIGITAL program, which aims to provide a roadmap for the nation to hasten the growth of digital goods and services. Equinix’s expansion in Malaysia is in accordance with this strategy.

The Property Report editors wrote this article. For more information, email: [email protected].

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