Internet economy to hit RM147bil by 2025

“The steep 47% growth of Malaysia’s digital market from US$14bil (RM59bil) in 2020 to US$21bil in 2021 was driven by a significant 68% surge in e-commerce, which is expected to grow to US$19bil (RM80bil) by 2025,” said Google, Temasek and Bain & Co in a joint statement yesterday.

KUALA LUMPUR: Malaysia’s Internet economy is estimated to be worth US$21bil (RM88bil) in 2021, boosted by e-commerce, online media, transport and food growth.

According to Google, Temasek and Bain & Co’s latest edition of the e-Conomy South-East Asia Report, which also observed growth across all sectors of the country’s Internet economy, Malaysia’s digital market is expected to hit US$35bil (RM147bil) by 2025.