Malaysia Generative AI Market | Analysis 2019-2032

Malaysia Generative AI Market Snapshot

• The revenue forecast for the Malaysia generative AI market in 2024, stands at an estimated US$ 462.9 million.
• Furthermore, projections indicate that the market is poised for sustained growth, with an anticipated annual growth rate of 29.84% from 2024 to 2032, as denoted by the Compound Annual Growth Rate (CAGR).
• In terms of market segmentation, hardware emerges as the dominant segment, commanding a market value of US$ 291.4 million in 2024.
• Additionally, by 2024, IT and Telecom vertical is predicted to play a significant role, contributing 34.41% of the total revenue in the Malaysia generative AI market.
• Major industry players in the Malaysia generative AI market are prioritizing strategic collaborations to unlock new opportunities. For instance, in February 2024, Maxis, Malaysia's top integrated telecommunications provider, partnered with Amazon Web Services (AWS) to drive innovation in generative artificial intelligence (generative AI) and 5G use cases for Malaysian enterprise customers. This collaboration targets reshaping digital innovation by offering businesses advanced AI solutions and next-level connectivity through AWS, enhancing the technological landscape for Malaysian enterprises.

Malaysia Generative AI Industry Coverage