E Commerce Activities In Malaysia 2020

Sitec has made remarkable achievement in making the annual ecm award to become a premier annual event for the tech industry in malaysia where internet alliance is a proud supporter he adds.

E commerce activities in malaysia 2020. But in such a different environment from pre covid 19 times how has the pandemic impacted malaysia and the world s e commerce industry. This country s ecommerce growth is growing exponentially and with it being a recent wave with an expected compounded annual growth rate of 8 4 between 2020 2024 it means you could still ride on it and gain your market share of malaysian ecommerce too. Despite losing its status as the top e commerce site lelong is still being ranked among the top five e commerce marketplaces. It was established in 2007 and was once become the biggest e commerce platform in malaysia.

Nine out of 10 business establishments in malaysia are smes. A middle income country with a digital population of more than 20 million people malaysia attracts appetites both from local and global companies interested in grabbing a share of its e commerce market. Despite of our small domestic market some of these e commerce players have started to grow beyond malaysia and asean which in turn would help malaysia to be a future power house in e commerce. Market overview the logistics industry in malaysia has evolved in recent years.

This statistic shows the e commerce market value in malaysia from 2014 to 2015 with a forecast from 2016 to 2020. One of the most dynamic countries online in southeast asia malaysia is a very attractive market for e commerce. In 2020 the e commerce market value in malaysia is expected to be worth about. Malaysia freight and logistics market growth trends and forecast 2019 2024.

Pioneering as malaysia s e commerce marketplace lelong comes before lazada 11street and shopee. Latest numbers from the department of statistics malaysia also indicate that the digital economy accounted for 18 2 of the country s gdp in 2016 while the share of e commerce in the national gdp has increased to 6 1 compared to 5 9 in 2015.