Top Augmented Reality And Virtual Reality Companies in Malaysia

The AR/VR industry has the potential to revolutionize various industries, including healthcare, education, and entertainment. The industry has grown significantly in Malaysia over the years, and this article will discuss the key statistics, growth factors, trends, challenges, and future outlook of the industry in Malaysia.

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CompanyHeadcountContactDescriptionDecision Maker
GOBI PARTNERS102 +60 3-2778 6800
marcom@gobi.vc

Gobi Partners is the most interconnected Pan-Asian venture capital firm with US$1.5 billion in assets under management (AUM) across North Asia, South Asia, and ASEAN. Headquartered in Kuala Lumpur and Hong Kong, the firm supports entrepreneurs from the early to growth stages and focuses on emerging and underserved markets. Founded in 2002, Gobi has raised 15 funds to date, invested in over 320 startups and nurtured 9 unicorns. Gobi has grown to 15 locations across key markets in Bangkok, Beijing, Guangzhou, Ho Chi Minh City, Hong Kong, Jakarta, Karachi, Kuala Lumpur, Lahore, Manila, Riyadh, Shanghai, Shenzhen, Surabaya and Singapore. As a Participant of the United Nations Global Compact, Gobi Partners is committed to aligning strategies and operations with universal principles on human rights, labour, environment and anti-corruption to ensure long-term value creation and sustainability across our portfolio.

VMW GROUP14 +65 6226 3837
onestop@vmwgroup.com.sg

VMW Group is the key to address clients’ needs heads-on by providing a one-stop solution. A game changer in the creative industry, VMW Group provides clients access to a one-stop multi dimensional and faceted group of professionals, applying revolutionizing technology to visualization, addressing client’s concerns and objectives, and approaching them with a multitude of ideas. At VMW Group, we strive to create successful and innovative collaborations with our clients, benefiting from our expertise in cutting-edge technologies . Clients gain from all aspects, from enhancing their marketing initiatives to maximizing their business revenue. Leveraging from our 20 years of experience, we are always at the forefront of excellence, curating unique solutions to achieve your objectives.

MY3DVISION GROUP15 +60 3-2742 7222
hello@my3dvision.com

MY3DVISION is one of the top 3D technology companies in Malaysia. Our team is capable of defining the intangible by providing visualization services for architecture such as creating stunning 3D assets, animation walkthroughs, and interactive presentation experiences for world class companies. Our goal is to provide a fully immersive architectural storytelling unlike anything else you have seen before. We bring the virtual to life through multiple platform integration for you to enjoy an experience beyond imagination.

MAXCOMSOFT2 +60 12-620 3527
info@maxcomsoft.com

Maxcomsoft has over 10+ years of experience in the IT industry and being the market leader for mobile application development in South East Asia. Our highly skilled team of in-house developers and state-of-the-art facilities allow for us to not only provide our clients with the highest quality of our services, but also deliver them below market price and in an efficient, and timely manner. Our specialisations include web development, e-commerce, mobile application development, virtual reality (VR), augmented reality (AR), game design, Internet of Things, SaaS, and artificial intelligence (AI). We also provide business consulting services and strategies to cater to your businesses needs with our partner, Arasaka Sdn. Bhd. When business consulting services, marketing services and public relation strategy services are combined with our IT services, it is a stepping stone for your business to reach new levels of an engaged customer base as well as an exponential increase in sales and…

TRUEXR SDN. BHD.10 +60 3-7731 5996
connect@truexr.com.my

TrueXR aims to combine the best in visual storytelling, technology and interaction to create compelling and immersive VR & AR experiences for people around the world.

FOREFRONT INTERNATIONAL (FOREFRONT)68 +62 21 39506864
enquiry@forefront.international

FOREFRONT is a full-fledged creative group with presence in Southeast Asia and Europe. Founded in Kuala Lumpur as a web-design agency with a team of only four members in 2004, FOREFRONT has subsequently grown into an over 100-strong, award-winning company. FOREFRONT has developed a niche expertise in advertising and marketing of premium products and services. In recent years, it has invested heavily in R&D efforts to enrich its client’s brand experience, coupled with data and trends research to produce insights that drive digital efforts. To date, the firm has worked with some of Southeast Asias most prominent brands including EcoWorld, China Fortune Land Development (CFLD), Prudential, OSK Property, CapitaLand, and many more. Reaching beyond the nation, FOREFRONT also handled international projects including Battersea Power Station, UK and Feliz en Vista, Vietnam. FOREFRONT’s ecosystem covers solution-based subsidiaries such as Aforemention (performance marketing), REignite (real-e…

SOFAX21 +60 12-323 7632
general@sofax.com

A sandbox, a home design game, The Sims in real life, these are what our users define us. SofaX is a virtual reality home design app that redefines the whole experience of furniture shopping, home designing and furnishing. With the SofaX app, you can pick, move, and arrange from over 3,000 pieces of real branded furniture inside 1,500 pre-imported virtual reality-based floor plan spaces inspired by residential projects in the Klang Valley.

COMMON EXTRACT11 +60 3-7662 3322
enquiry@commonextract.com

Were an Award Winning Games Development Studio, We developed Games for IPs Owners (Movies/Animation), Education Centers, Campaigns and Brands. Check out our games demo @ https://gamesdemo.commonextract.com

FOTOBOX CO. | A SOCIAL ENGAGEMENT COMPANY9 +60 3-2732 2638
ask@whatisfotobox.com

Fotobox Co. is a social engagement company that focuses on creating photo related technology for brands. We work with mid to high end brands campaigns and events. We believe in software + hardware experiences that creates lasting impression in consumers. Join us in our mission to be one of the top experiential technology company in SEA. We are looking for like minded, highly passionate individuals to join our team to make our mission a come through. www.whatisfotobox.com MALAYSIA | SINGAPORE | INDONESIA | AUSTRALIA | THAILAND | KOREA | VIETNAM

METAMOSAIC16 +60 3-9226 4449
enquiry@metamosaic.com

Bring Your Designs And Big ideas To Life Through Cutting-Edge 3D Visualisation. We’re experts at communicating vision through digital media for architecture and built environments. Since 2005, our specialisation in innovative 3D visualisation and creative visual communication has allowed us to offer the world advanced viewings of revolutionary ideas and life-changing concepts of tomorrow. From Dubai to Singapore, China and Australia, Metamosaic have completed over 500 3D architectural visualisation and creative marketing projects globally. Such high-profile projects include the Dubai expo 2020, Muscat International Airport, Kuala-Lumpur-Singapore High Speed Rail, ICTY and Tun Razak Exchange. More then a 3d visualisation studio, creative and solution-based services are at the heart of all that we do. By merging information, creative thinking, passion, visualisation and interactive media, our mission is to create unique, high-quality yet cost-effective solutions that deliver results …

AVERNOBLE2 +60 12-918 2406
sales@avernoble.com

AVERNOBLE, offer world-class Professional Development, Soft Skills, Performance Management, Technical Courses, and Business Consultancy with a unique model that is focused on helping our clients identify people and process challenges that may be preventing their organizations from achieving optimal results. Our goals are to partner with you to assess, envision, develop and execute powerful training that increases productivity, improves performance and inspires continuous focus on excellence through a wide range of learning solutions. We take a collaborative approach to creating a tailored training strategy for success. Consultancy & Coaching Programs Around the Globe We at AVERNOBLE adopt a holistic approach to assist our clients in reviewing, refining and developing plans to strengthen the Management practices, systems and processes towards achieving all the above. Our focus area will include Leadership, Planning, Customer, People, Process and Results. - Detailed & Systematic Profi…

ARTBEAST GROUP3 +60 12-345 6789
hello@artbeast.com.my

Artbeast Group Sdn. Bhd. (incorporated in 2022) consist of creative industry experts with specializations in Commercials, Short Film, Corporate Videography, 3D Animation, Augmented Reality (AR), Virtual Reality (VR) and Web Development. It is the organizations main priority to ensure top quality service and proven results for businesses by providing impactful creative media outcomes.

VISIOLAB.MY10 +60 3-4050 9056
hello@visiolab.my

We are a passionate team of creative experts who help businesses achieve industry success. We specialize in digital communications and creative visuals, delivering contents up to industry standards to help brands communicate effectively with their audience. We internalize your values, share the creative thought process and provide innovative and creative visual solutions to meet your business goals. Specializing in digital communications and creating captivating visuals, delivering the industry standard. We pride ourselves on our personal touch, professionalism, and core values. And like you, we’re passionate about working towards bringing visions to life and sending the right message. We aspire to become a leading creative media solutions provider that creates value and empowers businesses to communicate visually. VISIOLAB is a consolidation of Visio Asia Sdn Bhd and TrendLab Media Sdn Bhd

REVERIE DIGITAL MARKETING1 +60 12-973 2714
nirmal@reveriedigital.com.my

Reverie looks at a more liberal and creative approach to digital marketing and training. Rather than only concentrating on results given by analytics we aim to build brands from the ground up or help secure your current brand. Developing a strategy that allows you to grow with current trends and non-conventional methods, we want to help you grow whilst providing you confidence in your business success.

VR HUB MALAYSIA2 +60 12-250 7068
info@vrhub.com.my

VR HUB is the centre for the future of virtual reality(VR) and augmented reality(AR) in Malaysia. The core mission of VR HUB is to educate and accelerate the VR & AR development and the benefits of it in many fields like education, entertainment, industry and travel. Apart from developing VR/AR products and providing professional consultancy for business aspects of VR/AR, VR HUB has proven expertise in VR arcade establishment and arcade management system since VR HUB is running VR arcades locally and internationally.

VAR LIVE MALAYSIA3 +60 3-9202 8338

VAR LIVE TECHNOLGY Group is a developer and publisher of digital entertainment content with over 15 years of hardware and software development experience, focusing on Virtual Reality Integration, Augmented Reality system, and content creation. We have over 5 years of Virtual Reality Focus Development experience, and over 150 developer and animators where we develop all VR entertainment In-house, and a mixture of IC design, robotic skill, cinematic artist team, amusement park construction, sound & music productions. VAR LIVE is one of the only companies that provides VR system globally, and specialized in developing somatosensory VR simulator brands. Not only the VR software, VAR LIVE also actively do research and development on how to bring in VR as realistic as possible. We have patented various technology, including Simulator scenario vibration system, simulator system and processor and scene movement method of VR simulator, simulation device for virtual reality program, Tangle fre…

WALLMASTER MALAYSIA11 +60 3-5525 1885
sales@wallmaster.com.my

The leading establishment in interior design ,renovation, decoration industry for residential and commercial. At Wallmaster, we have everything you need in interior design. Your dream home begin with us.

FRESNEL GROUP OF COMPANIES18
streetview@fresnel.com.my

Fresnel Group of Companies: A Global Leader in Virtual and Augmented Reality Solutions At Fresnel Group of Companies, we pride ourselves as a pioneering force in the Virtual/Augmented/Extended Reality (VR/AR/XR) domain, providing top-tier solutions to clients worldwide. As a MSC Status Google Street View Partner, we have established our presence in nine countries, namely Malaysia, Indonesia, Cambodia, Vietnam, Singapore, Taiwan, South Africa, Canada, and India. Our diverse production teams across these nations ensure seamless execution and exceptional results. With a broad international clientele of 854 businesses, we hold the key to unprecedented marketing opportunities and extensive exposure in the realms of cyberspace and the Metaverse. Our commitment to excellence and innovation drives us to create cutting-edge experiences that captivate audiences and elevate brands to new heights. Moreover, we stand proud as the sole Trusted Google Maps Verifier in Southeast Asia, affirming our…

INNOVEAM26 +60 3-2380 1986

Innoveam is a local technology solutions provider, whereby we use the latest cutting edge ICT technology and high-performance computing to process, analyse, simulate and visualise various 3D datasets for industrial applications. Over the years, Innoveam has grown into a major player in providing 3D based solutions within the region, including for Engineering Design and Virtual Reality /Augmented Reality content development, and actively being part of the Industrial Revolution 4.0.

JETK INNOVATIVE TECH3 +60 16-390 3141

JETK Innovative Tech Sdn Bhd is a fast growing IT company that mainly focus on innovative technology solutions. We pioneered Augmented Reality & Virtual Reality technologies solution in Malaysia for the past 5 years.(period). Application of technology for the real estate developers enhances their marketing efforts as well as helps in cost savings. Other offering services such as mobile apps development, website development & branding marketing solutions. One of specialty is the database collation to the real estate industry.

Top Augmented Reality And Virtual Reality Companies in Malaysia

Key Statistics from 2022

As of 2022, the industry has generated an estimated RM 2 billion in revenue, with over 10,000 people employed in the sector.

Factors Contributing to Growth and Success

The Malaysian government has played a vital role in promoting the growth and success of the AR/VR industry in the country. It has implemented various initiatives, such as the National AR/VR Strategic Roadmap and the Digital Malaysia initiative, which aim to enhance the digital capabilities of the country and its businesses.

Moreover, Malaysia's strategic location in Southeast Asia, coupled with its stable political environment and pro-business policies, has attracted multinational corporations to set up their AR/VR operations in the country, driving the growth of the industry.

Industry Growth and Comparison to Previous Years

The AR/VR industry in Malaysia has seen significant growth over the years. In 2021, the industry was valued at approximately RM 0.6 billion, and it is projected to grow at a CAGR of 38% between 2022 and 2027, reaching a value of RM 4.8 billion by 2027.

One of the key factors driving this growth is the increasing adoption of AR/VR solutions by businesses across various industries. Additionally, the growth of the e-commerce industry and the adoption of Industry 4.0 technologies, such as AI and machine learning, has led to a surge in demand for AR/VR solutions.

Key Trends

The AR/VR industry in Malaysia is experiencing various technological disruptions that are driving the adoption of advanced AR/VR solutions. These disruptions include the use of 5G connectivity, the development of lightweight AR/VR devices, and the integration of AR/VR with other emerging technologies such as AI and blockchain.

Another trend in the AR/VR industry is the increasing focus on immersive experiences. Businesses are increasingly adopting AR/VR solutions that provide immersive experiences to their customers, contributing to their engagement and loyalty. AR/VR vendors can capitalize on this trend by developing solutions that address these concerns and help businesses enhance their customer experiences.

Challenges

Despite the growth and success of the AR/VR industry in Malaysia, there are still several challenges that need to be addressed. One of the significant challenges is the lack of standardization and interoperability in the industry, which makes it difficult for businesses to adopt AR/VR solutions. This challenge can be addressed through the development of industry standards and protocols that promote interoperability and compatibility.

Another challenge is the high cost of AR/VR devices and applications. Businesses may find it difficult to justify the cost of implementing AR/VR solutions, especially for small and medium-sized enterprises (SMEs). AR/VR vendors can address this challenge by developing cost-effective solutions that cater to the needs of SMEs.

Future Outlook

The future outlook for the AR/VR industry in Malaysia is positive, with a projected growth rate of 38% between 2022 and 2027. The increasing adoption of advanced AR/VR solutions, such as those incorporating 5G connectivity and lightweight devices, is expected to drive this growth.

Moreover, the government's initiatives to enhance the digital capabilities of the country, coupled with the increasing adoption of Industry 4.0 technologies, is expected to drive the growth of the AR/VR industry in Malaysia. Additionally, there are opportunities for AR/VR vendors to tap into the emerging industries in Malaysia, such as tourism and real estate, which are expected to drive the country's economic growth in the coming years. The adoption of AR/VR solutions in these industries can help businesses enhance their customer experiences and increase their revenue streams.

Another trend in the AR/VR industry is the increasing importance of data analytics. AR/VR solutions generate vast amounts of data that can be analyzed to provide insights into customer behavior and preferences. AR/VR vendors must develop solutions that can capture and analyze this data effectively to provide valuable insights to their customers.

Conclusion

In conclusion, the AR/VR industry in Malaysia is poised for continued growth and success, driven by government initiatives, technological disruptions, and changing business needs. AR/VR vendors must remain agile and innovative to capitalize on these opportunities and address the challenges facing the industry. With the right strategies and solutions in place, the AR/VR industry in Malaysia can continue to contribute to the country's economic growth and development for years to come.

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By Melissa Goh
Published on 14 May 2023