The Internet of Things (IoT) has transformed the way businesses operate, enabling greater efficiency and automation in various industries. As of 2022, the industry has generated an estimated RM 10 billion in revenue, with over 10,000 people employed in the sector. The IoT 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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PROMOSYS TECHNOLOGY
23
+60 3-3323 1001 hello@mypromosys.com
We focus on design, develop, certify and manufacture innovative IOT End Device to meet our client futuristic ideas, backed with 15 years of monitoring product development experience and 125 years combine team experience we have the right experience, resource and networks to ensure we can convert your billion dollar idea into a real commercially marketable product in shortest period of time and very affordable cost.
ADEANTE
4
+60 3-7732 2247 hello@adeante.com
Adeante Sdn Bhd is an investment holding company for Adeante group of companies. With diverse management with different industry experiences, Adeante aims to be a company that is driven by sustainable technology development. - Adeante Energy : Green Renewable Energy & Energy Efficiency - Adeante Agri : Vertical Farming - Datanam - Adeante Agro : Sustainable Integrated Ruminant Production - Adeate IOTech : Big Data / Blockchain / IOT / AI - Adeante Healthcare
EKTECH
44
+60 3-7890 1699 info@ektech.com.my
Established in 2002, EKTECH specialises in providing end-to-end advance networking and security solutions. Founded by a team of IT professionals with proven experience in IT, telecommunications, and banking industries, EKTECH has grown from a single tech entity providing security solutions and services to a group of companies. Today, EKTECH is the leading wireless 4G-LTE managed network service provider in Malaysia with solutions to provide fixed or mobile interconnectivity to your entire enterprise need, may it be your offices, branches. EKTECH Group of companies comprises of EKTECH Communications Sdn, EKTECH Systems Engineering Sdn Bhd, EKTECH Eureka MSC Sdn Bhd, EKTECH Eureka Ace Indonesia. Our Services include:- •Secured Wireless Communications• Using the latest cellular technology to provide secured enterprise wireless communications over 4G/LTE especially for the Financial •IOT Enablers• With our myriad of wireless IOT routers and devices, we will assist you to connect the ph…
VECTOR SKY INC
2
+60 17-699 2274 support@vectorskyinc.com
With the evolution of technology embracing our lives more than ever, the world is dynamically adapting to the continuously growing needs of gratification. In this fast-paced advancement and modernization, gaps unfold that explain inadequacy in the outcome. We at Vectorsky Technologies are inspired by our knowledge and driven by our values to read, define, act and close the gaps with our pertinent and diversified solutions portfolio. Our Team of Experts are well versed with their journey through the industry since its inception. We are driven by the true values of empathy and genuineness towards our clients and aim at providing apt solutions to meet your needs. Our diversified solutions portfolio encompasses various domains of internet of things IOT based technology, RFID solutions, Fresh Works platforms and customer responsive website development. Our IOT software solutions provide the users to gain a competitive edge by increasing the focus on operational efficiency through real-time …
GPRO GLOBAL
14
+60 7-776 2260 info@gprotechnologies.com
GPRO is a leading digitization solution provider in the area of IOT (Internet of Things) focusing in transforming our clients business and operations process into the Industrial 4.0 revolution. From our inception to serve Apparel & Footwear Industry, GPRO has also diversified in serving the healthcare, automotive and logistics industry with its base technology competency. With a global outlook we have implemented our solutions in more than 15 countries, allowing us to bring best practices to improve our clients competitive advantage.
IOT CONTACT CENTRE
2
+60 3-7610 2188 enquiry@iotccentre.com
IOT Contact Centre (IOTCC) provides technology-infused customer service solutions worldwide. It provides technology innovation, front- and back-office automation inbound/outbound and contact centre consulting services. The company’s clients include digital, internet, health insurance, automotive companies, as well as banks. IOTCC was incorporated in 2017 and is based in Kuala Lumpur, Malaysia (enquiry@iotccentre.com)
Aspen Spectra, incorporated in 2009, is set up in mind to create a better living through innovations and technologies. Our founders are talents that are formed from different industries and expertise who are known to be versatile and operate in the highest standards of excellence. Amongst the founders are some 30 years experience in IT solution providers, creative designers and IOT products specialists. We are dedicated to bring diversity, bold innovations and reliability to solve your problems and become a business partner that you can trust.
SOFT ROCK TECHNOLOGIES SDN BHD
25
+60 4-619 2603 info@sorotech-my.com
*To be able to integrate all types of machines regardless of the machines’ automation level. We aim to make automation intelligence ‘universally’ accessible and essential to our clients.* SRT is an Automation and Software development company with expertise in process and factory automation. Our core competency is the integration of new and legacy plants, machines, and equipment into superior systems such as Management Execution Systems (MES) or Internet of Things (IOT) platforms according to the Industry 4.0 standard. Since the beginning, our goal has been to develop services that significantly improve transparency of the production floor. This will enable manufacturers to bring their performance to the next level by optimizing the usage of resources, minimizing wastage, and ultimately allowing production to be extremely cost effective. We strive to serve both Global Players (GPs) and Small and Medium Enterprises (SMEs) by providing suitable solutions for each. For GPs with a funct…
MELAB GLOBAL SDN BHD
2
+60 12-720 5562 bong@melabglobal.com
Smart Community IOT Solution ( using mobile apps, facial recognition and car-plate recognition ) for residential compounds and strata buildings.
THE ISO GROUP (IN-SOURCE OPTIONS SDN BHD)
8
+60 3-5103 4687 frank@isogroup.com.my
Construction Safety Training Course Provider in Malaysia Lt. Kolonel Bersekutu (PA) Frank Tan, PMP, PJK, PBP, PAP and the team welcome you to The ISO Group Training & Development Division. The ISO Group is the forefront Behaviour-Based Safety Operations training provider in MHE (Forklift, Reach Truck, Powered Pallet Truck etc), the ONLY Government Agency Certification for MEWP (Scissors Lift, Boom Lift, Sky Lift), Hoisting Machine, Lifting Supervisor, Rigging Slinging & Signalling, Crane & Plant Inspection and Defensive Driving training in Malaysia. The ISO Group Forklift Training and Defensive Driving Course training are developed through the decades of experience of safety stalwarts and practitioners headed by Lt. Kolonel Bersekutu (PA) Frank Tan and his team. Our training especially in Forklift Training, Defensive Driving Course and Crane Operator Training are ‘one-of-its-kind’ integrating the fine delicate model of tool set, skill set and mind set. Their belief is that all trai…
VENTURA IOT
16
+60 3-7832 7886 sales@ventura.my
Ventura IOT is a leading solution provider of Systems Integration, Fiber Optic Sensing Solutions, Pipeline Integrity Monitoring System, Surveillance Systems, Fire & Gas Systems, High Level Security Systems and Internet of Things (IoT).
PT REACH INTERNATIONAL (M) SDN BHD
7
+60 3-8733 3417 info@ptreachinternational.com
PT Reach International (M) Sdn Bhd is a young aggressive company that has good foundations and potential for bigger growth in the future. The company has placed 5 pillars as the foundations and guidance for the Company direction and their activities. The vision of the company will be guided by these 5 policies: Unique, Innovative, Futuristic, Automated and Green. The company activities will focus on the business that is unique in which no other company in Malaysia is doing the same things. The company is having their own Research & Developments team to strike on innovative products and whatever products sold by the company must be relevant for the futuristic used by the society. Moreover the Company is also focusing on products that is categorized as green and user friendly to the Mother Nature. Company Pillars : Unique, Innovative, Futuristic, Automated and Green. Company Tagline : Reach Fopr The Future Company Authorised Capital : Unlimited Company PAid Up Capital : RM 2.2 milli…
FOMEMA IOT has been focused in delivering the Consultancy and Information Technology Managed Services to FOMEMA group of companies, improvise the ecosystem of medical screening systems and developing high-end digital data transmission and Artificial Intelligence (AI) solution for healthcare industry in collaboration with prestigious university. Moving forward, we gather our passionate people and partners focusing on providing our customers with a comprehensive information technology solution from the initial technical consultation to infrastructure setup, software designing and development, database management, system maintenance, security and governance, and support services.
SOPHIC MSC
12
+60 4-640 9087 enquiry@sophicautomation.com
Sophic aims to be a global specialist in enabling Smart into Factories & Cities, worldwide via our integrated Industrial Internet of Things Solutions. Sophic specialist in End to End Industries IOT (4.0) & SMART Factory Solutions.
GD INNOVATIONS SDN BHD
2
+60 3-8082 1219 enquiries@gd-innovations.com
We are a system integrator and turn key software solution provider catering to the digitalisation and automation needs of SMEs and enterprises in meeting tomorrow business challenges. Our expertise area are in the Biometric ID, Biometric based Secured Access System, GS1 EPCIS, RFID Track and Trace, Point of Sales solution, Wireless Sensing and IOT Solution and Smart Vending Solution. Our solutions spans across different verticals from manufacturings, tradings, service providers, agriculture, food and beverages, warehouse logistics, university campuses, e-government and financial institutions.
CLOUD IOT
9
Led by a visionary founding team, Cloud#IOT is laying the foundation in bringing these and evolving subsystems together into a whole and ensuring that these systems function together to simplify IT complexity and streamline operations, helping businesses become more agile, efficient and profitable. Today, Cloud#IOT is continuing to help organizations rethink and innovate as the technologies of cloud, data science and Internet of things are coming together in a very interrelated manner.
LIGHTHOUZ SOLUTIONS
2
+64 4 385 8868
🚞Green building ♻️Sustainability 🥇LEEDS certification 🤖IOT 🏬Smart building Some big jargon. We are living in an age where we like it or not, there are a lot of information which we can obtain online at the tip of our fingertips. It is a very competitive and informative world. How we use and interpret the information is CRUCIAL. For building managers & hospitality managers, many are looking to automate their processes, thus lowering personnel cost and provide efficient reporting. For business owners, many are looking at how to reduce their operating cost (Air conditioning, lighting, etc) For others looking at a 🤩“WOW” factor🤩 – a fully automated, energy efficient and sustainable office, where your lighting, blinds or shutter, security systems, air conditioning system, audio visual system and remote control system are all connected; working harmoniously together. Well, that is what we do. We can help you: - 👀 Get noticed (turn heads to notice your stores) ⚡️ Up to 70% savings in el…
COWORK VENTURE SDN BHD
3
+60 3-8605 3501 hello@coworkventure.com
CoworkVenture is set up in May 2018 by Warren Yeo and Karen Cheng who are experienced angel investors. Both of them are managing their own portfolio in high growth startup companies ranging from fintech AI, behavioural science data analytics, edutech, social media data analytics and IOT since 2012.
Top Internet Of Things Companies in Malaysia
Factors Contributing to Growth and Success
The Malaysian government has played a vital role in promoting the growth and success of the IoT industry in the country. It has implemented various initiatives, such as the National IoT 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 IoT operations in the country, driving the growth of the industry.
Industry Growth and Comparison to Previous Years
The IoT industry in Malaysia has seen significant growth over the years. In 2021, the industry was valued at approximately RM 8.8 billion, and it is projected to grow at a CAGR of 24% between 2022 and 2027, reaching a value of RM 27.6 billion by 2027.
One of the key factors driving this growth is the increasing adoption of IoT 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 IoT solutions.
Key Trends
The IoT industry in Malaysia is experiencing various technological disruptions that are driving the adoption of advanced IoT solutions. These disruptions include the use of edge computing, the adoption of 5G connectivity, and the integration of IoT with other emerging technologies such as AI and blockchain.
Another trend in the IoT industry is the increasing focus on sustainability and energy efficiency. Businesses are increasingly adopting IoT solutions that help them reduce their carbon footprint and energy consumption, contributing to their sustainability goals. IoT vendors can capitalize on this trend by developing solutions that address these concerns and help businesses meet their sustainability targets.
Challenges
Despite the growth and success of the IoT 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 IoT solutions. This challenge can be addressed through the development of industry standards and protocols that promote interoperability and compatibility.
Another challenge is the increasing complexity of IoT solutions and the need for skilled professionals to develop and implement these solutions. The shortage of skilled professionals in the field of IoT can make it difficult for businesses to find and hire qualified personnel. This challenge can be addressed through various initiatives, such as the provision of training and education programs.
Future Outlook
The future outlook for the IoT industry in Malaysia is positive, with a projected growth rate of 24% between 2022 and 2027. The increasing adoption of advanced IoT solutions, such as those incorporating edge computing and 5G connectivity, 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 IoT industry in Malaysia. Additionally, there are opportunities for IoT vendors to tap into the emerging industries in Malaysia, such as smart cities, agriculture, and healthcare, which are expected to drive the country's economic growth in the coming years. The adoption of IoT solutions in these industries can help businesses manage their data more efficiently and effectively, contributing to their success and the overall growth of these sectors.
Another trend in the IoT industry is the increasing importance of cybersecurity. As the number of IoT devices and applications continues to grow, so does the risk of cyber threats and data breaches. IoT vendors must prioritize cybersecurity and develop solutions that address these concerns to ensure the safety and security of businesses and individuals using IoT devices and applications.
Conclusion
In conclusion, the IoT industry in Malaysia is poised for continued growth and success, driven by government initiatives, technological disruptions, and changing business needs. IoT 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 IoT industry in Malaysia can continue to contribute to the country's economic growth and development for years to come.
