The Sales and Services Tax (SST) rate on digital services – up from 6% to 8% on 1 March 2024 - is chargeable on spending on Steam, PlayStation Network, and PC Game Pass, although hardcore gamers are unlikely to be deterred from spending on video games. Indeed, spending on mobile games, online games, console games (digital) is expected to grow steadily over the forecast period.
Static consoles face an uncertain long-term future given the potential for the development of the hosting of games on a far-away server that are streamed to a local device, such as a smartphone, tablet, or a smart TV. Nonetheless, Nintendo is expected to introduce a new console in the forecast period.
AR/VR headsets will continue to grow in popularity during the forecast period, albeit from quite a low base. They will mainly appeal to more affluent local consumers seeking a more immersive gaming experience.
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Understand the latest market trends and future growth opportunities for the Video Games industry in Malaysia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Video Games industry in Malaysia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Video Games
This is the aggregation of video games hardware and video games software. Electronic/computerised educational toys such as Speak & Spell and LeapFrog are excluded from video games and included under pre-school. Video gaming population refers to the population that played a game at least once in the last 6 months on any covered platform. This includes players who have not spent any money on game purchases or in-game content purchases.
See All of Our DefinitionsThis report originates from Passport, our Video Games research and analysis database.
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