MIDA
Organization1 article
MIDA is the Malaysian Investment Development Authority, the Malaysian government agency that promotes and coordinates investment in the country. It publishes articles on industry sectors, including the gaming industry.
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Article
The Gaming Industry: A New Game of Growth
The global games market is positioned as a rapidly expanding sector, with Newzoo projecting growth from USD151.9 billion in 2019 to roughly USD180.1 billion in 2021.
- The global games market is projected to grow from USD151.9 billion in 2019 to approximately USD180.1 billion in 2021, with eSports revenue expected to reach USD1.5 billion by 2020.
- Malaysia's gaming industry contributed USD100 million to its revenue in 2018 and is forecast to grow at a CAGR of 10.9% (2018-2023) to USD168 million by 2023, ranking 21st worldwide with USD633 million in total games revenue.
- The Malaysian government, through the Ministry of Communications and Multimedia, recognizes gaming as one of ten key creative industries and has allocated RM10 million in Budget 2019 to develop eSports, aiming to make Malaysia a regional eSports hub.
MIDA