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MDEC s commissioned study shows Malaysia s big data analytics market expected to grow to US$1 9b by 2025
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MDEC s commissioned study shows Malaysia s big data analytics market expected to grow to US$1 9b by 2025
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10 May 2021 / 22:12 H.
PETALING JAYA: Malaysia Digital Economy Corporation (MDEC) is optimistic about the big data analytics (BDA) market growth outlook and the significant digital investment opportunities that it can bring, especially in the data technology and service-related field.
In Malaysia, MDEC commissioned a study by IDC has forecast the BDA market to grow in 2021 from US$1.1 billion (RM4.5 billion) to US$1.9 billion in 2025 with the services sector contributing 64% of the total data-driven spending, while the banking and telecommunications sector contributing nearly a third.
“Covid-19 has been a true game-changer in terms of demand for BDA which is backed by the surging demand for data and cloud services, both accelerating digital transformation and enabling business sustainability,” MDEC investment and brand senior vice president and chief marketing officer Raymond Siva said.
Published on: Tuesday, May 04, 2021
By: Bernama
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Kuala Lumpur: Malaysia must lay a strong foundation to support the new wave of digitalisation, especially now that the Covid-19 pandemic has accelerated the growth of the digital economy and opened up opportunities for a variety of new digital businesses, the Malaysia Digital Economy Corporation (MDEC) said.
Senior vice-president, investment and brand division Raymond Siva
(pic) said laying a solid foundation is critical to ensure that Malaysia could holistically transform itself into an advanced digital economy and the agency continued to see investment momentum in the digital tech industry domestically.
“Recent commitment from global giants such as Huawei and Dell Technologies is a glowing endorsement of Malaysia’s digital capabilities, platforms and infrastructure, propelling us on course to be the Heart of Digital Asean,” he told Bernama recently.
Monday, 03 May 2021 04:32 PM MYT
A bird s-eye view of Kuala Lumpur July 8, 2020. Picture by Hari Anggara
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KUALA LUMPUR, May 3 Malaysia must lay a strong foundation to support the new wave of digitalisation, especially now that the Covid-19 pandemic has accelerated the growth of the digital economy and opened up opportunities for a variety of new digital businesses, the Malaysia Digital Economy Corporation (MDEC) said.
Senior vice-president, investment and brand division Raymond Siva said laying a solid foundation is critical to ensure that Malaysia could holistically transform itself into an advanced digital economy and the agency continued to see investment momentum in the digital tech industry domestically.
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