Investing

Published: Wednesday October 9, 2013 MYT 2:24:00 PM
Updated: Wednesday October 9, 2013 MYT 2:26:14 PM

Cloud computing investments in Malaysia to reach RM2.8b

Kuala Lumpur: Cloud Computing investments in Malaysia is expected to reach RM2.8bil by 2020, a significant rise from the RM140mil recorded in 2012.

On a global scale, spending on cloud computing services is expected to grow to RM509 billion by 2020, according to a Forrester Research Forecast.

Multimedia Development Corporation (MDEC) chief executive officer Datuk Badlisham Ghazali said cloud computing was a focus area on Malaysia's ICT Roadmap, having created 3,000 jobs in 2012. 

"Its benefits in delivering on economies of scale, shared computing platforms, more cost effective investment into infrastructure and greater human resources efficiencies, are things we can no longer ignore," he added in his opening address at the MSC Malaysia Cloud Conference here today.

Moving forward, he said, MDEC realises the value and potential of cloud computing and has worked with ICT industry players, stakeholders and other government agencies in driving its revolution in Malaysia.

 "For example in 2011, we launched the MSC Malaysia Cloud Initiative (MMCI), which is focused on stepping up the development of the cloud ecosystem in Malaysia, by driving the adoption of cloud-based services," Badlisham added.

The programme, he said, enabled MSC Malaysia Independent Software Vendors (ISVs) to deploy cloud software and services as a utility, while catalysing demand by local enterprises for "Made in Malaysia" cloud software and services. 

"There are more than 100 ISVs approved under the MMCI, contributing close to RM16.1mil in revenue as of 2012. With more ISVs coming on board in 2013, we expect this number to reach RM20mil by year-end," he added.- Bernama

advertisement

  1. Malaysia's residential property sector enters cooling phase
  2. RM21bil in MRT jobs awarded, progress reaches half-way mark
  3. Intense competition seen in Malaysian insurance industry
  4. Berjaya Food buys remaining stake in Berjaya Starbucks
  5. Harvest Court disputes Zenith, Syawaras EGM plan
  6. Wall Street rejects billionaire Ackman's Herbalife 'death blow', shares rise 25%
  7. Vun, 6 others charged with rigging in DVM Tech shares
  8. MRT Corp voices concerns, worried about LRT 3 integration point at Bandar Utama
  9. Call in the consultants to advise coffee connoisseurs
  10. Escalating land cost in KL and PJ driving developers south of Klang Valley

advertisement

advertisement