Cloud Computing Investments In Malaysia To Reach US$873.6 Mln By 2020

Kuala Lumpur, Oct 9 (Bernama) -- Cloud Computing investments in Malaysia is expected to reach US$873.68 million (RM2.8 billion) by 2020, a significant rise from the US$43.68 million (RM140 million) recorded in 2012. On a global scale, spending on cloud computing services is expected to grow to US$158.79 billion (RM509 billion) by 2020, according to a Forrester Research Forecast. Multimedia Development Corporation (MDEC) Chief Executive Officer 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 Wednesday. 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 US$5.02 million (RM16.1 million) in revenue as of 2012. With more ISVs coming on board in 2013, we expect this number to reach US$6.23 million (RM20 million) by year-end," he added. -- BERNAMA