MDEC’s commissioned study shows Malaysia’s big data analytics market expected to grow to US$1.9b by 2025. [Newspaper] (2021)
Abstract
The big data analytics (BDA) market in Malaysia is expected to grow to US$1.9 billion (about RM7.85 billion) in 2025, from US$1.1 billion in 2021, according to Malaysia Digital Economy Corp’s (MDEC) commissioned study by IDC.
The study noted that the services sector will contribute 64% of total data-driven spending, with the banking and telecommunications sectors contributing nearly a third, MDEC noted in a statement on May 10.
MDEC senior vice-president for investment and brand cum chief marketing officer Raymond Siva said the Covid-19 pandemic had been a game changer in terms of demand for BDA, backed by surging demand for data and cloud services.
| Item Type: | Newspaper |
|---|---|
| Keywords: | Big Data, Complex analysis, Telecommunication |
| Taxonomy: | By Subject > Computer & Mathematical Sciences > Information Technology By Subject > Computer & Mathematical Sciences > Statistics |
| Local Content Hub: | Subjects > Communication & Media Studies |
| Depositing User: | Mohd Aizat Abd Halim (Seremban) |
| Date Deposited: | 19 Nov 2021 08:20 |
| Last Modified: | 19 Nov 2021 08:20 |
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