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DUBLIN, Nov. 2, 2022 /PRNewswire/ — The “Malaysia Data Center Market – Investment Analysis & Growth Opportunities 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
Malaysia data center market is one of the most mature data center markets after Singapore in Southeast Asian countries. Malaysia’s The government is continuously improving the country’s digital economy. The Ministry of International Trade and Industry aims to be a solution provider for new technologies and attract investment in the manufacturing industry.
Regarding the impact of COVID-19 in Malaysiathe government launched various initiatives to improve the economy and the country’s digital infrastructure. These initiatives helped the country to witness growth in cloud adoption by various industry verticals such as enterprises, government agencies, and education sectors.
The cloud service providers such as AWS, Microsoft, Google, and Alibaba have a presence in the country. For instance, the government is appointed Alibaba cloud to support the local SMEs, enterprises, and government agencies.
The investment in renewable energy, from solar and wind energy to power data centers, is increasing. Companies such as Bridge Data Centres (Chindata) and YTL Data Centers have set goals to improve the facilities’ carbon footprint. Free Trade Zones attract operators to invest in the country by enabling various tax incentives. In March 2022Yondr announced plans to develop a hyperscale data center campus with a power capacity of around 200 MW on approximately 72.8 acres in Sedenak Tech Park, which is projected to be built phase-wise out of which the first phase is expected to be live by 2024 .
The rising adoption of smart devices and the growing demand for big data analytics and IoT technologies are prompting several DC investments in Malaysia. The rise in popularity of gaming and surge in digitization across various sectors such as BFSI, manufacturing, IT, and logistics have generated more data, creating a greater demand for DC in the country.
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Full story available on Benzinga.com
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