Artificial Intelligence
Malaysia Data Center Market Investment Analysis and Growth Opportunities to 2025: Market Size is Likely to Reach Revenues of $800+ Million, Providing Lucrative Opportunities
Dublin, Sept. 14, 2020 (GLOBE NEWSWIRE) — The “Malaysia Data Center Market – Investment Analysis and Growth Opportunities 2020-2025” report has been added to ResearchAndMarkets.com’s offering.
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Malaysia Data Center Market Report
Malaysia Data Center Market Size To Cross $800 Million, Growing At a CAGR Of Over 8% During The Period 2020-2025.
Malaysia’s data center market size is likely to reach revenues of over $800 million by 2025. VADS Berhad, Keppel Data Centres, and Alpha Data Centre Fund, Katalyst Data Management, and Regal Orion are some of the prominent investors in the Malaysia data center market. Malaysia is likely to gain increased traction for data center investments owing to the land shortage faced by Singapore to facilitate greenfield developments. The expansion by hyperscale across other Southeast Asian countries is likely to lead to an increase in investments in Malaysia.
Over 80% of the population has access to the Internet, the data traffic in Malaysia Internet Exchange is around 35 Gbps per day, which is expected to grow at about 5-10% YOY between 2020 and 2025. The Malaysian government has planned to generate 20% renewable energy by 2025. To achieve the target, an $8 billion investment is required for the renewable energy sector from the public-private partnerships and private financing. The increase in digital transformation initiatives by enterprise verticals will aid the growth of PaaS and IaaS providers such as Google and AWS, thereby boosting the market growth.
Several Malaysian and Chinese enterprises have planned to establish an Artificial Intelligence park at a cost of $1 billion. The aim is to build a commercial AI ecosystem, increase artificial intelligence talent, and grow AI-related research initiatives in Malaysia. The Malaysia national industry 4.0 framework has designated initiative programs to adopt IoT, sensor technology, artificial intelligence/machine learning (AI/ML), mobile connectivity, robotics, and 3-D printing.
Infrastructure projects such as the National Fiberisation and Connectivity Plan (NFCP) are to be implemented by the government to improve inland connectivity across Malaysia in the next five years. Big data analytics digital lab has the helped the government to map public health patterns and improve safety and convenience in transportation facilities.
Key Deliverable
- An assessment of the data center investment in the market by colocation, hyperscale, and enterprise operators
- Exhaustive insights into the impact of the COVID-19 on the Malaysia data center market shares
- Investments in terms of area (square feet) and power capacity (MW) in the country
- Datacenter colocation market in Malaysia
- Retail & wholesale colocation pricing in Malaysia
- A detailed study of the existing market landscape, an in-depth industry analysis, and insightful predictions about the size of the Malaysia data center market during the forecast period
- Classification of the Malaysia data center market into multiple segments and sub-segments with sizing and forecast
- A comprehensive analysis of the latest trends, potential opportunities, and growth restraints, and prospects of the data center market
- Presence of prominent data center investors, construction contractors, and infrastructure vendors
- A transparent market research methodology and the analysis of the demand and supply aspect of the market
Key Highlights of the Report:
- The high usage of services such as cloud storage services among businesses across the region will increase the demand for high-performance storage solutions.
- The development of hyperscale and cloud data centers is likely to drive the demand for ethernet switches and routers.
- The market will witness a rise in the adoption of NVME SSD storage as part of flash-storage adoption for critical application.
- Diesel generators are likely to dominate the Malaysia data center power market with new facilities likely to deploy a mix of diesel and gas generators.
- Modular data center deployments will include low-voltage switchgear as they are economical and efficient.
- 42U rack units are the most commonly used in data centers, and it is expected to dominate the region during the forecast period along with the adoption of 45U-47U rack units.
- Malaysia is witnessing an increase in the construction of greenfield projects, with a strong potential for modular data center projects.
Report Coverage:
This report offers an elaborative analysis of the Malaysian data center market investments in terms of infrastructure and geography. It discusses sizing and estimation for different segments with respect to the investment in data centers. The segmentation includes:
- Infrastructure Type
- IT Infrastructure
- Electrical Infrastructure
- Mechanical Infrastructure
- IT Infrastructure
- Server
- Storage
- Network
- Electrical Infrastructure
- UPS
- Generators
- Transfer Switches and Switchgears
- Other Electrical Infrastructure
- Mechanical Infrastructure
- Cooling Systems
- CRAC & CRAH Units
- Chiller Units
- Cooling Towers & Dry Coolers
- Other Units
- Racks
- Other Mechanical Infrastructure
- General Construction
- Building Development
- Installation & Commissioning Services
- Building Design
- Physical Security
- DCIM
- Tier Segments
- Tier I & Tier II
- Tier III
- Tier IV
Key Market Participants
IT Infrastructure Providers
- Inspur
- Hewlett Packard Enterprise
- Dell Technologies
- Cisco
- NetApp
- Huawei
- Fujitsu
- NEC Corporation
- IBM
- Lenovo
Construction Service Providers
- Nakano Corporation
- DSCO Group
- Shaw Architect
- AVO Technology
- B-Barcelona Consulting
- ISG
- NTT Facilities
- CSF Group
- S5 Engineering Sdn Bhd
- Powerware Systems Sdn Bhd
Support Infrastructure Providers
- ABB
- Caterpillar
- Cummins
- Eaton
- Legrand
- Schneider Electric
- Vertiv
- Rittal
- MTU Onsite Energy
- Mitsubishi Electric
- Hitec-Power Protection
- Fuji Electric
- Global Data Center LLP
Data Center Investors
- VADS BERHAD (Telekom Malaysia)
- Keppel Data Centres
- Katalyst Data Management
- Regal Orion
Target Audience:
- Datacenter Real Estate Investment Trusts (REIT)
- Datacenter Construction Contractors
- Datacenter Infrastructure Providers
- New Entrants
- Consultants/Consultancies/Advisory Firms
- Corporate and Governments Agencies
Why Purchase this Report?
- To gain competitive intelligence about the industry and players in the market.
- To focus on the niche industry.
- To offer a presentation-ready format and easy-to-interpret data.
- To enable decision-makers to make informed and profitable choices.
- To provide the expert quantitative and qualitative analysis on the revenue and growth projections of the data center market.
For more information about this report visit https://www.researchandmarkets.com/r/mfi8rc
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Artificial Intelligence
LG STRENGTHENS EUROPEAN PRESENCE WITH ITS KITCHEN SOLUTIONS SHOWCASE AT MDW 2024
Featuring Advanced AI Technologies and Sleek Design, Company’s Expanded Lineup of Built-in Appliances Brings Outstanding Convenience and Style to the Kitchen
SEOUL, South Korea, April 18, 2024 /PRNewswire/ — LG Electronics (LG) is unveiling its latest built-in kitchen appliances at Milan Design Week (MDW) 2024, taking place in Milan, Italy, from April 16-21. At the center of LG’s Milan showcase are the brand-new Signature Kitchen Suite built-in oven, free zone induction hob, and downdraft hood. Boasting innovative, premium design and highly-convenient features, the company’s refined built-in solutions bring exceptional ease-of-use and effortless elegance to the kitchen.
Signature Kitchen Suite Built-in Oven with Advanced Cooking Technologies
Debuting at MDW 2024 and designed with European consumers in mind, the Signature Kitchen Suite 60-centimeter (24-inch) built-in oven offers a variety of cutting-edge features and AI technologies to elevate the culinary experience. Equipped with Gourmet AI™️, the oven can identify what the user is cooking and automatically select the appropriate cooking mode from 130 recipes. Gourmet AI also enables ‘browning’ control for foods such as pizza and steak, actively keeping tabs on the cooking process and notifying users via the ThinQ™️ app as soon as their food is done. Thanks to video-recognition, LG’s intelligent oven can suggest the optimal settings for the dish being prepared, while real-time video monitoring and time-lapse recording make it easy to check on the progress of one’s meal using the ThinQ app.
Employing enhanced ProBake powered by inverter technology, the new oven delivers uniform heat and fast, efficient cooking with an A++ energy rating. LG’s innovative technology rotates the convection fan back and forth to ensure shorter preheating times, even heating, and crispier results when using the oven’s Air Fry mode. The company’s unique InstaView™️ technology further enhances user convenience, making it possible to see inside simply by knocking twice on the oven door.
Free Zone Induction Hob for Convenient and Flexible Cooking
The Signature Kitchen Suite’s 90-centimeter (36-inch) free zone induction hob presents next-level flexibility and ease-of-use, allowing users to place any size and type of cookware – such as Paella pans and moka pots – anywhere on its cooking surface.* The new appliance can detect and track the position of cookware, eliminating the need to manually cancel and reapply settings when moving a saucepan or skillet from one part of the cooking surface to another. What’s more, the AI technology embedded in the hob can detect the temperature of cookware and automatically lower the heat when necessary, helping to minimize spills and splatter when boiling water or preparing soups and sauces.
Expanded Built-in Lineups for Diverse Kitchen Lifestyles
LG is further bolstering its built-in product lineup with the introduction of the new Signature Kitchen Suite downdraft hood. Made to integrate seamlessly into islands and countertops, the 90-centimeter (36-inch) hood offers a sleek, sophisticated look with its chic black glass and modern frame design. It also provides powerful ventilation, effectively extracting steam and odors for a more pleasant cooking experience.
Additionally, LG has expanded its portfolio of built-in appliances for the European market. Along with new products, such as an 80-centimeter (30-inch) induction hob and built-in combi refrigerators and microwave ovens, the company now provides a wider range of options within its oven lineups – from more product variation to a greater choice of colors and sizes. Among the new models are the Signature Kitchen Suite 122 centimeter (48 inch)-wide French-door refrigerator and stunning appliances from the Transitional lineup, featuring slim handles and satin stainless steel exteriors with a velvety matte finish. To help customers create a curated kitchen aesthetic, the company offers an array of new finishes for its premium built-in products, with black stainless steel and stainless steel joining the previously-introduced black glass finish.
“We are thrilled to showcase our latest built-in innovations at this year’s Milan Design Week, demonstrating our commitment to leading new design trends and meeting the diverse needs of European customers,” said Lyu Jae-cheol, president of LG Electronics Home Appliance & Air Solution Company. “LG will continue to strengthen its presence in Europe through an expanded range of built-in appliances delivering style, performance and convenience in the kitchen.”
Visitors to MDW 2024 in Milan from April 16-21 can experience LG’s latest built-in lineups at the LG booth at Milan Fairgrounds.
* Cookware recognition may vary depending on the size or number of items placed on the surface.
About LG Electronics Home Appliance & Air Solution Company
The LG Home Appliance & Air Solution Company is a global leader in home appliances, air solutions as well as smart home solutions featuring LG ThinQ. The company is creating various solutions with its industry leading core technologies and is committed to making life better and sustainable for consumers and the planet by developing thoughtfully designed kitchen appliances, living appliances, HVAC and air purification solutions. Together, these products deliver enhanced convenience, superb performance, efficient operation and sustainable lifestyle solutions. For more news on LG, visit www.LGnewsroom.com.
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Artificial Intelligence
DataTracks Celebrates Completion of 19 Years
SINGAPORE, April 18, 2024 /PRNewswire/ — DataTracks, a provider of cloud-based software to automate/generate compliance reports for filing with financial/security regulators to more than 28,000 business enterprises in 26 countries, celebrates the completion of 19 years of service and innovation. Founded with a vision to make regulatory compliance “accurate, reliable, timely, and easy”, DataTracks has grown into a leading name in the industry, worldwide with cutting edge software that incorporates “artificial intelligence” aided features to reduce “time to prepare” and improve “accuracy”.
Decades of Dedication and Expertise
Over nearly two decades, DataTracks has achieved significant growth, with its software delivering more than 400,000 reports, showcasing its pivotal role in regulatory reporting. The software and service address regulations across diverse jurisdictions, including SEC in the USA, HMRC and FCA in the UK, Revenue in Ireland, CIPC in South Africa, ACRA in Singapore, MCA in India, SSM in Malaysia and ESMA, EBA, and EIOPA in Europe.
DataTracks distinguishes itself in the industry
(a) with its global footprint (preferred by business enterprises whose regulatory obligations are spread across multiple jurisdictions)
(b) with its state-of-the art software that incorporates “AI/ML” features and
(c) with its credentials for information security (including ISO 9001:2015 and ISO 27001:2013 certifications)
Addressing the employees and spouses in a town hall meeting to celebrate the event, Vinod P John, President of DataTracks said: “We are happy to start our 20th year in the industry. I have to thank the 28,000 clients who trust us and the several hundred employees who developed our software and who helped customers (and our internal team) prepare compliance reports for reaching this milestone. We’ve always believed in leveraging technology to make regulatory compliance as easy, quick, timely, and accurate as possible for our clients. Our continuous investment in AI and machine learning is a testament to this belief, and it’s what keeps us at the forefront of the industry.”
Looking ahead, DataTracks is ready to address upcoming mandates such as the DATA Act and FTA in the US as well as the MBRS/XBRL mandate by SSM in Malaysia.
About DataTracks
DataTracks is a Singapore-based globally renowned leader in providing cloud-based regulatory compliance software for self-use and “black box services” using the same software, catering to 28,000 clients across 26 countries. In 19 years DataTracks has helped its client enterprises prepare more than 400,000 compliance reports for filing with financial/security regulators in several jurisdictions. Financial analysts have rated the quality of reports generated using DataTracks as top of industry for quality; significantly above that of several of its competitors. For further information, visit www.datatracks.com.
For Business Enquiries: Email: [email protected]; Phone: Singapore: +6531582850, US: +1(646)9048324, UK: +44(0)2036088035
Media Contact: [email protected]
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Artificial Intelligence
SAS advances industry solutions with packaged AI models
Tailored, lightweight AI models facilitate rapid deployment with low overhead
LAS VEGAS, April 17, 2024 /PRNewswire/ — SAS INNOVATE — Today at SAS Innovate, SAS – a pioneer in data and AI solutions – unveiled a game-changing approach for organizations to tackle business challenges head-on. Introducing lightweight, industry-specific AI models for individual license, SAS is equipping organizations with readily deployable AI technology to productionize real-world use cases with unparalleled efficiency.
AI software provider SAS is uniquely positioned to flex its decades of expertise in applying scalable and trustworthy AI models for prominent global financial, health care, and manufacturing brands, as well as government institutions.
“SAS is evolving its portfolio to meet wider user needs and capture market share with innovative new offerings,” said Chandana Gopal, Research Director, Future of Intelligence, IDC. “An area that is ripe for SAS is productizing models built on SAS’ core assets, talent and IP from its wealth of experience working with customers to solve industry problems.”
In today’s market, the consumption of models is primarily focused on large language models (LLMs) for generative AI. In reality, LLMs are a very small part of the modeling needs of real-world production deployments of AI and decision making for businesses. With the new offering, SAS is moving beyond LLMs and delivering industry-proven deterministic AI models for industries that span use cases such as fraud detection, supply chain optimization, entity management, document conversation and health care payment integrity and more.
Unlike traditional AI implementations that can be cumbersome and time-consuming, SAS’ industry-specific models are engineered for quick integration, enabling organizations to operationalize trustworthy AI technology and accelerate the realization of tangible benefits and trusted results.
Expanding market footprintOrganizations are facing pressure to compete effectively and are looking to AI to gain an edge. At the same time, staffing data science teams has never been more challenging due to AI skills shortages. Consequently, businesses are demanding agility in using AI to solve problems and require flexible AI solutions to quickly drive business outcomes. SAS’ easy-to-use, yet powerful models tuned for the enterprise enable organizations to benefit from a half-century of SAS’ leadership across industries.
Delivering industry models as packaged offerings is one outcome of SAS’ commitment of $1 billion to AI-powered industry solutions. As outlined in the May 2023 announcement, the investment in AI builds on SAS’ decades long focus on providing packaged solutions to address industry challenges in banking, government, health care and more.
“Models are the perfect complement to our existing solutions and SAS Viya platform offerings and cater to diverse business needs across various audiences, ensuring that innovation reaches every corner of our ecosystem,” said Udo Sglavo, Vice President for AI and Analytics, SAS. “By tailoring our approach to understanding specific industry needs, our frameworks empower businesses to flourish in their distinctive environments.”
Bringing AI to the massesSAS is democratizing AI by offering out-of-the-box, lightweight AI models – making AI accessible regardless of skill set – starting with an AI assistant for warehouse space optimization. Leveraging technology like large language models, these assistants cater to nontechnical users, translating interactions into optimized workflows seamlessly and aiding in faster planning decisions.
“SAS Models provide organizations with flexible, timely and accessible AI that aligns with industry challenges,” said Sglavo. “Whether you’re embarking on your AI journey or seeking to accelerate the expansion of AI across your enterprise, SAS offers unparalleled depth and breadth in addressing your business’s unique needs.”
The first SAS Models are expected to be generally available later this year. Learn more about SAS Applied AI and Modeling here: https://blogs.sas.com/content/tag/applied-ai-modeling/.
Today’s announcement was made at SAS Innovate, the data and AI experience for business leaders, technical users and SAS Partners. Keep up with the latest news from SAS by following @SASsoftwareNews on X/Twitter.
About SASSAS is a global leader in data and AI. With SAS software and industry-specific solutions, organizations transform data into trusted decisions. SAS gives you THE POWER TO KNOW®.
SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2024 SAS Institute Inc. All rights reserved.
Editorial Contact:Jennifer [email protected] 202-210-4180 sas.com/news
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