Tuesday , June 6 2023

240 billion Business in Dollar: Internet-Economy in Southeast Asia


By 2025, the Internet economy of South-East Asia will be about $ 240 billion. Reaching US dollars, because affordable mobile Internet will help boost industries such as e-commerce and online taxi services. This was stated by CNBC in reference to the Google and Singapore Temasek Holdings research.

The new estimate estimates two companies in 2016 to $ 40 billion. The research focuses on six countries in the region – Singapore, Indonesia, Malaysia, Vietnam, Thailand and the Philippines. The previous research covers four main areas of Internet services – paid booking, online marketing, online media and online tour operators. The new study adds online services such as food order, subscription to music and video.

By the end of this year, the Internet economy of the region will increase by 37% to $ 72 billion by 2017.

Indonesia is one of the largest and fastest growing Internet economies in South East Asia, reaching $ 100 billion by 2025. This is 40% of online costs in the region.

90% of Internet users in Southeast Asia can access the global network via smartphone. There are currently 350 million Internet users in six countries of the region, and by 2015 it will be 260 million.

Online stores are the fastest growing economy, with their business volume over $ 23 billion in 2018. There are 120 million online shop users in the region, and this year the volume of business has grown by over 100 percent.

Rajan Himan, vice president of India and South East Asia, says there are three major players in the sector – Shopee, Tokopedia and Lazada, with 70% of the market in the region.

According to the report, the trade turnover will exceed $ 100 billion by 2025 as part of enhancing consumer confidence in online shops. The leader in the growth of growth is Indonesia, which has one dollar in each region for this purpose.

The turnover of online-taxi service this year will reach $ 7.7 billion. These services are available in more than 500 cities in South-East Asia. By 2025, the volume of business in this industry will reach about $ 30 billion.

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