Southeast Asia's Digital Economy To Triple To $240 Billion By 2025, Says Google Report (techcrunch.com) 26
An anonymous reader quotes a report from TechCrunch: It may sit in the shade of China and India, but tech has real growth potential in Southeast Asia. Home to a cumulative 650 million people, the region's digital economy is forecast to triple in size and reach $240 billion over the next seven years, according to Google's third "e-Conomy SEA" report. The annual study, which is authored by Google and Singapore sovereign fund Temasek and is arguably the most comprehensive research program for tech in Southeast Asia, has raised its estimation for the size of the digital economy in 2025 from an initial $200 billion after seeing the region reach "an inflection point."
Southeast Asia has 350 million internet users across its six largest countries -- that's more than the entire U.S. population -- and the latest data suggests its internet economy will reach $72 billion this year, up from $50 billion last year and $19.1 billion in 2015. Online travel accounts for the majority of that revenue ($30 billion) ahead of e-commerce ($23 billion), online media ($11 billion) and ride-hailing ($8 billion), and that rough breakdown is likely to be maintained up until 2025, according to the report. Indonesia, the world's fourth largest country by population, is forecast to hit $100 billion by 2025, ahead of Thailand ($43 billion) and Vietnam ($33 billion), with strong growth forecast across the board. Indonesia and Vietnam, in particular, have seen their respective digital economies more than triple since 2015, according to the data.
Southeast Asia has 350 million internet users across its six largest countries -- that's more than the entire U.S. population -- and the latest data suggests its internet economy will reach $72 billion this year, up from $50 billion last year and $19.1 billion in 2015. Online travel accounts for the majority of that revenue ($30 billion) ahead of e-commerce ($23 billion), online media ($11 billion) and ride-hailing ($8 billion), and that rough breakdown is likely to be maintained up until 2025, according to the report. Indonesia, the world's fourth largest country by population, is forecast to hit $100 billion by 2025, ahead of Thailand ($43 billion) and Vietnam ($33 billion), with strong growth forecast across the board. Indonesia and Vietnam, in particular, have seen their respective digital economies more than triple since 2015, according to the data.
digital logo (Score:5, Informative)
It's for the company DEC, not for generic "digital" things.
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We tell the millennial BeauHD this every time he posts an article with the DEC logo just because the headline includes the word "digital". BeauHD doesn't know about anything that happened before about 2005. It's hopeless. He never learns.
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You aren't the first and you won't be the last to point out this fact.
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Perhaps it will be time again to... (Score:3)
use the stock market to drain it again. re: "trillion dollar bet" of the 90's. google it.
Wow... (Score:3)
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yeah once the procedural generation takes hold of artificially created unending porn creation... the end is a near.