The 2016 and 2017 Google-Temasek reports foresaw a $200 billion internet economy in the region by 2025. This year, our research sees such drastic market acceleration that we now expect that number to be closer to $240 billion. Simply put, Southeast Asia’s internet economy hit an inflection point in 2018. Powered by the most engaged mobile internet users in the world, industries like e-Commerce, Online Media, Online Travel, and Ride Hailing grew at an unprecedented rate. Investors have taken notice, pouring record amounts of funds into the region — now it’s time for everyone else to pay attention. Below is a sneak peek at the key figures of Southeast Asia’s internet economy, as well as the full downloadable e-Conomy SEA 2018 report.
Rajan Anandan
Vice President, South East Asia and India, Google
Rohit Sipahimalani
Joint Head, Investment Group, Temasek
Samuele Saini
Head of Strategy & Insights, Google
Srikanth Aryasomayajula
Strategy & Insights Manager (Apps, ECommerce & Entertainment), Google
Well Smittinet
Strategy & Insights Manager, Google
Sources
https://www.thinkwithgoogle.com/intl/en-apac/tools-resources/research-studies/e-conomy-sea-2018-southeast-asias-internet-economy-hits-inflection-point/