Resume by Martin Gøttske
The Internet has taken Southeast Asia by storm and the digital development will help drive what was once one of the most under-developed regions of the world into a 200 billion USD economy by 2025, according to a new study by Google and Singapore’s state-backed investment company, Temasek Holdings Ltd.
Rich with talent, customers and capital, the region is expected to reach 50 billion USD driven largely by the e-commerce and online travel.
Southeast Asia’s Internet demographics have seen huge gains in the five years between 2015 and 2020, with a growth rate of 14 percent meaning that it’s beating out China (four percent) and the United States. Among the 11 nations that make up the region, Indonesia has been marked as the fastest-growing market in the whole region, clocking in a 19 percent Internet growth rate.
The region is edging out mainstays of Asia’s Internet landscape, India and China, to emerge as an Internet-savvy hub where users spend an average 3.6 hours on the mobile Internet every single day. That’s higher than the averages in Japan (one hour), the US (two hours) and the United Kingdom (1.8 hours).