Singapore is the established hub for ICT companies in South East Asia. Unicorns like Grab and Sea Group as well as US companies like Microsoft, Oracle, and Amazon Web Services have chosen to be based in Singapore for its world-class infrastructure, supportive business...
Since 2015, Malaysia’s Internet economy has continued to rise at a steady 21% annualized rate despite economic headwinds. The sector reached an estimated value of USD 11 billion in 2019, and is projected to grow to USD 26 billion by 2025. As of January 2020, Malaysia...
Estimated at USD 40 billion in 2019, Indonesia’s Internet economy has more than quadrupled in size since 2015, at an average growth rate of 49% a year. As the largest and fastest growing Internet economy in the region, Indonesia is well on track to cross the USD 130...
The Thai internet economy has grown at a 29% annualized rate from 2015 to 2019, reaching a value of USD 16 billion, representing the second-largest market in South East Asia. It is expected that this value will increase to USD 50 billion by 2025. As of January 2020,...
Vietnam’s Internet economy is booming, reaching a value of USD 12 billion in 2019 on a 38% annualized growth rate since 2015. With its internet economy accounting for over 5% of the country’s GDP in 2019, Vietnam is emerging as the most digitalized economy in the...
The Philippines’ internet economy has grown remarkably from USD 2 billion in 2015 to USD 7 billion in 2019. Of the six largest South East Asian countries, the Philippines has the most room for growth: the internet economy makes up 2.1% of the country’s GDP currently,...