According to Google, and Singapore’s Temasek Holdings, Southeast Asia’s internet economy, including online travel and online media, will worth $240 billion by 2025. This forecast is almost 20% higher than the last year’s estimate, reflecting speedy growth of the new series like regional startups and online vacation rentals.
On this, the sovereign wealth fund and the US tech giant have published reports, starting from 2016. The last survey entails new services, including video on demand, online food delivery, and subscription music. All these new businesses have lifted revenue estimates for the economy as a whole.
To simply put, the internet economy of Southeast Asia had hit an inflection point in the last year, 2018. The study forecasts threefold growth in this sector. Based on a recent research conducted by Hootsuite, internet users in Thailand typically spend 4 hours 46 minutes per day by mobile. And this in fact is more than any other country.
Thailand, being the 2nd largest internet economy in the region, has been driven by e-commerce market plus rapid growth in online advertising and gaming. However, the online travel industries have massive headroom for growth and are attracting investment from the Southeast Asian unicorns.
The investors have taken a note and have poured huge amounts of funds into the region. And it is likely that more number of investments will keep pouring in.
