{"id":39274,"title":"Southeast Asia: An Emerging Market With Booming Digital Growth","publisher":"Share Talk","author":"sharetalk","published":"2018-02-28T17:43:48+00:00","modified":"2018-02-28T17:43:48+00:00","canonical_url":"https://www.share-talk.com/southeast-asia-an-emerging-market-with-booming-digital-growth/","markdown_url":"https://www.share-talk.com/southeast-asia-an-emerging-market-with-booming-digital-growth.md","json_url":"https://www.share-talk.com/southeast-asia-an-emerging-market-with-booming-digital-growth.json","category":"Learning and Investing","categories":["Learning and Investing"],"tags":["Digital Growth","Emerging Market","JEFF DESJARDINS","Southeast Asia"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":" \n\nWhen it comes to economic growth in Asia, the focus often falls on China.\n\nHowever, while China’s story is continually staggering in its scale, the Chinese economic powerhouse is only a part of a much wider story in Asia.\n\nJust like China, rapidly-growing countries like Vietnam, Indonesia, Cambodia, and The Philippines are also seeing their economies transform in meaningful ways – and Southeast Asia as a whole is becoming one of the most exciting regions for technological adoption, foreign investment, and digital innovation in the world.\n\nToday’s infographic comes to us from [Sea](http://www.seagroup.com/), and it helps shed some light on the digital wave that’s powering the growth across a geographically expansive and tremendously diverse region.\n\n \n\n[!\\[\\](http://2oqz471sa19h3vbwa53m33yj.wpengine.netdna-cdn.com/wp-content/uploads/2018/02/southeast-asia-digital-economy.jpg)](http://www.visualcapitalist.com/southeast-asia-digital-growth-potential/)\n\nCourtesy of: [Visual Capitalist](http://www.visualcapitalist.com)\n\n## A DIGITIZING ECONOMY\n\nWith a younger population, growing affluence, and people that are increasingly tech-savvy, the internet population in Southeast Asia is expected to swell from 260 million to 480 million between 2015 and 2020.\n\nMore and more business is being done online in the region – and as a result, it is estimated that by 2025, the digital economy in Southeast Asian countries will be worth a hefty $197 billion.\n\nThat’s an impressive 640% increase over the size just a decade prior.\n\n## SECTORS TO WATCH\n\nWhich parts of the digital economy will see the most impact?\n\nAccording to proprietary [data](https://docs.google.com/presentation/d/1Bp4KT-W8RF4ZorPUthts8X-B7QHBhsEnY1T5G7XifU0/present?ueb=true&slide=id.p) from Google and investment company Temasek, the most interesting sectors to watch in the region should be in e-commerce, digital entertainment, online travel, and digital financial services.\n\n![](https://www.share-talk.com/wp-content/uploads/2018/02/Capture-34-300x93.jpg)\n\nE-commerce, which is expected to grow by 261% between 2016 and 2021, is one of the region’s most explosive sectors. With a lack of physical retail stores and limited choice of goods in Southeast Asia, rapidly-growing access to the internet provides a new means for people to shop.\n\nFurther, the travel and transportation market is also expected to boom with a 90% increase by 2021, and this will be driven by growing ridership in taxi-on-demand services. The area will also see its digital entertainment sector – defined as the combined mobile and PC gaming markets – grow at nearly triple the pace of China over the coming years (145% vs 54%).\n\nLastly, mobile payments is another sector to watch, as tech enables Southeast Asians to “leapfrog” traditional payment technologies like physical bank or credit cards. By 2021, mobile payments will have a 43% market share in the region.\n\n![](http://2.gravatar.com/avatar/bb18798e371a5d8fd8e52038cd5d1008?s=200&r=pg&d=mm)\n\n[JEFF DESJARDINS](http://www.visualcapitalist.com/author/visualcapitali/)\n\nJeff Desjardins is a founder and editor of Visual Capitalist, a media website that creates and curates visual content on investing and business.\n\n- [WEBSITE](http://visualcapitali.wpengine.com/)\n\n "}