India@75: A nation in the making

Southeast Asia outpaces web growth target

Internet economy to reach $240 billion by 2025, says Google-Temasek report

Harichandan Arakali
Published: Dec 17, 2018 02:54:01 PM IST
Updated: Dec 17, 2018 03:08:50 PM IST

Southeast Asia outpaces web growth target Image: Neo Chee Wei / Getty Images

Southeast asia’s internet economy “keeps blowing expectations out of the water”, Rajan Anandan, Google’s vice president, and Rohit Sipahimalani, Temasek’s joint head of Investment Group, wrote in a recent report, revising upward their previous projections for the region.

Southeast Asia outpaces web growth target
Their 2016 and 2017 e-Conomy SEA reports foresaw a $200 billion internet economy in the region by 2025. But it is taking much less time to get there. With eight years to go, Southeast Asia is already more than a third ofthe way to the target. And tech companies in the region have already raised half of the $40-$50 billion in funds that Google and Temasek expected them to attract. Their 2018 report projects a $240 billion Southeast Asian internet economy by 2025.

Check out our Monsoon discounts on subscriptions, upto 50% off the website price, free digital access with print. Use coupon code : MON2022P for print and MON2022D for digital. Click here for details.

(This story appears in the 04 January, 2019 issue of Forbes India. To visit our Archives, click here.)

Show More
Post Your Comment
Required, will not be published
All comments are moderated