SINGAPORE, Nov 1 (Reuters) – Southeast Asia’s internet market is expected to grow 11% year-on-year in 2023, slowing from last year’s 20% growth, a report said. published a trade report on Wednesday.
The annual report released jointly by Alphabet’s Google (NASDAQ: ), Singapore’s state-owned investor Temasek Holdings and global business consultants Bain & Company, also said the region The internet industry could be worth $295 billion in 2025, down from a previous estimate of $330 billion.
“The digital economy is showing great growth opportunities, with travel and transportation expected to surpass the pre-transition level in 2024,” the company said in a statement. out.
The region, made up of 11 countries and more than 500 million people, has a young population, widespread use of mobile phones and a growing middle class, making it one of the world’s largest internet business.