Connect with us

Economy

Thailand’s internet economy to hit 50 billion dollars by 2025

Jack Burton

Published 

 on 

Google and Singaporean investment firm Temasek launched a research program into the internet economies of Southeast Asia In 2016 and continue tracking economies in the region.

Their “E-Conomy SEA 2019” report shows that Southeast Asia’s internet economy reached 100 billion dollars for the first time this year, with 360 million people now linked to cyberspace – 100 million more than just four years ago.

But the region’s internet economy value still only accounts for just 3.7% of the GDP, which represents a huge opportunity for accelerated growth. The report predicts that by 2025, it will triple to 300 billion US dollars.

In Thailand, the internet economy hit 16 billion dollars in 2019, making it the second largest in Southeast Asia, after Indonesia. It’s grown at 29% annually and is expected to reach 50 billion dollars by 2025.

Online travel remains Thailand’s and most mature segment with $7.2 billion in gross value in 2019, growing 17%. E-commerce is the biggest and fastest growing segment in Southeast Asia with Thailand leading the pack at 54% growth since 2015, reaching 5 billion dollars in 2019 and expected to hit 18 billion by 2025.

Online media (advertising, gaming, subscriptions and music and video on demand) is also growing rapidly in Thailand, at 3 billion dollars in 2019, set to reach 7 billion by 2025. This is largely driven by high levels of engagement on social media and video platforms. Ride hailing (Uber, Grab and others) in Thailand reached 1.3 billion dollars in 2019, up 36% since 2015.

Opportunities are also spreading beyond big cities. Now, seven major metropolitan areas make up more than 50% of Southeast Asia’s internet economy, but account for just 15% of the total population. But by 2025, areas outside cities are expected to double growth as well, which means new jobs and opportunities plus greater demand for education and training.

SOURCE: The Nation

Thailand’s internet economy to hit 50 billion dollars by 2025 | News by Thaiger

 

Want more from the Thaiger family?

📱 Download our app on Android or iOS for instant updates on your mobile
📝️ Join the conversation on Thaiger Talk - discuss news & life in our Thailand forums
📧 Subscribe to our daily email newsletter
👍 Like/Follow us on Facebook
🔔 Subscribe to or Join our YouTube channel for daily video updates

image

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.



Read more headlines, reports & breaking news in Thailand. Or catch up on your Thailand news.

Jack Burton is an American writer, broadcaster, linguist and journalist who has lived in Asia since 1987. A native of the state of Georgia, he attended the The University of Georgia's Henry Grady School of Journalism, which hands out journalism's prestigious Peabody Awards. His works have appeared in The China Post, The South China Morning Post, The International Herald Tribune and many magazines throughout Asia and the world. He is fluent in Mandarin and has appeared on television and radio for decades in Taiwan, Mainland China, Hong Kong and Macau.

Follow Thaiger by email:

Myanmar11 hours ago

Burmese military media outlets say ethnic army killed 25 workers

Thailand13 hours ago

PM Prayut Chan-o-cha says drug suppression should to be a national priority

Thailand14 hours ago

Purchases of fancy street lamps being investigated for possible corruption

Phuket Sandbox July 1st

days
hours
minutes
seconds

Thaiger is getting behind local businesses for the restart of tourism in July - up to 50% discounts across all advertising packages in June!

Sponsored by image

Thailand14 hours ago

Thailand News Today | BKK parks re-open… nearly, tropical storm, airport security upgrade | June 14

Thailand14 hours ago

Missing fisherman’s body found in sea off Nakhon Si Thammarat

Coronavirus (Covid-19)15 hours ago

CCSA: We’re out of vaccines

Coronavirus (Covid-19)15 hours ago

Ayutthaya hospital to test all staff for Covid after 18 test positive

Thailand16 hours ago

13 teenagers arrested in Chon Buri for partying, gathering

Crime16 hours ago

Crime Suppression Division seizes dozens of illegal firearms in a series of raids

Crime16 hours ago

Marijuana valued at 10 million baht seized in Nakhon Phanom, 2 arrested

Coronavirus (Covid-19)17 hours ago

Monday Covid Update: 3,355 new cases, provincial totals

Coronavirus (Covid-19)17 hours ago

Almost 100% of teachers and staff vaccinated in Bangkok

Thailand18 hours ago

Almost 8 million register for stimulus scheme, app briefly goes down

Best of18 hours ago

Top 5 best temples in Bangkok

Thailand19 hours ago

Good Morning Thailand | What’s happening in Pattaya, Phuket sandbox, reopening for tourism

Thailand3 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism3 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket3 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism4 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand4 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism4 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand5 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand5 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand5 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand5 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand5 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand5 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand5 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand5 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand5 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8

Trending