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Thursday, March 28, 2024

Internet economy on trajectory to $53bn value

Thailand’s internet economy is expected to hit US$53 billion in 2025, a compounded annual growth rate (CAGR) of 25% from an estimated $18 billion this year, driven by e-commerce and online travel segments, according to the e-Conomy SEA 2020 report.

Thailand is projected to have the second largest internet economy in the region this year after Indonesia, despite economic challenges.

The report indicated 30% of all digital service consumers in Thailand are new to the service because of the pandemic. Some 95% of them are likely to continue their online behaviour in the post-pandemic era.

The report, jointly commissioned by Google, Temasek and Bain & Company, looks into the growth of the internet economy in six Asean countries: Thailand, Vietnam, the Philippines, Malaysia, Singapore and Indonesia.

E-commerce, transport and food, online travel, online media,…

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