Shared Prosperity: Inclusivity Drives Digital Growth Surina Shukri CEO, Malaysia Digital Economy Corporation JANUARY 15, 2020
Video Link https://www.youtube.com/watch?v=iohK6RNuoQw
The digital economy is approaching a critical tipping point . By 2023, the global economy will finally reach “digital supremacy” with more than half of all GDP worldwide driven by products and services from digitally transformed enterprises. - International Data Corporation
INTERNET ECONOMY IS EXPECTED TO GROW BY 200% IN THE NEXT 5 YEARS $300 Billion $100 Billion $32 Billion 2015 2019 2025 SEA Internet economy has leapt nearly 40% from 2018 to exceed $100B in Gross Merchandise Value (GMV) in 2019. The $300B forecast in 2025 may arrive sooner! Source: Google & Temasek e-Conomy SEA 2019 Report
ASEAN POPULATION IS EXPECTED TO GROW BY LESS THAN 1% IN THE NEXT 5 YEARS Population growth rate (Global) Source: World Bank
How can the internet economy grow by 200% ... when our population is only growing by less than 1% ?
ASEAN DIGITAL ECONOMY IS SHIFTING AWAY FROM BIG METROPOLISES 2025 2019 % Metros % Beyond Metros Source: Google & Temasek e-Conomy SEA 2019 Report
Consumer services at remote locations are quickly becoming part of the digital economy. Source: Google & Temasek e-Conomy SEA 2019 Report
Herein lies the opportunity for tech companies seize! ` Source: Google & Temasek e-Conomy SEA 2019 Report
Vietnam’s first online An online recruitment platform An upcoming startup that is marketplace that focuses on in Phnom Penh for low & focused on providing delivery the rural consumers rather than unskilled workers, which can be services to the B40 community in the city dwellers. utilised by even illiterate job- the east coast of Peninsular seekers. Malaysia They are one of the top e- commerce marketplace in They are set to become the top Vietnam. job seeking portal in Cambodia.
Unicorns are also looking to expand beyond big cities
Shared Prosperity By being inclusive , we stand a greater chance to increase our business footprint while addressing real-life issues
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DIGITALISATION IS THE SOCIAL EQUALISER
Thank you #LETSBUILDTOGETHER
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