Oh. The objective of these country diagnostics is to assess key levers that drive the development of the digital economy, informing the WBG's operational engagements in individual countries. The global market for " Digital Notes market " is growing rapidly and this is. Now it's three years ahead of Target. Sign up for free newsletters and get more CNBC delivered to your inbox. space. Toward a Digital Economy Satellite Account Update A new report with statistics covering the period from 2005 to 2020 was released in May 2022. Data rates are one of the cheapest in the region at US$1 per 10GB. The diagnostic is part of the World Bank Group's Digital Economy for Africa Initiative in support of the African Union's digital transformation agenda. Pour en savoir plus sur notre utilisation de vos informations, veuillez consulter notre Politique relative la vie prive et notre Politique en matire de cookies. e-Conomy SEA 2022 report: Southeast Asia's digital economy is on course towards $200B GMV in 2022, three years earlier than projected Singapore, 27 October 2022 - Google, Temasek and Bain & Company released the seventh edition of the e-Conomy SEA report - Through the waves, towards a sea of opportunity, today. The research leverages primary research, Temasek insights, Bain analysis, Google Trends, expert interviews, and industry sources to shed light on the digital economy in Southeast Asia. Asia, Asia Stephanie, who's been really driving En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. The world as we know it is continually changing, and one of the fundamental drivers is digital transformation. pandemic. How drones delivering vaccines are saving lives in India. "We note increasing interest in emerging markets, like the Philippines and Vietnam, and in nascent sectors, like SaaS and Web3.". The main driver will be the e-commerce sector, which is seen to hit $22 billion by 2025 at a . And this is a model or a phase of the digital economy that we knew would come. Asian Economic Integration Report 2022: Advancing Digital Services Trade in Asia and the Pacific | Asian Development Bank 2022 publications. The DESI 2022 reports are based mainly on 2021 data. blowing. The latest edition has a special focus on the impacts of the COVID-19 pandemic on digital transformation. funds, they're very excited about spaces Nous, Yahoo, faisons partie de la famille de marques Yahoo. for a bit. About the IDE Play Video Join us Tuesdays for the IDE Lunch Seminar See all Events Fall 2022 IDE Lunch Seminar Series September 20 , December 06, 2022 The trend accelerated during the COVID-19 pandemic and global Internet bandwidth saw its largest one-year increase since 2013. We see another couple of the sectors travel as well as transport ride All in all, it concluded, [Southeast Asias] digital economy is grounded on strong social and economic fundamentals, and offline to online trends, which provides much to be optimistic about especially as the region settles into its digital decade.. September 26, 2022. Measuring the Digital Economy. Southeast Asia's online economy is still on track to reach $1 trillion by 2030 as online shopping becomes the norm, according to the report. Today's economy is digital. this growth? unicorns out there. But again, they've really developed a Tool. Markets never sleep, and neither does Bloomberg. Southeast Asia's (SEA) digital economy has grown from strength to strength these past few years. 2022 Diplomat Media Inc. All Rights Reserved. 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View, About Oct 27, 2022 (Reportmines via Comtex) -- Pre and Post Covid is covered and Report Customization is available. We received great acceleration during the pandemic, built up a really in the longer term. The digital economy is the economic activity that results from billions of everyday online connections among people, businesses, devices, data and processes. Benin (French) (October 2020) Botswana (July 2022) Burundi ( English) ( French) (June 2020) Cameroon (June . We want to hear from you. September 7, 2022. The scores and rankings may thus have changed compared with previous editions. We still see this year as a record The latter half of this year as well as next year, in fact, to about to three Started in 2007, the Otis College Report on the Creative Economy chronicles the creative economy of Los Angeles and California through five creative industries through eight regions of the state. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. This happens as Southeast Asian economies reopened their borders in 2022 after prolonged lockdowns and consumers resumed their shopping offline. The six major economies covered in the report are: Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. Moreover, as the market approaches a point of saturation, digital economy firms started to focus on qualitative improvements rather than rapid growth. This report introduces updated digital economy estimates and replaces earlier estimates. The European Investment Bank's activities to support Africa's transition to a digital economy. Yet, the digital economy still grew by 20% year-on-year. Growth in Southeast Asia's internet economy is slowing after years of expansion, showing that even emerging digital markets aren't immune to economic headwinds. However, the next three years may see a slowdown, the report said, projecting growth in the sector to e-commerce to grow at a 17% CAGR from 2022 to 2025. Power, Crossroads report, it says it's sustained growth across the board here. This site is managed by the Directorate-General for Communications Networks, Content and Technology, Digital Economy and Society Index (DESI) 2022, Follow the European Commission on social media, DESI - Integration of Digital Technology 2022, Review the methodological manual DESI 2022 (.pdf), Digital Economy and Society Index 2022: overall progress but digital skills, SMEs and 5G networks lag behind. Internet usage is highly social By mid-2020, there were 10.8 million Facebook users. FREEPIK. And this, again, is because of those And if I may, that comes back to your trend line. Diagnostics Tool V1.0. The murder of 15-year-old Cassius Turvey is not just a tragedy; sadly, it is a pattern.. How do you further unlock value? The report projects that Southeast Asia's digital economy is on track to be worth $200 billion in 2022. An earlier report in 2016 estimated the internet economy in the region's six major countries will close in on $200 billion in GMV by 2025. We know that we've got some some troubled waters to sell through, if you headwinds are here. economy three years ahead of ahead of Target. levels that are at least as high as they were pre pandemic. sticking around. Former NASA CTO on how to think 'mission first' and what's next for a free space economy. Money, Tokyo Singapore, 10 November 2021 - Google, Temasek and Bain & Company released the sixth edition of the e-Conomy Southeast Asia (SEA) Report - Roaring 20's: The SEA Digital Decade, today.Providing a ten-year outlook for the first time, the report highlights that the region is on the path to become a $1 trillion digital economy by 2030. impressive user base across the region. really see a different trend curves emerging this year. A new report claims that the regions digital economy could be worth more than $200 billion this year, outpacing previous projections. Save. Accelerating Digital Transformation for Long Term Growth DESI country profile (EN) . Data is a real-time snapshot *Data is delayed at least 15 minutes. SINGAPORE South East Asia's top digital economies grew faster than expected in 2022 and are set to reach $200 billion in total value of transactions made this year, according to a new report by Google, Temasek and Bain & Company. At present, most of the funding has been skewed towards digital payment firms. For the country reporting, they are available in English and in the country's official language (s). That's compared to a 10% year-on-year increase in 2021 and 11% growth in 2020, at the height of the coronavirus pandemic. Thursday, 30 June, 2022 . Brands must deliver customer experiences that are timely, relevant, and useful experiences that feel satisfying and connected, not only to their customer journey, but connected to their lives. what they're able to achieve in the coming year. Sep 26, 2022 (The Expresswire) -- ""Digital Inks Market"" Insights 2022 : According to our (Market Growth Report . Updated Digital Economy Estimates - June 2021 . rate, if you will, with digital financial services as well, which has The first wave of growth has been driven This page was last edited on 7 October 2022, at 12:15 (UTC). Read about these issues and more in the new Finance in Africa report. Partners Data and research on internet including broadband, telecom, security, privacy, ICTs, openness, Internet economy, e-commerce, consumer policy and e-government., The OECD Digital Economy Outlook 2020 examines trends and analyses emerging opportunities and challenges in the digital economy. BEIJING, Aug. 1, 2022 /PRNewswire/ -- The Global Digital Economy Conference (hereinafter referred to as GDEC) 2022 opened at the China National Convention Center in Beijing on July 29. For instance, the report states that the digital economy has created 160,000 high-skilled jobs and indirectly supports nearly 30 million jobs, while platforms have enabled over 20 million merchants and 6 million restaurants to grow their businesses online. But it pointed to concerns about the welfare of worker-partners, which is to say, the regions poorly paid gig workers, which it said necessitated dialogue between institutions and platforms., Southeast Asias digital decade continues to provide opportunities for people, businesses and communities to grow, and there are boundless opportunities ahead, Stephanie Davis, the vice president of Google Southeast Asia, said in a statement accompanying the reports release. It examines recent trends and global developments in the data-driven digital economy, and reviews existing data governance approaches at the national, regional . Get briefed on the story of the week, and developing stories to watch across the Asia-Pacific. The Chinese find the unsettled LAC a convenient means of keeping India off-balance and ensuring that this Asian country that has the potential of being an equal to China remains in check.. Given the identity of the reports authors, one can perhaps expect a certain misplaced optimism about the ability of giant private companies to operate for the greater good. digital decade. 05 May 2021. Another growth driver, digital financial services, which includes payments, remittances, lending, investments and insurance, have seen healthy growth from 2021 to 2022, thanks to offline-to-online behavior shifts post-pandemic, wrote the report. (Source: Bloomberg). Yes, a trillion dollars is what we're That said, yes, the macroeconomic Some of Southeast Asia's biggest unicorns such as Grab and Sea Limited have yet to record a profit, amassing billions in losses in 2021. Asia, Pacific Among these services, insurance recorded the highest, growing 31% year-on-year while lending grew 25% year-on-year. for Us. Global shortage of fibre optic cable threatens digital growth. Of the total $7.8 billion raised by the sector last year, $3.5 billion (roughly 44%) went to fintech payment firms, it said. Live market coverage co-anchored from Hong Kong and New York. BEA first published digital economy estimates in March 2018 and . When we talk to V.C. looking at for 20, 30, so we're describing this as Southeast Asia's The elaborate ceremonials of Nguyen Phu Trong's state visit are a reminder of the alternating attraction and resistance that underpin Sino-Vietnamese relations. It had very high adoption and high growth during the pandemic. We do expect some conservancy. Linda Lacina. However, that growth is starting to slow, and was just 4% in 2022 compared to a year ago. Two women using their mobile phones at Raffles Place, the central business district area of Singapore. This GDEC . The MarketWatch News Department was not involved in the creation of this content. They're softening this year, softening a We remain very optimistic. Southeast Asia continues to see growth in the number of internet users with 20 million new users added in 2022, raising the total number of users to 460 million. Dublin, Oct. 28, 2022 (GLOBE NEWSWIRE) -- The "Global Economy 2022-2023: Recession or Soft Landing?" report has been added to ResearchAndMarkets.com's offering. than they had planned. strong user base and high digital adoption and they feel confident about they will move to profitability or achieve net positive contribution sooner Secondly, you've got a new set of enablers, too, out there who can perhaps Yes, we have had a 200 billion digital So they're quite bullish in the longer The report notes that while Nigeria has made some progress, strategic investments and innovations are needed to reach its full digital potential. Last year, activity finally bounced back, lifting GDP growth in 2021 to 4.7 percent. Asia, South "The rising rate environment has led to us to conclude that growth-at-all-costs strategy is no longer a viable strategy. path to profitability. Us, Write After a deep contraction in 2020, the. 09 Aug, 2022, 07.48 PM IST How the metaverse accelerates economic development for emerging economies These are the experiences that build trust. Finding the right balance and calibrating between cost optimization and top line growth is something that all companies have to work through," Fock Wai Hoong, Temasek's technology and consumer deputy head, said on CNBC's "Street Signs Asia.". With cupboards bursting, rotation back into services is well underway, already roughly 6 percentage points below the peak. Download the full report to get an . THE Philippines' digital economy is expected to reach a gross merchandise value (GMV) of $35 billion by 2025, growing at a 20% compound annual growth rate (CAGR) from $20 billion today, according to a report by Google, Temasek, and Bain & Co. 20 October 2022. . Report, Trans-Pacific Defense, China Opportunity in MSME segment In the early 1990s, ethnic Russians left Kazakhstan in droves. "Investors will be cautious in the short-term as most do not expect a return to 2021 deal activity and valuation peaks in the next couple of years," the report said. The report provides a fresh and holistic view of this particular kind of international economic flow. We expect the balance to normalize in 2022 as borders open and services become more accessible and desirable again. The digital economy is already having a massive impact on society, and there is more to come. Publication information. Electronic Access: Free Download . However, they remain vested in the region. The Digital Economy and Society Index (DESI) monitors Europes overall digital performance and tracks the progress of EU countries in their digital competitiveness. ABUJA, November 28, 2019 - Nigeria is . So we see those IPO is lessening and those unicorns really pivoting to the The EDPR report combines the quantitative evidence from DESI (Digital Economy and Society Index) with country-specific policy insights, allowing us to keep track of the progress made in terms of digitalisation by each Member State and providing an important feedback loop for policy-making at EU . Country Diagnostics. The outcome of this months election is far less certain and predictable" than previous ones. The COVID-19 pandemic has accelerated the process of digital transformation and added urgency for Governments to respond. Seventy seven percent penetration. In addition, current macroeconomic conditions such as surging inflation rates have impacted Southeast Asian consumers and the digital economy. Just $5 a month. In its 7th e-Conomy SEA report, Google, Temasek and Bain & Company . Abstract . growth lines or normalized within a year. Now, the 2022 e-Conomy report by Temasek, Google and Bain forecasts digital economy GMV to hit US$330 billion by 2025, and US$600 billion to US$1 trillion by 2030 across six markets of . percent year on year in transport. Online spending in the region . Washington, March 16, 2022 The universal adoption of digital technologies in countries across the Middle East and North Africa (MENA) would reap huge socio-economic benefits, amounting to hundreds of billions of dollars each year and a much-needed surge in new jobs, according to a new World Bank report. New internet user growth slowed down in 2022 at 4% from 2021 to 2022, as compared to a 10% increase the year before. That is the estimate. 4G and 3G coverage is 80 per cent and 85 per cent of the population, respectively. The Zambia Inclusive Digital Economy Status Report 2022 assesses the status of the country's digital economy and evaluates key constraints to the adoption and increased usage of. But we see really strong growth, 115 percent year on year in travel, 43 However, major challenges remain. And it continues to grow. "Nonetheless, most investors remain bullish in SEA's medium- to long-term potential," but venture capitalists remain vested in the region with $15 billion dry powder to sustain deals, continued the report. This report announces new and revised estimates of gross output, value added, employment, and compensation for the digital economy as calculated by the Bureau of Economic Analysis (BEA) for the period 2005-2019. Vietnam's digital economy revenue reached US$ 53 billion in the first quarter of this year, according to a report by the Ministry of Information and Communications (MIC), which was presented at a meeting held by the National Committee on Digital Transformation. But the change that the report suggests will only happen if they are compelled by the regions governments, which have historically shown scant concern for issues like exploitation and economic inequality. Expect there to be declines in . After years of acceleration, digital adoption growth is normalizing, wrote the same report. given the current macro economic situation. Rising prices of critical components cast shadow over 5G rollout and development of data centres. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. Strategist reveals when to get back in, Major tech ETFs saw big inflows last week as investors looked to buy the dip from rough earnings. It highlights how OECD countries and partner economies are taking advantage of information and . 10.7 million smartphones are connected to the internet. With the Chamber's support, record participation is expected at North Star . And then if we look at sectors like Revisiting the resilience of the age limit norm and exploring two counterfactuals. To illustrate the speed of the shift, this threshold has been crossed three years earlier than was anticipated in the inaugural e-Conomy report in 2016 and double the figure of 2019. The attack raises new concerns about growing political instability in Pakistan. Despite the aggressive monetary tightening by the U.S. Federal Reserve, many regional currencies are holding up surprisingly well. ET And you mentioned the 20 percent year on Southeast SEA's digital economy could reach $200 billion GMV in 2022: Report However, the next three years may see a slowdown, the report said, projecting growth in the sector to e-commerce to grow. Sub-Saharan Africa's recovery has been abruptly interrupted. it's going to take a couple of years for them to reach their pre pandemic levels. After years of acceleration, digital adoption growth is normalizing, the report stated. The report did not address the populations of Brunei, Cambodia, Laos and Myanmar, as well as East Timor and Papua New Guinea. Asia, Central The key features of the Injection Pen Market report 2022-2028 are the organization, extensive amount of analysis and data from previous and current years as well as forecast data for the next five . Published every other year, the Report is prepared in close collaboration with external experts and organizations, including e-commerce associations, the ITC, ITU, UNCITRAL, UN regional commissions, UPU, World Information Technology and Services Alliance, WTO and World Bank. The Southeast Asian internet economy is set to reach $200 billion in total value of transactions made this year, three years earlier than projected, according to a new report from Google, Temasek Holdings and Bain & Company. It examines recent trends and global developments in the data-driven digital economy, and reviews existing data governance approaches at the national, regional and multilateral levels. SEA digital economy to grow in 2022 despite headwinds: report. They no longer talk about unicorns, Early-stagers are flourishing, while late-stage investments are impacted by dim public listing prospects, according to the report. Slectionnez Grer les paramtres pour grer vos prfrences. The cost-of-living crisis, tightening financial conditions in most regions, Russia's invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. impressive when you look at the fact that we have returns to retail mobility Digital Publishing Market 2022 : Future Developments, Key Vendors, Regional Analysis and Industry Scope by 2029 | 113 Report Pages Published: Sept. 29, 2022 at 8:59 p.m. I mean, when you talk about the digital economy, it's worth a trillion dollars. The lack of connectivity in remote and rural regions and the low use of digital technologies in connected areas is further . April 29, 2022. Yes, sure. shake out as we see in terms of IPO shows and the public funding. So, yes, there is some good news amidst all of the macro headwinds that are The DESI was re-calculated for previous years to reflect the changes in the choice of indicators distributed among 4 dimensions of DESI (new DESI structure), corrections made to the underlying data, and alongside with the recalculation of the EU average (removal of the UK). What analysts say, Tempted to buy the dip on tech stocks? Digital technologies offer new avenues for economic growth in Africa by accelerating job creation, supporting access to public services and increasing productivity and innovation. SINGAPORE, 1 November 2022 - With Southeast Asia's booming digital economy projected to surpass the US$300 billion mark by 2026, digital payments continue to present tremendous growth opportunities for businesses, according to a new IDC report commissioned by global payments platform 2C2P and global membership association for payments and . The sectors that are driving that, we Singapore-based ride-hailing and food delivery giant Grab saw a less-than-stellar stock debut at the end of 2021 despite being the largest initial public offering by a Southeast Asian company in U.S. history. "After years of acceleration, digital adoption growth is normalising," said the report released Thursday. The OECD Going Digital project gives policy makers the new tools they need. 03 20% of the digital shift in retail stays put reshaping how and what consumers buy. TV Shows. FinAccel the parent of Indonesia's buy now pay later platform Kredivo canceled its IPO plans in October due to unfavorable market conditions. A year after declaring the 2020s Southeast Asias digital decade, this years e-Conomy report states that the regions digital economy is expected to grow twice as fast as GDP in most Southeast Asian countries and could reach up to $1[trillion] by 2030 if the full potential can be unlocked.. And it's experience that connects customers to your brand. See country-by-country reporting on how each Member State fares in the Digital Economy and Society Index - DESI in 2022. Investors are continuing to pivot towards profitability, free cash flow and normalized profit margins. To illustrate the speed of the shift, this threshold has been crossed three years. Global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. If you give us a sense, give us a sense here of, you know, the The majority of digital players are now shifting priorities from new customer acquisition to deeper engagement with existing customers to increase usage and value.. Southeast Asia's digital economy is poised to hit US$200 billion in gross merchandise value (GMV) in 2022 - three years earlier .