Report
Google, Temasek and Bain & Company released the 8th edition of the e-Conomy SEA report – Reaching new heights: navigating the path to profitable growth. Key findings from this year’s report include:
- Despite global macroeconomic headwinds, the region’s gross merchandise value (GMV) continues an upward trajectory and is set to reach $218 billion, growing 11% year-on-year (YoY).
- SEA’s revenue from the digital economy is poised to hit $100 billion this year, growing 1.7x as fast as the region’s GMV.
- Digital economy sectors are showing positive growth trajectories, with travel and transport on track to exceed pre-pandemic levels by 2024.
- Digital financial services (DFS) have succeeded in increasing monetisation and building adjacent revenue streams. Digital payments now make up more than 50% of the region’s overall transaction value.
- Despite the challenging funding environment, dry powder is on the rise in SEA.
- While retaining high-value users is key, expanding reach to outside metro areas will be crucial to unlock the next wave of growth.
