Please submit your order within that time frame to avail of this price as all prices are subject to change. Note: Product cover images may vary from those shown. Due to their size and reach, Alibaba and Tencent were able to turn their online payment methods into the de-facto standard for e-commerce in China. Singapore also attracts entrepreneurs for its low corporate tax rate of 17%, compared to the median corporate tax rate of 20% for the whole of Southeast Asia. The internet economy in Southeast Asia is on the rise. There is a misconception that e-commerce is all about the front end — website design and mobile applications. e-Commerce and Ride Hailing continue to beat the most optimistic of predictions. A study conducted by PayVision shows that “an estimated 55% of all e-commerce in Singapore and 40% of all Malaysian e-commerce is cross-border, an extremely high percentage compared to cross-border e-commerce figures for Japan (18%) and South Korea (25%)”. The publication indicates that the growth in this part of the world has attracted the attention of regional and global online merchants as exemplified by Alibaba’s partnership with Singapore-based Lazada. E-commerce, which is expected to grow by 261% between 2016 and 2021, is one of the region’s most explosive sectors. In fact, according to PayFort, the Middle East e-commerce market would grow to US$69 billion by 2020, almost doubling in size in just a few years. What is the projected size of the B2C E-Commerce market in Southeast Asia by 2025? Which B2C E-Commerce trends are prominent across the Southeast Asian markets? E-commerce isn’t limited to consumers. With a population of 5.6 million, Singapore makes up less than 1% of the people who live in Southeast Asia. This is a 1-10 user license, allowing up to ten users have access to the product. Southeast Asia’s online shopping market is big and getting bigger. Several websites and digital applications are already present in the Malaysian e-commerce landscape, with some global, regional and national players grabbing their shares. And Alibaba is first and foremost a third-party business—tens of millions of merchants on the platform, all competing, all creating variety. After 2000, the e-commerce market was mainly dominated by business-to-business ... Malaysia rapidly spread out to neighbor countries and figure now among the more visited and efficient websites in South-East Asia. At present, the Asia-Pacific region already leads the pack in global B2C e-commerce, according to a 2015 Research and Markets report. Exactly what, and where, is Southeast Asia? B2C E-Commerce Sales, in USD billion, by Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, 2018e & 2023f, and CAGR, in %, 2018e - 2023f, B2C E-Commerce Sales by Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam, in USD billion, 2015, 2018e & 2025f, and CAGR, in %, 2018e - 2025f, Top 10 Most Visited E-Commerce Platforms, by Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam, Q1 2019, Top 10 Shopping Apps by Most Active Monthly Users, by Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam, Q1 2019, Smartphone User Penetration, in % of Mobile Phone Users, 2015 - 2018, Breakdown of Devices Used to Access E-Commerce Websites, in % of E-Commerce Users, 2018e, M-Commerce Share of Total Retail E-Commerce Sales, in %, 2018, Breakdown of E-Commerce by Local and Cross-Border, According to Buyers and Sellers, in %, 2018e, Breakdown of E-Commerce Sales by Social Commerce and Retail E-Commerce, in USD billion, 2017 & 2022f, Internet Economy Market Size, in USD billion, by Sector, 2015, 2018e & 2025f, Retail E-Commerce Sales, in USD billion, 2018 & 2023f, E-Commerce Share of Retail Sales, in %, 2019f, Internet Penetration, in % of Individuals, 2017 - 2022f, Breakdown of Frequency of Online Shopping, in % of Internet Users, March 2019, Top 3 Product Categories Purchased Online, in % of Online Shoppers, 2018, Payment Methods Used in E-Commerce, in % of Online Shoppers, September 2018, Breakdown of Main Drivers for Online Shopping, in % of E-Commerce Users, 2018e, B2C E-Commerce Players Overview, May 2019, Most Used E-Commerce Websites, in % of Online Shoppers, 2018, Product Categories Purchased from the Top Local Online Shopping Websites, May 2018, B2C E-Commerce Market Overview and International Comparisons, August 2019, Breakdown of Internet Traffic by Device, in %, 2018, Devices Used for Shopping Online, in % of Online Shoppers, 2018, Breakdown of Reasons to Use Social Media, in % of Social Media Users, September 2018, B2C E-Commerce Sales, in USD billion, and Year-on-Year Change, in %, 2014-2017 & 2020f, Retail E-Commerce Sales, in USD billion, 2018e & 2023f, B2C E-Commerce Share of Total Retail Sales, in %, 2012-2017 & 2020f, Internet Penetration, in % of Population, 2017-2022f, Online Shopper Penetration, in % of Internet Users, 2018e, Product Categories Purchased Online, in % of Online Shoppers, 2018, Breakdown of Payment Methods Used in Latest Online Purchase, in % Online Shoppers, 2018, Payment Methods Used in E-Commerce, in % of Online Shoppers, 2016 & 2018, Breakdown of Perceptions on Online Shopping, incl. Each month 3.8 million people gain internet access—adding to the current base of 260 million users that is projected to grow to 480 million by 2020. The US has the second highest number of cross-border online shoppers in the world – 82.72 million – although as a percentage of total online shoppers, it places significantly lower. Still, Lazada remains the most visited e-commerce platform in Malaysia, Singapore, the Philippines and Thailand, according to the study. If you look at the most valuable e-commerce company in Asia, it’s Alibaba, with a $240 billion market cap. In 2020, the e-commerce market in Southeast Asia amounted to approximately 62 billion U.S. Southeast Asia is currently a very attractive market for companies involved globally in the e-commerce sector and smaller local players. Global B2C E-commerce Industry September 2020 $ 5450 Global E-commerce Payment Industry July 2020 $ 4950 E-commerce Plastic Packaging Market - Growth, Trends, Forecasts (2020 - 2025) August 2020 $ 4250 The Environmental Impact of E-Commerce 2020 January 2020 $ 2150 The number of Internet users in Southeast Asia, and particularly in the 6 largest ASEAN … Should you pursue funding for your startup? Cross-border e-commerce is expected to witness high growth than the overall e-commerce market, at a global level. Specifically, there is: Mainland Southeast Asia, also known as Indochina, includes: However, Singapore has attracted 27% of all the e-commerce startups in the region—including the most startups valued over US$ 10 million, US$ 100 million and US$ 1 billion. Statista reports that consumers across Southeast Asia spent more than US$53 billion in 2018 on online purchases of consumer goods, travel products and services, and digital media (e.g. Last Published: 8/19/2019. and the size of the overall US eCommerce market. Southeast Asia’s ecommerce trends. Each license type allows a set number of users to access the report. Many publishers across the globe are already targeting SEA, with some striking results. e-Conomy SEA is a multiyear research program launched to shed light on the Internet economy in Southeast Asia. The market is growing rapidly, from US$558.1 million in revenue in 2017, to US$860.1 million 7 in 2019, and is predicted to reach US$ 1.1 billion by 2024. E-commerce set to burgeon in SEA The principal portal to the Internet and the pathway for the majority of online purchases in 2018 in Indonesia was a smartphone. to $100 billion for the first time in 2019, more than tripling in size over the last four years. Six of the top 10 fastest-growing ecommerce countries in 2019 hail from the Asia-Pacific region, led by India and the Philippines at more than 30% growth and rounded out by China, Malaysia, Indonesia and South Korea. Moreover, with increased demand in air freight from online shoppers, the Civil Aviation Authority of Singapore has recently opened the e-commerce AirHub at Changi Airport. Southeast Asia’s cross-border e-commerce accounts for more than 40% of the total e-commerce market in the region. $102 billion is the expected size of Southeast Asia’s e-commerce market in 2025. 2018 was the year of e-commerce in Southeast Asia, which doubled in value from the previous year. This is a single user license, allowing one specific user access to the product. At the start of 2017, SEA Ltd. (formerly Garena) received US$ 757 million in funding in order to expand its Indonesian based e-commerce store Shoppee. New business models, online platforms and logistics companies will all be needed to keep up with fast growing demand. This website uses cookies to ensure you get the best experience. We are overly excited to release this week our latest White Paper on the State of eCommerce in SEA, leveraging iPrice’s proprietary data from more than 1,000 eCommerce merchants across the region… Top E-commerce in Southeast Asia Q2 2019. As we’ll explore in greater detail below, Thailand’s online travel sector grew by 28 percent last year, adding more than US$900 million in the space of just 12 months to reach a total market size of … Cross-border trade will likely continue to be a driving factor for the growth of e-commerce in Southeast Asia. Startups raised $9.1 billion in the first half of last year, almost as much as throughout the whole of 2017. Copyright © 2002-2020 Research and Markets. This is an enterprise license, allowing all employees within your organization access to the product. And that is very much the Asian model of e-commerce. The study found that the region’s share of total retail sales had already surpassed that of Western Europe and North America. Compelling opportunities and important challenges for the future of ecommerce in Southeast Asia . Meanwhile, Tokopedia, Bukalapak and Vietnam’s Tiki are among the top five most popular e-commerce platforms in southeast Asia, although they sell only in a single market. They will require easy access to cross-border trade. More residents of the region for the first time will have access to buy and sell goods online. By 2025, the Internet economy is expected to grow to $300 billion. Speak to our Custom Research Team. Southeast Asia B2C E-Commerce Market 2019. The growth, trends, forecast, and the impact of COVID-19 of the market studied have been captured in this report. But those who can control the entire supply chain and logistics will win”. After a seed round funding of US$ 840,000, the logistics company plans to also make shipping more efficient in Thailand and Indonesia. HVAC (Heating, Ventilation, & Air Conditioning). Southeast Asia (SEA) is the world’s fastest-growing internet region. While Amazon and eBay failed to enter e-commerce market in China, they have managed to establish a significant footing in the still-developing Indian market. Electronics and media. Who are the leading E-Commerce market players in Southeast Asia? E-commerce in Southeast Asia – a global growth bright spot. The large population is particularly attractive for its youth and new found spending power. Singapore’s key geographic location has made it a logistics hub for goods moving through Southeast Asia. Its middle class is expanding. We covers news and analysis of startup activity, general entrepreneurship, regulatory changes, startup events, ideas and opportunities in Singapore. With e-commerce continuously reaping record profits, the sector will play a valuable role in the region’s digital economy. All Rights Reserved. Africa and the Middle East: $18.6 billion; South America: $17.7 billion ; Looking at those same figures along country lines reveals the 10 largest ecommerce markets in the world currently are: Of course, what truly matters isn’t where we are but where we’re going—the future of ecommerce. Second largest country in Southeast Asia, the Philippines is a large and rapidly developing market for e-commerce. An in-depth look at local ecommerce markets for six of Southeast Asia’s largest economies: Indonesia, Malaysia, The Philippines, Singapore, Thailand, and Vietnam. Approximately 70% of people in Southeast Asia are under the age of 40. Southeast Asia is the emerging hub of the e-commerce market, due to the already high and yet growing population, rising disposable income, increasing access to the internet, smartphone penetration, and developing transport infrastructure leading to efficient logistics services w… However, 2018’s title for fastest-growing online travel market goes to a Southeast-Asian country. So there is a lot of empty truck space moving around unutilized.” Ezyhaul works with enterprise trucking companies in Singapore and Malaysia to quickly match shipments with unused cargo trucks. Projections of the rapid growth of online commerce in Vietnam move it to second place in the region by the end of this year, bumping Thailand to third among the Southeast Asian sales volume leaders. Which devices, products, and payment methods do Southeast Asian online shoppers prefer? Using 2023 projections, a slight reordering appears, as well as one standout leader: China. Southeast Asia B2C E-Commerce Market 2018 Prodigious growth foreseen for online commerce in Southeast Asia through 2025 says yStats.com report Germany-based online business research company yStats.com’s new report “Southeast Asia B2C E-Commerce Market 2018” forecasts eight-times the sales volume of last year by the middle of the next decade. With a lack of physical retail stores and limited choice of goods in Southeast Asia, rapidly-growing access to the internet provides a new means for people to shop. Which B2C E-Commerce trends are prominent across the Southeast Asian markets? In addition, the Singapore government has passed forward-thinking e-commerce policies to protect consumers—a key step to building trust with Southeast Asian shoppers who see a high amount of fraudulent activity. Which devices, products, and payment methods do Southeast Asian online shoppers prefer? Singapore based Ninja Van, an express delivery service already provides last mile delivery services in Singapore and Malaysia. Online Media and Online Travel keep growing at a steady rate, with ample room to expand further. Southeast Asia is made up of 10 nations: Thailand, Indonesia, the Philippines, Vietnam, Malaysia, Myanmar, Laos, Cambodia, Brunei and Singapore. Mariana will help you find what you are looking for. When we look at South and East Asia – the region where e-commerce has the fastest growth – the lion’s share of e-commerce is owned by home-grown players such as Alibaba and JD.com in China and Flipkart in India. With a population of 600 million — twice that of the U.S. — Southeast Asia is poised to eventually become the third-largest e-commerce market in … Dublin, June 09, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Southeast Asia B2C E-Commerce Market … In a joint study by Google and Temasek, Southeast Asia’s internet economy is slated to be worth more than US$240 billion by 2025, US$40 billion more With 630 million people, a growing middle class and rising internet penetration, SEA is often considered to be the next gold rush for e-commerce. B2C E-Commerce expanding rapidly in the Philippines While rapid growth rates of online sales are characteristic of the six countries covered in this report other than Singapore, already a mature market, it is the Philippines that is the growth leader in Southeast Asia. This is a major concern as most rely on “cash on delivery” as a payment option. Overview Malaysia is an attractive market for eCommerce in Southeast Asia due to its dynamic economy and developed infrastructure for digital technologies. Which devices, products, and payment methods do Southeast Asian online shoppers prefer? Please select an option from the list below. For 2025, the Indonesian e-commerce market was predicted to generate 83 billion U.S. dollars in online retail sales, increasing from 21 billion U.S. dollars in 2019. According to Export.gov, a website run by the US Department of Commerce and other government agencies, Taiwan has one of the highest e-commerce penetration rates globally, with a market size of US$37.6 billion in 2016. Lastly, Singapore offers the best foreign market access of any of the AEC nations with 20 bilateral and multilateral free trade agreements with countries including the United States, India, China and Japan. As such, success requires the ability to pivot quickly. 06 etail in ietnam Navigating the digital retail landscape Figure 3: List of some retailers in Vietnam’s market No. In comparison, a new company can incorporate in Singapore in as little as 15 minutes. By then, these 45.77 million eCommerce users will spend an average of US$48.72 online. The product is a PDF. The e-commerce market in South East Asia is a $100 billion market today and could grow to $300 billion by 2025, according to Mashable.com. Southeast Asia’s top ecommerce platforms and retailers . video on demand, music streaming services, and video games).. We focus on the six markets that make up the majority of South East Asia’s gaming market: Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam. With its dynamic economy and developed infrastructures for digital technologies, Malaysia is a very attractive market for e-commerce in Southeast Asia. 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