IT PROCUREMENT
We take a look at the transformative impact of internet access in Southeast Asia , and how its technology providers are building a thriving digital economy
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Southeast Asia is by now one of the world ’ s most vibrant digital economies . That ’ s been enabled by service providers bringing internet connectivity to the populace . With the region as a whole having a population of over 650 million , 360 million use the internet . Indeed , the city state of Singapore , perhaps the region ’ s crowning jewel , boasts the fastest upload and download internet speeds globally .
That access to the internet has been transformative . The e-Conomy SEA 2019 report , a joint project between Google , the government-owned Singaporean holding company Temasek and management consultants Bain & Company , highlighted the extent of the region ’ s progress in this area . The latest edition of a multi-year research program launched in 2016 , key findings included the fact that e-commerce was the biggest single internet sector , worth $ 38bn - a huge increase from the
SEPTEMBER 2020