South East Asian Ecommerce Market To Skyrocket

Revenues to surpass $25 billion in 2020

South East Asian ecommerce is looking to become one of the fastest growing markets in the world. With total revenues looking like they will surpass 25 billion US dollars in 2020, from 11 billion in 2015, research shows that B2C ecommerce will grow at a yearly rate of nearly 18% in the six largest countries in the region. Last year, Malaysia and Thailand were the two largest markets, but both are expected to be surpassed by Vietnam and Indonesia’s emerging ecommerce markets within five years. The research, gathered by Frost & Sullivan, also points out, however, that these smaller countries face difficulties, as in some places half the population may not have a bank account, and some places, like to the Philippines, are logistically difficult to access. 

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