It turns out that Southeast Asia’s internet economy growth has exceeded expectations. The region’s internet economy will reach $50 billion in 2017, outpacing earlier growth expectations by 35 percent. In the “e-Conomy Southeast Asia Spotlight 2017” report, we’ve found that the region is well on track to realising a $200 billion internet economy by 2025
Our report, The Next Horizon of Emerging App Markets, investigates questions about market growth within regions, what causing certain countries to grow, and which categories have the most untapped opportunities. If you’re looking to expand into new, high-growth markets or invest in the world’s next powerhouse app economies, this report is a must-read.
The Fintech Vietnam Startup Overview. Now counting 39 original Vietnamese Fintech Startups. Any feedback more than welcome.
Check also the article here http://fintechnews.sg/2838/studies/vietnam-fintech-startup-report-update-explores-vietnams-massive-fintech-opportunities/
Our report, The Next Horizon of Emerging App Markets, investigates questions about market growth within regions, what causing certain countries to grow, and which categories have the most untapped opportunities. If you’re looking to expand into new, high-growth markets or invest in the world’s next powerhouse app economies, this report is a must-read.
The Fintech Vietnam Startup Overview. Now counting 39 original Vietnamese Fintech Startups. Any feedback more than welcome.
Check also the article here http://fintechnews.sg/2838/studies/vietnam-fintech-startup-report-update-explores-vietnams-massive-fintech-opportunities/
With youth, innovation and investment, the people of Vietnam have good reason to be optimistic about the future of the economy, and development of the digital economy over the next 20 years. The paths that may be taken for the development and growth of Vietnam through digital transformation are not risk-free, however, and will need to be navigated carefully.
Like many countries around the world at this point in history, the main challenge in the development of the next wave of the digital economy (implementing technologies such as artificial intelligence, advanced automation, digital-biological-physical networks and advanced GPS tracking, cloud-based platforms and blockchain systems) will be to lift labour productivity while maintaining high employment levels, social inclusion and equality; to transition the labour market and government systems along with the systems of wealth generation.
This is the first report in a larger study, Vietnam’s Future Digital Economy, an innovative joint project between Australia’s Data61|CSIRO and Vietnam’s Ministry for Science and Technology. It examines the state of Vietnam’s economy and digital economy at the beginning of 2018, and the trends that will affect its development over the next 20 years.
The broader study will explore how different rates of digital transformation could create a number of plausible futures for Vietnam’s digital economy. The project will also look into the possible impacts of digital technologies on two of Vietnam’s more significant industrial sectors: manufacturing and agriculture.
Canada has struggle for the past few years with attracting key FDI, especially in areas like natural resources development.
Canada has also struggle with how to best approach innovation. The so-called job clusters have failed to achieve the desired outcome. More needs to be done to better support innovation across Canada.
The public sector payroll continues to grow. The size of government is becoming a enormous issues for many countries, especially in areas like value for money, improving outcomes, and tax fairness.
1. In demand skills - https://www.analyticssteps.com/blogs/most-demand-technologies-2022
2. BI - https://www.analyticsinsight.net/top-business-intelligence-trends-and-predictions-for-2022/
3. Top AI - https://www.simplilearn.com/tutorials/artificial-intelligence-tutorial/artificial-intelligence-applications
4. Switzerland continues to dominate the world in terms of innovation - https://www.iamsterdam.com/en/business/news-and-insights/news/2021/the-netherlands-ranks-sixth-in-global-innovation-index-2021
5. Sustainable - https://behrtech.com/blog/iot-and-sustainability-7-applications-for-a-greener-planet/
6. Sustainable - https://energywatch-inc.com/sustainability-trends-2021-2022/
7. Report Canada - https://www.conferenceboard.ca/focus-areas/innovation-technology/innovation-report-card
8. FDI - https://betakit.com/canadian-municipal-regions-call-on-federal-government-for-more-support-for-foreign-direct-investment-program/
9. Job vacancies - https://www150.statcan.gc.ca/n1/daily-quotidien/210921/dq210921a-eng.htm
10. Skills gap - https://www.dashe.com/blog/unraveling-digital-skills-gaps-in-the-modern-workplace
e-Conomy SEA 2019 report (from Google and Temasek)Duy Hoang
e-Conomy SEA is a multi-year research program launched to shed light on the Internet economy in Southeast Asia. It covers the six largest markets in the region: Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. The 2019 report covers five key sectors of the Internet economy: Online Travel (Flights, Hotels, Vacation Rentals); Online Media (Advertising, Gaming, Subscription Music and Video on Demand); Ride Hailing (Transport, Food Delivery); e-Commerce; and a first in the series, Digital Financial Services (Payments, Remittance, Lending, Investment, Insurance).
This year’s report, “e-Conomy SEA 2019 — Swipe up and to the right: Southeast Asia’s $100 billion Internet economy”, shows that the Internet economy has, for the first time, crossed the $100 billion mark. The pace of growth has been unprecedented, leading to a revision of our own estimates.
Reference
e-Conomy SEA is a multi-year research program launched by Google and Temasek in 2016. Bain & Company joined the program as lead research partner in 2019. The research leverages Bain analysis, Google Trends, Temasek research, industry sources and expert interviews to shed light on the Internet economy in Southeast Asia. The information included in this report is sourced as “Google & Temasek / Bain, e-Conomy SEA 2019” except from third parties specified otherwise.
Disclaimer
The information in this report is provided on an “as is” basis. This document was produced by and the opinions expressed are those of Google, Temasek, Bain and other third parties involved as of the date of writing and are subject to change. It has been prepared solely for information purposes over a limited time period to provide a perspective on the market. Projected market and financial information, analyses and conclusions contained herein should not be construed as definitive forecasts or guarantees of future performance or results. Google, Temasek, Bain or any of their affiliates or any third party involved makes no representation or warranty, either expressed or implied, as to the accuracy or completeness of the
information in the report and shall not be liable for any loss arising from the use hereof. Google does not provide market analysis or financial projections. Google internal data was not used in the development of this report.
MEDICI’s new ‘Indonesia FinTech Report 2021’ analyzes the country’s FinTech sector and trends in the last three years—a deep-dive by segments & subsegments, funding patterns, M&As, ecosystem partnerships, industry drivers, and perspectives drawn out of regulatory, geopolitical, economic, and market dynamics.
Diving deep into literally millions of interactions and conversations with different networks such as Facebook, Twitter and Instagram, blogs, forums and news sites in order to bring you analytical info about how social media affects different sectors like:Sharing Economy, Banking and Finance, Ecommerce, Telecom and Fintech.
Ecommerce in Southeast Asia (November 2015) by Ardent Capital CEO Adrian VanzylArdent Capital
Dr. Adrian Vanzyl, CEO of one Southeast Asia's top VC firms, Ardent Capital, explains why Southeast Asia is the hottest market in the world for ecommerce. Complete with statistics and key insights, this presentation is the most recent (June 2015) analysis of the Southeast Asian market and was pitched to leading financial executives at the UBS Conference in November 2015 in Singapore.
Topics:
- Data and Macro Trends
- Recent Movements in the Markets
- Growth and Opportunities
The Future of Philippine Payments Industry: A Technology Foresight by 2022Maurice Gonzales, MTM
This presentation summarizes the 80 page capstone project of Maurice Gonzales entitled: The Future of Philippine Payments Industry: A Technology Foresight by 2022.
The final and full copy of the paper is available at the University of The Philippines, Technology Management Center library and in the theses database of the said institution.
El futuro de la tecnología portátil parece prometedor, no sólo en los EE.UU, sino a nivel global. ¿Qué usos hacen los consumidores de sus dispositivos portátiles? ¿cómo evoluciona la conectividad en diferentes áreas del día a día? ¿están protegidos nuestros datos?
SparkLabs Global Wireless Industry Overview 2014Bernard Moon
Slides provide a snapshot of the wireless industry and serves as a "cheat sheet" to the mobile space: industry rankings, trends, and detailed company overviews. Profiles select companies from Fortune 500 to startups attempting to disrupt the mobile landscape.
Sample Report: Middle East B2C E-Commerce and Payment Market 2020 and COVID-1...yStats.com
- How is the COVID-19 pandemic affecting the B2C E-Commerce market in the Middle East?
- What is the impact of the pandemic on B2C E-Commerce sales in this region?
- What are the consumer preferences in the Middle East regarding the use of digital payment methods during the COVID-19?
- Which product categories were most purchased online in this region amid the outbreak?
- Which E-Commerce mobile applications were the most popular in the Middle East?
Full Report Here: https://bit.ly/3L7qn1K
As per the Credit Suisse Global Wealth Report 2020, global wealth stood at US$ 399 trillion as of the end of 2019. Most of the global wealth is primarily controlled by older men in North America and Europe.
As per BCG, the Asset Under Management (AuM) for the global asset management industry stood at US$88.7 trillion as of the end of 2019.
The pandemic found the wealth management industry dealing with margin pressure amid the popularity of passive products, on the verge of a great wealth transfer from the Baby Boomers to the younger generations, a rising share of women’s wealth, and increasing regulatory pressure. Revenue from beta is quickly diminishing due to the popularity of passive products. The focus is shifting from margin to increasing AUM.
As per Credit Suisse Global Wealth Report 2020, global wealth decreased by US$ 17 trillion between January and March of 2020. Recovery in the capital markets Q2 onwards led to the recovery of household wealth in Q2 to the levels of the end of 2019. Though the loss of growth represents a more than US$7 trillion loss from expected wealth levels by the end of the first half of 2020. Lower economic activity, lower consumption, and lower investments by both households and corporates likely to restrain household wealth growth for many coming years. The growth rate may not recover to pre-pandemic levels before the end of 2021. Global wealth per adult decreased by 0.4% in the first half of 2020. China is the biggest gainer and Latin America along with Africa are the greatest losers.
Though low-interest-rate environment, making time deposits less attractive, likely to boost funds flows to capital markets and demand for wealth management services.
At the same time, social distancing is forcing digital adoption in wealth management. Apart from that, the great wealth transfer will mean that the wealth management sector needs a paradigm shift in their client engagements. The expectations of tech-savvy millennials are very much different from the older generations. Instant gratification, higher involvement in the process, and constant monitoring are some of the features Millennials expect.
Micro-Investment platforms and Online Brokers are expected to be immensely beneficial as tech-savvy Millennials control more and more wealth. Self-service platforms that specialize in passive products (MF, ETF) are especially lucrative.
Hybrid services that combine human touch with tech efficiency will likely to become mainstream as wealth management firms push for cost-cutting and younger generations control more and more wealth.
As many traditional wealth management firms will look to increase their digital capabilities, WealthTech firms with proven business models are expected to be seen as attractive acquisition targets.
With youth, innovation and investment, the people of Vietnam have good reason to be optimistic about the future of the economy, and development of the digital economy over the next 20 years. The paths that may be taken for the development and growth of Vietnam through digital transformation are not risk-free, however, and will need to be navigated carefully.
Like many countries around the world at this point in history, the main challenge in the development of the next wave of the digital economy (implementing technologies such as artificial intelligence, advanced automation, digital-biological-physical networks and advanced GPS tracking, cloud-based platforms and blockchain systems) will be to lift labour productivity while maintaining high employment levels, social inclusion and equality; to transition the labour market and government systems along with the systems of wealth generation.
This is the first report in a larger study, Vietnam’s Future Digital Economy, an innovative joint project between Australia’s Data61|CSIRO and Vietnam’s Ministry for Science and Technology. It examines the state of Vietnam’s economy and digital economy at the beginning of 2018, and the trends that will affect its development over the next 20 years.
The broader study will explore how different rates of digital transformation could create a number of plausible futures for Vietnam’s digital economy. The project will also look into the possible impacts of digital technologies on two of Vietnam’s more significant industrial sectors: manufacturing and agriculture.
Canada has struggle for the past few years with attracting key FDI, especially in areas like natural resources development.
Canada has also struggle with how to best approach innovation. The so-called job clusters have failed to achieve the desired outcome. More needs to be done to better support innovation across Canada.
The public sector payroll continues to grow. The size of government is becoming a enormous issues for many countries, especially in areas like value for money, improving outcomes, and tax fairness.
1. In demand skills - https://www.analyticssteps.com/blogs/most-demand-technologies-2022
2. BI - https://www.analyticsinsight.net/top-business-intelligence-trends-and-predictions-for-2022/
3. Top AI - https://www.simplilearn.com/tutorials/artificial-intelligence-tutorial/artificial-intelligence-applications
4. Switzerland continues to dominate the world in terms of innovation - https://www.iamsterdam.com/en/business/news-and-insights/news/2021/the-netherlands-ranks-sixth-in-global-innovation-index-2021
5. Sustainable - https://behrtech.com/blog/iot-and-sustainability-7-applications-for-a-greener-planet/
6. Sustainable - https://energywatch-inc.com/sustainability-trends-2021-2022/
7. Report Canada - https://www.conferenceboard.ca/focus-areas/innovation-technology/innovation-report-card
8. FDI - https://betakit.com/canadian-municipal-regions-call-on-federal-government-for-more-support-for-foreign-direct-investment-program/
9. Job vacancies - https://www150.statcan.gc.ca/n1/daily-quotidien/210921/dq210921a-eng.htm
10. Skills gap - https://www.dashe.com/blog/unraveling-digital-skills-gaps-in-the-modern-workplace
e-Conomy SEA 2019 report (from Google and Temasek)Duy Hoang
e-Conomy SEA is a multi-year research program launched to shed light on the Internet economy in Southeast Asia. It covers the six largest markets in the region: Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. The 2019 report covers five key sectors of the Internet economy: Online Travel (Flights, Hotels, Vacation Rentals); Online Media (Advertising, Gaming, Subscription Music and Video on Demand); Ride Hailing (Transport, Food Delivery); e-Commerce; and a first in the series, Digital Financial Services (Payments, Remittance, Lending, Investment, Insurance).
This year’s report, “e-Conomy SEA 2019 — Swipe up and to the right: Southeast Asia’s $100 billion Internet economy”, shows that the Internet economy has, for the first time, crossed the $100 billion mark. The pace of growth has been unprecedented, leading to a revision of our own estimates.
Reference
e-Conomy SEA is a multi-year research program launched by Google and Temasek in 2016. Bain & Company joined the program as lead research partner in 2019. The research leverages Bain analysis, Google Trends, Temasek research, industry sources and expert interviews to shed light on the Internet economy in Southeast Asia. The information included in this report is sourced as “Google & Temasek / Bain, e-Conomy SEA 2019” except from third parties specified otherwise.
Disclaimer
The information in this report is provided on an “as is” basis. This document was produced by and the opinions expressed are those of Google, Temasek, Bain and other third parties involved as of the date of writing and are subject to change. It has been prepared solely for information purposes over a limited time period to provide a perspective on the market. Projected market and financial information, analyses and conclusions contained herein should not be construed as definitive forecasts or guarantees of future performance or results. Google, Temasek, Bain or any of their affiliates or any third party involved makes no representation or warranty, either expressed or implied, as to the accuracy or completeness of the
information in the report and shall not be liable for any loss arising from the use hereof. Google does not provide market analysis or financial projections. Google internal data was not used in the development of this report.
MEDICI’s new ‘Indonesia FinTech Report 2021’ analyzes the country’s FinTech sector and trends in the last three years—a deep-dive by segments & subsegments, funding patterns, M&As, ecosystem partnerships, industry drivers, and perspectives drawn out of regulatory, geopolitical, economic, and market dynamics.
Diving deep into literally millions of interactions and conversations with different networks such as Facebook, Twitter and Instagram, blogs, forums and news sites in order to bring you analytical info about how social media affects different sectors like:Sharing Economy, Banking and Finance, Ecommerce, Telecom and Fintech.
Ecommerce in Southeast Asia (November 2015) by Ardent Capital CEO Adrian VanzylArdent Capital
Dr. Adrian Vanzyl, CEO of one Southeast Asia's top VC firms, Ardent Capital, explains why Southeast Asia is the hottest market in the world for ecommerce. Complete with statistics and key insights, this presentation is the most recent (June 2015) analysis of the Southeast Asian market and was pitched to leading financial executives at the UBS Conference in November 2015 in Singapore.
Topics:
- Data and Macro Trends
- Recent Movements in the Markets
- Growth and Opportunities
The Future of Philippine Payments Industry: A Technology Foresight by 2022Maurice Gonzales, MTM
This presentation summarizes the 80 page capstone project of Maurice Gonzales entitled: The Future of Philippine Payments Industry: A Technology Foresight by 2022.
The final and full copy of the paper is available at the University of The Philippines, Technology Management Center library and in the theses database of the said institution.
El futuro de la tecnología portátil parece prometedor, no sólo en los EE.UU, sino a nivel global. ¿Qué usos hacen los consumidores de sus dispositivos portátiles? ¿cómo evoluciona la conectividad en diferentes áreas del día a día? ¿están protegidos nuestros datos?
SparkLabs Global Wireless Industry Overview 2014Bernard Moon
Slides provide a snapshot of the wireless industry and serves as a "cheat sheet" to the mobile space: industry rankings, trends, and detailed company overviews. Profiles select companies from Fortune 500 to startups attempting to disrupt the mobile landscape.
Sample Report: Middle East B2C E-Commerce and Payment Market 2020 and COVID-1...yStats.com
- How is the COVID-19 pandemic affecting the B2C E-Commerce market in the Middle East?
- What is the impact of the pandemic on B2C E-Commerce sales in this region?
- What are the consumer preferences in the Middle East regarding the use of digital payment methods during the COVID-19?
- Which product categories were most purchased online in this region amid the outbreak?
- Which E-Commerce mobile applications were the most popular in the Middle East?
Full Report Here: https://bit.ly/3L7qn1K
As per the Credit Suisse Global Wealth Report 2020, global wealth stood at US$ 399 trillion as of the end of 2019. Most of the global wealth is primarily controlled by older men in North America and Europe.
As per BCG, the Asset Under Management (AuM) for the global asset management industry stood at US$88.7 trillion as of the end of 2019.
The pandemic found the wealth management industry dealing with margin pressure amid the popularity of passive products, on the verge of a great wealth transfer from the Baby Boomers to the younger generations, a rising share of women’s wealth, and increasing regulatory pressure. Revenue from beta is quickly diminishing due to the popularity of passive products. The focus is shifting from margin to increasing AUM.
As per Credit Suisse Global Wealth Report 2020, global wealth decreased by US$ 17 trillion between January and March of 2020. Recovery in the capital markets Q2 onwards led to the recovery of household wealth in Q2 to the levels of the end of 2019. Though the loss of growth represents a more than US$7 trillion loss from expected wealth levels by the end of the first half of 2020. Lower economic activity, lower consumption, and lower investments by both households and corporates likely to restrain household wealth growth for many coming years. The growth rate may not recover to pre-pandemic levels before the end of 2021. Global wealth per adult decreased by 0.4% in the first half of 2020. China is the biggest gainer and Latin America along with Africa are the greatest losers.
Though low-interest-rate environment, making time deposits less attractive, likely to boost funds flows to capital markets and demand for wealth management services.
At the same time, social distancing is forcing digital adoption in wealth management. Apart from that, the great wealth transfer will mean that the wealth management sector needs a paradigm shift in their client engagements. The expectations of tech-savvy millennials are very much different from the older generations. Instant gratification, higher involvement in the process, and constant monitoring are some of the features Millennials expect.
Micro-Investment platforms and Online Brokers are expected to be immensely beneficial as tech-savvy Millennials control more and more wealth. Self-service platforms that specialize in passive products (MF, ETF) are especially lucrative.
Hybrid services that combine human touch with tech efficiency will likely to become mainstream as wealth management firms push for cost-cutting and younger generations control more and more wealth.
As many traditional wealth management firms will look to increase their digital capabilities, WealthTech firms with proven business models are expected to be seen as attractive acquisition targets.
e-Conomy SEA 2018: Southeast Asia's internet economy hits an inflection pointPeerasak C.
The 2016 and 2017 Google-Temasek reports foresaw a $200 billion internet economy in the region by 2025. This year, our research sees such drastic market acceleration that we now expect that number to be closer to $240 billion. Simply put, Southeast Asia’s internet economy hit an inflection point in 2018. Powered by the most engaged mobile internet users in the world, industries like e-Commerce, Online Media, Online Travel, and Ride Hailing grew at an unprecedented rate. Investors have taken notice, pouring record amounts of funds into the region — now it’s time for everyone else to pay attention. Below is a sneak peek at the key figures of Southeast Asia’s internet economy, as well as the full downloadable e-Conomy SEA 2018 report.
---
http://bit.ly/2BdRRka #ThinkGoogleAPAC
Product Brochure with summarized information of our publication "Asia-Pacific B2C E-Commerce Market 2017".
Find more here: https://www.ystats.com/market-reports/asia-pacific-b2c-e-commerce-market-2017-2/
2019 is setting up to be a very interesting year, full of competing challenges and opportunities.
There are serious warning signs about the global economy and numerous geopolitical challenges in play. The PRC government is also increasing its control and censorship activities. In the past two weeks alone, search engine Bing has been blocked (and unblocked) and big censorship moves have been made within Chinese platforms to remove sensitive content. “Daigou” activity (hand carried imports) is also under increased scrutiny.
Despite this, the opportunities in China are still large and brands continue to increase digital & social media budgets. Social and digital continue to be seen as the most cost efficient marketing channels.
While China still represents a big growth opportunity for all brands, it is also a market where big gains are increasingly going to larger brands. In 2018, data from analysts showed that only 10% of all accounts on Tmall were profitable. The costs of winning in China are rising quickly. Brands need to be more measured and focus on fewer, higher quality efforts.
Marketing to China is also becoming a global challenge. Brands need to support their China-specific marketing with new strategies at HQ level, in order to reach PRC nationals across borders.
With this set of circumstances in place for 2019, there are several key trends for brands to look out for; (1)China marketing should be global, (2)measurement of brand/digital performance is critical, (3)quality in branding and content matter more, (4)social selling is a massive, emerging opportunity, and (5)the rules of retail are being reshaped rapidly.
***
For more context on China social, check out our previous years' reports:
https://www.slideshare.net/cbaker19/social-media-insights-2018
https://www.slideshare.net/cbaker19/social-media-trends-2017
https://www.slideshare.net/cbaker19/2016-chinas-social-media-trend-report
Product Brochure with summarized information of our publication "Philippines B2C E-Commerce Market 2017".
Find more here: https://www.ystats.com/market-reports/philippines-b2c-e-commerce-market-2017/
Product Brochure: Southeast Asia B2C E-Commerce Market 2017yStats.com
Product Brochure with summarized information of our publication "Southeast Asia B2C E-Commerce Market 2017".
Find more here: https://www.ystats.com/market-reports/southeast-asia-b2c-e-commerce-market-2017-2/
Product Brochure: India B2C E-Commerce Market 2019yStats.com
Product Brochure with summarized information of our publication "India B2C E-Commerce Market 2019".
Find more here: https://www.ystats.com/market-reports/india-b2c-e-commerce-market-2019/
Bridging the Digital Gap Brad Spiegel Macon, GA Initiative.pptxBrad Spiegel Macon GA
Brad Spiegel Macon GA’s journey exemplifies the profound impact that one individual can have on their community. Through his unwavering dedication to digital inclusion, he’s not only bridging the gap in Macon but also setting an example for others to follow.
# Internet Security: Safeguarding Your Digital World
In the contemporary digital age, the internet is a cornerstone of our daily lives. It connects us to vast amounts of information, provides platforms for communication, enables commerce, and offers endless entertainment. However, with these conveniences come significant security challenges. Internet security is essential to protect our digital identities, sensitive data, and overall online experience. This comprehensive guide explores the multifaceted world of internet security, providing insights into its importance, common threats, and effective strategies to safeguard your digital world.
## Understanding Internet Security
Internet security encompasses the measures and protocols used to protect information, devices, and networks from unauthorized access, attacks, and damage. It involves a wide range of practices designed to safeguard data confidentiality, integrity, and availability. Effective internet security is crucial for individuals, businesses, and governments alike, as cyber threats continue to evolve in complexity and scale.
### Key Components of Internet Security
1. **Confidentiality**: Ensuring that information is accessible only to those authorized to access it.
2. **Integrity**: Protecting information from being altered or tampered with by unauthorized parties.
3. **Availability**: Ensuring that authorized users have reliable access to information and resources when needed.
## Common Internet Security Threats
Cyber threats are numerous and constantly evolving. Understanding these threats is the first step in protecting against them. Some of the most common internet security threats include:
### Malware
Malware, or malicious software, is designed to harm, exploit, or otherwise compromise a device, network, or service. Common types of malware include:
- **Viruses**: Programs that attach themselves to legitimate software and replicate, spreading to other programs and files.
- **Worms**: Standalone malware that replicates itself to spread to other computers.
- **Trojan Horses**: Malicious software disguised as legitimate software.
- **Ransomware**: Malware that encrypts a user's files and demands a ransom for the decryption key.
- **Spyware**: Software that secretly monitors and collects user information.
### Phishing
Phishing is a social engineering attack that aims to steal sensitive information such as usernames, passwords, and credit card details. Attackers often masquerade as trusted entities in email or other communication channels, tricking victims into providing their information.
### Man-in-the-Middle (MitM) Attacks
MitM attacks occur when an attacker intercepts and potentially alters communication between two parties without their knowledge. This can lead to the unauthorized acquisition of sensitive information.
### Denial-of-Service (DoS) and Distributed Denial-of-Service (DDoS) Attacks
This 7-second Brain Wave Ritual Attracts Money To You.!nirahealhty
Discover the power of a simple 7-second brain wave ritual that can attract wealth and abundance into your life. By tapping into specific brain frequencies, this technique helps you manifest financial success effortlessly. Ready to transform your financial future? Try this powerful ritual and start attracting money today!
APNIC Foundation, presented by Ellisha Heppner at the PNG DNS Forum 2024APNIC
Ellisha Heppner, Grant Management Lead, presented an update on APNIC Foundation to the PNG DNS Forum held from 6 to 10 May, 2024 in Port Moresby, Papua New Guinea.
Multi-cluster Kubernetes Networking- Patterns, Projects and GuidelinesSanjeev Rampal
Talk presented at Kubernetes Community Day, New York, May 2024.
Technical summary of Multi-Cluster Kubernetes Networking architectures with focus on 4 key topics.
1) Key patterns for Multi-cluster architectures
2) Architectural comparison of several OSS/ CNCF projects to address these patterns
3) Evolution trends for the APIs of these projects
4) Some design recommendations & guidelines for adopting/ deploying these solutions.
2. 2
Google and Temasek released “e-Conomy
SEA–Unlocking the $200B digital opportunity
in Southeast Asia” in May 2016, shedding light
on the fast growing internet economy in the
region. Google-Temasek e-Conomy SEA Spotlight
2017 aims to highlight the most significant
consumer trends observed in 2017, to identify
industry segments and key players experiencing
accelerated growth, and to discuss progress
made in solving ecosystem challenges.
The research leverages proprietary Google data,
Temasek research, expert interviews, and second-
ary data sources to provide best available
estimates of industry metrics and trends. All
monetary values are expressed in US dollars
unless specified otherwise.
The research covers four key sectors of the
internet economy with significant business size
and growth: travel (flights, hotels), media (ads,
gaming), ride hailing and e-commerce (first-hand
goods). It does not include other sectors of the
internet economy such as education, entertainment,
health, and financial services that are still in
early stage of development and monetization
in Southeast Asia. The research covers the six
largest markets in Southeast Asia: Indonesia,
Malaysia, Philippines, Singapore, Thailand,
and Vietnam.
Google-Temasek e-Conomy SEA is a joint
research initiative led by Google and Temasek.
Eric Salmon & Partners and Trellis Network
contributed perspectives on the talent challenge.
Golden Gate Ventures and Monk’s Hill Ventures
provided additional insights on fundraising
in Southeast Asia.
Introduction
Sources Acknowledgements
Scope
3. 3
Source:
1. Hootsuite 2017 report, based on a GlobalWebIndex survey of internet users in the age group 16-64.
Unprecedented growth for Southeast
Asia’s $50B internet economy
Google-Temasek e-Conomy SEA, released in May 2016, highlighted Southeast
Asia as the world’s fastest growing internet region, with an existing internet
user base of 260 million projected to grow to 480 million users by 2020.
In the research, we predicted that Southeast Asia’s internet economy will grow
to $200B by 2025 driven mostly by the growth of online travel, e-commerce,
and online media.
Furthermore, we estimated that to build a $200B Southeast Asian internet
economy, $40-50B investments would be required in a decade. In addition to
funding, the key challenges to realize the growth potential included availability
of homegrown tech talent, a developed digital payment ecosystem, last-mile
logistics infrastructure, high-speed internet access and consumer trust.
Fast forward to 2017, Southeast Asia’s internet user base continues to grow
rapidly. There will be 330M monthly active internet users by year-end 2017,
adding over 70 million new users since 2015 at 13% CAGR. In Southeast Asia,
mobile is the internet, as more than 90% of Southeast Asia’s internet users
are on smartphones. It is hard to overestimate the absolute prominence
of mobile as the access point and driver of Southeast Asia’s internet economy.
Users in Southeast Asia are incredibly engaged, spending an average of 3.6 hours
per day on mobile internet,1
more than in any other region in the world. Users
in Thailand lead the world with 4.2 hours per day spent on mobile internet, and
users in Indonesia come a close second at 3.9 hours per day. By comparison,
users in the U.S. spend an average 2.0 hours per day on mobile internet; users
in the U.K., 1.8 hours per day; and users in Japan, 1.0 hour per day.
These incredible levels of engagement have led to a sizeable market opportunity.
We estimate that Southeast Asia’s internet economy will reach $50B in 2017.
Growing at 27% CAGR, it has outpaced the 20% 10-year CAGR projected in
Google-Temasek e-Conomy SEA and is on a solid trajectory to exceed $200B
by 2025. Southeast Asia’s internet economy accounts for 2% of the region’s GDP
in 2017, up from 1.3% in 2015 and projected to reach 6% of the GDP by 2025.
1
4. 4
Source:
2. Note: Gross merchandise value of shipped orders (including VAT). First-hand goods only. Excludes resale
of second-hand goods through marketplaces, classified ads, or social media.
All sectors of the internet economy have experienced solid growth in 2017. Online
travel reached $26.6B led by growth in airline and hotel online bookings. Online
media touched $6.9B driven by online ads and gaming. E-commerce and ride
hailing have been under the spotlight: growing the fastest at over 40% CAGR,
capturing consumers’ preferences with evolving business models, and attracting
the majority of the investments in the region. As a result, they are the focus
of Google-Temasek e-Conomy SEA Spotlight 2017.
E-commerce reaches $11B, fueled by
investments in booming marketplaces
The Southeast Asian e-commerce market is extremely dynamic and highly
fragmented, with multiple coexisting business models. For the purpose of our
research, we have included business-to-consumer (B2C) sales, and sales on
marketplaces where first-hand goods sold by small and medium businesses
(SMB) to consumers represents the majority of transactions. We have excluded
second-hand sales of goods sold by consumers to consumers in marketplaces,
classifieds, and social media apps (C2C).
Based on these definitions, we estimate that e-commerce sales of first-hand
goods will reach $10.9B in gross merchandise value (GMV)2
in 2017, up from
$5.5B in 2015, growing at 41% CAGR.
250.0B
200.0B
150.0B
100.0B
50.0B
.0B
2.5B
3.7B
19.1B
5.5B
5.1B
6.9B
26.6B
10.9B
20.1B
19.5B
76.6B
88.1B
Ride hailing
2015 2017 2025
Exhibit 1: Online Market size for focus Industry Verticals (USD billions)
Online media Online travel E-commerce
CAGR
2015-17
CAGR
2015-25
43%
36%
18%
41%
23%
18%
15%
32%
Exhibit 1: SEA internet e-Conomy market size ($B)
2
5. 5
Consumer interest for e-commerce has grown quickly across Southeast Asia,
with Google Search interest for e-commerce brands growing more than two-fold
in two years, supported by promotional activities and marketing investments
by leading regional and global e-commerce players as well as co-marketing
initiatives with top brands in consumer electronics, fashion, and consumer
goods industries.
100.0B
75.0B
50.0B
25.0B
.0B
2015 2017 2025
Exhibit 2: E-commerce market size (in USD billions)
5.5B
10.9B
88.1B
E-commerce
CAGR
2015-17
CAGR
2015-25
41% 32%
Exhibit 4: Search Interest for top E-commerce Brands
Jul-2015 Jan-2016 Jul-2016 Jan-2017 Jul-2017
Google Search volume (indexed)
Courier services
Digital payments
Exhibit 3: E-commerce market size scope
Scenario
First-hand goods
Firsthand goods
SMB to consumer (SMB-2-C) Consumer to consumer (C2C)
Second-hand goods
Excluded
Business to consumer (B2C)
Included
Exhibit 3: Google Search growth for top SEA e-commerce brands
Exhibit 2: SEA e-commerce market size ($B)
6. 6
The acceleration of Southeast Asian e-commerce has been driven by the surge
of marketplaces where SMBs sell to consumers on mobile-first platforms
(SMB-2-C). Top players in this space, like Lazada, Shopee, and Tokopedia,
have enabled the growth of SMB-2-C by providing scalable, readily accessible
platforms where the long-tail of smaller retail players can transact online
and reach new consumers within and beyond Southeast Asia.
Confirming the appeal of Southeast Asian e-commerce marketplaces is also the
strong user engagement with these platforms. Southeast Asia’s mobile internet
users are among the most engaged globally, spending on average 140 minutes
per month on these platforms versus 80 minutes per month for the leading
marketplace in the U.S.
Ride hailing booming at 43% CAGR,
top players expanding into services
and payments
Another sector with massive user engagement, ride hailing services have
experienced dramatic growth in the past two years. We estimate these services
will reach $5.1B GMV in 2017, more than double from $2.5B GMV in 2015.
In light of strong acceleration in penetration and usage, we have revised our
2025 projections for the ride hailing sector to $20.1B GMV.
Minutes per month
Exhibit 5: SMB-2-C users engagement (average minutes per month)
SEA Brand A SEA Brand B USA Top Player
140 140
80
Exhibit 4: User engagement on SMB-2-C platforms
3
7. 7
In Southeast Asia, this sector is hotly contested between Grab, the regional
homegrown champion; Uber, the global sector leader; and Go-Jek, the
Indonesia-focused player. These leading players have announced plans to make
services available in over 100 cities in Southeast Asia by end
of 2017 and to further expand to over 200 cities by 2018.
The acceleration of ride hailing services in Southeast Asia reflects steep
pent-up consumer demand, attractiveness for drivers as a viable job opportunity,
and product innovation leading to improved user experience. Attractive fares
and ongoing promotional activity have also fueled growth, as ride prices are
discounted up to 40-60%. All these have led to a more than four-fold increase
since 2015, with car and motorbike bookings through ride hailing players reaching
6 million rides per day in Q3 2017 across Southeast Asia,3
and still experiencing
steep quarter-on-quarter growth.
25.0B
20.0B
15.0B
10.0B
5.0B
.0B
2015 2017 2025
Exhibit 6: Ride hailing market size (in USD billions)
2.5B
5.1B
20.1B
Ride hailing
CAGR
2015-17
CAGR
2015-25
43% 23%
Exhibit 5: SEA ride hailing market size ($B)
Source:
3. Google-Temasek research estimates.
8. 8
Source:
4. Grab Corporate Profile, Oct 2017.
In addition to transforming personal transportation, ride hailing companies are
creating employment and supplementary income opportunities for drivers
in Southeast Asia. By Q3 2017, the top three ride hailing players have engaged
more than 2.5 million drivers in Southeast Asia, a four-fold increase from
600,000 in 2015. As a result, ride hailing is helping make car ownership affordable
in Southeast Asia, a region where there are only 70 cars per 1,000 people,
compared to 103 in China and 574 in the United States.4
Number of drivers (millions)
Exhibit 8: SEA Ride Hailing drivers base (Period End, Estimated)
2015 2017
.6M
2.5M
Exhibit 7: SEA ride hailing driver base (period end, estimated)
Number of daily rides (millions)
Exhibit 7: SEA Ride Hailing daily rides (Estimated, Period End)
2015 2017
1.3M
6.0M
Exhibit 6: SEA ride hailing daily rides (estimated, period end)
9. 9
With their large and growing base of users and drivers, ride hailing players in
Southeast Asia are well positioned to become horizontal personal services
platforms. Millions of users transact and pay on their platforms on a daily basis,
giving them a head start as they aim to build digital payment services accepted
by online and offline merchants. We expect these trends to continue, unlocking
opportunities for growth for Southeast Asia’s internet economy as a whole.
$13B invested in Southeast Asia since
2015, majority of funds raised by unicorns
The dynamism of the e-commerce and ride hailing sectors in Southeast Asia
has attracted significant investment activity since the release of Google-Temasek
e-Conomy SEA in 2016. In that research, we estimated that $40-50B worth
of investments would be required over 10 years to help grow Southeast Asia
to a $200B internet economy by 2025. Between 2016 and Q3 2017, Southeast
Asian internet companies were able to raise more than $12B of capital,7
up from
just $1B in 2015, setting the region well on track to meet the estimated
10-year requirements.
Food deliveryDigital payments Courier services
161x 22x 10x
Scenario
Source:
5. Grab, Uber, Go-Jek company websites.
6. Google Internal Search data (Q3 2017 vs. Q3 2015).
7. Google-Temasek research.
In 2016 and 2017, ride hailing players in Southeast Asia have rapidly expanded their
offerings beyond their initial focus on transportation services. Grab has launched,
among others, GrabShare and GrabHitch (carpooling), GrabFood (food delivery),
GrabExpress (courier), and GrabPay (payments), and it acquired Indonesian startup
Kudo to build an Indonesian digital payments ecosystem. Go-Jek has developed
a full suite of transportation and lifestyle services, including Go-Food (food delivery),
Go-Send (courier), and Go-Pay (payments). Uber has rolled out UberEATS food
delivery service in Singapore and Bangkok.5
Meanwhile, consumer interest for these services has rapidly increased, with Google
Search volumes for food delivery services growing by 22X, for courier services by
10X, and for digital payments by 161X in Q3 2017 compared to Q3 2015.6
4
Exhibit 8: Google Search growth for on-demand
services in SEA (Q3 2017 vs. Q3 2015)
10. 10
Venture capital investments in Southeast Asian companies signal a strong vote
of confidence in the potential of Southeast Asia’s internet economy by global and
regional investors. These investments stood at 0.18% of Southeast Asia GDP
in 2016, up from 0.04% in 2014, putting Southeast Asia on par with India (0.18%
of GDP in 2016) and narrowing the gap with China (0.30% of GDP in 2016).8
Source:
8. World Bank, Pitchbook.
Exhibit 10: Venture capital investments (2016)
Exhibit 13: VC Investments as percent of GDP (2016, %)
US China India
0.40%
0.30%
0.18%
SEA
0.18%
Venture capital investments (% of GDP)
Exhibit 12: SEA internet companies fundraising (2015-2017 Q3)
2015 2016 2017
1.1B
4.4B
7.7B
Funds raised ($B)
Exhibit 9: SEA internet companies fundraising (2015-2017 Q3)
11. 11
Based on public information, Southeast Asia is currently home to seven internet
unicorns (i.e., companies with over $1B valuation): Go-Jek, Grab, Lazada, Razer,
Sea Ltd. (formerly known as Garena),10
Traveloka, and Tokopedia. Of the $12B
of capital invested in Southeast Asia since 2016, $9B were raised by its unicorns.
Another $1.4B was raised by companies in the $100M-1B valuation range, and
$1.9B by companies with valuation below $100M. This shows how global and
regional investors have favored the largest and most established internet com-
panies, while fundraising has remained challenging for Southeast Asia internet
start-ups and smaller ventures.
From 2016 to Q3 2017 there were 1,370 deals involving Southeast Asia internet
companies. Of these, the vast majority were Series A and earlier deals (1,095),
illustrating how access to capital in this stage is fairly achievable. The number of
deals in Series B and C dropped drastically to just 94, and there were only 8 Series
D and later deals completed. This funding bottleneck still prevents most internet
companies in Southeast Asia from securing access to capital through subse-
quent funding rounds.
Exhibit 11: SEA internet companies fundraising (2016-2017 Q3)
Exhibit 14: SEA internet companies fundraising (2016-2017 Q3)
Unicorns
($1B valuation)
Companies valued
$100M-$1B
Companies value
below $100M
9B
1.4B 1.9B
Funds raised ($B)
Source:
9. Sea Ltd. (formerly known as Garena) started trading on the New York Stock Exchange in October 2017.
12. 12
5
The majority of investments in Southeast Asia from 2016 to Q3 2017 targeted
companies based in Singapore and Indonesia. Singapore-based companies have
been involved in 609 deals, representing 58% of total funds raised in Southeast
Asia, while Indonesia-based companies received 34% of their total funds from
261 deals. Malaysia, Thailand, and Vietnam each recorded close to 130 deals,
collectively amounting to less than 10% of total funds raised. While investments
in Singapore-based companies like Grab, Lazada, and Sea Ltd. bolster the
country’s position as Southeast Asia’s financial and tech hub, a sizable share
of the funds they raise is deployed into operations in other Southeast Asia
markets. Indonesia continues to be the market that attracts most investors’
interest because of its huge population, burgeoning middle class, and rapidly
developing digital ecosystem.
Shortage of homegrown tech talent
remains the most pressing challenge
for growth
In 2016, Google-Temasek e-Conomy SEA identified six key challenges to unlock
the growth potential of Southeast Asia’s internet economy. In the last two years,
venture capital fundraising has accelerated, and advances in the development
of e-payment solutions, internet infrastructure, delivery networks, and consumer
trust in online transactions have improved. Nonetheless, there remain areas
where continual focus and investments are needed for the region to realise its
full potential. In particular, the talent challenge remains largely unsolved.
Exhibit 12: SEA internet companies fundraising (2016-Q3 2017)
Exhibit 14: SEA internet companies fundraising (2016-2017 Q3)
Series A Seed Series B/C Series D+ Other
(Venture Debt, etc.)
1,095
94 8
173
Number of Deals
13. 13
Source:
10. “Beyond the Age of Innocence—Can Southeast Asian Start-ups Build World-Class
Organisations?”, 6:30 Partners, Eric Salmon Partners, Yale-NUS.
There is still a real shortage of local, homegrown talent, particularly in senior
engineering roles. This has led to Southeast Asia players such as Grab and
Go-Jek opening tech hubs in China, India, and the U.S. where top engineering
talent is more readily available. As an example, Grab seeks to equip Southeast
Asia engineers with globally competitive skills through training opportunities
provided by global teams at RD centers in Singapore, Beijing, and Seattle.
Meanwhile, as funding in the region has increased, many startups in Southeast
Asia have transformed from two-person projects into substantial businesses and
founding teams are now facing new challenges.10
They grapple with identifying
the right executives, choosing between highly experienced foreigners or nationals
who understand the local context but have less experience. They struggle
to simultaneously attain high employee morale and high revenue performance.
They question how to shape a company culture that will best promote their
vision. In Southeast Asia, unlike in Silicon Valley, there is not a deep reservoir
of executive experience around these topics.
Response to these challenges by Southeast Asia start-ups has been mixed.
Companies that have been pursuing controlled growth strategies in relatively
uncompetitive markets are finding they need to rapidly raise their games, as they
increasingly encounter competition from international players and better-funded
local firms. Companies pursuing hyper growth strategies have always felt this
pressure, and they are pushing harder than ever to build world-class management
teams that can stay ahead of the company’s growth curve.
The challenge for CEOs is to guide their companies through these transitions.
The success of Southeast Asia startups in the next phase of the ecosystem will
depend largely on how well CEOs can manage the transitions and how rapidly
they can grow themselves to lead the process.