In Business Model, Internet Access, Mobile, Spectrum

The cost of one gigabyte of mobile internet usage has more than halved relative to the income of Southeast Asians over the last four years, says Temasek, though that is driven by prices in Singapore, Malaysia and Indonesia.

The number of internet users in Southeast Asia has grown from 260 million in 2015 to 350 million in 2018, positioning Southeast Asia among the fastest growing internet regions in the world, a new study by Temasek says.

And more than 90 percent of Southeast Asians connect to the internet primarily using their smartphones. Cost declines for mobile data enable such usage.

Where mobile internet access cost more than two percent of gross national income (GNI) per capita in 2014, it accounts for less than 0.8 percent in 2018. Mobile data access remains above the one-percent level only in the Philippines and Thailand.

source: Temasek

Of course, usage matters primarily if there are wider economic effects. In that regard, Temesek estimates that the Southeast Asian internet economy has reached $72 billion in gross merchandise value (GMV) in 2018 from travel, commerce, media and ride hailing.

source: Temasek

The latest e-Conomy Southeast Asia 2018 report by Google and Temasek projects a $240 billion Southeast Asian internet economy by 2025.

source: Temasek

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