southeast asia retail market size

Apart from direct ecommerce sales, retailers should also consider social commerce, mcommerce and affiliate channels. Today, modern grocery still accounts for only 23 percent of the grocery market in Southeast Asia. The basic premise remains the same: a customer experiences a seamless experience across channels. In fact, ecommerce only contributes to  4% to the retail sales in SEA. In the slides, we will look into the macro environment in Southeast Asia, in terms of Internet users, retail market, e-commerce market size in "Big 6" SEA countries - Indonesia, Singapore, Malaysia, Thailand, Vietnam and Philippines. The ecommerce market in SEA is still in a nascent stage, primarily due to fragmented logistic networks and low digital payment adoption. While Cainiao has been able to process 5 million parcels through customs clearance in less than 5 hours, and reached an all-time high of 416 million parcels handled domestically in a single day, Southeast Asia's logistics companies can't come anywhere close to matching the company and its partners in terms of scale, network and innovation. Southeast Asia Intelligent Pumps Market Size And Forecast. Geographical Analysis: The report provides a detailed overview of the industry including both qualitative and quantitative information. Not yet, at least. Thus, e-commerce players in Southeast Asia are continuously focused on catering to this generation. [Press Release] AVIA closes the year on a high note with its biggest turnout yet for the Asia Video Summit, behind a backdrop of COVID-19, content, collaboration and community. Although spreading physical collection points has been the go-to expansion model for ages, it is ultimately expensive to set up and maintain. Despite this, long tail merchants in Southeast Asia are still consolidating bulk orders before sending them to 3PL storefronts in order to save on delivery costs. However, the message is loud and clear for retailers in SEA: to win the next wave of retail entails mixing the best of both worlds with a generous smattering of AI to offer an intuitive, connected and personalized shopping experience across stores, mobile apps, websites, and social networks. These young consumers are accustomed to receiving the instant gratification offered by today’s apps and services and have similar expectations with online retailers. 2 Special Administrative Region of China. For example, the distrust of online payment, burgeoning middle-class, rapid mobile penetration and affinity for social commerce. According to a study by Google and Temasek, the region's retail sales are forecast to almost double to $1.38 trillion … Southeast Asia’s consumer ecommerce market was already worth US$23.7 billion in 2018, and is growing at a rate of more than 25 percent per year. For the same four countries mentioned above, domestic consumption is expected to increase from 62% of GDP in 2010 to 75% of GDP by 2025. 1 This analysis includes only the 5 major emerging economies in Southeast Asia: Indonesia, Malaysia, Philippines, Thailand, and Vietnam. New Report On Southeast Asia Retail Cloud Market Report (2014-2024)-Market Size, Share, Price, Trend and Forecast added to Orbisresearch.com store which … Should we start writing obituaries for brick and mortar? Read summary, and buy report now! By Abhijeet Vijayvergiya | Southeast Asia (SEA) is a unique marketplace, with a different retail landscape in every country of the region. Seeing the success of models like BlackBuck in India and ManBang in China serves to illustrate the untapped potential of these startups. Omnichannel is an approach that consumers expect from every reputed brand today. With advancements in technology, warehouses will no longer just be locations for storing a wide array of items, but instead can be transformed into fulfillment centers that are able to analyze consumer purchasing patterns and anticipate demand for certain products. The answer is that if you are still thinking about it, you are already late. About the Author Abhijeet Vijayvergiya is the Vice President and Business Head for India and South East Asia at Capillary Technologies. (Photo: STR/AFP/Getty Images), EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation with Forbes Insights, the internet penetration in the region reached 58%, 3.5 million users coming online each month, like Thailand and Malaysia reached 13.2% and 13%, respectively. Published by Molly Moore, Oct 15, 2020 This statistic presents the value of the e-commerce market in Southeast Asia from 2015 to 2019 and a forecast for 2025. The Southeast Asia antiviral drug market size segmented Indonesia, Malaysia, Philippines, Thailand, Vietnam, Singapore, Myanmar, Rest of Southeast Asia. 2 Adding to the potential benefits, pricing transparency may also be improved by utilizing a two-sided marketplace that can obtain the fairest price for both truckers and FMCG companies. Amethyst Ring Market is an essential reference for who looks for detailed information on Southeast Asia Amethyst Ring market. The Southeast Asia air purifier market size segmented into Indonesia, Malaysia, Philippines, Thailand, Vietnam, Singapore, Myanmar, and the Rest of Southeast Asia. You click a couple of buttons and the order gets delivered to your home. Thus, some form of disintermediation has become essential to reinvent the current processes, especially now that the Fourth Industrial Revolution (4IR) technologies are enabling, while at the same time, demanding logistics providers to embrace tech and take their services to another level. It also provides market size and forecast till 2025 for overall Southeast Asia Cloud Computing market with respect to five major … Things get even trickier in countries with inadequate infrastructure and higher geographical barriers, like Indonesia. Some noteworthy advantages of the strategy include: SEA is a region with a large segment of digital natives and digital dependents. In a span of seven years, the [...], AVIA closes the year on a high note with its biggest turnout yet for the Asia Video Summit, behind a backdrop of COVID-19, content, collaboration and community. Seeing where the current trends are headed, 3PLs will need to further develop their digital capabilities in order to meet the needs of the region's rapidly growing retail sector, which presents an opportunity for tech-enabled startups to offer their expertise. He also serves on the Singapore government’s Pro-Enterprise Panel. Ecommerce was predicted to be a hurricane that will sweep across retail markets, leaving a trail of obliterated brick and mortar stores in its wake. Asia Southeast Vitamin and Mineral Supplement Market 2019. The primary reason for this is rapid internet penetration, with … However, where it deviates from omnichannel is the ‘concurrency’, i.e., a customer doesn’t move from channel to channel, rather experiences multiple channels all at the same time. The global Southeast Asia Cloud Computing market report provides the data associated with the market with a better understanding of format. The number of Internet users in Southeast Asia, and particularly in the 6 largest ASEAN … information. The higher influx of data flowing into the system from multiple channels allows marketers to run targeted and personalized campaigns. What is the projected size of the B2C E-Commerce market in Southeast Asia by 2025? Over that period, modern grocery formats (such as supermarkets and hypermarkets) have certainly captured market share—but their gain has been a mere six percentage points. Pick & GO was founded on [...], Published December 12, 2018, Unicorn Club 2020: 8 Startups That Became Indian Unicorns. Tracking consumer behaviour across channels allows retailers to get a clearer and more complete view of the customer. [...], TechNode Global has announced the winners for the first edition of ORIGIN Innovation Awards. Opinions expressed by Forbes Contributors are their own. By the end of 2018, that number is projected to rise to $2.97 trillion. The age-old logistics industry is primed for technology disruption. Retail sales in Japan fell for a seventh-straight month in September, as consumers remain cautious to spend and travel restrictions reduce the amount of footfall in-store.… Vinny Halo 4 weeks ago In Markets Nielsen has predicted that the region's middle-class population will reach 400 million by 2020, over twice the size it was in 2012. Which B2C E-Commerce trends are prominent across the Southeast Asian markets? Southeast Asia's robust economic growth is supported by an increasing amount of consumers from across the region gaining access to the web. Amazon India Launches ‘STEP’ Program To Accelerate Growth Of 700,000 Sellers, [Press Release] Announcing the winners for the ORIGIN Innovation Awards 2020, [Press Release] Pick & GO redefines the convenience store experience – unmanned and checkout free. According to Verified Market Research, the Southeast Asia Intelligent Pumps Market was valued at USD 57.50 Million in 2018 and is expected to witness a growth of 6.88% from 2019-2026 and reach USD 96.62 Million by 2026.. Southeast Asia Web Hosting Services Market Size & Share, By Applications, By Application (IT & Telecom, BFSI, Aerospace & Defense, Healthcare, Manufacturing, Government & Utilities, Retail, Consumer Electronics and Others) Southeast Asia Web Hosting Services Market Size & Share, By Regions and Countries/Sub-regions, In 2018, the internet penetration in the region reached 58%. The Southeast Asia antiviral drug market has the potential to grow with propelling CAGR in the forecast period from 2020-2027. Being one of the key leaders at Capillary, Abhijeet has assisted the company in rapidly growing its footprint across the Indian retail market with significant customer wins and helped establish Capillary as an emerging market leader in the omni-channel customer engagement and commerce space. This is a result of the lack of a single data point connecting all FMCG companies, trucking companies, and drivers together, resulting in several problems, such as under-utilized fleets, empty backhaul and insufficient drivers to arise in certain regions. Although the 11 countries of Southeast Asia share the mutual goals of development and expansion, they also share the similar logistical problems. The Southeast Asia air purifier market estimated to grow with a significant rate during the forecast period, 2020-2027. A better understanding of cultural and social nuances has given local players a headstart in the retail market. All Rights Reserved, This is a BETA experience. However, the market holds immense potential with ecommerce tipped to reach US$87.8 billion by 2025 according to a Google-Temasek report. Armed with this information, retailers can target customers with the right offers at the right time to increase conversion and purchase frequency. Very attractive market for the future of ecommerce southeast asia retail market size Southeast Asia is in the midst of a boom... Period from 2020-2027 connect with sellers Analysis in Southeast Asia is southeast asia retail market size a very market! Only contributes to 4 % to the retail market direct ecommerce sales, retailers can southeast asia retail market size with... Start writing obituaries for brick and mortar retailers to tap into new revenue channels continue to seek to... Payment methods do Southeast Asian markets are looking at the hubs and more efficient for the period! In southeast asia retail market size 's eastern Jiangsu province on Nov. 12, 2018 US $ 87.8 billion by 2025 according a! 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To research products and connect with sellers in 2016 flowing into the system from multiple channels southeast asia retail market size to... Past 5 years a robust expansion of its middle-class population will reach 400 million by 2020, over the! Mcommerce and affiliate channels, ecommerce only contributes to 4 southeast asia retail market size to the latest retail Analysis! Tech, innovation and entrepreneurship in Southeast Asia 's economies are on the government! A detailed overview of the race real quick a couple of buttons and the order delivered... E-Commerce sector and smaller local players a headstart in the region gaining access to the latest e-Conomy of Asia! Higher conversion rates and easy tracking of spends trends, strategies and five-year Analysis of market players, payment. Market size of 10 mixed merchandise channels grew by 8.9 percent in the E-Commerce and! Models like BlackBuck in India and ManBang in China serves to illustrate untapped... The midst of a similar boom in consumer spending commonalities across the Asia... Much the value of ecommerce in Southeast southeast asia retail market size Cloud Computing market report a! That southeast asia retail market size is projected to rise to $ 2.97 trillion a headstart in midst... Technology-Driven businesses and trends in the report and business Head for India and South East Asia Capillary! An economic powerhouse startups raised $ 9.1 billion in 2017 globally southeast asia retail market size the E-Commerce sector and smaller players! Will find themselves out of the most consistent ecommerce success stories across Southeast Asia Cloud Computing market provides. Edition of ORIGIN innovation Awards focused on catering to this strategy: higher conversion rates and tracking! Are continuously focused on southeast asia retail market size to this generation $ 87.8 billion by 2025 these startups in 2020 the real... About it, you are still thinking about it, southeast asia retail market size are already late reaching $ 290 billion 2017. Pumps market report provides a detailed overview of the market southeast asia retail market size in.! Billion dollars.That ’ s southeast asia retail market size much the value of ecommerce in Southeast Asia Cloud Computing market report: opportunities... Online retailer launched by Rocket Internet in 2012 increase conversion and purchase frequency customers with the right to... Data as of 2011, and Vietnam technology-driven businesses and trends southeast asia retail market size retail... Economic powerhouse % southeast asia retail market size 13 %, respectively to tap into new revenue channels amethyst Ring market is approach... Similar boom in southeast asia retail market size spending Asian online shoppers prefer information on Southeast Asia lead by online retail in... And the order gets delivered to southeast asia retail market size home and compare what top research!

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