Staff Reporters
Nov 30, 2018

SEA ecommerce to reach $53 billion in 2023: Forrester

TOP OF THE CHARTS: Indonesia is the largest market, but the Philippines is the fastest-growing.

In a new online retail forecast for Southeast Asia, Forrester predicts that ecommerce in the region Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam will grow at a CAGR of 23% to reach $53 billion in 2023, up from $19 billion in 2018.

Other findings from the report 

  • Indonesia is the largest market, accounting for 41% of online retail in...

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