Tech In Asia Report Reveals The Latest Trend Of Technology Industry In Southeast Asia

Digital payment illustration (photo: Unsplash)

JAKARTA - Tech in Asia has just released a report SEA to the Future: The 2024 Tech In Asia Conference Report, which reviews industrial conditions ahead of the 13th edition of the annual major conference Tech in Asia Conference 2024.

Based on the report, financial technology (Fintech) and e-commerce have consistently been the sectors with the highest funding in Southeast Asia over the past 5 years.

Furthermore, the report reveals that Southeast Asia, with a population of more than 600 million skilled individuals in technology, remains in the spotlight on the global tech landscape.

In Southeast Asia, especially in the Fintech sector, cash is no longer the mainstay of the community, but digital payments which are now playing an important role in increasing financial inclusion.

Meanwhile, in the e-commerce landscape in Southeast Asia, regional giants such as Shopee and Lazada, as well as local players such as Tokopedia and Bukalapak, continue to compete for market share.

Meanwhile, the emergence of social commerce, especially for small businesses, has become an increasingly growing trend. Other new trends in Indonesia, including live commerce and new retail, emerged as an effective method for direct to consumer brands (D2C) to reach their consumers.

On the other hand, climate technology and cleantech experienced a significant increase in interest, especially last year, in line with the increasing demand for energy and emissions in the region.

However, according to the Tech in Asia report, there is still a lot to be done so that climate technology can develop in Southeast Asia.