By Chris Levanes, Director of Cloud & Managed Hosting, APAC
For the past fifteen years, my professional life has been centered in Asia, with ten of these years as a resident. And throughout this time I have always held strong personal views on the economic potential of the region. However, the current and future growth projections have outpaced my most optimistic predictions and expectations.
Some recent stats from various sources which illustrate the extent of the growth that is occurring, include:
- Of the current 3+ billion global internet users, more than 46% reside within Asia-Pacific. It is estimated that Asia-Pac will represent more than 50% before the end of 2015.
- Global e-commerce transactions are currently estimated to be around ~USD $1.5 trillion. In 2014, Asia-Pacific became the world’s largest e-commerce market. By end of 2017, consumers in APAC will be responsible for more than USD $1 trillion of the estimated $2.3 trillion in global e-commerce sales.
Coupled with these growth trends, the region is also experiencing dramatic change. For example, Asia-Pacific is the fastest mobile device growth region in the world, and already accounts for more than 50% of global mobile phone ownership. In fact, many users from Asia-Pacific will connect to the Internet for the first time via a mobile device, and that...