Indonesia as the ‘king’ in ASEAN Ride-Hailing Sector.
“Swipe up and to the right: Southeast Asia’s $100billion internet economy”, a report compiled by Google, Temasek, and Bain & Company reported that Indonesia as the ‘king’ in the ride-hailing sector – application-based transportation services.
The report said that the ride-hailing sector in Indonesia reach US$6billion in 2019. And this ride-hailing sector will reach US$18bilion by 2025. Until then, Indonesia will be the largest contributor in the ride-hailing sector – by that time, the total value of the ride-hailing sector in ASEAN will be US$40billion.
Food delivery is the biggest services of the ride-hailing sector. The report also said that food delivery has gone through changes in consumer behavior since 2018. It also experienced a drastic surge in the past 4 years. In 2015, there was US$400million of food delivery in ASEAN, and it have increased to US$5.2billion in 2019.