A digital revolution is driving growth across Asia Pacific, transforming the way we live, work and do business. It is little surprise that this region is blazing the digital trail for the rest of the world:
Demographically — Asia Pacific has a growing population, a growing workforce and a growing consumer class
Digitally — It is home to a fast-growing population of digital natives
Dynamically — A combination of better access to the internet, growing prosperity and improved education has created a new class of digital entrepreneurs who are uniquely positioned to identify and fill gaps in the regional market.
Asia Pacific has long been the engine of global prosperity driven by its network of industrial supply chains, but two shifts are now changing its growth-profile dramatically. First, Asian economies are becoming markets in their own right as their incomes rise. The second is that the ability to deliver products digitally has shifted the principal driver of regional growth from manufacturing to services.
The KPMG-HSBC Emerging Giants in Asia Pacific joint report takes an in-depth look at new economy businesses across the region that we believe will make a lasting impact on the global business landscape over the next decade. By analyzing economic and investment indicators in twelve key Asia Pacific markets and interviews with leading start-up founders and executives, we identify exemplary business models for future growth; as well as the conditions that will enable these markets to continue to thrive in today’s constantly changing business environment.
Read more details here: https://home.kpmg/xx/en/home/insights/2022/07/emerging-giants-in-asia-pacific.html