SG’s digital economy to reach $37.7b in 2025

The transport & Food sector is expected to grow 12% YoY to $7.8b.

Singapore’s digital economy is projected to reach $37.7b (US$29b) in 2025, up 7% year-on-year, according to an e-Conomy SEA report.

The report said the market’s growth is driven by strong momentum in key sectors, including Transport & Food, which is expected to grow 12% to $7.8b (US$6b).

Meanwhile, Online Media is set to surge 13% to $4.4b (US$3.4b) whilst Local commerce’s transaction volume jumps 30% YoY to $58.6m (US$45m).

($1=US$0.76)

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