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Friday, May 28, 2004

Internet usage in Asia leapfrogs

Internet use, particularly in China but across the rest of Asia as well, is exploding, making it geographically the world's largest market, altering consumer spending patterns and perhaps even the Internet's dominant language In just two more years, 250 million Chinese are expected to be accessing the Internet. In South Korea, nearly 59 percent of the population is to be using the Internet by the end of this year.The online gaming market totaled US$533 million in subscription fees in 2002, with Korea and Taiwan constituting two of the world's largest markets. Koreans are a unique population when it comes to online gaming. They lead the world in that pastime, with 54 percent of the market, followed by Taiwan at 26 percent.Incredibly, only two percent of Singapore Internet users trade stocks and mutual funds online. In Taiwan, it's 5 percent and in Australia, 9 percent. That is in stark contrast to the US where routine business dealings are increasingly being transacted on the Internet. Even in South Korea, where online games are a major diversion, only 7 percent of the PC users employ the Internet for online purchases.Particular attention is paid by the report to eight "core" economies - Australia, China, Hong Kong, India, Japan, Singapore, South Korea and Taiwan. The Asia-Pacific region is home to more than half the world's population - 3.56 billion people. But China by itself, the researchers conclude, with 1.3 billion people "could be the world's largest Internet market in just a few years". A big revolution is happening in the world of internet revolution where ASIA is catching up very fast with the US.

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Sadagopan's Weblog on Emerging Technologies, Trends,Thoughts, Ideas & Cyberworld
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