{"id":11203,"date":"2024-03-06T07:14:25","date_gmt":"2024-03-06T07:14:25","guid":{"rendered":"https:\/\/www.tradepassglobal.com\/?p=11203"},"modified":"2025-10-23T07:15:03","modified_gmt":"2025-10-23T07:15:03","slug":"indonesias-e-commerce-market-on-track-to-reach-95-84-billion-by-2029","status":"publish","type":"post","link":"http:\/\/43.205.9.160\/vi\/blogs\/indonesias-e-commerce-market-on-track-to-reach-95-84-billion-by-2029\/","title":{"rendered":"Indonesia\u2019s e-commerce market on track to reach $95.84 billion by 2029"},"content":{"rendered":"
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Jakarta, 6th<\/sup> March 2024:<\/strong> While technology trends in Indonesia have gathered renewed momentum post-receiving numerous regulatory advances, its e-commerce market in particular is witnessing one of the fastest growth rates in the world.<\/p>\n\n\n\n

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The government\u2019s introduction of the e-commerce law<\/a> in 2019, devised to enhance the management of internet-based and electronic trading activities, has further propelled the industry. The same also ensures tax compliance among e-commerce businesses.<\/p>\n\n\n\n

An increase in smartphone and internet penetration rate has been the major driver wherein the latter surged from 64% in 2020 to 73.7% in 2023, as stated by ISEAS – Yusof Ishak Institute.<\/p>\n\n\n\n

Consequently, tech moguls have forecasted that the country\u2019s e-commerce market size will reach $95.84 billion by 2029, soaring at a CAGR of 10.40% during 2024 \u2013 2029.<\/p>\n\n\n\n

Furthermore, e-commerce growth is also aligned with President Joko Widodo’s objectives from Indonesia Vision 2045 and considered as a strong tool for digital economy transition.<\/p>\n\n\n\n

Even technology events in Indonesia cannot stress on the significance of this industry enough. To learn more about Indonesia\u2019s massive leaps with tech-driven sectors, reserve your spot at the country\u2019s premier CIO event, Digital CIO 2024 \u2013 Indonesia<\/a> on 7 \u2013 8 May at Hotel Mulia Senayan Jakarta.<\/p>","protected":false},"excerpt":{"rendered":"

Jakarta, 6th March 2024: While technology trends in Indonesia have gathered renewed momentum post-receiving numerous regulatory advances, its e-commerce market in particular is witnessing one of the fastest growth rates in the world. The government\u2019s introduction of the e-commerce law in 2019, devised to enhance the management of internet-based and electronic trading activities, has further […]<\/p>","protected":false},"author":1,"featured_media":11202,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[48],"tags":[],"class_list":["post-11203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"http:\/\/43.205.9.160\/vi\/wp-json\/wp\/v2\/posts\/11203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/43.205.9.160\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/43.205.9.160\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/43.205.9.160\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/43.205.9.160\/vi\/wp-json\/wp\/v2\/comments?post=11203"}],"version-history":[{"count":1,"href":"http:\/\/43.205.9.160\/vi\/wp-json\/wp\/v2\/posts\/11203\/revisions"}],"predecessor-version":[{"id":11204,"href":"http:\/\/43.205.9.160\/vi\/wp-json\/wp\/v2\/posts\/11203\/revisions\/11204"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/43.205.9.160\/vi\/wp-json\/wp\/v2\/media\/11202"}],"wp:attachment":[{"href":"http:\/\/43.205.9.160\/vi\/wp-json\/wp\/v2\/media?parent=11203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/43.205.9.160\/vi\/wp-json\/wp\/v2\/categories?post=11203"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/43.205.9.160\/vi\/wp-json\/wp\/v2\/tags?post=11203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}