Internet service capabilities determining success across the APEC region

Thursday, January 30, 2014

The internet is a communication resource that is vital to businesses across all sectors. It is relied upon to perform multitudes of functions, from research to facilitating payments.

 

The internet economy itself is a commodity that is dependent upon the availability of reasonably costed players in the telecommunications market. Smart technologies undeniably assist with servicing innovation which in turn creates growth in business and pushes market potential.  Innovation is highly dependent on a business environment that provides the right support resources therefore it is a continuous pattern.

 

Existing internet infrastructure impacts the amount of foreign direct investment (FDI) that both developed and emerging economies receive due to the structural support it can provide incoming companies. When expanding abroad this factor is taken into account by businesses when choosing new entry locations.

 

Internet capabilities and facilities across the Asia-Pacific region substantially differ in capability with internet facilities having plenty of room for improvement, most notably in emerging markets with domestic business communities hoping for improvements to allow for more conducive business environments to propagate.

 

According to the Key Indicators Database which provides statistics supplied by the APEC Secretariat, the number of inhabitants per internet use across the whole APEC region has increased year after year from 2000 to 2012, a trend that is expected to continue.