New index of nations to mitigate risk of global digital platforms. Currently concentrated in the USA, with 90% of the 371 billion monthly global users
The Report has identified 370 top 'digital platforms' globally representing an estimated annual revenue of $1.87 trillion and 371 billion average monthly users in 2022.
Digital Platforms based in the US dominate global reach and revenue by a significant margin. China the second largest by reach, only represents 3% global reach comparatively followed by Russia, Japan and South Korea
USA, China, and Japan lead the Global Digital Platform Power Index that evaluated 90 countries, with ‘Promising’ and ‘Over Performance’ nations also highlighted
Dubai, Dec 31st, 2023 - DinarStandard, a specialized markets growth strategy research and advisory firm, has announced the results of its inaugural Global Digital Platform Power Index 2023 Report with a unique focus to guide governments in realizing the advantages of indigenous platform power for their economies.
The Report has identified 370 top 'digital platforms' globally representing an estimated annual revenue of $1.87 trillion and 371 billion average monthly users in 2022. USA-based global digital platforms (like Google, Twitter/X, Facebook, and others) represent 90% of the 371 bill average monthly users est. in 2022, wielding global influence threatening the national interests of many nations. The Report identifies areas of this ‘concentration risk’ for the rest of world governments to include -- limiting access to their own population data, loss of influence domestically and internationally, and job, and economic losses.
The United States, China, and Japan led the Global Digital Platform Power Index that evaluated 90 countries on their digital platform power relative to other countries in terms of economic influence, enabling environment, and Platform 2.0 Readiness. Meanwhile, the Index also identified Turkiye, Slovakia, and Malaysia as the top promising countries. For overperformance compared to per capita GDP, China and India have outpaced other nations by 50 and 46 places, respectively. Russia, Ukraine, Indonesia, Japan, and Morocco also did well despite their relatively lower GDP per capita.
Dr. Sayd Farook, Senior Partner, DinarStandard said: “Although governments do not directly control digital platform assets, the countries that host the ultimate headquarters wield significant influence regionally and sometimes globally. Platform power has little to do with the size of a country’s population or its economic might. Rather, smaller or less wealthy nation-states can have an outsized influence by creating the appropriate enabling environment and preparing for platform 2.0 readiness. Our report lays out strategies and framework by which to do so and our proprietary model enables government entities to ask the right questions to ensure that they can enable a strong digital platform economy.”
The Global Digital Platform Power Index is a benchmark to mitigate these risks and enable its opportunities. The purpose of the Platform Power Index is to measure the intensity of economic digital platform power across countries globally.