These enterprises account for more than 90 percent of the region’s businesses and, in some countries, contribute as much as 50 percent of employment and 70 percent of GDP. Beauty and personal care is the second most highly penetrated category in the region, with an e-commerce market size of around $1 billion in the GCC and Egypt. Determine average annual consumption. However, it does make the list of the top 10 largest ecommerce markets in the world: China: $672 billion; USA: $340 billion; United Kingdom: $99 billion; Japan: $79 billion; Germany: $73 billion; France: $43 billion; South Korea: $37 billion; Canada: $30 … Government intent. The Business-to-Business (B2B) E-commerce market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic … Simply click on the button … The market forecast is to reach US$48.8 billion in 2021, at a compound aggregate growth rate (CAGR) of 16.9 percent during 2016-2021. To study the future outlook and … paint a picture of an investable Middle Eastern market ripe with opportunity. An estimated $51 billion of e-commerce sales were registered across the Middle East, North Africa and South Asia (MENASA) in 2017, according to new research launched by Dubai CommerCity. Understand the impact of the crisis on your market. The e-commerce market in Oman is still a nascent market and has ample opportunities to grow in the future. Asia is dominating this segment, holding 54% of the global footwear market (compared to just 14.8% for Europe and North America, respectively). Triggered in part by pandemic lockdowns, consumers and businesses are shifting to digital channels, putting e-commerce sales on course to reach USD69.2 billion this year 1, from USD4.3 billion 2 just four years ago. The growth can be attributed to the rising disposable income, global per capita income, and expanding internet penetration For the Middle East and Africa, these numbers are at $30 billion and $25 billion, respectively. The middle east eCommerce market is growing fast. has the highest percentage of internet users who shop online, compared to other countries in the Middle East. BMI forecasts e-commerce market in the Middle East to be worth $48.6 billion in 2022, up from an estimated $26.9 billion in 2018. B2C E-Commerce Market in MENA to Double in size Between 2019 and 2022. By 2022, B2C E-Commerce sales in the Middle East and North Africa (MENA) are projected to increase two-fold compared to 2019, according to forecasts. The global e-commerce market is estimated to reach US$ 2 trillion by 2020. Qatar ($375m), Kuwait ($280m), Bahrain ($175m) & Oman ($70m) $520m The total current value of the offline retail sector in the Middle East is around of online … Yet they face impediments to growth, and their contribution to employment is below potential. MIDDLE EAST B2C E-COMMERCE MARKET 2019 MOBILE SHOPPING ENCOURAGES THE GROWTH OF B2C E-COMMERCE IN THE MIDDLE EAST In 2020, B2C E-Commerce sales in the Middle East are projected to reach nearly twice the value they were in 2017. It was publicly reported during the Amazon deal that e-commerce accounts ... launch operations during 2017 and is also expected to have a big impact on e-commerce within the region. The coronavirus outbreak contributed to the growth of the e-commerce sector in the middle east, as over 40% of respondents started shopping online more than they did before the outbreak. To know about the assumptions considered for the study, Request for Free Sample Report. The report by the Dubai-based government body and the payments company found that the UAE was the fastest growing e-commerce market in the Middle East and North Africa. Figure 1: Middle East and North Africa (MENA) e-commerce is worth $8.3 billion and has grown by 25% annually since 2014 In MENA, the e-commerce penetration of total retail sales averaged 1.9% in 2017, with the GCC at 3%. The UAE’s $27 billion e-commerce market and the Kingdom of Saudi Arabia’s $22 billion market, will be the two largest markets dominating the region by 2020, PayFort’s 2016 State of Payments report found. Middle East B2C E-Commerce and Payment Market 2020 & COVID-19's Impact. For example, while e-commerce’s share of the liquid milk category is small (2%), it nearly doubled in size (+91%) between 2013 and 2014, leading the online growth of all FMCG categories. 2. View full description > *.. Verify Your Email Address. Mobile shopping is one of the major drivers for online retail sales development in MENA, with more than one in two online consumers shopping with … 3.0 Middle East e-commerce With an estimated 260m internet users, Middle East e-commerce is expected to jump from $20.6bn in 2012 to a forecasted $33.8bn in sales for 2014. Food is the primary growth engine. Source - PwC, Total Retail 2017 - Middle East Report Base 1,007 “It’s likely the impact of e-commerce will be felt much quicker here in the region due to the young age demographic who are actively using their smartphones and heavily engaged in what’s trending on social media ” Norma Taki, PwC Partner - Head of Retail, Middle East M-commerce will continue to break out over the next few years. The market is mainly driven by the emerging online e-commerce platforms and the advent of core technologies such as the internet of things (IoT), artificial intelligence (AI), cloud security, and others. The global e-commerce market size was valued at USD 9.09 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027. Gulf Business is the regions first and leading business magazine. Sep 04, 2020 | USD 2,300... of total retail sales in the UAE was the highest among its Middle Eastern neighbors such as Saudi Arabia, Qatar and Oman but was much lower than the mature online retail markets such as China ... Read More into the Middle East market. The market forecast is to reach US$48.8 billion in 2021, at a compound aggregate growth rate (CAGR) of 16.9 percent during 2016-2021. ... (B2B, B2C), By Region … Malaysia: Probiotic supplements in e-commerce; Probiotic e-commerce: Market size and brand share insights across 20 markets; Probiotics by target population – Strategic product roadmap fact sheets; Immunity, inflammation, oral health and respiratory probiotics; Probiotics & the First 1000 Days nutrition: 25-market analysis ; Skinbiotics: Probiotics for skin health, eczema, allergies & more; View All … E-commerce is becoming a major area of focus for retailers in APAC, where China is becoming the largest e-commerce market worldwide. The value of e-commerce-related transactions is about $11bn a year in the Middle East, according to Jawad Abbassi, founder and general manager Arab Advisors Group. At DBMR, we are continuously striving to become one of the most trusted companies in the world, uniquely positioned to provide emerging healthcare technology market intelligence solutions and market research reports for- Medical Devices, Healthcare IT & Services, Life Sciences & Biotech, and Emerging Healthcare Technologies, covering the entire industry spectrum. Market players should always keep an eye on the risk of government intervention and legislative changes. But the UAE is right at the heart of efforts to build online shopping across the region. In 2017, the e-commerce market size in Saudi Arabia amounted to three billion U.S. dollars. With UAE being the trailblazer of eCommerce. E-tail and e-travel, together, will continue to hold >90% share of e-commerce, while online financial services are expected to witness the fastest growth. According to a report published by Visa, the market size of ecommerce in the Middle East is set at $48.6bn in 2022 compared to $26.9bn that was set in 2018. Leading the way, Latin America grew 36.7%. 2. The global B2C e-commerce market size was valued at USD 3.67 trillion in 2020. eMarketer estimates that retail e-commerce sales will reach $3.578 trillion. The UAE’s $27 billion e-commerce market and the Kingdom of Saudi Arabia’s $22 billion market, will be the two largest markets dominating the region by 2020, PayFort’s 2016 State of Payments report found. Global ecommerce is many things—cross-border commerce, borderless business, international online retail. At DBMR, we are continuously striving to become one of the most trusted companies in the world, uniquely positioned to provide emerging healthcare technology market intelligence solutions and market research reports for- Medical Devices, Healthcare IT & Services, Life Sciences & Biotech, and Emerging Healthcare Technologies, covering the entire industry spectrum. The global pet food market generated revenue of $68,109 million in 2014, and is expected to garner $92,747 million by 2022, registering a CAGR of 4.1% from 2016 to 2022. The growth can be attributed to the rising disposable income, global per capita income, and expanding internet penetration Rely on our Market Intelligence platform to get the latest trends on the E-Commerce Industry and anticipate … "The UAE's e-commerce market is estimated to be worth $27.1 billion in 2022. According to a Frost & Sullivan report, the e-commerce market in the GCC countries is expected to be US$ 41.5 billion this year with share of Oman pegged at around US$ 4.98 billion. Ethics and Expansion “Paths” Are Near Universal. According to global cybersecurity firm Gemalto, the number of data breaches in the Middle East rose 16.67% … Proactive government policies have been crucial in building a digital culture in … 3. Market players should always keep an eye on the risk of government intervention and legislative changes. Saudi retailers go to the stock market. Sources – Legal restrictions could have a major impact on … The e-commerce market in the Middle East is booming. On the basis of region, the Blockchain Technology market has been segmental into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. 13 . M-commerce, or mobile commerce, involves shopping online through a mobile device like a smartphone or tablet. Moreover, the To survey and forecast the market size share of Middle East E Commerce Logistics, in terms of value and volume. The " Middle East B2C E-Commerce Market 2018" report has been added to ResearchAndMarkets.com's offering. UAE B2C 2010 e-commerce sales growth in the UAE was of the total GCC e-commerce sales, according to Visa. ... and throughout the Middle East. "The UAE's e-commerce market is estimated to be worth $27.1 billion in 2022. This is expected to increase even more to $51.4bn by 2017. Despite these obstacles, the UAE continues to lead the pack when it comes to the average size of e-commerce transactions. Middle East e-commerce Ever since electronic commerce or as the popular acronym goes, e-commerce, has come into existence, there has only been positives being raved about it. Provide detailed information concerning the Middle East E Commerce Logistics major factors (opportunities, drivers, restraints, and industry-specific challenges) influencing the growth of the Middle East E Commerce Logistics market. The significant traction achieved by the e-commerce industry over the past years is a testimony to how the internet has transformed the way people sell and buy goods and services. Search reports, statistics & slideshows on E-Commerce. Pet Food Market Outlook - 2022. According to the US Department of Commerce’s International Trade Administration, the value of e-commerce transactions in Saudi Arabia was predicted to have The global e-commerce market size is anticipated to reach USD 27.15 trillion by 2027, expanding at a CAGR of 14.7% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. Initial indications confirm the shift to online: Amazon’s sales in the Middle East grew by 26 percent to $76 billion in Q1 2020. Singapore Ecommerce Insights | 4.1 Million Online Shoppers By 2025. Ecommerce has been one of the fastest growing businesses in the It is expected to expand at a compound annual growth rate (CAGR) of 9.7% from 2021 to 2028. Figure 1: Middle East and North Africa (MENA) e-commerce is worth $8.3 billion and has grown by 25% annually since 2014 In MENA, the e-commerce penetration of total retail sales averaged 1.9% in 2017, with the GCC at 3%. The regional e-commerce market, however, still has much more room for growth, as it makes up of just 2%-3% of the region’s total commerce market, according to Go-Gulf. Free White Paper: "Emerging Cross-border E-Commerce Market: The Middle East" Get insights into the behaviors and technologies that make the Middle East one of the most exciting emerging markets for cross-border sales. E-commerce transactions in the UAE are forecast to total $16 billion (Dh59bn) in 2019 and grow 23 per cent annually between 2018 and 2022, according to a joint study by Dubai Economy and Visa. 13 . Key trends and major players of e-commerce in Southeast Asia. The Gulf Cooperation Council (GCC) region is the powerhouse driving this growth. Euromonitor International's E-commerce in Middle East and Africa global briefing offers an insight into the size and shape of the retailing industry, highlights emerging trends, their effects on retailing in markets around the world, on the development of channels and consumers’ shopping patterns. Europe has the largest e-commerce market in the world, growing 19 percent last year, with the total value of the market estimated at 246bn euros, according to figures from the European Multi-channel and Online Trade … Ecommerce Market Share: US vs Global Trends. The concept’s dynamics have been explored thoroughly over the course of the years and with newer technological stimuli making inroads into the commercial spectrum, the relevance of e-commerce has gained further … In some of the region’s markets, transformation is unfolding at a rapid pace. Despite these obstacles, the UAE continues to lead the pack when it comes to the average size of e-commerce transactions. We saw less growth in the Middle East & Africa, 19.8%, but this is still a commendable growth rate. In the Middle East, online retail still accounts for a smaller share of the market, at an estimated 2-3% compared with 10-15% in developed western economies – yet that share is growing quickly. In the Middle East, online retail still accounts for a smaller share of the market, at an estimated 2-3% compared with 10-15% in developed western economies – yet that share is growing quickly. [186 Pages Report] The global e-bike market size is projected to grow to USD 70.0 billion by 2027 from USD 41.1 billion in 2020, at a CAGR of 7.9%. Lessons from European business surveys (2) Larger enterprises more active in e-commerce 19% of large … The region’s online sales revenues have been increasing consistently. According to a recently published report by global management consultancy firm Bain & Company that is present in Middle East through its office in Dubai, Riyadh & Doha, the ecommerce market in the Middle East & North Africa is expected to reach $28.5 billion by 2022. With the retail landscape changing on a daily basis, both retailers and investors need to truly understand the dynamics behind these changes - … Six of the top 10 fastest-growing ecommerce countries in 2019 hail from the Asia-Pacific region, led by India and the Philippines at more than 30% growth and rounded out by … BMI forecasts e-commerce market in the Middle East to be worth $48.6 billion in 2022, up from an estimated $26.9 billion in 2018. For … Trends. In 2017, the e-commerce market size in Saudi Arabia amounted to three billion U.S. dollars.
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