·
Saudi Arabia and UAE are the
most emerging markets in the Middle East
·
Middle East is home to huge
numbers of SMEs, most of them don't own a website
·
Despite substantial growth in
the Middle East over the past couple of years the region is still behind a
number of other emerging economies in the ecommerce.
·
Political instability is a
major issue which may hamper the growth potential of ecommerce.
Ken Research
announced its most recent production on, “Online
Retailing in Middle East and Africa, 2015-2020; Market Dynamics, Retail Trends
and Competitive Landscape,”
which offers insights on the
changing trends and significant issues inside the Middle East and Africa Online
Retail market. The publication includes a keen analysis of the latest trends in
online consumer shopping, covering the factors driving web based shopping, consumer
bits of knowledge, market progression and reviews of the latest best practice
in online retail site design. It likewise gives information for historic and
forecast online retail sales. The report covers five countries in the Middle
East Asia and Africa where identified the largest and fastest growing category
and furthermore have also covered the competitive landscape of the significant
players in the market. It has provided in-depth analysis of the latest trends,
market dynamics and key innovations of ten specific categories in retail sector
in major countries across the region.
Monetary
development in the Middle East and North Africa (MENA) is stagnating. The World
Bank ventures overall GDP development to be under 3% for the current year.
In the US online
accounts for retail sales have been uplifting and therefore the market share of
Amazon is greater than Walmart there and China at the other hand, is home to
six of the twenty largest internet organizations across the globe; many of them
- like Alibaba and the B2C retailer JD.com - have their roots in ecommerce. MEA
is the smallest ecommerce market in the world. In Latin America, the
second-smallest ecommerce market, online buyers will spend over US$50 billion more
than twice what is being spent in this region. But development in the area is
faster than in many other regions across the globe, except Asia-Pacific, where
B2C e-commerce in China is growing at a rapid speed. The maximum number of
Internet users in the Middle East and Africa is estimated to be in Egypt,
followed by Morocco and Saudi Arabia. However, Internet penetration was at its
top in Qatar and the United Arab Emirates. Online shopping in the Middle East
and Africa region boomed especially as a result of group buying websites.
Despite
substantial development in the Middle East over a couple of years the region is
still behind a number of other emerging regions in the ecommerce shares. The
reasons of such an event include: In a region with no postcodes and usually
no home postal service, delivering things to consumers used to be a major
headache for businesses. Despite the Middle East is home to huge numbers of
SMEs, most of them don't own a website and even don’t have an intention of
getting one. Even big multinational organisations, like the French retailer
Carrefour, have a very limited online presence in the region. Social and
cultural dimensions stay imperative for Middle East consumers, including the
region's digital native. However many people still prefer to buy in person,
where they can negotiate and draw on long-term business relationships; few dynamics
which are also possible in the same way online
Political instability is a major issue
which may hamper not only the economic growth potential, but might also block
initiatives to promote internet usage, development of e-services and
consequently also affects the growth potential of e-commerce. The social
uprisings that emerged in the region are indicative of the threats that low
living standards and lack of political freedom pose to long-term sustainable
stability.
Topics
covered in the Report
·
Africa Retail Industry Research
Report
·
Global Premium Retail Industry
·
Global E-commerce Market
·
Middle East Online Food and
Grocery Retail Industry
·
Africa online Apparel industry
revenue
·
Middle East Consumer Goods
Retail Sector
·
Online Retail Industry Future
Africa
·
E-commerce
Market Regulations Middle East
·
Africa Ecommerce Retail Market Size
·
Middle East online retail
industry
·
Global Retail Industry Research
report
·
Africa E-commerce Sector
To know more on the
coverage, tap on the link underneath:
Related Reports
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204
