Middle East falls among the top lists of the shopping regions. The actual scenario of ecommerce in Middle East is quite difficult to pin down due to the various norms, government regulations and strict trading policies. Still the below content would be able to help you out in figuring the rough scenario over the various regions in Middle East. It might surprise you that the Middle East e-commerce market is set to double up $69bn by 2020, as per the report by Pay Fort an online regional payment platform. With the growing ecommerce trends many retailers have already taken their stores mobile by developing the ecommerce mobile app to be visible and reachable to their target customers. With the fast penetration of smartphones as depicted in the below and customers adaptability towards it, around 42% of the people in the Middle East access their internet to shop from online store. In addition to this, around 87% of these online shoppers are very much satisfied with their online shopping experiences. Image Source: https://www.go-gulf.ae/blog/smartphone-middle-east/ In addition to the above statistics, there is a particular pattern observed among the middle-east smartphone owners for their online shopping activity. They not only focus to shop online but also conduct other activities such as product research, finding local retailers, price comparisons and so on. Below is the tabular representation of the same. Image Source: https://www.go-gulf.ae/blog/smartphone-middle-east/
As per statista,
Middle East being hub for the ecommerce market, many retailers from across world are keeping an eye on it. Cross Border Ecommerce Scenario in Middle East Maximum chunk of online shoppers in the Middle East are now adapting cross border products. With the ecommerce features like multi lingual and multi- currency as well as integration of international payment methods and gateways. In addition to it, the shipping methods are reliable and have led many shoppers purchase products from other regions. As per the recent statistics,
Well the above data gives you the in-depth scenario of ecommerce market in Middle East so that for the ones who are planning for entering or expansion in Middle East can plan the entry strategies accordingly and tap the most potential and rising Middle East market.
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AuthorI am Audrey Zack. I have a very strong background in technology and development with a passion for creating innovative design and developing simple solutions to challenging problems. I believe in result oriented and innovative project skills with top tier strategy, experience and technology. Archives
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