Hamburg, Germany, January 24, 2018 --(PR.com
)-- While online retail sales presently in the UAE lag behind global averages, there are several factors pointing to a rapid future growth. The nation’s high personal income levels, internet connectivity and developed infrastructure, along with recent investment in B2C E-Commerce auger well for rapid growth in the near future. The yStats.com report cites authoritative forecasts of a more than a 100% increase in sales by 2021 compared to 2017.
Online shopping trends such as mobile shopping and purchasing from abroad are among the movements that are helping to overcome the preference for brick and mortar shopping in the UAE. Around 90% of the population have internet access and smartphone penetration is high, according to the yStats.com research.
Souq.com, the largest domestic online merchant was acquired last year by Amazon.com, giving the global operator a large share of sales in the UAE. But traditional store based retailers are rising to the challenge of Amazon’s domination by improving the online shopping experience for their customers.
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Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.
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