Hamburg, Germany, April 08, 2018 --(PR.com
)-- Most countries of the Middle East and North Africa region have lagged the global average in share of total retail attributed to B2C E-Commerce, suggesting large potential for growth in the near future. The yStats.com publication cites forecasts of increasing Internet connectivity, particularly through smartphones, and broader acceptance of online shopping as drivers of increasing sales. This trend is particularly noted in the UAE and Saudi Arabia, the top two B2C E-Commerce markets in the MENA area.
Other factors also contribute to online retail sales growth. In Israel, another leader in the MENA region, cross-border shopping in search of lower prices through global sites such as Alibaba or Amazon is a driver of online sales, according to the yStats.com report. Governmental administrative action also paves the way for B2C E-Commerce. Egypt’s government has adopted a national strategy with the objective of doubling the number of online merchants and expects to see double digit growth rates through 2020.
Local and regional E-Commerce sellers such as Digikala, Jumia, and Amazon’s Souq.com compete with the global online merchants for the attention of the online shoppers in the MENA region. Thanks to this increasing competition, Oman and Bahrain expect to see nearly four times their 2015 level of online sales in 2020. The yStats.com report also includes forecasts of sales growth of other nations in the region.
For further information, see: https://www.ystats.com/wp-content/uploads/2018/04/2018.03.29_Product-Brochure-Order-Form_MENA-B2C-E-Commerce-Market-2018.pdf
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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
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