The GCC e-Commerce Retail market is anticipated to grow at a CAGR during the forecast period (2021-2027). The key factors to drive the market growth include rise of innovations witnessed among the retailers who are building omni channel and digital experiences in their business models, allowing customers to pay for their purchases with mobile devices, e-wallets, and other versatile digital payment methods. For instance, in March 2021, The Al Futtaim group in the UAE has launched a Click and Collect service on several brands, including Ace Hardware, allowing customers to make an online purchase and pick it up in-store. This service enabled Customers to shop online and pick up their purchases from select stores at any of Majid Al Futtaim’s shopping malls.
A full report of GCC e-Commerce Retail Market is available at: https://www.omrglobal.com/industry-reports/gcc-e-commerce-retail-market
As the GCC countries has lot of potential of the e-commerce market, the government in GCC countries such as Saudi government has taken number of steps to boost the market. For instance, in October 2019, Saudi Arabia’s Ministry of Commerce and Investment (MOCI) has issued a new Electronic Commerce Law (the E-Commerce Law). The following e-Commerce Law requires service providers to provide consumers with online terms and conditions of use via an electronic contract between the provider and the user. Therefore, this Law aims to boost consumer trust in e-commerce transactions. It includes provisions designed to protect consumers from manipulation, fraud, and misrepresentation of information.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By customers
o By products
o By device-used
- Regions Covered-
o Bahrain
o Kuwait
o Oman
o Qatar
o Saudi Arabia
o United Arab Emirates (UAE)
- Competitive Landscape- Amazon.Com Inc, Souq.com, Next Retail Ltd, Rakuten Kobo Inc., BasharaCare.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
GCC e-Commerce Retail Market Report Segment
By Customers
- Business to Consumer
- Business to Business
- Customer to Customer
By Products
- Electronics
- Fashion
- Books and Magazines
- Others (home décor, automobile, sports, beauty and personal care, kitchenware)
By Device Used
- Smartphone
- Tablets
- Personal Computer
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
