United Arab Emirates Leads Region in Online Retail Sales, according to a new report by yStats.com
The UAE is famous for its well established shopping malls, but B2C E-Commerce is also growing fast, according to the yStats.com report. Factors influencing the rapid growth of online shopping are the high percentage of the population connected to the internet, and increasing smartphone usage, along with growing consumer demand. Smartphone owners in the UAE use their hand held devices more than computers to connect to the Internet. Because of this, the share of B2C E-Commerce completed on mobile devices doubled between 2013 and 2015.
The new yStats.com report also points out that online shoppers in the UAE are unique in the high portion who shop exclusively outside their country. Nevertheless, the leading shopping website in the UAE is a local company. This company, Souq.com, recently received healthy investment which will permit it to expand its online shopping presence. Souq.com and a handful of other leading online retailers have dominated B2C E-Commerce in recent years, but market share of the leading few is decreasing as competition in the online market increases with the entry and growth of new players.
For further information, see: https://www.ystats.com/...
yStats.com GmbH & Co. KG
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.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.
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