B2C E-Commerce in the GCC to Double by 2020 Says yStats.com Report
Summary
Although smaller in size, online retail markets in other countries of the region are also expected to show strong growth, according to projections in the yStats.com publication.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.Surveys cited in the yStats.com report suggest that many potential shoppers in the well Internet connected nations of the GCC do not trust B2C E-Commerce nor online payment methods.Investments in the region by Amazon.com as well as efforts of local merchants are making shoppers aware of the opportunities and benefits of online purchasing.The UAE and Saudi Arabia are the current leaders in online sales volume in the Gulf Region, and with a higher growth rate, the Kingdom is forecast to overtake the UAE in the number one position by 2020.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.