DUBLIN--(BUSINESS WIRE)--The "United Arab Emirates Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.
The United Arab Emirates stands on the brink of a transformative leap in the Ecommerce sector, with forecasts predicting an impressive growth trajectory. The market is anticipated to burgeon from a valuation of $30.7 billion in 2023 to an estimated $51.2 billion by 2028. This optimistic future is underscored by a compound annual growth rate (CAGR) of 10.24% throughout the period extending from 2024 to 2028.
Driving Forces Behind Market Expansion
A notable expansion within the B2C Ecommerce market segment is anticipated, propelled by the digital engagement of younger consumer demographics, including Generation Z and Millennials. In response to the swelling count of digital consumers, even traditionally offline retailers are pivoting to create digital fronts, enhancing their sales and revenue prospects.
Investments in logistical support, particularly the demand for warehousing, are rising in tandem with the UAE Ecommerce market's surge. This positive upturn is set to maintain its course, with online retailers expected to further increase their warehouse capacities in response to growing market needs.
Impact of New Entrants on Market Dynamics
The UAE's flourishing Ecommerce landscape is attracting both domestic and international brands to establish and expand their online platforms in the region. New entrants are diversifying the market, which is now expected to become more competitive, benefiting consumers through greater variety and potential price improvements.
Strategic Alliances Enhancing Shopper Experience
Retailers and global payment providers are entering strategic partnerships to optimize the Emirati online shopping experience. By improving the online payment infrastructure, companies are aiming to facilitate smoother transactions, bolstering payment security, and elevating customer satisfaction with advanced technology and an expanded array of digital wallet options.
New Regulations Shaping the Ecommerce Environment
With the Ecommerce industry evolving rapidly, Emirati authorities have enacted regulations to protect online consumers. These measures include stipulations against deceptive practices and ensure accuracy in the representation of products and services. Businesses are now also obligated to secure approvals before engaging in the sale or shipment of specific items, with heightened scrutiny on the use of customer data, promoting a secure online business milieu.
Ecommerce Market Dynamics and Key Performance Indicators
The UAE Ecommerce market is defined by diverse segments such as retail shopping, travel and hospitality, online food service, media and entertainment, healthcare, wellness, and technology products and services. Detailed analyses of market share, segment-wise performance, and consumer spending behaviors offer insights into the sector's nuanced dynamics.
Companies Featured
- Amazon
- Dubizzle
- Namshi
- Noon
- Sharaf DG
- Careem
- Carrefour
- Deliveroo
- Talabat
- Zomato
- Al Rostamani Travels
- Careem
- Dubai Taxi
- Infinity Travel
- Uber
Report Scope
This report provides a detailed data-driven look at the United Arab Emirates Ecommerce industry, covering various segments and highlighting areas of interest across the verticals in the industry. In addition, it provides a comprehensive understanding of market dynamics and future forecast.
Key Topics Covered:
- United Arab Emirates Ecommerce Market Size and Future Growth Dynamics
- United Arab Emirates User Statistics and Ratios of Key Performance Indicators
- United Arab Emirates Ecommerce Market Share by Key Players
- United Arab Emirates Ecommerce Market Size and Forecast by Ecommerce Segments (Gross Merchandise Value Trend Analysis)
- United Arab Emirates Ecommerce Market Size and Forecast by Retail Shopping Sales Channel
- United Arab Emirates Ecommerce Market Share by Travel and Hospitality Sales Channel
- United Arab Emirates Ecommerce Market Size and Forecast by Online Food Service Sales Channel
- United Arab Emirates Ecommerce Market Size and Forecast by Engagement Model (Gross Merchandise Value Trend Analysis, 2019-2028)
- United Arab Emirates Ecommerce Market Size and Forecast by Location (Gross Merchandise Value Trend Analysis)
- United Arab Emirates Ecommerce Market Size and Forecast by Device (Gross Merchandise Value Trend Analysis)
- United Arab Emirates Ecommerce Market Size and Forecast by Operating System
- United Arab Emirates Ecommerce Market Size and Forecast by City
- United Arab Emirates Ecommerce Market Size and Forecast by Payment Instrument (Gross Merchandise Value Trend Analysis, 2019-2028)
- United Arab Emirates Ecommerce Consumer Demographics
For more information about this report visit https://www.researchandmarkets.com/r/qzl66v
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
