According to this recent Renub Research publication, Saudi Arabia Ecommerce Market is anticipated to surpass US$ 25 Billion by the end of year 2026, driven by increasing mobile and internet penetration, advances in technology such as big data & cloud-based e-commerce platforms, sophisticated shipping and payment options, and increasing disposable revenue. In addition, internet payment choices offer an important chance for Saudi Arabia E-Commerce market.
There are multiple factors that assist the Saudi Arabia E-commerce Market; high e-commerce readiness index, strong preference to purchase online especially consumer electronics, increasing mobile penetration, improve internet penetration, use of advanced technology such as big data and e-commerce platform on cloud based, increasing per capita disposable income etc.
In Saudi Arabia, food and beverages are still popular in offline but consumer electronic and goods are mostly purchased online due to their convenience as temperature in Saudi Arabia remains hot in most of the day time. Besides, online display consists of large variety of product on different range that influences the consumer to buy as per affordability. Favorable policies of online business in Saudi Arabia will further improve the e-commerce market in forecast period of time.
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