E-commerce market is undergoing rapid development. It is projected to reach $7,141 million in 2019 and is expected to grow at CAGR 9.5% (2019-2023), resulting in a market volume of $10,266 million by 2023. The Kingdom's government also actively easing the regulations to attract businesses.
Saudi has a total of 147 million internet users, 93 million active social media users, 312 million mobile subscriptions, as well as 83 million active mobile social users. These figures afford an inkling of the enormous potential the region has to offer for further growth. With Vision 2030, the strong growth along with the positive government approach in the region, shoppers can predict continual improvements in the value added by the ongoing upward trend in ecommerce.
Market Research Saudi will guide you through the sectors of e-commerce such as digitalization, digital wallet and social networking service. Our consultants will assist you through the ever-changing needs of buyers, beat competitors, and guide you to succeed in the market.