Over the previous few years, the Saudi Arabia economy has witnessed unprecedented development. Together, the National Transformation Program (NTP) and Vision 2030 envisage a multi-faceted economic development, both of which set out important plans to help achieve this goal. Enabling financial diversification, driving growth in the SME segment and fostering innovation and entrepreneurship is at the core of these goals, and developing the e-commerce industry as part of the NTP will add additional fuel to these economic development plans.
According to this recent publication, Saudi Arabia E-commerce Market is anticipated to surpass US$ 25 Billion by the end of the 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.
Convenience is the main driver of the general development of the online shopping industry in the hot weather of Saudi Arabia. Using search engines and applications, it is simpler to navigate through different product classifications. Consumers find it difficult during their hectic timetable to visit retail shops. E-commerce shopping enables customers to shop for 24 hours sitting in-home or at the office. Besides, door-step delivery of the product is produced to remove transportation problems.
Trends have shown that in comparison with retail shops, products available online are lesser in price. The other primary factors expected to drive internet buying are discounts, offers, and cash-on-delivery facilities for online retailers. Initiatives of companies like Amazon, Emmar Group and Jarir Marketing are also a growth factor for Saudi Arabia e-commerce market.
This report titled "Saudi Arabia E-commerce Market, Penetration, Users, Average Revenue Per Users (ARPUs) Forecast by Segments (Food & Personal Care, Furniture & Appliances, Toys, Hobby & DIY, Electronics & Media and Fashion), by Payment Methods (Bank Transfer, Cards, Cash on Delivery and E-Wallet), Company Analysis ( Amazon (Souq), eBay, Namshi, Noon and Jarir Marketing (Bookstore))" provides an all-encompassing insights of Saudi Arabia E-commerce Market.
Fashion and Electronics & Media Segments hold the major market share in Saudi Arabia E-commerce Market
Complete analysis of 5 segments Food & Personal Care, Furniture & Appliances, Toys, Hobby & DIY, Electronics & Media, and Fashion is given in the report. Fashion and Electronics & Media segments hold significant market share in the market.
Payment methods are dominating by E-Wallet and Cards in Saudi Arabia
Payment methods like Bank Transfer, Cards, Cash on Delivery and E-Wallet are covered in this research report. Saudis are using Cards and E-Wallet for online payment in the Saudi Arabia market.
Company Analysis - Overview, Recent Developments, and Global Revenue
Amazon (Souq), eBay, Namshi, Noon and Jarir Marketing (Bookstore), are some of the big companies operating in the Saudi Arabia E-commerce market; which has been analyzed thoroughly in the report.
By Segments
- Food & Personal Care
- Furniture & Appliances
- Toys, Hobby & DIY
- Electronics & Media
- Fashion
By Payment Methods
- Bank Transfer
- Cards
- Cash on Delivery
- E-Wallet
Company Analysis
- Amazon (Souq)
- eBay
- Namshi
- Noon
- Jarir Marketing (Bookstore)
Table of Contents
1. Introduction2. Research & Methodology3. Executive Summary
Companies Mentioned
- Amazon (Souq)
- eBay
- Jarir Marketing (Bookstore)
- Namshi
- Noon
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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