Researchers at yStats.com foresee uptick in B2C E-Commerce sales in Middle East and North Africa
A new report by Hamburg-based market research company yStats.com, “MENA B2C E-Commerce Market 2016” points to growth in online shopping in the countries of the Middle East and North Africa. Concerning the findings of the publication, yStats.com CEO Yücel Yelken says “online retail is just a small portion of total retail sales in this region, but as Internet connections increases new online shoppers will emerge.”
Read more here: https://www.ystats.com/b2c-e-commerce-sales-in-mena-to-maintain-rapid-growth-rates-a-new-report-by-ystats-com-reveals/
Find the report here: https://www.ystats.com/product/mena-b2c-e-commerce-market-2016/
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Press Release: MENA B2C E-Commerce Market 2016
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PRESS RELEASE
Hamburg, June 6th
, 2016
Researchers at yStats.com foresee uptick in B2C E-Commerce sales in
Middle East and North Africa
A new report by Hamburg-based market research company yStats.com, “MENA B2C E-Commerce Market 2016” points
to growth in online shopping in the countries of the Middle East and North Africa. Concerning the findings of the publication,
yStats.com CEO Yücel Yelken says “online retail is just a small portion of total retail sales in this region, but as Internet
connections increases new online shoppers will emerge.”
The number of Internet users in the MENA region has grown rapidly over the last five years, and some countries such as
Qatar, Bahrain and the UAE have Internet penetration rates above 90%. The yStats.com report points out that online retail sales
growth is also expected in the countries that have lagged in Internet penetration but where the population is now signing on.
Even though Internet connectivity will allow shopping, many existing Internet users in the countries of the region have not
adapted the practice yet. In most of the countries of the Middle East and North Africa the percentage of Internet connected persons
who shop online is a low two- or even one-digit number and online retail is just around a low 1% of total retail. However, recent
increase in the online shopper numbers in MENA suggests that the region is poised for continued growth.
Local as well as global E-Commerce companies are prepared to benefit from the expected growth of sales. The yStats.com
report names Souq.com as a regional leader in online retail; Global companies such as Aliexpress.com, Amazon.com and eBay.com
are also sought by shoppers in the region.
For further information, see: https://www.ystats.com/wp-content/uploads/2016/06/20160602_-MENA-B2C-E-Commerce-Market-2016-by-
yStats.com_.pdf
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About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. 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.
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PRESS RELEASE
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. Our market reports focus predominantly on
online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce
Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and
journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary
market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.