openPR Logo
Press release

Great Potential for B2C E-Commerce Markets in the Middle East

06-05-2012 08:12 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ystats.com Gmbh & Co. KG

yStats.com Logo

yStats.com Logo

The new "Middle East Internet & B2C E-Commerce Report 2012" by Hamburg-based secondary market research firm yStats.com provides a clear and comprehensive analysis of the development of the online markets in the Middle East. In addition to regional data, the report presents key figures related to Internet use and B2C E-Commerce in 12 different nations – including Saudi Arabia, Israel and the UAE. Additionally, information is given on more than 20 top competitors including their company profiles.

In 2011, the highest number of Internet users in the Middle East was recorded in Saudi Arabia, whereas Internet penetration was the highest in Qatar and the United Arab Emirates. Online shopping boomed especially as a result of group buying websites, with the most popular product categories being air tickets, and household appliances and consumer electronics in the period between December 2011 and February 2012. Lack of confidence in available payment methods was one of the reasons why almost half of all Internet users refrained from online purchases in 2011. Nonetheless, Souq.com, one of the leading online shops headquartered in the UAE, recorded as many as two million unique visitors worldwide in April 2012. Shopping portal Cobone.com performed transactions of almost 500,000 EUR per month in its electronics portal up to February 2012.

Strong growth of online segment in Saudi Arabia, Israel and the UAE
Overall, the number of Internet users in the nations of the Gulf Cooperation Council (GCC: including Bahrain, Qatar, Kuwait, Oman, Saudi Arabia and the UAE) increased between 2000 and 2010 annually by more than 30 percent. According to forecasts, B2C E-Commerce revenue is expected to rise by more than one third between 2010 and 2015. In Saudi Arabia, Internet penetration and confidence and - as a result - B2C E-Commerce were predicted to grow strongly in 2012. The most popular shopping website there was Amazon.com, followed by Souq.com. In 2011, the share of male Internet users in Israel was slightly higher than that of female users; the most popular activity among this group was reading news, while less than 10 percent shopped online. In the UAE, the number of Internet users strongly increased in early 2012 due to improved connections and more and more purchases were made on regional websites paid with credit cards.

Online upswing in Bahrain, Kuwait and Jordan
Between 2010 and 2011, B2C E-Commerce revenue increased by almost fifty per cent in Bahrain and by almost two thirds in Kuwait. In 2011/12, B2C E-Commerce boomed in Jordan too due to improved broadband access. In Qatar, air tickets, followed by apps were especially popular in mobile commerce by the end of 2011, and in August 2011, more than one quarter of all Internet users in Lebanon spent on average more than six hours daily surfing the Internet. However, according to the "Middle East Internet & B2C E-Commerce Report 2012" by yStats.com B2C E-Commerce in Oman was curbed as a result of slow Internet connections; in early 2012, Internet was still slow and expensive in Yemen too due to a state monopoly. More than one quarter of all Iraqis searched information on the Internet in May 2011, while in August 2011, one third of all Internet users in Syria spent on average one to two hours per day online. Internet penetration rates and online retail vary across the nations of the Middle East, with fast and improved Internet connections promoting the spread of online retail throughout the region.

About yStats.com
yStats.com has been committed to research up-to-date, objective and demand-based data on markets and competitors for top managers from various industries since 2005. Headquartered in Hamburg, Germany, the firm has a strong international focus and is specialized in secondary market research. In addition to offering reports on markets and competitors, yStats.com also carries out client-specific research. Clients include leading global enterprises from various industries including B2C E-Commerce, electronic payment systems, mail order and direct marketing, logistics, as well as banking and consulting.

Press Contact:
yStats.com GmbH & Co. KG
Behringstrasse 28a, D-22765 Hamburg
Phone: +49 (0)40 - 39 90 68 50
Fax: +49 (0)40 - 39 90 68 51
E-Mail: press@ystats.com
Internet: www.ystats.com
Twitter: www.twitter.com/ystats
Facebook: www.facebook.com/ystats

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Great Potential for B2C E-Commerce Markets in the Middle East here

News-ID: 223881 • Views:

More Releases from ystats.com Gmbh & Co. KG

The global B2C E-Commerce market is expected to double from 2022 to 2025: New report from yStats.com
The global B2C E-Commerce market is expected to double from 2022 to 2025: New re …
[Hamburg, Germany - September 14, 2023] - The latest release from Hamburg-based market research company yStats.com, titled "Global B2C E-Commerce Market 2023," provides an overview of global trends in the B2C E-Commerce market and insights into the growth potential of various markets through key figures, forecasts, and trends. B2C E-Commerce market initially experiences strong growth followed by a moderate growth outlook. While the world witnessed a boom in online shopping during the
B2C E-Commerce sales in Eastern Europe projected to rise in 2019, reports yStats.com
B2C E-Commerce sales in Eastern Europe projected to rise in 2019, reports yStats …
yStats.com, Hamburg-based desk research firm specialized in E-Commerce & Online Payment market intelligence, has released a new publication: “Eastern Europe B2C E-Commerce Market 2019”. According to this report’s findings, online retail sales in the countries of Eastern Europe are expected to maintain double-digit growth in 2019. More consumers in Eastern Europe shop online Online shopper penetration is on the rise across Eastern Europe, but remains behind that of Western Europe. In the
New report from yStats.com suggests continued expansion of online retail in Vietnam
New report from yStats.com suggests continued expansion of online retail in Viet …
A recent publication from Hamburg-based business intelligence company yStats.com, “Vietnam B2C E-Commerce Market 2019,” projects continued strong growth of the online retail sector in the Southeast Asia nation through the middle of the next decade. Factors contributing to the growth include the entry of regional and global online merchants in Vietnam, plus the growing Internet connectivity through mobile phones. Online retail sales year on year to increase at a double-digit
Online retail sales in Thailand projected to continue strong growth: yStats.com report
Online retail sales in Thailand projected to continue strong growth: yStats.com …
The latest publication from Hamburg-based research firm yStats.com, “Thailand B2C E-Commerce Market 2019,” reveals the expectation of continued year-to-year online retail sales increases. Thailand’s mobile and social shopping trends make it one of the leaders in the region in total web-base sales. Internet connection increase and social media shopping result in more online shoppers Thailand’s constant rate of growth of internet connectivity and the growing comfort of connected individuals in making purchases

All 5 Releases


More Releases for Internet

Internet of Things Devices Market - Extending Internet Connectivity Beyond Stand …
This study researches the market size of Internet of Things Devices in United States, European Union and China, presents the Internet of Things Devices production, consumption, value, product price, market share and growth rate by companies, type and application, history breakdown data from 2013 to 2018, and forecast to 2025. For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share
Internet of Things Market - ZigBee Leads Global Internet of Things Market
Global Internet of Things Market: Overview The Internet of Things refers to the interrelated devices that are able to transfer data over a network without requiring computer and human interaction devices. Internet of Things is directly and indirectly associated with daily lifestyle products across the globe. Internet connectivity is one of the major requirements of different application as it is expected to grow at high rate in next forecast period. Furthermore,
Sextillion Internet Possibilities
arvato Systems is introducing a new Internet Protocol Standard, IPv6 arvato Systems (Gütersloh, Germany) -- The number of IP addresses available is in decline. Without them, the internet cannot function. That’s why arvato Systems is heeding the Internet Society’s call to action, and participating in this year’s IPv6 launch day. The new protocol will exponentially expand the number of available IP addresses. IPv6, or ‘Internet Protocol Version 6’ is a new Internet
WSI Internet Franchise
-WSI Salutes All Veterans and Believes in Investing in America- Toronto, Ontario, March 4, 2011… Since beginning The Investing in America campaign in August 2010, WSI continues to be presenting US-based military veterans the opportunity to choose a WSI marketing business for a substantially discounted charge with the mandate that they “pay it forward” by giving back to their hometown communities through numerous charitable performances. As a result of this
OEM Internet Filtering Products for Internet Security Companies to "Strengthen T …
BluePrint Data, the leader in high quality OEM internet content filtering solutions with the largest database of exclusively human reviewed web site reviews (aka URL reviews), announced today's new program for Internet Security Companies that help "Strengthen the Core". BluePrint Data's OEM Web Filtering technologies and URL filter database can provide Internet Security manufacturers or providers (including VARs, Resellers, and others) that source their Internet Web Filtering databases
New Internet Marketing Platform Released to Help Internet Marketers
The Six Figure Mentors, a new UK-based company, is finally ready to be launched in cyberspace on December 9th, 2010. Created by Stuart Ross and Daniel Wagner, two very experienced Internet marketers, the new platform aims at teaching new Internet marketers how to set and manage their own business. According to Ross, "I created this system to address the frustrations I had, which are shared by the majority of internet