Oman E-Commerce Market To Witness Astonishing Growth – 2026 | Key Players: Namshi, Amazon Inc. (Souq.com), LuLu Group International, Ubuy.com

The Oman E-Commerce Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Oman E-Commerce market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Oman E-Commerce market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Oman E-Commerce market.

The Oman E-Commerce Market was valued at USD 2.19 billion in 2020, and it is expected to reach USD 6.52 billion by 2026, registering a CAGR of 20.1% during the forecast period (2021-2026).

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Top Leading Companies of Oman E-Commerce Market are - Namshi, Amazon Inc. (Souq.com), LuLu Group International, Ubuy.com, ebay, Talabat, Mumzworld, Markeetex, VogaCloset, Salman Stores LLC, Danube Home, extra.com, Accelerated Trading and Technologies LLC (Akeed), Jazp and others.

Industry News and Updates:

January 2020 - Ooredoo launched a new set of standards for its pay plus mobile wallet, which helps the customers to enable a wide range of transactions via a single app on a mobile device, including payments, deposits, and transfers. The company is also able to start its services in 1500 locations across the country, such as Oman Oil petrol stations, McDonald's, Caribou cafe, Nesto, etc.

Key Market Trends:

Growing Internet Consumption will drive the Market

- The growing internet consumption rate is fueling the growth of this market. According to the National Centre for Statistics and Information (NCSI), Oman’s internet subscribers have surged to 473,487 subscribers in 2019, which is increased by 11.4% from its previous year 2018. Moreover, the number of active mobile broadband subscribers rose to 4.739 million subscribers compared to 4.113 million subscribers in 2018.
- Moreover, the growing adoption of 4G and 5G technology is also driving the growth of this market. For instance, the Oman Telecommunication company planned to set up 2226 5G sites by 2024, which will increase the internet consumption rate for this country. However, spending on telecoms services and devices is decreasing due to the large-scale job losses for the ongoing COVID 19 pandemic. This decreasing trend of consumer spending can create a considerable barrier for this market.

Increased Consumer Spending is expected to drive this Market

- The overall economic growth of this country is expected to drive the E-Commerce market. Rapid urbanization and industrialization are infusing, increasing the consumer spending power for this country. According to the World Bank data, the consumer spending for this country is increased by 0.02% from its previous year 2018.
- Moreover, different government initiatives and regulations are supporting the growth of this market. The Ministry of Commerce and Industry is continuously influencing people to adopt e-commerce for shopping, import, and other activities. For instance, MOCI recently launched 'Shop from Your Home' initiative to prevent the transmission of COVID 19 virus for this country. Moreover, the government is also encouraging home business owners and small and medium enterprises to promote their products and use modern methods and technologies to market different products internationally.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Oman E-Commerce Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Oman E-Commerce Market (%),2016 - 2026
- Oman E-Commerce Market Share, By Brand
- Oman E-Commerce Market Share, By Company
- Oman E-Commerce Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Oman E-Commerce Market Value Analysis & Forecast
- Promising Oman E-Commerce Development by Major Companies
- Detailed Oman E-Commerce Portfolio of the Major Companies
- Major Deals in the Oman E-Commerce Market
- Major Companies Analysis

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