Jul 26th, 2023
Dubai, United Arab Emirates
The UAE retail e-commerce market reached $3.9bn in 2020, a 53 percent year-on-year increase. Also, e-commerce accounted for an 8 percent share of the retail market during the same year, analysis from Dubai Chamber of Commerce and Industry has revealed. The study projected the value of the market to reach $8bn by 2025.
The study projected the value of the market to reach $8bn by 2025. The growth it said will be supported by several key factors including high-income potential, high Internet penetration rate (99 percent), developed transport logistics network, modern digital payment systems, growing tech-savvy youth population, and strong government support within the UAE. The UAE has the highest smartphone penetration rate in the MENA region, which has contributed to the growth of mobile-commerce (m-commerce) from 29 percent in 2015 to 42 percent in 2020.
Moreover, in 2020, UAE retail m-commerce market value reached $1.6bn, 56 percent higher than the previous year. The retail m-commerce market of the UAE is projected to reach $3.9bn by 2025, and grow with at a CAGR of 18.9 percent between 2020 and 2025. The Middle East Retail & E-commerce will gather 100 TOP Retail & E-commerce Leaders from across the UAE to Meet, Network and Exchange business thoughts and ideas to transform the Retail & E-commerce sector in the UAE.