If you’re considering the Saudi Arabian market for an online business, you’re probably on the right track
You’ll be surprised at the potential for e-commerce in Saudi Arabia but don’t just take our word for it. Our friends at Pixheart published the following infographic and we’re here to give you some of the highlights.
E-Commerce’s market share in KSA will hit USD 13.3 billion by 2015 and that number is corresponds to only 25% of total payment methods (with 75% still cash on delivery). If and when this e-commerce market share grows the sky will literally be the limit! Only a quarter of the population is already active in e-commerce… and this number will surely rise. Expected online retail as a percentage of total retail in 2015 is 8% (and that’s more than the USA, Japan and France).
Are you in the electronics industry? Electronics are the most popular purchase made online in the Kingdom and interestingly enough, regional e-stores are preferred to their foreign counterparts. Arab entrepreneurs rejoice! Moreover, the e-commerce market in the Kingdom is highly fragmented with top sellers holding only a minor market share. This essentially means tons of opportunity to grow in a market without a dominant presence! In a nutshell, as far as e-commerce in the Kingdom goes, the possibilities are endless!
Infographic about Saudi Arabia
