Skip to main content

Quatar e commerce market


QATAR enjoys a favorable environment for e-commerce adoption.It includes population with high levels of disposable income; high Internet, mobile, and fixed connectivity; and increasing ICT maturity. However, several key inhibitors are stopping Qatar from realizing its full e-commerce potential E Commerce also Contributes to Achieving Qatar’s National Vision. Qatari economy is one of MENA’s fastest-growing economies and boasts the world’s highest gross domestic product (GDP). Certain factors have translated into the highest average annual e-commerce spend per user in the MENA region and an average value per online transaction higher than the Gulf Cooperation Council’s (GCC) average. The business-to-consumer market was USD 1.2 billion as extrapulated from the 2014 figure of USD 1.02 billion at %17 CAGR, making Qatar the 7th-largest B2Cmarket in the MENA region in the year of 2015. Currently, Qatar is the 7th largest B2C Market in MENA; with tremendous uplift potential. There the B2C market is the seventh-largest in MENA, with a current market size of nearly USD 1.2 billion and is expected to grow at a compound annual growth rate (CAGR) of 17 percent over the next four years, in line with the MENA average and B2C market segmentation is also in line with the overall MENA B2C market split.

According to the latest SME survey launched by MOTC in 2015, the adoption of B2B e-commerce is generally low with only 7 percent of small to medium-size enterprises (SMEs) placing online orders. Here most payments are made on a cash-on delivery basis, and there are limited e-payment . When considering the Eco system lack of tools and shared solutions to facilitate the e-commerce start-up process and the concerns about trust and security require certifications, trustmarks, and customer support.

A flexible framework was designed to ensure successful growth and adoption of e-commerce in Qatar, to overcome the identified obstacles and realize the substantial benefits of e-commerce. Qatar has the potential to double its forecasted e-commerce market size by 2020 through dedicated government interventions. For more
Labels:

Comments

Post a Comment

Popular posts from this blog

E commerce business in India

For the ecommerce sector, India is the fastest growing market .E-commerce refers to the buying and selling of goods and services and the transmitting of funds or data, over an electronic network, which include  business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. Business to business e-commerce is considered as vital to the global economy.                 Today, The Indian e-commerce industry has been on an upward growth trajectory and is expected to grow at a Compound Annual Growth Rate . According to a recent estimate, India’s e-commerce business is set to grow from US$30 billion in 2016 to US$100 billion in 2020. Online spending, inclusive of domestic and cross border shopping, is expected to increase by 31 per cent year-on-year to Rs 8.76 trillion (US$ 135.8 billion) by 2018. The Indian consumer internet market is expected to grow by 44 per cent year-on-year...
Post a Comment
Read more

Ecommerce

 E-commerce  business models can generally be categorized into the many categories such as Business - to - Business ( B2B ), Business - to - Consumer (B2C) , Consumer - to - Consumer (C2C), Consumer - to - Business (C2B), Business - to - Government (B2G), Government - to - Business (G2B), Government - to - Citizen (G2C) etc. Business - to – Business model sells its products to an intermediate buyer who then sells the product to the final customer. An example include a wholesaler places an order from a company's website and after receiving the consignment, sells the end product to the final customer who comes to buy the product at one of its retail outlets. Business - to – Consumer model sells its products directly to a customer.   Consumer - to – Consumer business model helps consumers to sell their assets like residential property, cars, motorcycles, etc., or rent a room by publishing their information on the website. In Consumer - to – Business a consumer approach...
1 comment
Read more