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

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. B2B is focussed on sales of products, services, or information to other businesses. Business-to-consumer refers to commerce between a business and an individual consumer. Customer to customer (C2C) facilitates an environment, usually online, where customers can trade with each other. An end user or consumer makes a product or service that an organization uses to complete a business process or gain competitive advantage in the Consumer-to-Business. The C2B approach evolved from the growth of popular consumer-generated media and content across different consumer segments, include websites, blogs, podcasts, videos and social networks. E Commerce software include l...
Post a Comment
Read more

E commerce and its security considerations

Security issues and threats in an e-commerce environment are varied and can be caused intentionally. Security issues and threats related to an e-commerce environment can be categorized as many  types  controllable, partially controllable, and uncontrollable. Security threats on the Internet include Spoofing, Unauthorized disclosure, Unauthorized action, Data alteration etc. Spoofing is the copying of legitimate webpages by those with criminal intentions to create seemingly legitimate websites for the sole purpose of gathering private information like credit card numbers, social security numbers and so on. In Unauthorized disclosure   When transactions are conducted over the Internet on unsecured sites, hackers can intercept transmissions and gain access to our customer’s sensitive data. Anyone with a grudge against us can alter your site to deny access to customers in Unauthorized action and the other one id the data alteration. Here. Hackers can alter transacti...
Post a Comment
Read more