COVID-19 has been an eye opening reminder of how significantly we are all dependent on digital mediums. At a certain point in time, every business was finding an ‘online’ alternative for their services. With everyone preferring to stay indoors, online shopping – be it for grocery, home appliances, clothes or anything else – became very popular. Like any other state in the world, the UAE’s population was of the same opinion. In fact, it was observed that the market growth rate for online businesses was almost 18.9% in 2020 and onwards, and it is expected to grow at the same rate until 2025 which could result in $3.9 billion dollars of income.
Given these figures it can be understood that e-commerce retail has a promising future in the UAE. As one of the fastest growing e-commerce markets in the world, the United Arab Emirates is the ideal place for an e-commerce business to thrive. This growth has also led to other simultaneous digital growth, such as faster Wi-fi access for residents, which also makes online shopping significantly easier. UAE has been known for shopping and having a variety of products from all around the world, this is one force that drives the market for e-commerce shopping in the state. As mentioned earlier, times changing have also increased the use of smartphones and people have become more fond of things being done in a quicker and more efficient way, therefore, the public has shifted from mainstream shops to online shopping.
While it is true that products are returned back almost 30% more in online shopping than in in-person shopping, that does not hold back from the charm of e-commerce retail. The fact that businesses as well as consumers are provided with ease and cost effective alternatives due to the popularity of online shopping, is what keeps the trend continually alive.
As per numerous reports, the online business market in the UAE is developing at a quick rate. The current assessment of the internet business market in the UAE is assessed to be valued at $5.3 billion. The retail area is driving as far as deals followed by gadgets. The pattern of web based shopping has assumed control over the whole country. There has been a critical ascent in the quantity of web based business organizations offering a full scope of items at limited rates. This load of variables have prompted the notoriety of internet shopping among the residents of the UAE.
Internet shopping entryways like E-shoppy, and so on, are probably the most well established shopping platforms. These online stores gloat a colossal assortment of various kinds of items going from hardware to form things. In this computerized well disposed country, an immense piece of the populace favors shopping on the web as opposed to visiting the actual stores.
Neighborhood organizations and physical shops have additionally begun getting used to web based business. A ton of them have either connected with internet business monsters like Amazon or fostered their own online stores to contact a more extensive client base and increment their deals. At present, a ton of conspicuous web based business organizations from various pieces of the world have begun showing a distinct fascination for the UAE.