Middle East And Africa B2b Ecommerce Market 2022-2028

Middle East And Africa B2b Ecommerce Market 2022-2028

MARKET OUTLOOK

Triton’s research report insinuates that the Middle East and Africa B2B eCommerce market is anticipated to advance at a compound annual growth rate of 19.74% during the forecast years 2022-2028. South Africa, the United Arab Emirates, Saudi Arabia, Turkey, and Rest of Middle East & Africa are researched in this region.

The expansion of B2B websites and internet penetration has fueled the studied market’s growth in Turkey. Estimates suggest that the number of active internet users is likely to reach around 75.42 million by 2026. This is further expected to increase online sales, leading to high demand for efficient payment methods. Such developments are also estimated to influence business-to-business online trade, encouraging players to shift from traditional to digital platforms. Thus, these factors are contributing to the business-to-business eCommerce market’s growth.

Further, the rise in the population opting for online shopping and initiatives undertaken by market players are major factors driving the market. The number of digital buyers is likely to surge roughly to 520 million by 2025, double from the number in 2019. Such developments in terms of shopping demands and customer behavior patterns widen the scope and growth of the B2B eCommerce market across South Africa.

COMPETITIVE OUTLOOK

The major companies in the B2B eCommerce market consist of Alibaba Group Holding Ltd, Amazon Inc, DIY Trade, eBay Inc, Chinaadeantrade.com, and Quill Corporation.