{"product_id":"middle-east-b2c-e-commerce-and-payment-market-2021-covid-19-s-impact","title":"Middle East B2C E-Commerce and Payment Market 2021 \u0026 COVID-19’s Impact","description":"\u003cp\u003eMiddle East B2C E-Commerce and Payment Market 2021 \u0026amp; COVID-19’s Impact\u003c\/p\u003e\n\n\n\n\u003cp\u003eMiddle East B2C E-Commerce market value projected to double between by 2025: new yStats.com report.\u003c\/p\u003e\n\n\n\n\u003cp\u003eThe latest publication from Germany-based online research firm yStats.com, “Middle East B2C E-Commerce and Payment Market 2021 \u0026amp; COVID-19’s Impact” provides insights into the current state and future trends of the B2C E-Commerce and payment market in the Middle East.  Among other finding, the publication reveals that “Electronics, appliances and media” product category was expected to dominate in the Middle East B2C E-Commerce market by 2025.\u003c\/p\u003e\n\n\n\n\u003cp\u003eDespite a steady B2C E-Commerce market size increase in the Middle East in 2020, the growth rate remained relatively low\u003c\/p\u003e\n\n\u003cp\u003eIn a pre-COVID-19 assessment, the value of the region's B2C E-Commerce industry was anticipated to rise by more than 20% year on year in 2020 from 2019. However, after the onset of COVID-19 sales volume surged even more and were estimated to almost double from 2020 to 2025. Just two countries in the region, UAE and Saudi Arabia controlled a sizable portion of the market, accounting for more than 70% of the total in 2020.\u003c\/p\u003e\n\n\n\n\u003cp\u003eConsumers’ preferences for digital payments in the Middle East surpassed cash on delivery in 2020\u003c\/p\u003e\n\n\u003cp\u003eConsumers opted for online purchases and contactless payments more during the outbreak in 2020, indicating widespread adoption of digital commerce in the region. Furthermore, in 2020, over 50% of consumers in the region will use digital payments while buying online, compared to only 36% who will use cash on delivery. Convenience, quickness, avoiding human touch, new ways to pay, and control, were cited as reasons for the change.\u003c\/p\u003e\n\n\n\n\u003cp\u003eBy 2025, the “Electronics, Appliances, and Media” product category was expected to lead the Middle East B2C E-Commerce industry\u003c\/p\u003e\n\n\u003cp\u003eConsumers developed preferences in product categories to be purchased online as online shopping usage grew. The most popular categories among shoppers in the Middle East were: \"\"electronics, appliances \u0026amp; media,\"\" \"\"fashion \u0026amp; beauty,\"\" \"\"toys, hobby \u0026amp; DIY,\"\" and \"\"digital services (food delivery, events, fitness \u0026amp; services).\"\" Aside from that, FMCG (fast moving consumer goods) E-Commerce grew steadily from 2015 to 2020, more than doubling from 2019 to 2020 as the pandemic movement restrictions forced consumers to shop online for daily necessities.\u003c\/p\u003e","brand":"Technology \u0026 Media","offers":[{"title":"July, 2021 \/ 100 Pages \/ MCW16284566","offer_id":47714782839090,"sku":null,"price":3456.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/middle-east-b2c-e-commerce-and-payment-market-2021-covid-19-s-impact","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}