UAE Ecommerce Market Revenue is Predicted to Grow by USD 6.0 Billion during 2022-2027

DUBAI AIRPORT FREE ZONE, UAE - Dec. 27, 2022 - PRLog -- In MENA region, UAE has the largest smartphone penetration rate that has encouraged the rise of mobile commerce (or m-commerce). M-proportion commerce's of the UAE's eCommerce sector has climbed from 29% in 2015 to 42% in 2020. In 2020, Food and beverages overtaken the apparel and footwear market which was a temporary shift.

The UAE eCommerce industry saw a surge in activity and investment during the Covid-19 pandemic, as consumer habits shifted towards digital purchasing and companies adopted omni-channel strategies to sustain or grow their businesses. The number of eCommerce licenses issued in May 2020 was the highest on record, at 196.

Steep Rise in E-commerce Licenses

UAE and particularly Dubai, remain eCommerce growth centres in the MENA area. According to the UAE National Economic Register, the UAE eCommerce industry issued the most licenses in May 2020, totalling 196.

Surging Demand for E-Grocery

The epidemic has boosted e-grocery significantly. It is still the UAE's fastest-growing eCommerce segment, rising times as efficient as the region's entire eCommerce market.

Increasing Government Initiatives: The UAE government has supported the growth of eCommerce in the country through initiatives such as Dubai CommerCity, a free trade zone established in 2017 to facilitate eCommerce and supported by an investment of nearly Dh 3.2 billion.

Surging Internet and Smartphone Penetration: Consumers in UAE are among the top users of the highest levels of the internet, smartphone, and social media penetrations globally. As per World Bank data, internet penetration in the UAE stood at 99.15% in 2019.

Makreo Research has published a research study on UAE E-commerce market titled, "UAE E-commerce Market Future Forecast to 2027" is a detailed study that helps to assess market performance basis the past and present trends, impact of external factors, initiatives taken by the government and the market players and also key challenges impacting the industry performance.

The report examines the UAE eCommerce market on various parameters. This section in particular discusses past, present and future market performance of the eCommerce industry in the region and specifically focuses on impact of covid-19 over the adoption rate.

To know more about Makreo Research or to enquire about the publication, please refer to the link
UAE E-Commerce Market Performance An Outlook to 2027 (https://www.makreo.com/report/uae-e-commerce-market-perfo...)

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