The GCC and Egypt account for 80% of the e-commerce market, and they have been growing at a 30% annual rate, more than twice as fast as the rest of MENA (see Figure 1). Press Release Global Last Mile Delivery for E-commerce Market Size 2020 Company Overview, Growth and Forecast By 2026 Published: Aug. 6, 2020 at 7:39 a.m. The growth of digital technology has steered the adoption rate of e-commerce logistics in a number of applications. Data is displayed in billions of dollars, percent change and the percent of total retail sales. E-Commerce Automotive Aftermarket market is expected to increase in the coming years with multiple segments poised for positive growth. E-commerce in South Africa, in 2014, is still in its infancy. Rapid B2C E-Commerce sales growth in Africa … It is no secret that e-commerce is giving brick-and-mortar a run for its money, and every year the numbers keep increasing. This chart shows retail ecommerce sales in the Middle East and Africa for 2016-2021. Global Cross-border E-commerce Logistics Market Overview. Rapid B2C E-Commerce sales growth in Africa … The Global Cross-border E-commerce Logistics Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. GLOBAL ECOMMERCE MARKET RANKING 2019 - 4 SPOTLIGHT ON: USA The United States is the number one eCommerce market in the world for 2018. Last mile delivery is the major challenge for e-Commerce businesses. With an average annual growth rate of 25%, e-commerce in the region has been growing slightly ahead of the global average. ... internet on our business economy in Africa is remarkable. 2019 to 2026. DUBLIN, July 15, 2019 /PRNewswire/ -- The " Africa B2C E-Commerce Market 2019" report has been added to ResearchAndMarkets.com's offering.. Data includes products or services ordered using the internet via any device, regardless of the method of payment or fulfillment; excludes travel and event tickets. Nigeria is Africa’s largest business to consumer e-commerce market in terms of both number of shoppers and revenue. Global E-Commerce Market Outlook 2017-2030 with size, share, other stats and dynamics such as emerging trends, market opportunity, drivers & challenges to market growth have been included in the latest report published by Goldstein Market Intelligence. However, the market is still developing. As soon as 2018, it’s estimated that the value of the African e-commerce market will reach R673.54 billion. The United Arab Emirates (UAE) is the most advanced e-commerce market … Jumia became and unbecame the basis of definition for African tech startups, but its detour opened eyes as to which niche is genuinely profitable in the continent.. ET Although the formal retail penetration in Kenya is estimated at 30%, the fraction of Kenyans buying products online was only 0.5% (but that number is expected to grow). According to the latest research reprot by GfK (Growth from Knowledge), South Africa, E-commerce 360:Navigating the Technical Goods E-Commerce Market in South Africa, e-commerce … E-commerce accounted for only 1.6%, or $1.2 billion, of South African retail sales in 2019, according to London-based market research firm Euromonitor International. This is largely due to the ease of doing business in America – there is great logistics infrastructure and high demand for cross-border retailers with eCommerce market revenue E-Commerce Lockers Market: Introduction. E-Commerce Logistics Market Overview: E-Commerce Logistics Market is expected to reach $535,895 million by 2022, supported by a CAGR of 21.2%.. An estimated $51 billion of e-commerce sales were registered across the Middle East, North Africa and South Asia (MENASA) in 2017, according to new research launched by Dubai CommerCity. Ghana’s largest online retail company looks at some advantages of e-commerce to young start-ups. In April 2017, Takealot scored a significant investment of over US $69 million from Naspers, one of Africa’s biggest digital companies. “We estimate that the e-commerce market in MENA has the potential to grow 3.5 times by 2022, reaching a total market size of $28.5 billion and a penetration rate of 7% of total retail sales, similar to what is seen in continental Europe today,” says the report. Increasing penetration of internet is bolstering the smartphone using population across the world E-commerce market E-commerce in Kenya has grown significantly over the last few years, especially among small and medium businesses. South Africa is one of the largest B2C E-Commerce markets in Africa and also among the regional leaders in Internet and mobile phone penetration, this new report shows. Though Sub-Saharan Africa’s e-commerce industry is growing, online retail is still in its infancy in the area as e-commerce accounts for a small share of total retail sales on the continent. Online retail in South Africa will represent 1.4% of total retail sales in 2018, surpassing the R14-billion mark for the first time, according to new research.. E-commerce in South Africa is starting to go mainstream, according to the findings of World Wide Worx’s Online Retail in South Africa 2019 study, released on Wednesday. Overview B2C E-Commerce Market Overview, May 2019 3.2. e-Commerce Market Analysis The eCommerce market in South Africa South Africa is the 37th largest market for eCommerce with a revenue of US$3 billion in 2019, placing it ahead of Malaysia and behind Czech Republic. These jobs will be directly in online marketplaces, supporting services and spin-off economic activity. E-Commerce in South Africa $ 990 March 2020 Online Retail Top 5 Emerging Markets Industry Guide… $ 995 May 2020 Internet Retailing in South Africa $ 990 February 2019 The global e-commerce market size was valued at USD 9.09 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027. South Africa 3.1. This report reveals the top market … Inefficiencies due to waiting of the customer to pick the packages, delayed delivery times, and return of the parcels due to unavailability of the customer are the major problems hampering the growth of e-Commerce businesses worldwide. BMI forecasts e-commerce market in the Middle East to be worth $48.6 billion in 2022, up from an estimated $26.9 billion in 2018. In 2017, the MENA e-commerce market reached $8.3 billion. Part of what makes Takealot an e-commerce success story is that the online retailer strives to provide its customers with the very latest products in the market, coupled with up-to-date product specification. With Internet and online shopper penetration rates rising, B2C E-Commerce … As a result of the growth, African economies, keen on promoting the E-Commerce industry have struck deals to facilitate bilateral trade, importing and local manufacturing within the continent . Estimates suggest about 264 e-commerce start-ups are operational across the continent, active in at least 23 countries. Figure 1: Middle East and North Africa (MENA) e-commerce is worth $8.3 billion and has grown by 25% annually since 2014 In MENA, the e-commerce penetration of total retail sales averaged 1.9% in 2017, with the GCC at 3%. The promise of e-commerce in Africa is manifesting, but just not in the way we all expected. With just around 1% of retail sales online, B2C E-Commerce market in South Africa has a high growth potential. With an increase of 15%, the South African eCommerce market contributed to the worldwide growth rate of 16% in 2019. E-commerce in Africa is well under way. Such segments include market fragmented by application & geographical analysis [email protected] … There’s significant potential to create new jobs – as many as 3 million by 2025. DUBLIN, Dec. 31, 2019 /PRNewswire/ -- The " South Africa B2C E-Commerce Market 2019" report has been added to ResearchAndMarkets.com's offering.. B2C E-Commerce Market 2016 largest in Africa. Recently, the National Bureau of Statistics (NBS) predicted that the e-commerce sector is expected to contribute about 10 per cent, of a projected N10trillion, to the nation’s Gross Domestic Product (GDP) by 2018. 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