With much of ground work in place, the world is on the edge of becoming largest and fastest E-commerce playground, don’t you think? Conventional businesses that shake their inertia can capture substantial benefits.
Among emerging economies, world’s e-commerce presence continues to expand every year. With 668 million internet users, world’s online sales is reaching an upward trend. Recent research clearly indicates that electronic commerce, presently shapes the manner in which people look at businesses. E-commerce has become an unique tool for businesses worldwide.
Cumulative data anticipates a 276.9% in worldwide E-commerce sales over the most recently tracked period. E-commerce is not only to sell to customers, but also to engage them.
GCC is on the cusp of becoming the world’s fastest growing E-commerce market. As consumers become more tech-savvy and embrace e-commerce, they will have the first mover advantages. An omnichannel approach with a strong online presence, robust payment mechanisms and an efficient distribution and logistics will put businesses on course.
The growth and development of these aspects make the GCC countries to become larger players in the electronic commerce market with time progress.Research shows that e-commerce market is anticipated to grow to over $20 billion by the year 2020 among these GCC countries.
Time to take the plunge, isn’t it?
E-commerce moves beyond the western world to will help like-minded people network.