With the penetration of internet and lack of time we have, some genius individuals in the late 90’s thought to convert the entire sales cycle into online shopping i.e. on the internet. This eliminates the whole cycle of you dressing up, taking your favourite mode of transport and going to your favourite retail store and buying an item. This is enabled what is called E-commerce as popularly known.
With internet at your disposal, you are able to purchase most of the goods and services that you require right at the comfort of your home or office and nowadays from your phone. E-commerce has enabled us to have a lot of free time on our hand which we could spend with our friends and families.
Although selling online in the UAE has the lowest percentage of online purchase worldwide, E-commerce will be growing as a main megatrend for businesses across the UAE.
This transformation will affect the market by creating new business models like break and click, click and collect, click and deliver, click and fit.
The reasons for the immaturity of e-Commerce business in the UAE are the very big shopping malls as well as connectivity just starting to happen. These two factors have slowed down the performance of this business.
According to 2014 statistics the total value of E-commerce in the UAE was valued at $2.5 billion (Dh9.2 billion).
E-commerce industry is expected to be a megatrend for businesses in the UAE worth approximately $10 billion (Dh36.7 billion) by 2018.
E-commerce is the fastest growing business in the UAE, that will create new job opportunities.
A megatrend as a trend which is global and has transformative change not just to business but to culture and society as well.
The region is poised for social change, which combined with a need to grow globally, is increasing pressures on companies based in the Middle East to innovate in new exciting ways. Innovation is a critical to maintain the current success across the emirates and companies are at the precipice of change.
A new trend of innovation will create widespread disruption, collapsing industries and transforming space to give context to the opportunities ahead for growth.
If you like to start E-commerce store in UAE, you need to choose a good E-commerce platform. It should be a “complete” E-commerce store builder that not only enables you to set a sound online store with great shopping carts, but also to enjoy powerful & safe hosting services. Moreover, the portal chosen should provide various professional range of E-commerce services.
These include great in-house design templates, customized design packages & design add-ons. Then, you will be able to take advantage of all the important marketing services here like PPC, SEO, SMM, shopping feeds, conversion optimization & commerce analytics.
The webnexs users will also get the major business tools such as SSL certifications, payment processing, domain names, integrated live chatting facility solutions.
At the moment there are 50 top E-commerce companies in UAE which offer different items and services at lower prices.