Saudi Arabia's eCommerce market size is estimated at USD 13.61 billion in 2024, and it is expected to reach USD 27.37 billion by 2029.
So, if you have not started an e-commerce site for your business, begin now!
The country has witnessed a significant rise in online shopping over the past decade and is expected to continue its growth in the future. The scope will increase daily, which will help every person in business achieve better revenue for his company.
In this document, we will discuss the potential and scope of eCommerce in Saudi Arabia and how it is shaping the future of online shopping in the country. And the bonus tip: You will know the best ecommerce app development agency in Saudi Arabia.
Growth of the eCommerce Market in Saudi Arabia
If you still don't understand the scope of eCommerce in Saudi Arabia, take a look at these stats.
Saudi Arabia is the 29th largest e-commerce Marketplace.
By 2024, the number of Saudi Arabia's internet users for e-commerce (selling and buying) is expected to reach 33.6 million, an increase from 2019.
Saudi Arabia is the largest and most dynamic economy in the Middle East, with a population of 36,947,025 people at mid-year.
Firstly, the country has a large population with a high disposable income, making it an attractive market for retailers.
An increase in internet and smartphone use means more people can access online shopping platforms.
Saudi Arabia is placed 10th in the world for having the fastest internet speed.
According to the statistics of Market Research, the e-commerce market size in 2027 will grow by 20.87%.
The ecommerce market size will increase to reach $30.2 billion by 2028
Initiatives such as the NTP and the Saudi Arabian Vision 2030 aim to enhance the country's digital infrastructure, further fueling the growth of e-commerce.
Look at the forecasting report of eCommerce market size in Saudi:
E-commerce In Saudi Arabia: What You Should Keep In Mind
After you realize the importance of eCommerce in Saudi Arabia, you will need a good e-commerce website for your business. There are so many options for you to get an app or website, but always try to get the best one because you don't need any backoff from the e-commerce race, right?
Before considering an e-commerce development agency in Saudi, you have to consider some points. The points are listed below for your understanding.
Quality of service
Look after the quality of the eCommerce market company. Ensure that the agency has an actual understanding of the Saudi market with the complete service of the e-commerce platforms. A clear understanding of the exact point needs in e-commerce platforms that resonate with the preferences and expectations of Saudi consumers.
Testimonials and review
The next thing you have to look at is the testimonials and reviews of the selected agency. You can search their GMB reviews to see if they have local listings. Otherwise, you can check their website testimonials and reviews. The actual customer will provide an exact review of their service with all the points. So, looking at the testimonials and reviews is another point in selecting an ecommerce development agency.
Experience
You have to look after e-commerce agencies in Saudi Arabia that have expert experience in this field. They have to know about the development of the right website with experience in the Saudi e-commerce market. You can evaluate their website and learn more about their experience. And consult them correctly about the projects that they have done in Saudi Arabia. Also, consider the expertise of their team members, including developers, designers, and marketing teams.
Integration Capabilities
Your business e-commerce platform should be customizable to meet your unique business requirements. We will discuss the capabilities options, like integration with the e-commerce agency. That has to include design, features, and functions tailored to your requirements. Look after the agency that can accommodate future growth in terms of traffic, products, and user base.
Customer Support
Check if the company is providing you with customer support after the launching of your ecommerce platform. That has to include ongoing support and maintenance of the product with technical issues, updates, optimizations, and all. Ensure that the agency offers reliable service with defined legal agreements and response times.
Top E-commerce Companies In Saudi Arabia
Amazon.sa is the Saudi Arabian version of the famous ecommerce platform Amazon.com. It provides the Saudi people with a localized shopping experience that includes Arabic language support, different payment options that relate to the local market, and fast and reliable delivery.
Jarir
It's a bookstore in Saudi Arabia that sells books, electronics, and stationery. The company expanded to over 100 stores across Saudi Arabia. It has a perfect online store that offers a wide range of products.
eBay
EBay is the best online marketplace for buying and selling different goods and services. This is the largest ecommerce platform in the world. It helps in facilitating transactions between people who want to buy or sell items using their personal computers. In this platform, you can use people to buy and sell items. Also, they are not available on the market, such as antiques, collectibles, and other items.
Noon
Noon is another successful ecommerce platform founded in 2017. It's a joint venture between the Public Investment Fund (PIF) of Saudi Arabia. The team offers many products, including electronics, fashion, home, garden, and more.
and more…
Best E-commerce Development Agency in Saudi Arabia
Collatree is one of the best ecommerce development companies in Saudi Arabia. We have the best development team to help you build the perfect website and application development. You can set up clear requirements that allow you to create fully customized ecommerce stores. The team promises to assist you with essential features and ensure maintenance and support.
Collatree eCommerce Web & App Development Services
Custom eCommerce App Development
B2B eCommerce Services
eCommerce Android App Development
eCommerce iOS App Development
Magento eCommerce App Development
eCommerce UI/UX Design
We use the most suitable and popular frameworks like:
Laravel
It is using the most popular open-source frameworks for website development. It's a powerful tool that helps with specific needs.
Node JS
Node JS is a popular language with numerous free tools and an active community. This helps handle the workload better and reduces the number of servers by ten times.
React Native
React native is building and gaining popularity; collatree allows you to develop and make it easier to write brilliant apps.
Magento
It's a powerful e-commerce platform built on open-source technology. It helps offer total control of the look, feel, and functionality of online stores. Magento is a feature-rich platform that allows building user-friendly, massive, and tamper-proof solutions.
Open Cart
The open cart offers easy store setup and installation with its high-performance and lightweight ecommerce solutions. It helps provide various features and multi-store functionality using a single database and admin panel.
WordPress
WordPress is an affordable platform that is purely built to be inherently secure. It offers high security within its core code and is a scalable, complete content management system (CMS).
Conclusion
In conclusion, Saudi Arabia's eCommerce market is growing and presents significant opportunities for businesses.
With its strategic location, strong infrastructure, low cost of doing business, and government support, it has become an attractive destination for companies looking to expand their online presence. By understanding consumer behaviors and implementing necessary measures, businesses can achieve better revenue in this market and the growth of the business.
Tip: Remember to hire the best eCommerce development agency to build the best e-commerce app or website for your business.