Saudi Arabia E-Commerce Market & Forecast to 2026
                     
Saudi Arabia E-Commerce Market and Forecast
Saudi Arabia e-Commerce market is predicted to reach nearly US$ 24 Billion by 2026. The country has 
experienced a steady shift from offline shopping to online shopping in the recent past. Being the largest 
among the GCC countries, the Kingdom of Saudi Arabia has a population of over 34 Million. The 
population is highly urbanized as more than 84% of the country living in urbanized areas, with super-fast 
internet connections. With such an affluent population, Saudi Arabia is poised as an attractive market for 
e-Commerce offering huge potential for industry players. Moreover, Saudi Arabia has an overwhelmingly 
young and rich population as the country is ranked among the top 20 richest countries by spending 
power, the high-spending power of the country’s citizens is a driving factor in the growth of e-commerce.
Saudi Arabia - E-Commerce Market (Billion US$), 2015 - 2019
Note: Dummy Data, Actual figures given in the report
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Saudi Arabia E-Commerce Market and Forecast
Realizing the potential of the e-Commerce market in the country, the Saudi Government has taken 
a number of steps to boost the market. The Saudi Ministry of Commerce and Investment (“MOCI”) 
has introduced a new Electronic Commerce Law (the “E-Commerce Law”), effective as of 9th 
October 2019. E-commerce is recognized as one of the pillars of Saudi Arabia’s Vision 2030 under 
the National Transformation Program and the government aims to increase the contribution of 
modern trade and e-commerce to 80 percent in the retail sector by 2030. Also, the Saudi Arabian 
government is planning an investment of over US$ 100 billion in the development of logistics 
infrastructure to boost ecommerce growth in the region.
Saudi Arabia - Forecast for E-Commerce Market (Billion US$), 2020 - 2026
Note: Dummy Data, Actual figures given in the report
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By Segments - Saudi Arabia E-Commerce Market and Forecast
On the basis of segments, the Saudi Arabia e-Commerce market is dominated by the Fashion segment. 
Availability of international brands and presence of trending products on such online platforms with varied 
offers and discounts are the major factors which have driven sales of fashion products on e-commerce portals. 
The demand for Electronics & Media products in Saudi Arabia is increasing at a rapid pace. The ability to 
compare product features, search for low prices and read reviews makes the web a good fit for electronic 
products. The growing number of real estate development, and increasing demand for residential property 
along with the governmental initiatives to develop socio-economic infrastructure is driving the whole Furniture 
& Appliances industry in the Kingdom. Personal Care products are no more restricted to being used on special 
occasions, but are gaining prominence as part of women’s daily regimen. Moreover, backed by growing trend 
of workplace gender equality in the country, the women workforce is continuously expanding, which in turn, is 
aiding Saudi Arabia Personal Care products market.
By Segments - Saudi Arabia E-Commerce Market Share (Percent), 2019 By Segments - Forecast for Saudi Arabia E-Commerce Market  Share (Percent), 2026
Note: Dummy Data, Actual figures given in the report
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 By Payment Methods - Saudi Arabia E-Commerce Market and Forecast
Among the various methods of payment,  By Payment Methods - Saudi Arabia E-Commerce Market Share (Percent), 2019
Cash on Delivery is the most widely used 
method of payment by Saudi Arabian 
online shoppers. However, Cards and 
Wallets are expected to grow at the 
highest rate during the forecast period. 
During the past few years, several 
wallets that operate via smartphones 
were launched such as Apple Pay, Mada 
Pay, STC Pay, and BayanPay. While, Bank 
transfers as a means of payment are 
 By Payment Methods – Forecast for Saudi Arabia E-Commerce Market Share (Percent), 2026
widely used by buyers who may not have 
credit cards or simply prefer to transact 
through a bank.
Note: Dummy Data, Actual figures given in the report
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By Device Types - Saudi Arabia E-Commerce Market and Forecast
In terms of devices, Mobiles are By Device Types - Saudi Arabia E-Commerce Market Share (Percent), 2019
the most preferred devices for 
online shopping as it held 
maximum share of the Saudi Arabia 
e-Commerce market. With one of 
the highest smartphone 
penetrations in the world, Saudi 
consumers are looking more 
towards their phones for product 
information and purchases. As 
technological savviness is rapidly By Device Types – Forecast for Saudi Arabia E-Commerce Market Share (Percent), 2026
growing due to the high mobile and 
internet penetration rates, a 
gradual decline in shopping via 
desktop is being observed in Saudi 
Arabia e-Commerce market.
Note: Dummy Data, Actual figures given in the report
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Saudi Arabia E-Commerce Market - Company Analysis
• Amazon is opening up its exports     By Company - Saudi Arabia E-Commerce Market Share (Percent), 2019
business to enable Indian sellers 
on its platform to sell for the UAE 
and other Middle East markets.
• Souq has raised a total of US$ 
460 Million in funding over 5 
rounds.
• Namshi is set to expand to Egypt 
and establish a logistics base in 
Saudi Arabia.
• In June 2018, eBay Inc. joined 
    By Company - Forecast for Saudi Arabia E-Commerce Market Share (Percent), 2026
forces with Noon, an e-commerce 
venture to sell products online 
via noon.com.
Note: Dummy Data, Actual figures given in the report
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iGATE RESEARCH report titled “Saudi Arabia E-Commerce Market 
(by Segments, Payment Methods, Device Types, Average Revenue 
Per Users, Penetration), Users, Major Trends, Company Analysis, 
Recent Developments - Forecast to 2026” provides a comprehensive 
assessment of the Saudi Arabia E-commerce Market.
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  This 112 Page report with 44 Figures and 7 Tables has been analyzed from 9 View Points:
1) Saudi Arabia E-Commerce Market and Forecast (2015 - 2026)
2) Saudi Arabia E-Commerce - Consumers Analysis and Forecast (2015 - 2026)
3) Saudi Arabia E-Commerce Market Share and Forecast (2015 - 2026)
4) By Segments - Saudi Arabia E-Commerce Market and Forecast (2015 - 2026)
5) By Payment Methods - Saudi Arabia E-Commerce Market and Forecast (2015 - 2026)
6) By Device Types - Saudi Arabia E-Commerce Market and Forecast (2015 - 2026)
7) Saudi Arabia E-Commerce Market - Company Analysis, Recent Developments
8) Saudi Arabia - New E-Commerce Law
9) Saudi Arabia E-Commerce Market - Growth Drivers & Challenges
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By Segments - Saudi Arabia E-Commerce Market and Forecast
1. Fashion
2. Electronics & Media
3. Toys, Hobby & DIY
4. Furniture & Appliances
5. Food & Personal Care
By Payment Methods - Saudi Arabia E-Commerce Market and Forecast
• Bank Transfers
• Cards
• Cash on Delivery
• E-Wallet
By Device Types - Saudi Arabia E-Commerce Market and Forecast
1. Desktop
2. Mobiles
3. Tablets
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Saudi Arabia E-Commerce Market - Company Analysis
1. Amazon (Souq)
2. eBay, Inc
3. Namshi (Acquired by Emaar Malls)
4. Noon
5. Jarir Marketing (Bookstore) Company
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Report Title: 
“Saudi Arabia E-Commerce Market (by Segments, Payment Methods, Devi
ce Types, Average Revenue Per Users, Penetration), Users, Major Trends, 
Company Analysis, Recent Developments - Forecast to 2026”
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