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More than 150 experts will address the gathering of more than 500 delegates to discuss the incredible growth of the e-commerce industry, which is expected to generate US$11.78 billion in annual revenue in the UAE and US$32.85 billion in the GCC region.
Tech Transformation, Innovation and Disruption in Retail and E-Commerce and Future Opportunities Benefits for the Industry at the 1st Internet Commerce Summit (ICS) 2023 to be held at Conrad Dubai on 16-17 March 2023 Stakeholders would benefit from discussions.
According to a report by global market intelligence provider Statista.com, “E-commerce revenue is expected to grow at an annual growth rate of 8.57% from 2023 to 2027, and the market size in the UAE is expected to reach USD 16.37 billion by 2027” . “In the e-commerce market, the number of users in the UAE is expected to reach 7.32 million by 2027.”
growth forecast
According to a report by Statista.com, e-commerce revenue in the GCC is expected to grow at an annual rate of 10.95% between 2023 and 2027, reaching $49.78 billion per year by 2027, up from $32.85 billion in 2023 Dollar.
“In the GCC e-commerce market, the number of users is expected to reach 44.27 million by 2027, and the user penetration rate will increase from 67.1% in 2023 to 70.7% in 2027. The average revenue per user (ARPU) is expected to reach $819.90,” it says.
According to Technavio, the global e-commerce market size is expected to grow to $12.95 trillion by 2027. The market is expected to grow at a CAGR of 27.15% during the forecast period.
Bhavesh Pitroda, Director and Chief Executive Officer, IMAGES RetailME, said: “The e-commerce market in the Middle East and North Africa (Mena) is expected to witness significant growth in the coming years with a projected CAGR of 15% from 2023 to 2025.
The key factor
“This growth is driven by a number of key factors, including rising internet penetration and mobile phone penetration; increasing use of digital payment methods; and growing demand for online shopping. Consumers in the Middle East and North Africa are increasingly Many are turning to online shopping as a convenient and safe way to purchase goods and services.
“The vision of the ICS platform is to share exclusive knowledge, actionable strategies and ideas to help the adoption of digital commerce in the region grow faster.”
Organized by IMAGES RetailME, ICS 2023 is a powerful platform that has been conceptualized as a premium new technology forum showcasing cutting edge and relevant solutions across multiple industries.
ICS Dubai 2023 will focus on the four pillars of next-generation digital commerce: E-Commerce and D2C, Omni-Channel Retail, Martech, Fintech and Payment Technology.
ICS Dubai will reveal how e-commerce players are leveraging these multiple trends to build brand presence and drive sales.
While all governments in the region are taking serious steps to improve the digital commerce market and use the internet to boost the market, ICS 2023 will take this experiment a step further.
related solutions
ICS has been conceptualized as a premium new technology forum showcasing cutting edge and relevant solutions across multiple industries. ICS Dubai, which debuts in 2023, will focus on four pillars of next-generation digital commerce: e-commerce and D2C, omni-channel retail, martech, and fintech and payments. ICS Dubai will reveal how e-commerce players are leveraging these multiple trends to build brand presence and drive sales.
The ICS 2023 speaker list includes prominent business leaders and changemakers such as Digital Health CEO Brandor Rowberry, Aster DM Healthcare, elGrocer Founder and CEO Nader Amiri, Mumzworld Co-Founder and Chief Business Officer Leena Khalil, Education VP Director Glen Radojkovich, Director of IB and UK Schools, Taaleem, Neeraj Gupta, CEO of Policy Bazaar, V Nandakumar, Director of Marketing and Communications, Lulu Group International, Abhinav Gupta, CEO, CARS24 – Gulf, Kapil Verma, CPO of Namshi , Damien Corcoran, CEO, Grandiose Supermarket, Piyush Chowhan, CIO, Panda Retail Company – Savola Group, Anthony Nehaenko, Co-Founder & COO, YallaMarket, Peter Gesper, Senior Vice President, IT, Noon, Sayed Habib, Business Director of Development, Franchising and E-Commerce – commerce, Danube Home, Mouna Abbassy, ​​Founder & CEO, Izil Beauty, Jacques Wessel Rheeder, MD, THREADS (part of GEMS Education Group), Ashutosh Arun Chakradeo, Chief Retail Officer – GCC, Choithrams, Qasreya Al Awadhi, Founder & CEO B Umblebee, AKAAR Founder & CEO Mohammad Alabbar, Century Financial Marketing Director Sharad VK, Red Sea Markets Company Board Member & CEO Mohammad Alawi and many more. — trade arab news agency
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