The pandemic has turned the world upside down and created an opportunity that offers high rewards in the emerging UAE business landscape. The digital world is constantly booming and is becoming one of the finest and fastest growing sectors in the UAE that contributes highly to the economic growth of the UAE.
Social Distancing boosted the growth of e-commerce
When we were surrounded by campaigns to maintain distance and eliminate the spread of coronavirus. Consumers” choices have changed and they prefer buying online rather than visiting physical stores. E-commerce was one of the contributing factors that boosted the Dubai Economy and people like to order more rather than visit stores as deliveries are hassle-free.
Faith in Digital Transactions
The passing of cash to one another during the pandemic is not a preferable option which increased the use of digital transactions and people started shopping online to use different digital payments. People have gained the confidence to make transactions over the internet which initially they were skeptical about but now they do a myriad of transactions in seconds.
People nowadays use cards and digital wallets to pay for stuff rather than paying on COD. The UAE e-commerce industry has seen huge growth and the leading payment method was online and e-wallets in the UAE and Saudi Arabia.
E-commerce trends are continuously growing
The pandemic has changed the way we are living now. People are loving the revolution that digital has brought and there is no turning back. The consumers are majorly online shoppers who continue to purchase online after the pandemic too.
Leverage the new digital way of living
The digital revolution can be used to its advantage as the World Economic Forum estimates the UAE’s 2020 e-commerce market will hit USD 27.2 billion. E-commerce is one of the most lucrative and will continue to benefit businesses in the future. The digital revolution is easy because it allows you to trade anything online from products and services without investing huge money. It is easier to set up an eCommerce business in the UAE depending on the business requirements.
It is safe to start an e-commerce business as the growing demand for products online can be catered to from any part of the world. These businesses can be operated easily from any co-working space or warehouse to start. Later on, you can acquire the storage or fulfilment facility to sell your product as your business grows and space grows.
The e-commerce industry is best in every aspect and will continue to grow at a higher rate than before. The consumer’s approach to shopping is online as it comes with offers, discounts, and huge convenience.
FlyingColour Business Setup Services can help you in setting up an e-commerce business in the free zones with a series of benefits. We help you set up according to the trends that benefit the business in the long run in terms of growth, revenue, and more.