{"id":18454,"date":"2021-01-03T18:30:00","date_gmt":"2021-01-03T15:30:00","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=18454"},"modified":"2026-03-27T20:09:44","modified_gmt":"2026-03-27T17:09:44","slug":"the-reign-of-the-e-commerce-industry-although-2020-witnessed-the-closure-of-several-businesses-and-industries-the-e-commerce-industry-is-here-to-stay","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/the-reign-of-the-e-commerce-industry-although-2020-witnessed-the-closure-of-several-businesses-and-industries-the-e-commerce-industry-is-here-to-stay\/","title":{"rendered":"The reign of the E-commerce industry. Although 2020 witnessed the closure of several businesses and industries, the e-commerce industry is here to stay."},"content":{"rendered":"\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/saudishopper.com.sa\/ar\/?p=34865\" target=\"_blank\" rel=\"noreferrer noopener\">\u0639\u0631\u0628\u064a<\/a><\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Dubai, 3<sup>rd<\/sup>\u00a0January 2021: The E-commerce industry impacted individuals&#8217; shopping experience as the global pandemic forced the closure of retail stores worldwide, compelling consumers to shift their shopping preferences online. However, regions across the globe have responded differently to this change, thus showcasing contrasting eCommerce spending.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A report by Statista.com stated that in 2020 alone, retail e-commerce sales globally were expected to hit $3.9 trillion; the Asia Pacific expected to be making $2.45 trillion in online sales. North America was projected to be second in line, likely to generate online retail sales of $749 billion.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mauro Romano, CEO, and Co-Founder of ArabClicks, said, \u201cThe global pandemic probably worked in favor of online businesses. With several consumers not willing to compromise on their shopping preferences, this came across as an opportunity for businesses to upscale their ventures and revamped their products and services to match their consumers&#8217; needs closely. We are presently seeing so many businesses thriving online, and I believe this trend is here to stay.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a report highlighting leading e-commerce retailers during the year, Statista.com listed WooCommerce as the leading e-commerce platform accumulating market shares of 28.24 percent. This was followed by Squarespace online stores with shares of 17.69 percent and Shopify making shares worth10.98 percent.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These online businesses have a strategic way of carrying out their activities to conduct their business effectively and efficiently. These platforms use the \u2018E-commerce software\u2019 that helps manage online activities, including handling inventory, changing the visibility of products, calculating taxes, and complying with customers&#8217; various orders. In 2018 alone, this software application market encompassed a value of around $5.1 billion and is expected to reach approximately $6.3 billion by 2023. With e-commerce industries doing exceptionally well, e-commerce sales worldwide are expected to climb to a whopping $6.5 trillion by 2023.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Over time, it has been observed that consumers find it increasingly convenient to make their online purchases using their mobile phones, with approximately 64 percent of the traffic coming through these devices. South Korea and China have experienced the highest online penetration, with approximately 83 percent of shoppers making purchases online. Today, some of the leading e-commerce industries happen to be Chines companies such as Taobao.com, Tmall, and JD.com. American e-retailer giant Amazon has also attracted customers due to its diverse offerings.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The digital revolution leading all nations has had its impact on the e-commerce industry as well. With consumer behaviors rapidly changing, this platform can change to accommodate the consumers&#8217; needs, thus continuing to be the preferred mode of making purchases.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dubai, 3rd\u00a0January 2021: The E-commerce industry impacted individuals&#8217; shopping experience as the global pandemic forced the closure of retail stores worldwide, compelling consumers to shift their shopping preferences online. However, regions across the globe have responded differently to this change, thus showcasing contrasting eCommerce spending.\u00a0 A report by Statista.com stated that in 2020 alone, retail [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":18455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"0","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-18454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>e-commerce industry - Resilient in 2020 | Saudi Shopper<\/title>\n<meta name=\"description\" content=\"e-commerce industry growth continues as 2020 closures pushed shoppers online. 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