The biggest player in the Saudi, Saudi Arabian eCommerce Market is souq.com. The store had a revenue of US$123 million in 2019. It is followed by namshi.com with US$120 million revenue and jarir.com with US$81 million revenue.
Store rankings are based on every store that generates revenue in in Saudi Arabia. These stores can either have a national focus and only sell in their main country or operate on a global scale. For this evaluation, only revenue created in in Saudi Arabia was considered.
One of the fastest-growing stores in the Saudi, Saudi Arabian market is al-dawaa.com. The store achieved sales of about US$4.6 million in 2019. Its revenue growth amounted to 369% in the previous year.
Digital Market Outlook by Statista
The Digital Market Outlook presents up-to-date figures on markets of the digital economy. The comparable key figures are based on extensive analyses of relevant indicators from the areas of society, economy, and technology.
Market expansion in in Saudi Arabia is expected to continue over the next few years, as indicated by the Statista Digital Market Outlook. It has been predicted that the compound annual growth rate (CAGR 19-23) for the next four years will be 13%. Compared to the year-over-year growth of 18%, this decrease suggests a moderately flooded market. Another indicator of market saturation is the online penetration of 69% in in Saudi Arabia; in other words, 69% of the Saudi, Saudi Arabian population have bought at least one product online in 2019.
Five categories are considered by ecommerceDB. Fashion is the largest segment in in Saudi Arabia and accounts for 33% of the eCommerce revenue in in Saudi Arabia. This is followed by Electronics & Media with 32%, Food & Personal Care with 20%, Toys, Hobby & DIY with 10% and Furniture & Appliances with the remaining 5%.