Market Trends of Q-Commerce Industry In UAE
Busy Lifestyles Supporting the Industry
Q-commerce's main goal is to provide clients with goods and services more quickly than a traditional retail outlet. It is a platform that offers people in the UAE quick and easy processes. Customers have the option to deliver orders whenever it is convenient for them, thanks to the q-commerce business model. Customers are not restricted to the company's set business hours. For people in UAE, where they are more work-oriented, rapid commerce acts as a one-stop shop where they may get all of their requirements met at one location. Businesses that use the fast commerce model of operation create their own apps so that customers may order a variety of goods from a single source.
Increase in the Usage of Smartphones and Latest Technology is Driving the Market
The number of users of digital channels increases along with their number. A Standard Chartered survey found that nearly half of consumers in the region now favor making online purchases over those made in-person with cards or cash, marking a major shift from earlier transaction patterns. Financial inclusion is believed to improve with more ICT use, but e-commerce growth requires greater financial sector participation. According to a poll by logistics company UPS, 67% of the SMEs in the Middle East do not offer any online sales at all, despite the fact that two-thirds of customers in the region now anticipate access to digital services when buying or conducting business. Only 15% of companies in the area, according to Gartner, have an online presence.
