Why eCommerce is not successful in Pakistan?

E-commerce, in Pakistan, is only limited to products which can be digitized over the internet. Thereby completely forgetting about the other services and facilities offered over the internet. This not only reduces the customer base but also reduces the no. of customers.

What is the future scope of e-commerce?

Online selling and purchasing offer innumerable benefits to both sellers and buyers, and these advantages are also the reasons for the rising scope of eCommerce. As of 2017, the total value of the e-commerce business in India was USD 38.5 billion, according to IBEF, and it is expected to hit USD 200 billion by 2026.

Is E-Commerce profitable in Pakistan?

The eCommerce market in Pakistan. Pakistan is the 46th largest market for eCommerce with a revenue of US$4 billion in 2020, placing it ahead of Peru and behind Greece. With an increase of 90\%, the Pakistani eCommerce market contributed to the worldwide growth rate of 29\% in 2020.

What do you think about the future of ecommerce that the future of e-commerce looks like?

New studies projected that the worldwide retail eCommerce sales will reach a new high by 2021. Ecommerce businesses should anticipate a 265\% growth rate, from $1.3 trillion in 2014 to $4.9 trillion in 2021. In fact, by 2021, it will account for 17.5\% of the total global retail sales.

Is there any potential of online retailing in Pakistan?

There have been several studies which confirm that 18 percent of all online retail sales in Pakistan took place in 2018. Forecasts show that by 2040 it is expected that 95 percent of all retail sales and purchases will be made and facilitated online. 8 billion which is a healthy year-on-year growth of 92 percent.

Do you think e-commerce is the future of business Why?

Ecommerce enables startups and large-scale businesses to enhance their revenue through an online customer base. Considering the situation of the Covid-19 pandemic, consumers will continue to prefer online purchasing due to avoid unnecessary hassles and social distancing.

Is there any scope of e-commerce or not?

The scope of ecommerce is expanding day by day due to the heavy number of internet users all over the world. People are spending more time in doing online shopping for various products available on the ecommerce platforms. The impact of e commerce is really good in all the developing countries.

Who are the leading e-commerce merchants in Pakistan?

daraz.pk ranked number 1 and is the most visited E-commerce And Shopping website in Pakistan in October 2021, followed by olx.com.pk as the runner up, and amazon.com ranking at 3rd place as the leaders of the E-commerce And Shopping websites in Pakistan.

Do you think e commerce is the future of commerce and why?

As the e-commerce industry sees increased traction, it is expected to increase to reach a market size of US$ 188 billion by 2025. The industry is quick to adapt to new technologies too. The future prospect of ecommerce moreover depends upon the fast uptake of latest technologies, their convenience in usage and cost.

What is the future of eCommerce in Pakistan?

With an increase of 90\%, the Pakistani eCommerce market contributed to the worldwide growth rate of 29\% in 2020. Revenues for eCommerce continue to increase. New markets are emerging, and existing markets also have the potential for further development.

Which is the largest segment in eCommerce in Pakistan?

Fashion is the largest segment in in Pakistan and accounts for 68\% of the eCommerce revenue in in Pakistan. This is followed by Electronics & Media with 13\%, Food & Personal Care with 10\%, Toys, Hobby & DIY with 5\% and Furniture & Appliances with the remaining 4\%.

Is Pakistan’s digital market flooded?

Market expansion in in Pakistan 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 20-24) for the next four years will be 18\%. Compared to the year-over-year growth of 90\%, this decrease suggests a moderately flooded market.

What are the fastest-growing online retail stores in Pakistan?

One of the fastest-growing stores in the Pakistani market is beoneshopone.com. The store achieved sales of about US$4.9 million in 2020. Its revenue growth amounted to 136\% in the previous year. The table shows the stores that generate the highest revenue in the Pakistani market.