eServices - Guinea

Guinea

The eServices market in Guinea is expected to witness significant growth, with projected revenue reaching US$92.45m in 2024.
This growth is further expected to continue at an annual growth rate of 22.61% (CAGR 2024-2029), resulting in a projected market volume of US$256.20m by 2029.
Specifically, the Online Food Delivery market in Guinea is anticipated to experience a revenue growth of 38.3% in 2025.
This indicates the potential for increased demand and usage of dating services within the country.
In the Online Food Delivery market, in Guinea is projected to have a market volume of US$89.80m in 2024.
This signifies a considerable market size, indicating the popularity of events and the demand for event tickets among the population.
When compared globally, it is noteworthy that China is expected to generate the highest revenue in the Online Food Delivery market, with an estimated revenue of US$495.50bn in 2024.
This suggests the significant market potential and consumer spending China.
In terms of average revenue per user (ARPU) in the Online Food Delivery market in Guinea, it is projected to amount to US$111.70 in 2024.
This metric gives insights into the average spending of users on event tickets, reflecting the potential profitability of this market.
Furthermore, the number of users in the Online Food Delivery market in Guinea is expected to reach 1.4m users by 2029.
This growth in user base indicates the increasing popularity and adoption of event ticket purchases among the population.
Lastly, user penetration in the Online Food Delivery market in Guinea is estimated to be at 5.5% in 2024.
This metric represents the percentage of the population that actively engages in purchasing event tickets, highlighting the market's potential reach and adoption among consumers.
"Guinea's eServices market is witnessing a surge in demand for online payment platforms, driven by the growing adoption of digital transactions among its tech-savvy population."

Market

Region

Region comparison

Currency

Analyst Opinion

The eServices market in Guinea is experiencing significant growth and development, driven by various customer preferences and trends in the market. With the increasing availability of internet access and the growing adoption of smartphones, more and more people in Guinea are embracing eServices as a convenient and efficient way to access various services.

Customer preferences: Customers in Guinea are increasingly seeking convenience and efficiency in accessing services. The traditional methods of accessing services, such as visiting physical locations or making phone calls, can be time-consuming and inconvenient. As a result, customers are turning to eServices as a more convenient alternative. EServices allow customers to access a wide range of services, such as banking, shopping, transportation, and healthcare, from the comfort of their own homes or on the go.

Trends in the market: One of the key trends driving the growth of the eServices market in Guinea is the increasing availability of internet access. Internet penetration in the country has been steadily increasing, with more people gaining access to the internet through mobile devices. This has created a conducive environment for the adoption of eServices, as customers can easily access and use online platforms and applications. Another trend in the market is the growing adoption of smartphones. Smartphones have become more affordable and accessible in Guinea, leading to a significant increase in smartphone ownership. This has enabled more people to access eServices through mobile applications, further driving the growth of the market.

Local special circumstances: Guinea is a country with a significant rural population, and accessing services can be challenging for people living in remote areas. EServices provide a solution to this challenge by allowing people in rural areas to access services without the need to travel long distances. This has made eServices particularly popular among rural communities, contributing to the growth of the market.

Underlying macroeconomic factors: The eServices market in Guinea is also influenced by underlying macroeconomic factors. The country has been experiencing economic growth, which has led to an increase in disposable income and consumer spending. This has created a favorable environment for the adoption of eServices, as customers have more financial resources to spend on online services. In conclusion, the eServices market in Guinea is experiencing significant growth and development due to customer preferences for convenience and efficiency, as well as trends such as increasing internet access and smartphone adoption. The local special circumstance of a significant rural population also contributes to the popularity of eServices. Additionally, underlying macroeconomic factors, such as economic growth and increased consumer spending, support the growth of the market.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.