Platform Delivery - Cameroon

Cameroon

Highlights

The Platform Delivery market in Cameroon is projected to reach a revenue of US$5.32m in 2024.
It is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 13.76%, resulting in a projected market volume of US$10.14m by 2029.
By 2029, the number of users in the Platform Delivery market is expected to amount to 775.9k users.
The user penetration in this market is predicted to be 1.4% in 2024 and is projected to increase to 2.3% by 2029.
The average revenue per user (ARPU) is estimated to be US$12.75.
In terms of global comparison, China is expected to generate the highest revenue in the Platform Delivery market, reaching US$166.80bn in 2024.
Additionally, China also boasts the highest user penetration rate in this market, projected to be 52.8%.
Cameroon's platform delivery market is experiencing a surge in demand, driven by the increasing popularity of e-commerce and the need for efficient logistics solutions.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Platform Delivery market in Cameroon has seen significant growth in recent years.

Customer preferences: Cameroonians have shown a strong preference for online shopping and delivery services, with an increasing number of consumers turning to e-commerce platforms for their shopping needs. This has led to a surge in demand for reliable and efficient platform delivery services.

Trends in the market: One of the key trends in the Platform Delivery market in Cameroon is the rise of local players. While international players have a presence in the market, local delivery companies have been able to gain a foothold by offering specialized services and catering to the unique needs of the local population. Another trend is the increasing use of mobile technology to facilitate deliveries, with many companies developing apps to make the ordering and delivery process more seamless.

Local special circumstances: Cameroon's geography and infrastructure present unique challenges for delivery companies. With many parts of the country lacking proper roads and transportation networks, companies have had to develop innovative solutions to ensure timely and efficient deliveries. Additionally, the country's diverse population and cultural landscape require a nuanced approach to marketing and service delivery.

Underlying macroeconomic factors: Cameroon's growing economy and increasing internet penetration rates have contributed to the growth of the Platform Delivery market. With more people gaining access to the internet and disposable income, there is a greater demand for e-commerce and delivery services. Additionally, the government's efforts to improve the country's business climate and attract foreign investment have created a favorable environment for companies looking to enter the market.

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. 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.