Platform Delivery - Seychelles

Seychelles

Highlights

The Platform Delivery market in Seychelles is anticipated to witness a significant growth in revenue, reaching US$28.53k by 2024.
This projection is expected to continue with a Compound Annual Growth Rate (CAGR 2024-2029) of 13.79%, resulting in a projected market volume of US$54.42k by 2029.
Moreover, the number of users in the Platform Delivery market is estimated to reach 2.3k users by 2029.
The user penetration is projected to be 1.3% in 2024 and is anticipated to increase to 2.1% by 2029.
Furthermore, the average revenue per user (ARPU) is expected to be US$20.98.
In terms of global comparison, China is expected to generate the highest revenue in the Platform Delivery market, amounting to US$166.80bn in 2024.
Additionally, China is projected to have the highest user penetration rate with a rate of 52.8%.
Seychelles has witnessed a surge in demand for platform delivery services, driven by the growing popularity of online shopping and the need for convenient and efficient delivery options.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Platform Delivery market in Seychelles is experiencing growth in recent years due to several factors.

Customer preferences: As in many other countries, the Platform Delivery market in Seychelles is driven by the convenience of online shopping and the increasing popularity of e-commerce. Customers in Seychelles are becoming more comfortable with online transactions, leading to a rise in demand for online platforms that offer delivery services. Additionally, the COVID-19 pandemic has accelerated the trend towards online shopping and contactless delivery, further boosting the demand for platform delivery services.

Trends in the market: One trend in the Platform Delivery market in Seychelles is the emergence of local players. While international companies like Amazon and Alibaba dominate the global market, local companies in Seychelles are gaining traction by offering more personalized services and catering to the specific needs of the Seychellois market. Another trend is the increasing use of technology to improve delivery services, such as the use of drones and other autonomous vehicles to make deliveries more efficient.

Local special circumstances: Seychelles is an archipelago located in the Indian Ocean, and the geography of the country presents unique challenges for delivery services. The scattered nature of the islands makes traditional delivery methods difficult, and many areas are only accessible by sea or air. This has led to the development of specialized delivery services that cater to the needs of specific islands and regions.

Underlying macroeconomic factors: Seychelles has a relatively small population, and the economy is heavily dependent on tourism. The COVID-19 pandemic has had a significant impact on the tourism industry, leading to a decline in economic activity. However, the rise of e-commerce and platform delivery services has provided a new avenue for economic growth, and many businesses are pivoting towards online sales and delivery to stay afloat. Additionally, the government of Seychelles has recognized the potential of the e-commerce industry and is taking steps to support its development, such as investing in infrastructure and improving digital connectivity.

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.