Key regions: China, Japan, Germany, United Kingdom, France
Jordan, a country located in the Middle East, has been experiencing a growth in its eCommerce Software market.
Customer preferences: The rise of eCommerce Software in Jordan can be attributed to the increasing number of internet users in the country. With more people gaining access to the internet, there has been a shift in customer preferences towards online shopping. Customers in Jordan are now more inclined to shop online due to the convenience and accessibility it offers. Additionally, the COVID-19 pandemic has accelerated this trend as more people are forced to stay at home and turn to online shopping for their needs.
Trends in the market: The eCommerce Software market in Jordan is expected to continue its growth trajectory in the coming years. The market is driven by the increasing number of small and medium-sized enterprises (SMEs) in the country, which are adopting eCommerce Software to expand their businesses. Moreover, the government of Jordan has been actively promoting the growth of the eCommerce sector by providing support to local businesses and entrepreneurs. This has led to an increase in the number of eCommerce platforms in the country.
Local special circumstances: One of the unique features of the eCommerce Software market in Jordan is the popularity of cash on delivery (COD) as a payment method. This is due to the low adoption rate of credit cards in the country. As a result, eCommerce platforms in Jordan have had to adapt to this trend by offering COD as a payment option. Additionally, the market is highly competitive with both local and international eCommerce platforms vying for market share.
Underlying macroeconomic factors: The growth of the eCommerce Software market in Jordan is also influenced by several macroeconomic factors. One of the key factors is the country's young and tech-savvy population. With a median age of 23 years, Jordan has a large population of young people who are comfortable with technology and online shopping. Additionally, the government's efforts to promote entrepreneurship and innovation have encouraged the growth of the eCommerce sector. The country's strategic location and its free trade agreements with several countries have also made it an attractive destination for eCommerce businesses.
Data coverage:
The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).Modeling approach / Market size:
The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.Forecasts:
We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
