According to studies, the digital commerce industry in Qatar is expected to grow at an accelerating rate. By the end of the year, the digital commerce market's transaction value is projected to reach $7.29 billion (QR26.73 billion), according to a Statista analysis.
A compound annual growth rate (CAGR) of 21.70 percent is expected for the transaction value, which would translate into a predicted total of $19.46 billion between 2024 and 2029, according to the analysis.
According to the data, the industry's user base is anticipated to grow by more than 1.6 million over the course of the projection year.
Over the past ten years, the nation has developed into a thriving e-commerce business, according to market experts.
During this year's Web Summit Qatar and the Qatar Economic Forum, AI tech professionals and officials praised the nation's efforts, stating that local businesses might use AI to enhance customer satisfaction and boost income. According to the survey, China is predicted to generate the greatest transaction value by the end of December, with a staggering $3,245 billion. This is based on a global comparison.
