Online services industry poised for substantial growth in 2024
The Peninsula
Doha, Qatar: Qatar s e services market is projected for significant growth in 2024 and beyond, noting that the sector is expected to amount to $1.4m i...
Doha, Qatar: Qatar’s e-services market is projected for significant growth in 2024 and beyond, noting that the sector is expected to amount to $1.4m in 2024.
According to Statista, the e-services sector including the online food delivery market is anticipated to experience a steady growth yoy of 12.10 percent from this year until 2029. This ensures a projected market volume of $2.6m by the end of the period.
Reports have also indicated the growing interest of individuals in opting for online food delivery rather than in-house dining. It is projected to achieve a revenue growth of 10.2 percent in 2025.
Analysts state that the average revenue per user (ARPU) in the Online Food Delivery market, is forecast to reach $1m this year. Apart from that, the number of users in the online delivery sector is anticipated to reach a target of 1.8 million users by 2029.
The Peninsula spoke to a few expatriates to understand the importance and accessibility of e-buying groceries and food items.
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