The E-Commerce market in South Africa has high growth potential as it has just 1% of retail sales online. E-Commerce growth in South Africa is projected to reach new heights in the coming years with an increase in internet and online shopper penetration rates. According to Statista, revenue in the eCommerce market is projected to reach US$3,690m in 2020. It is expected to show an annual growth rate (CAGR 2020-2024) of 10.0%, resulting in a projected market volume of US$5,408m by 2024. User penetration will be 37.0% in 2020 and is expected to hit 50.8% by 2024.
Following an in-depth analysis of the South African ecommerce market and the promising opportunities it brings, we at Krish Technolabs took a robust step towards expanding our footprint in the AMEA region. The strategic alliance further fuels our accelerated growth plans globally. It will give us a competitive edge and a strong exposure across the AMEA ecommerce market. We at Krish Technolabs are committed to bringing strategy and art to ecommerce carts to deliver a complete and integrated digital commerce experience to our clients. And this announcement comes as our major step towards our unending pursuit in achieving digital commerce excellence.
Here is how this strategic partnership accelerates our mission to multiply ecommerce growth for e-store owners across AMEA region.
The strategic alliance targeted to small, medium, and enterprise-class in the B2B, and B2C business segments aim to deliver NEXT-GEN ecommerce services to South African e-store owners.
The i-61 group is an ecommerce consultancy agency providing end to end digital services in the GCC region in all aspects of omnichannel commerce, digital marketing, and ecommerce including optimization of online customer experience.
We are a leading digital commerce agency that excels in working with clients to create successful and profitable B2C and B2B based eCommerce Solutions. We are an elite squad of digital commerce that empowers brands to deliver engaging shopping experience and unparalleled digital experience to its customers. With over 15 years of experience and with a team of 200+ global technocrats who have successfully delivered 350+ ecommerce projects across the globe.
The convergence of our ecommerce experience with the industry and marketing skills of the i-61 group means that together we will be all geared up to deliver a compelling value proposition and extend the trading possibilities of our AMEA region customers who want to go online sooner than later.
Backed by our rich experience of ecommerce platforms, our extensive technical expertise, and agile service delivery approach, we will work together with i-61 Group to deliver high-end customer-centric digital commerce solutions and relevant marketing strategies that will help businesses drive a complete and integrated digital shopping experience for their clients, improve their operational efficiency and increase profitability.
This partnership puts together a broad technology integration expertise, product ideation, application creation, and more which will help us achieve positive transitions. With our technical skill sets and the consultation of the i-61 group, together we look forward to a great future.
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Shivi Rao is a content marketer with Krish. She has worked in various industries spanning technology, science, rural marketing, startups & unicorns, eCommerce business, and digital marketing, believing that content is the foundation to facilitate the visibility of any organization and ensuring her words do the same. In her free time, you can either find her lifting weights in the gym or feeding the strays.
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Connect and Meet Your Local Magento Expert Brandon at Meet Magento NYC
2 September, 2019 Scheduled for September 5-6, 2019, the much-awaited US’s largest Magento event is round the corner and has started gaining the attention of merchants and solution partners from across the globe. After attending and interacting with enthusiasts at the Meet Magento Singapore, like every year, Krish TechnoLabs is participating in the event as a sponsor at Meet Magento New York. What to expect from Meet Magento NYC? Being the only Meet Magento event in the US, the event is undoubtedly most looked after by merchants and experts from not just US but across the globe. While the 2018 event focused on reuniting business and technical tracks with amazing speakers taking the session. The event covered some crucial discussion like latest developments in Magento and digital commerce. This year, the event will cover vital changes that have been made in the recent past like Adobe’s acquisition of Magento, Magento 2.3+, advancement in technology stack, PWAs, etc. To cover the same, speakers from across the globe will be participating. You can explore the entire schedule anytime. Meet your local expert at Meet Magento NYC- Brandon Rimmey To help you seek answers to all your queries, Brandon Rimmey will be at the event venue, Edison Ballroom, 240 W 47th St, New York. It’ll be delighting for us to have you there and share a mug of beer while discussing the future of your commerce. Let’s take commerce globally!!
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