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The Impact of E-Commerce on Traditional Businesses in Saudi Arabia

DOI: 10.4236/jssm.2024.174018, PP. 354-366

Keywords: E-Commerce, Traditional Business, Blockchain Technology, Policy, ICT Challenges

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Abstract:

This research explores the influence of e-commerce on traditional enterprises. The study explores the effectiveness of e-commerce, potential hazards, and overall implications for business operations by utilizing secondary research methodologies and literature. The findings underscore the need for a solid IT infrastructure for e-commerce success. Positive results include revenue diversification and worldwide market expansion, while negative outcomes include fraud concerns and service disruptions. The report highlights the rapid expansion of e-commerce in Saudi Arabia and forecasts future trends such as artificial intelligence, mobile commerce dominance, blockchain technology, and cryptocurrency adoption. It also addresses policy concerns such as consumer protection, cross-border trade, and taxation. Finally, the study highlights the revolutionary impact of e-commerce, providing insights for scholars, entrepreneurs, and politicians navigating the dynamic junction of technology and business.

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