Know About Ecommerce and Its Scope Globally
Jan 4, 2017 Manish Bharadwaj
Today, eCommerce, also called as “Electronic Commerce” is the cutting edge of business, and most of the people say that eCommerce mean online shopping, when we ask them what eCommerce is? We want to tell them that online shopping is just a part of Electronic Commerce. The term described selling, buying, exchanging of products & services and information online. It has made buying of products and services or any other goods very easier for the large corporations, as well as increasing the speed of their service delivery. There are several types of eCommerce today, but business-to-business (B to B), business to customers (B to C) and customer to customer (C to C) are the most popular worldwide. Every Website Development Company in India is offering affordable Ecommerce Web Development Services for clients across the globe
E-Commerce can provide both short and long-term benefits to businesses as it is not only open new markets and enabling to every single business to reach new customers or clients, but also make it simpler and quicker for companies to try to business along with their existing customers or client’s base. It helps businesses in reducing transportation cost and increases their productivity as well as improved customer services. However, it is more beneficial for consumers or customers in several ways including transactions can be done within 24 hours, consumers have more options or choices, shape shopping time and money and fast services with instant delivery.
The scope of Ecommerce Globally: We have understood that ecommerce is all about online buying and selling products, goods and services online. Today, customers prefer to purchase goods from any online shopping website, and with the increasing popularity online shopping, businesses or companies keep introducing new products and services through their business web portals throughout the year. According to a report, “E-commerce market is expected to achieve more than 50% growth rate in the upcoming 5 or 6 years”. However, online travel business and online shopping business will be the two main reasons behind this growth.
The major advantage of it is that commerce empowers the business to succeed in the world of the Internet or online market. It caters to the demands of both international and national businesses at the same time and brings their business activities out of geographical limitations. It has made shopping very easier on World Wide Web (WWW) as well as people can easily fund transfer through electronic banking. With the help of a reliable Ecommerce Web Development Company Delhi, every business or company can get the access to the world of the online market.
It has also facilitated consumers to order product or services in sitting any part of the world from another corner of the globe. This has not only enchanted customers or clients but also the business owners or men, who can now make their goods and services available to their customers, who could be on any a part of the planet.
There are certain limitations of ecommerce, both technical and non technical. Technical limitations include a fast change in software development tool, lack of security and reliability, insufficient bandwidth and vendors need special web servers. While nontechnical limitations are security, privacy, cost and many other factors?
Sales from smartphones, tablets, etc, will account for more than 45% of total e-commerce by 2020. Thus, a mobile-first strategy is extremely vital if you want to remain competitive. Apart from this, your business site must be easy to read, understand and navigate, so you should invest in a high-quality, responsive web design that is geared towards success in the online space of not just 2017, but many more years to come as well.