E-commerce set to capture bigger share of the retail pie

E-commerce set to capture bigger share of the retail pie


Shalin Shah

Shalin Shah

366 week ago — 4 min read

The global e-commerce industry is growing by an average of 23% year over year, but India is seeing a growth of 51% as per a study. India's e-commerce revenue is expected to grow substantially from $16 billion in 2016 to $103 billion in 2020. 

E-commerce is the process of acquiring or obtaining, transferring and trading of products and services electronically by businesses and consumers without the use of paper documents. E-commerce can be categorised as – business to business (B2B), business to consumer (B2C) and consumer to consumer (C2C). C2C is also termed as electronic commerce. Social media has become an important driver of e-commerce.

-commerce website development employs technology that is innovative and generates e-commerce solutions required for your business. Such software assists the progress of businesses from traditional business models to e-business models and facilitates the moving of traditional offline retail businesses to the online sphere.

A company requires a website to communicate with customers, promote products and securely handle business transactions as well as the ability to efficiently deliver maximum performance to end users. Developing an e-commerce website provides better connectivity for its potential customer as that website can be accessed from anywhere via the internet. Moreover, an
 e-commerce website requires minimal capital expenditure as compared to purchase of a business premises. The difficulty of high visibility and the location with physical business premises can be bypassed with an e-commerce website.

From the customer’s point of view, e-commerce is much more convenient as they can check the directories of catalogues without any difficulty, as well make price comparisons between products comfortably.

An e-commerce website has the potential of reaching more customers by way of having search engine visibility as well as social media integration. With an e-commerce website, products can be recorded and viewed as also the pages that are visited and the items bought by the customers as well.

website development has generated opportunities for various companies and investors. Due to the booming nature of e-commerce, more and more resources are being directed into electronic securities, internet facilities, business plans, as well as new technologies.

E-commerce is a growing industry which is on track to take a bigger share of the retail pie with every day that goes by. It allows goods to be purchased globally in a way which was much more difficult earlier. The logistics industry is finding itself being revolutionised by the advent of e-commerce. 

To explore business opportunities, link with me by clicking on the 'Invite' button on my eBiz Card. 


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