Growth of E-Commerce

• The growth of e-commerce  continues to accelerate on a worldwide basis as more consumers gain confidence to transact on the internet, traditional business shifts its service facility to e-commerce platforms and internet access levels in both developed and underdeveloped countries continues to increase.

• The man credited with beginning online shopping was Michael Aldrich in 1979.  

• Business models across the world also continue to change drastically with the advent of e-commerce and this change is not just restricted to USA. Other countries are also contributing to the growth of e-commerce.  The United Kingdom has the biggest e-commerce market in the world when measured by the amount spent per capital, even higher than the USA. 

• Not only UK or USA, but China’s e-commerce market also continues to expand. With 384 million internet users, China’s online shopping sales rose to $36.6 billion in 2009 and one of the reasons behind the huge growth has been the improved trust level for shoppers.

Growth of E-commerce in India:

   

The low cost of the PC and the growing use of the Internet has shown the tremendous    growth of E-commerce in India, in the recent years.                       

 According to a McKinsey-Nasscom report the e-commerce transactions in India were       expected to reach $100 billion by 2008. Although, as compared to the western countries, India is still in the stage of development.

Global E-Commerce Sales