E-Commerce or Electronic commerce is the trading of services and goods using the internet as the medium for communication. There are various advancements in technologies like mobiles, laptops etc which facilitate the working of this sector. Various technologies used are mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems and automated data collection systems. E-Commerce websites usually use the world wide web for advertisements, transactions and employ engineers, management, logistics, administrative jobs for smooth functioning. E-commerce users come from social media marketing and SEO.E-Commerce usually does either …show more content…
Transactions could be done anytime and from anywhere with the only requirement being the availability of Internet. Delivery at doorsteps, payment procedures using COD, Internet Banking, Cards etc. By using these ways, consumer effort has been reduced and cost is minimally affected which contributes to the increasing market of E-commerce. Growth of E-Commerce sector also improves the market possibilities and results in emergence of various other sectors as well. For example, Banking, Logistics etc. India is quite a big market for E-commerce sector which is growing at quite a fast pace. There are many start-ups in Ecommerce sector. Since India is a place with variety of cultures and practices, large amount of opportunities appear here for expansion of the market. The explosive increase in popularity and availability of mobile devices combined with internet access via affordable broadband solutions and mobile data is a key factor driving the tremendous growth in India’s e-commerce sector. The Digital India initiative, by the Government of India, boosts the market possibilities of E-Commerce in …show more content…
A significant and fast growing internet population of India (as observed in the IT Sector study), is an indicator of this sector’s huge growth potential in India. But still, approximately, the Internet penetration in India is 19% as of December 2014 (Internet Live Stats) which is low and more internet penetration will result in a better market for e-commerce in India. The analysis of the Demographic profile of Users in India also indicates that the Ecommerce sector in India will rise rapidly. About 75% of users fall in the category of 15-34 year olds. Peer pressure, rising aspirations with career growth, fashion and trends encourage this segment to shop more than any other category and India, therefore, clearly indicates the growth of Ecommerce. The new Government was introduced in 2014, significantly improving the business confidence. Investors have funded the Ecommerce sector in India due to strong growth prospects. It is estimated that the Ecommerce business will continue attracting the investors in future. Startups have also attracted investors. Many famous examples could be quoted such as, flipkart, snapdeal.com, housing.com, zomato
Electronic Commerce or e-commerce refers to a wide range of online business activities for products and services(Rosen, 2000). E-commerce (or electronic commerce) is defined as the buying and selling of goods and services conducted over electronic systems such as the Internet and other computer networks. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems and automated data collection systems. (Anon, n.d.). It also refers to any type of business transaction where the parties interact electronically rather than by physical exchanges or physical contact. (Anon, n.d.)
E-commerce “is the exchange of money for goods or services between companies and/or end consumers” (Hemond-Wilson). The most common image of e-commerce “is that of a web-based catalogue from which buyers can order products and the sellers can receive payment” (Hemond-Wilson). E-commerce has two main forms, which are business-to-business, and business to consumer. B2B e-commerce “is business which is conducted between businesses via some electronic means” and B2C e-commerce “is the exchange of money for goods or services between a company and end consumers using electronic technology” (Hemond-Wilson).
The e-commerce industry is one of most profitable segments in the US economy as well as global economy. E- Commerce Industry Report underlines that all companies which are included in the statement have remarkable revenue growth. While the global economy continues to improve, many consumers in North America and Europe continue to invest heavily in the market and in the IT technology. The data protection and security are significant factors for investors and consumers. Moreover, e- commerce is an example of an industry that grows by acquisitions which provide a greater opportunity to penetrate new geographic platforms.
However, in the long run it’ll be a different story as E commerce in India has just reached less than 1/10th of its potential. Out of 120 Crore Indian population not more than 1.5 crores use E Commerce frequently. Looking at burgeoning internet users the market should reach at least 15 ...
Over the past decade, e-commerce has grown significantly due to the rapid globalization. The increased globalization has resulted from tech...
As per a survey conducted recently, Indian e-Commerce is emerging as the biggest B2C marketplace of Asia and by 2020, it is likely to appear as
E-commerce has evolved in three different stages over the years to satisfy communications and business needs. E-commerce is an easy way to purchase and to sell products or services over the internet and other computer networks without any difficulties. The invention, the consolidation, and the reinvention with the social and mobile are the three periods of e-commerce. The study is a description of the three different steps of e-commerce.
...ndia’s GDP will bolster with the welcome of this initiative. Thus the Indian E-commerce industry is all set for flourishing in the future with foreign players entering into it.
E-commerce was not so much known about in the last few years. However, growth in technology has revolutionized it in modern times. The advent of World Wide Web (WWW) from the early 1990s has been one of the major forces behind the advancements in e-commerce. Governments and private sector are investing in e-commerce as one of the ways of surviving competition and increasing economic growth. E-commerce is currently facilitating transactions between businesses and consumers (B2C). On the other hand, it has also become vital in business to business trading (B2B).
Electronic commerce can be defined as the conduct of commerce in goods and services, with the assistance of telecommunications and telecommunications-based tools. Here, the term telecommunications can mean any existing telecommunication networks such as Public Switched Telephone Network, Integrated Services Digital Network, or even Wireless Networks. However the major and the most important telecommunication network of E-commerce is the Internet. The great possibility and potential of E-commerce has been realized with the development of the Internet. Therefore understanding how the Internet works is quite important to better understand E-commerce and to develop E-commerce applications.
We will begin by seeing the potential market of e commerce in India. Our main purpose is to evaluate that whether E commerce has as wide a range as physical market or an area wider or shorter than that.
Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.
This research is looking at the small businesses, and its importance in the market and economy, EC and its benefits and limitation, and what impact has electronic commerce had on the businesses.
E-commerce or electronic commerce is carrying out business communications and transactions through computers and over networks. It involves buying and selling of goods and services through digital communication. E-commerce also includes transactions on the World Wide Web and the Internet and means such as electronic funds transfer, smart cards and digital cash. E-commerce covers outward facing processes that interact with customers, suppliers and external partners such as sales, marketing, delivery, customer service, purchasing of raw materials and supplies for production.
E-commerce means that the company runs their business online, not like the traditional business way. We have to go the shopping mall or store to get goods that we need, E-Business is the enabling of electronic communication between any two or more participants in a business relationship. It helps companies capture abroad business field, cost saving, and market opportunity. E-commerce is an important factor that is making people’s lives more efficient.