E-Commerce:
E-Commerce

E-Commerce:

E-Commerce (or electronic commerce) is the buying and selling of goods or services on the Internet. It encompasses a wide variety of data, systems and tools for online buyers and sellers, including mobile shopping and online payment encryption.

Types of E-Commerce:

  • B2C.
  • B2B.
  • C2C.
  • D2C.
  • C2B.
  • B2A.
  • C2A.

Examples of Ecommerce

  • Sell physical goods.?
  • Sell digital goods.?
  • Sell services.

Growth of Ecommerce

  • Ecommerce has come a long way since the CompuServe launch in 1969.?Driven by changes in technology and global circumstances, ecommerce is growing and shows no sign of stopping.

  • Sales in online stores are expected to reach 22% of global retail sales by 2023, compared to 14.1% in 2019.
  • It is estimated that by 2024, digital wallets will account for over half of total ecommerce payment volumes.

Amazon will account for 39.5% of all US retail ecommerce sales in 2022, or nearly $2 in $5 spent online.


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