Tuesday, 26 November 2013

WHAT IS E-COMMERCE ????AND SCOPE OF E-COMMERCE.

Electronic commerce, commonly known as e-commerce or eCommerce, is a type of industry where the buying and selling of products or services is 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 collectionsystems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction's life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices, social media, and telephones as well.

Part of a series on
E-commerce
Online goods and services
·         Streaming media
·         Electronic books
·         Software
Retail services
·         Banking
·         Food ordering
·         Online flower delivery
·         Online pharmacy
·         DVD-by-mail
·         Travel
Marketplace services
·         Trading communities
·         Auctions
·         Online wallet
·         Advertising
·         Price comparison service
·         Social commerce
·         Payment
·         Ticketing
·         Call center
·         Help desk
·         Live support software



The ecommerce industry of India is one of the fastest growing segment in the Asia Pacific region. With a staggering CAGR of 34.58% from 2009 to 2012, the Industry has expanded from INR 19249 Crore (USD 3.49 bn) to INR 47,349 Crore (USD 8.60 bn) in a matter of 3 years. This expansion can be mainly attributed to the decrease in the price of personal computers, growth in the number of active internet users and the extremely competitive Internet Service Provider (ISP) market.


image:courtesy:arztsamui, freedigitalphotos.net


A look at the e-Commerce market



1 comment:

  1. A good and real time to invest in e-commerce business. Thankyou Mr. Manish Mittal for awaring us.

    ReplyDelete

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