The Future of Ecommerce

The Future Of E-Commerce And The World Wide Web Today, we all know that the internet has become a lifeline for any business or brand which is trying to make a name for itself globally. The simplest definition of business is – any activity or transaction which involves the exchange of goods and services with an intent of making a profit or consumer satisfaction. If this very activity is executed over the internet, we would call it E-Commerce. All the current statistics point to the conclusion that the use of the internet, tablets and smart phones is growing exponentially. Therefore, we can only assume that ecommerce is here to stay for the foreseeable future. Taking into account the bright future that lies ahead for ecommerce, we must also fully understand the responsibilities that come along with the use of ecommerce. Consumer and business spending related to ecommerce will surely grow but the growth will vary from country to country, and region to region. One cannot expect the growth of ecommerce to be same in places like Africa and Asia. The availability of internet, literacy levels of the population, etc. also play a huge part in the sustainable development of ecommerce. Eventually, however, as the trend of globalization rises further, we can expect ecommerce to take the biggest share of world markets. The rise of ‘mcommerce’ is also being closely watched by the experts. By mcommerce, I mean online sales through smartphones. According to a blogpost on smartphones, sales between July and September of 2010 amounted to 4.7 million units, which is an increase of 270% when compared to the results between April and June 2010. Mobile commerce is still an emerging channel, however, with less than four