We are in the world where
technology has taken over the life of people. Not only it makes their
life convenient, but brought about immense revolutionary changes in
many fields of work and in the day to day life. The business field is
no exception to it as it has made merchants attain huge heights in
their business with the help of ecommerce software. Let's take a deep
look on the growth of ecommerce in the on-line world.
Ecommerce in
Past(1990-2000)
The
year 1991 marked a history in the on-line world where ecommerce and
ecommerce software became a hot choice after the Internet was
started to be used for commercial purpose. It was the time where
business information and transactions were being carried out on-line
by using technologies such as Electronic Data Interchange(EDI) and
Electronic Fund Transfer(EFT).
The
secured on-line transactions became possible by the year 1994 where
protocols were being developed for security. In 2000 most of the
western countries began to set up their business on-line and it gave
a new meaning to ecommerce.
Ecommerce in
present(2000-2013)
The
growing number of Internet users has led to the expansion of the
on-line ecommerce . From that time onwards, the ecommerce industry
attained a stable growth where ecommerce software were being used to
set-up the online stores. Amazon and Ebay are the perfect examples
that have succeeded in ecommerce world. The annual turnover of both
these firms are increasing year by year and now they are the gigantic
leaders in the ecommerce industry. Here are some of the interesting
facts about Amazon and Ebay.
EBAY
- Founded in 1995.
- Initially the annual revenue income of Ebay was $4.7 million but at present the annual turn is estimated to be over $14.7 billion.
- At that time of starting up, there were only 30 employees but now there are approximately 28,000 employees working in Ebay.
- The operations are being setup over 30 countries.
AMAZON
- Founded in 1994.
- Initially the revenue of amazon was $80,000 per month. At the end of 2012 the revenue increased to $61.09 billion.
- There were only a hundred employees in the past. Currently, there are approximately 80,000 employees in Amazon.
The
above details would give a clear cut idea regarding the growth of
these two firms in the Ecommerce world. No wonder most of the firms
began to use ecommerce software for creating instant on-line
websites.
Ecommerce in Future
We
all know that the ecommerce sales reached $1 trillion for the first
time in 2012. According to the market study, the sales would grow up
to 18.3% this year. It is estimated that the sales will reach to
$1.298 trillion by the end of the year.
The
major contributors to the growth of ecommerce are Asia, Europe,
America and Africa. North America alone contributes to nearly half of
the ecommerce's market share. Clearly the study indicates that the
ecommerce sales would definitely increase over the years and all this
is due to ecommerce software and technology.
