Why Ecommerce is the Future!

By diginfohub | E-Commerce

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Why Ecommerce is the Future:
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Ecommerce is Growing:

The first thing you need to recognise is that ecommerce is growing. In the early days, people were uncertain about spending money online and found that it was daunting handing over their card details and trusting in a supplier that they couldn’t meet face to face. But now look at companies like Amazon and eBay. These are household names around the world and everyone from the young and tech savvy to the elderly are now happy to shop with them. These companies have helped many people to put aside any concerns they might have had regarding ecommerce and to trust in buying online.

And ecommerce is growing as well doing massive business.

For proof, you need look no further than stats from ‘Cyber Monday’. Cyber Monday is a national holiday of sorts in the United States where online retailers are anticipated to lower their prices. It follows Black Friday but these days it tends to do nearly as much business – and it’s growing rapidly.

For example, in 2014 Cyber Monday created a total of $2.59 billion sales online. That’s no small number but in 2015 this was increased to $3.19 billion. That’s a huge increase. $2.28 billion of these were on desktop (versus $2.04 billion last year) while $838 million were through mobile devices (versus $548 million).

Across all devices, Cyber Monday increased by 21% from last year!

Seeing as Amazon is probably the best known online retailer, how is it’s growth going? Well, the company sold a total of $107.01 billion worth of products in 2015. The company employees 230,800 and there are 304 million active Amazon customer accounts. The brand is worth $47.73 billion and this is only expected to continue to grow as well.

The story is the same across the board. People are becoming more and more familiar with ecommerce and highstreet stores are struggling. Some well known retail stores in the UK are closing down and many are moving towards E-commerce business.

E-Commerce is undoubtedly the future of selling and it’s easy to see why.

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