E-Commerce - DZB Directory

E-Commerce Business Site

Ecommerce has come a long way since the 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 by 2023, compared to 14.1% in 2019.It is estimated that by 2024, digital wallets will account for of total ecommerce payment volumes. Amazon will account for f all US retail ecommerce sales in 2022, or nearly $2 in $5 spent online.

Growth of Ecommerce

Ecommerce has come a long way since the 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 by 2023, compared to 14.1% in 2019.It is estimated that by 2024, digital wallets will account for of total ecommerce payment volumes. Amazon will account for of all US retail ecommerce sales in 2022, or nearly $2 in $5 spent online.

B2C ecommerce encompasses transactions made between a business and a consumer. B2C is one of the most popular sales models in the ecommerce context. For example, when you buy shoes from an online retailer, it’s a business-to-consumer ecommerce transaction.

Unlike B2C, B2B ecommerce encompasses sales made between businesses, such as a manufacturer and a wholesaler or retailer. B2B is not consumer-facing and happens only between businesses.

One of the earliest forms of ecommerce, consumer-to-customer ecommerce relates to the sale of products or services between customers. This includes C2C selling relationships, such as those seen on eBay or Amazon.

History Of Ecommrce

According to ecommerce revenue is expected to show a yearly growth rate of 14.56%, resulting in a projected market volume of $1,365.00 billion by 2025 which goes to show that ecommerce is no passing trend Especially with the rise of shopping experiences, digital buyers should expect to be able to research, browse, shop and purchase seamlessly between different devices and on various commerce platforms.Other trends to watch for in the Overall, we have to remember that ecommerce is still fairly new in the big picture of retail. The future holds endless opportunity, but its success and continuation will depend largely on buyers’ preferences in the future.