E-commerce (electronic commerce) or internet commerce is the buying and selling of various products on the internet. Companies can use their own websites or third-party platforms as a marketplace for selling the products.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
E-commerce market size
The global market size of e-commerce is estimated to reach about US$ 3.2 trillion, in 2019, and is projected to reach US$ 6.5 trillion in 2026.
Analysis of the e-commerce market
The first e-commerce website was introduced back in 1982, which was known as Boston Computer Exchange. The main purpose of the website was to provide a platform for people who are interested in selling their used computers. After that, a lot of e-commerce websites popped up all over the world.
Currently, there are millions of e-commerce stores on the internet, which are trading products all over the world. Various successful e-commerce websites also moved towards other advanced businesses, such as Amazon, to increase their market capital.
The main drivers behind the growth of the e-commerce market include:
There are also some restraints, such as costly maintenance of websites, huge risk of failure for newcomers, security issues as it has a lot of important personal data such as credit card numbers, and problems with shipping and delivery.
North America also has more e-commerce customers as compared to other regions, and the US ranked second in the race of having more e-commerce customers around the world, followed by China.
Leading e-commerce companies