E commerce Facts: Current Trends & Future Prospects

E commerce E-commerce is the fastest growing trend in the world today. By spending several billion dollars every year, e-commerce has continued its double digit growth. The current trends of ecommerce will determine its expansions in the future. Here are some interesting facts about the growth and latest trends of e-commerce:

Invention of Online Shopping:

Michael Aldrich invented online shopping in 1979. In 1990, Tim Berners-Lee created World Wide Web and the first browser. Later tmore online developments started to take place when in 1994, Netscape launched its first commercial browser by the name “Navigator”. Similarly Pizza hut also expanded its ordering system online. In 1995, Amazon and eBay launched their online portals – a step forward in e-commerce.

e-commerce history

E-Commerce Facts:

In the present world, it has been estimated that more than 80% of the internet users has used online portals to purchase something. Also online shopping has been carried out more than once by about 50% of the online shoppers.

e-commerce facts

 

Shoppers by Age Group:

The most shopping is done by those people who are between ages 30 to 45 and 55 to 65, as about 68% of those people tend to shop more online than other age groups.

shoppers by age

 

E-commerce in America:

It has been reported that there has been a 10% growth in e-commerce sales in USA. With the current stats it is expected that e-commerce in America will go up at $ 279 billion by 2015.

ecomm in USA

 

Top Ecommerce Stores in USA:

The top stores at which users are making their online purchases include Amazon, Staples, Apple, Dell and others, in the USA. See the top 15 e-commerce stores in the image below:

top e-stores

Consumer Online Shopping Behaviors:

It has always been wondered that why do people tend to shop online. After a survey it was seen that people shop online more because of more variety according to 67% of the population. 73% said that it is time saving, 59% indicated that due to the easy of price comparisons and 58% prefer this mode as it is free of crowd. Other reasons include: less taxes, less prices and no traveling etc.

consumer shopping onine

 

Payment Modes used in E-commerce:

Most common payment modes used by online shoppers for making purchases include credit card payments and bank transfers.

payment modes

Global Ecommerce sales:

European Union is the biggest region in terms of e-commerce sales with 34% of online purchasing activities in this area. USA with 29% and Asia with 27% follows.

e-com by region

E-commerce sales by 2015:

E-Commerce industry is expected to have a value of over $1500 Billion by 2015.The current e-commerce sales has been growing with a 19% increase per year and with this stats it is indicated that by 2015 it double than what is now.

e-comm by 2015

 

E-commerce to M-commerce:

The trends are changing and the online shopping methods are becoming more and more adabtable to the ease of the mankind. Presently the mobile e-commerce is about 4.4 billion and it is indicated that by 2015 the mobile ecommerce will grow to 23.8 billion.

mobile e-comm

 

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