Growth of e-commerce

Hello Friends,

Today I would like to share some statistics about the growth of e-commerce. E-commerce industry has been growing and expanding at an enormous rate. In 2013 business- to- consumer (B2C) e-commerce sales have increased by 18.3% from the previous year and hit $1.200 trillion mark (Emarketer, 2014). In 2016, it’s expected to reach at 1.92 trillion US dollars (Statista, 2015). Business- to- business (B2B) market is also going through tremendous change. B2B e-commerce is expected to hit $12 trillion in 2020, up from $5.5 trillion in 2012 (E-commerce B2B, 2015). One of the main reason for e-commerce growth is that now more people have access to internet in the world and the popularity of e-market places such as amazon.com, e-bay.com, Alibaba.com. This video perfectly explain the reasons for e-commerce growth .                                                    
 

                                                          (Volusion, 2013).

 

 

References

 

E-commerce B2B. (2015). Retrieved from E-commerceandB2B.com: http://ecommerceandb2b.com/b2b-e-commerce-trends-statistics/

Emarketer. (2014). Retrieved from Emarketer: http://www.emarketer.com/Article/Global-B2C-Ecommerce-Sales-Hit-15-Trillion-This-Year-Driven-by-Growth-Emerging-Markets/1010575

Statista. (2015). Retrieved from Statista: http://www.statista.com/statistics/261245/b2c-e-commerce-sales-worldwide/

Volusion (Director). (2013). 5 Reasons Why Ecommerce is Growing at a Breakneck Pace [Motion Picture]. Retrieved from https://www.youtube.com/watch?v=_pjlkDJ14s0