Electronic shopping was introduced back in 1979 when English inventor Michael Aldrich connected a modified TV to a transaction-processing computer via telephone line and opened the information systems for secure data transmission. This technology became the foundation on which the eCommerce as we know it was built.
Today, eCommerce is used on a daily basis and living without it seems just complicated and inconvenient. The new technologies and innovations are continuously changing and exponentially improving the user experience and safety which, on the other hand, results in staggering eCommerce growth.
eCommerce paves the way for the new methods of making money that weren’t available before. For instance, dropshipping – a mode of product fulfillment that was only available to big corporations, is now something that anyone can do from the comfort of their own home. The best dropshipping products are usually purchased from Chinese marketplaces, such as AliExpress and Alibaba and resold for a markup.
By the end of 2018, the global eCommerce sales will reach approximately $2.8 trillion and in 2021 they will hit $4.5 trillion. With eCommerce evolving at a rapid pace, it can be hard to keep up with the latest trends. We here at Subscriptionly, keep a close eye on all things related to online sales and thought we’d share some 60 odd e-commerce stats and trends to get you ready for 2018/19.
The Future of eCommerce
This infographic originally appeared here. Republished with permission.
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