Ecommerce has been around since 1994, when Phil Brandenberger purchased the first product online – ‘Ten Summoner’s Tales” by Sting. Fast forward to 2020 and over 15 percent of sales are expected to take place online. Over 25 percent of the world’s population is set to buy products online this year!
These percentages just show that in less than 20 years ecommence has grown to become a stable part of every day life for people across the world. In this article we will look deeper into what is ecommerce. We will run through the history of ecommerce, and some important statistics. Furthermore we will delve into ecommence development, platforms, and business models to truly show the impact that it has had on the world to date.
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What Is Ecommerce?
Ecommerce, also known as electronic commerce, is a business model which involves transactions taking place on the …