Growth of E-Commerce Video Lecture | E-Commerce - B Com

the e-commerce sector has seen
unprecedented in last few years
affecting the lives of millions of
people in India which is still growing
the growth is driven by rapid technology
adoptions such as increasing use of
gadgets such as smartphones and tablets
and access to the Internet through
broadband 3G and now even 4G which lead
to an increasing online consumer base
rising income and greater variety of
goods and services that can be brought
over the Internet is making mine online
more attractive and convenient for
consumer all over the country the trend
of e-commerce was in India for 15 years
the appropriate ecosystem has now
started to fall in place the e-commerce
market in India has enjoyed phenomenal
growth of around 50 percent in last five
years since the e-commerce industry is
fast rising changes are seen over the
years the sector in India has grown by
34 percent since 2009 to touch 16 point
four billion in 2014 the sector is
expected to be in the range of 22
billion u.s. dollars in 2015
etravel has traditionally been the
largest e-commerce sub sector in India
of about 70 person detail has become the
fastest growing segment having grown at
compounded annual growth rate of 56
percent over 2009 2014 with its share of
around 10 percent in year 2009 to 28
percent in 2015 the size of etl market
is pegged at 6 billion US dollar in 2015
in a very fast moving lives of people
ecommerce have acted as a boon it
provides 24 into 7 support customer can
do transaction for the product or
inquiry about any products services
provided at anytime anywhere from any
location it also provides user more
option
to compare and select the cheaper and
better option and great discounts
no selection
so
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along with consumer ecommerce is also a
great boon for SMEs in India SMEs have
accounted for more than 17 person in GDP
of India for year 2014 they have been
the backbone of Indian economy and
amount of rupees 3000 SME can enter into
e-commerce space by adopting ecommerce
SME colleges significant increase in
revenues improve market research reduce
marketing costs and improve customer
experience ecommerce help in promoting
initiatives of Indian government such as
make in India digital India and scale
India which aim at improving route of
SMEs there are many stories of such SME
owner where he covers half as looted in
improving their business of many such
stories hair in the story of Rajiv
distributor where how their business
transformed under Amazon FBA program in
1992 with the Casio business when my son
returned from yes business I mean there
was a lot of talk going on about online
sales picking up and in the news and in
the ads and promotions there were
questions that how well the online
business will do what would be the
potential effect your dicta have with
that is a strategy everywhere in a plane
or a flight if you don't put more stuff
definitely engines missile will come
down the more you put glue more ties to
the consumer definitely said will be
more retail shops we are able to do
sales from 11 to 6 by whereas in Amazon
we are able to sell throughout 24/7
initially we started with
the market player their local executive
told us that better you to start with
the IBM so I think the customer has a
lot more confidence when his buying
thrown at me am more than a marketplace
he feels the service will be very
reliable and we have got this process
very streamlined so it benefits both the
seller and the customer when we move to
FB it was quite magical the way the
business took off and the very next
month we started doing in ten times the
number of orders when it was in market
place and we see that doubling almost
every month all type of reports are
coming in appear and this reports I can
really see what is the customer behavior
which days of the victor fellows are
going well which time is moving well
yeah I'm also planning my ecommerce can
be create paper for a small business to
increase their sales and widen their
reach it's also convenient for consumers
who can buy at their convenience without
having to leave their homes or spend the
day fighting queues at the shopping mall
to pick up the best deals however both
consumers and retailers have faced
problem while using e-commerce
so when I opened this box it was sealed
by a blister pack but when I opened the
actual phone case was was was open and
the seal was torn off and when I opened
the box there was only a warranty card
a user manual and no phone what Snapdeal
whoa beautiful here a customer orders
for a phone work ten thousand rupees and
he gets what and empty box the sector
have came a long way over last fifteen
years but still some problems are needed
to be solved like scales of delivery
percent incorrect delivery and above all
security concerned over online
transactions
that's why cash on delivery is most
preferred way of payment in India
now the companies and government are
working toward resolving these issues
like freely secure service for online
transaction but still it's a long way to
go ahead according to eMarketer this
year
India's retail sales are estimated to
grow 80 point three percent year over
year the largest increase worldwide in
spite of this huge growth ecommerce will
still only account for 1.3 percent of
total retail sales
India's ecommerce market is set to hit
76 billion by 2021 from 13 billion in
2014 however as business model changes
have become more frequent and delivery
more complex increasing innovation in
promotion pricing sale and even
distribution channel have been seen
going forward entrepreneur ecosystem is
involving with innovative startup
capturing the mass market of India and
taking opportunity in solving some of
the big challenges faced by country
you