Future scope of e-commerce business in India

We all know that the Internet has become the lifesaver of any business. The simplest definition of enterprise is – Any transaction or activity that involves the exchange of goods and services with the aim of earning an income by making a profit. Well, we all have a question that what would be the future of  ecommerce business? Here, we’ve discussed in detail about the future of e-commerce business.

What is an eCommerce?

eCommerce stands for Electronic Commerce, is the buying and selling of goods and services, or the relaying of funds or entropy, over an electronic network, mainly the internet. These enterprise transactions occur either business-to-consumer, business-to-business, consumer-to-consumer or consumer-to-business.

Reasons why e-Commerce grows day by day

Here, we’ve provided some of the reasons why e-Commerce is growing day by day globally. Let’s view on them.

1. Crucial mass of Internet users

With more than 100 million internet users, India is beginning to achieve a crucial mass of users who are familiar with web services. In addition, over the past few decades, relatively refined online travel agents like MakeMyTrip – started turning these preliminary web users into web-consumers – have monopolized Indian e-Commerce.

2. The rising middle class with expendable income

Throughout India’s short history, the country has been a land of have-nots and haves. However, with the rise of small and medium businesses, foreign direct investment and country’s own potent multinational corporations developing millions of new jobs, a new generation of widely-minded consumers has been developed.

3. Payment gateways and logistics

One of the greatest challenges to e-Commerce is the lack of infrastructure to support new enterprises. Logistics companies have been extremely undependable, and complex freeway regulations mean that parkway logistics and paperwork is more like international consumers. In addition, Indians have a distastes to credit cards – only an estimated percent of the nation has a credit card.

4. User Experience

The number of e-Commerce companies has grown, brands have begun to place more accentuation on investing in the user experience. Best practices which have driven e-Commerce widely are now the main concentration of successful internet brands which includes merchandising, consumer service, user interface design, and assured delivery and return policy. In this rival drive to differentiate through user experience, the ultimate winner is the Indian online customer.

5. Simple to get up and running

The most challenging facet of getting set up is the product, but if you are passionate about a specific product – specifically if they have aided you personally – it makes it much simpler to walk via the process of creating relationships with distributors or product sourcing. In addition, it is that passion which is going to drive you to do the work you require to construct a successful enterprise.

Future of e-Commerce

In spite of a few challenges, still, e-Commerce is booming day by day and rather will become the dramatic demand of the users. As well, the e-commerce app development cost is quite expensive but, it affords a good profit in back. Here, we have discussed the scope, existence, and future of e-Commerce enterprise.

Social Media

Majority of online purchasing decisions are made on Social Media. Social Media networks like Facebook, Twitter, LinkedIn, Google+, Pinterest, etc have become a medium for easy log-in and purchase. Furthermore, the clients can stay upgraded via the posts published on the media. Further, the promotions and advertising on these social sites have increased the chances of success of engendering transactions to many folds.

App only approach

Statistics suggest the future of the internet lies in the smartphone. Experts say more than 580 million people in India will utilize the internet by 2019 and 70 to 80 percent of them will access the web on mobile phones. This will cause all major players to switch to the application only model. Further, about one-third of the online traffic of Flipkart comes from users in towns and small cities. FlipKart’s app only approach accepts massive significance in these places where most people don’t own desktop computers and have limited access to wideband.

Google’s Buy now button

Google is reportedly working on its Buy Now button which would allow e-shoppers search for products on Google and purchase them with a single click, right via Google’s own search results page. The button will be displayed near organized search results beneath a Shop on Google which is heading at the top of the page. When users click on the Google’s buy now button, they will be redirected to another Google page which will permit them to opt specific item details like color, size and then choose a shipping route. Google would then pass on order data including the consumer’s name, shipping address to the retailer.

Artificial Intelligence

As the e-Commerce space gets saturated, investors looking for creative use of technology are zeroing in on brands developing AI (Artificial intelligence) solutions.

M-commerce Vs eCommerce

Although the world of the web and world of smart devices are based on the same fundamental principles and aim to make people’s lives simpler, there are few major differences between m-commerce and e-commerce like Mobility, location tracking, security and much more.

Top e-Commerce apps

In this article, we have provided you with some of the best e-commerce trends in 2018 for your knowledge. Here, we go with it.

Amazon

Amazon – the leading online marketplace global, offers an excellent shopping experience to their users. The application is lighter, faster and permits you to search and filter a broad range of products on various parameters with just a couple of clicks. Further, it offers multiple payment gateways for easy checkouts and you get up to the minute upgrades about your order status. With the localization of the application, users can avail the offers from the nearby local enterprises.

Paytm

Paytm is a great mobile application for e-Commerce transactions in India. It works with almost all the famous telecom operators across the nation and enables the users to instantly recharge their mobile connection on to go. The cashless transactions also include recharges for mobile data cards, digital TV connections as well as for paying utility bills. Apart from these, you can utilize it to transfer or receive money from other Paytm accounts or pay for movie tickets, book hotels, and transportation, o shop from its catalog. As well, it affords several deals and cash back for paying via the application

Uber

Uber is a great on-demand cab service app which connects the riders to drivers and utilizes the GPS technology to access the exact progress of the cab. It permits you to compare the fare quotes for various vehicles and you can even pay via your mobile wallets.

HunterTech is one of the top e-Commerce app development companies in Bangalore, India, San Francisco and the USA which offers the best e-commerce app designs for you in order to promote your enterprise. We are the leading App development company in India to aid our clients with best of all.

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