Do you think e-commerce is the future of commerce and why?

As the e-commerce industry sees increased traction, it is expected to increase to reach a market size of US$ 188 billion by 2025. The industry is quick to adapt to new technologies too. The future prospect of ecommerce moreover depends upon the fast uptake of latest technologies, their convenience in usage and cost.

What do you think about the future of e-commerce?

New studies projected that the worldwide retail eCommerce sales will reach a new high by 2021. Ecommerce businesses should anticipate a 265\% growth rate, from $1.3 trillion in 2014 to $4.9 trillion in 2021. In fact, by 2021, it will account for 17.5\% of the total global retail sales.

What do you think will be the future of e-commerce in Malaysia?

With some 25 million active social media users in Malaysia, accounting for 78\% of the population, there is massive potential for e-commerce growth in Malaysia. According to GlobalData’s ECommerce Analytics, Malaysia’s e-commerce market is expected to reach RM51. 6 billion by 2024.

What are the advantages of using e-commerce?

Advantages of E-Commerce Over Traditional Retail

• Overcome Geographical Limitations.
• Gain New Customers with Search Engine Visibility.
• Lower Costs.
• Locate the Product Quicker.
• Eliminate Travel Time and Cost.
• Provide Comparison Shopping.
• Enable Deals, Bargains, Coupons, and Group Buying.
• Provide Abundant Information.

How E commerce is changing our society?

The main way in which e commerce will affect the economy, in general, is its impact on productivity and inflation. The continued expansion of electronic commerce could also lead to downward pressure on inflation through increased competition, cost savings and changes in sellers’ pricing behavior.

What do you think is the encouraging future of e commerce in Pakistan?

One report says that by 2022 Pakistan could observe a 25 percent increase in the exportation of information technology. E-commerce could contribute majorly in improving the livelihoods of people as well as building competitive enterprise and increasing its share in global trade.

Why is e-commerce important in Malaysia?

Malaysians are now more confident to do transaction via online since e-commerce site now giving assurance that their websites are safe to use. E-commerce businesses are also become important in Malaysia as people are now prefer to purchase products and services online.

What do you think will be the future of e commerce in Malaysia?

How can e-commerce improve a business?

E-commerce provides increased visibility and sales by letting everyone that’s looking for your products online find you. Even when you’re targeting a niche audience, you’re guaranteed to expand beyond your shop’s physical area.

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