In 1995 only 0,4% of the world population used internet. 20 years later this percentage increased to almost 50%.
The beginning of e-commerce was located in America, but the internet has expanded across the globe. China has the biggest economy, worth $562.66 Billion.
Amazon.com alone made net sales of $107.01 Billion. That’s quite impressive when you take the fact that the company didn’t make a full year’s profit for nearly its first decade of operation.
Tthe UK market became the largest in 2010. They also have the distinction of making half of their Paypal transactions via mobile.
It’s mobile and other innovations that are driving e-commerce into the future and changing the landscape. 90% of companies now use social media for their business, and many platforms now have tailored features for e-commerce. The future also promises unending growth, as even more of the world’s population gets online. The US is expected to reach a market value of $548 billion by 2019. Overall online shopping is expected to be worth more than $2.35 trillion!
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