E-Commerce Market Overview, Trends, Opportunities, Growth and Forecast to 2020-2025

According to IMARC Group’s latest report, titled “E-Commerce Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,”. Looking forward, IMARC Group expects the market to continue its double-digit growth during the next five years. E-commerce, or electronic commerce, stands for the commercial transactions conducted electronically via the internet. It includes buying and selling of consumer products, marketplace services, and customer support. E-commerce also includes online auctions, payment gateways, online ticketing, and internet banking. It is typically classified in various business models, viz; Business to Business (B2B), Business to Customer (B2C), Customer to Business (C2B), and Customer to Customer (C2C) model. E-commerce platforms offer multiple benefits, such as a global reach, fewer transaction costs, higher profit margins, direct communication between the parties involved, and fast delivery of goods and services.

 

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Uploaded on August 6, 2020