Big Boom in E-commerce Industry

Big Boom in E-commerce Industry

E-commerce (electronic commerce) is the activity of buying or selling products electronically through online services or the Internet. The term was coined and first used by Dr. Robert Jacobson, Principal Advisor to the Utilities & Commerce Committee of the California State Assembly, used in the title and text of the California Electronic Commerce Act under the direction of the late chairman of the committee, Gwen Moore (DL.A.). and enacted in 1984.

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Some of the key players of E-commerce Industry:

Amazon.com, Inc., Alibaba Group Holding Limited, Best Buy, eBay, Flipkart Private Limited, JD.com, Inc., The Home Depot, The Kroger Co., Target, Walmart

Electronic commerce relies on technologies such as mobile commerce, electronic money transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems and automated data collection systems. In turn, e-commerce is driven by technological advances in the semiconductor industry and is the largest sector of the electronics industry.

Modern electronic commerce typically uses the World Wide Web for at least part of the transaction lifecycle, but can use other technologies such as email. Typical e-commerce transactions include purchases of online books (such as Amazon) and music purchases (music download via digital distribution such as iTunes Store) and, to a lesser extent, bespoke / personalized online liquor store inventory services.

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