E-commerce trends over the past couple of years
The e-commerce market has experienced tremendous growth over the past couple of years. Since the beginning of the 21st century we have seen the growth of incredible companies such as Amazon, and eBay. It is clear that over the past couple of years humans have become more comfortable with buying their products online, instead of going to a conventional retail store to wait in the line in order to check out an item by the register. The rise of blockchain technology was due in part to the rise of e-commerce and the desire for people to remain as anonymous as possible. One e-commerce site that captured the headlines was Silk Road. Silk Road was a dark net e-commerce site which is infamous for selling illegal stuff such as cocaine, marijuana, guns, child porn and stolen credit cards. This shows that people had become more comfortable in buying stuff from people they know nothing about.
E-commerce trends forecast
In 2017 e-commerce companies like Amazon grew by more than 20%. The market cap of Amazon is due to its dominance in fields such as cloud computing, and e-book retail dominance. This has led investors to pump money into the e-commerce giant. This is mainly due to the fact that Amazon has proven to have a bright future. However, Amazon is being put under monopoly scrutiny by both the European Union and the United States government. Some speculators believe that Amazon is going to be broken down into smaller companies.
Mobile e-commerce trends
Mobile e-commerce has picked up pace over the past few years. The mobile e-commerce trends are on the rise throughout the globe, especially in the East Asian market. It is estimated that by 2020 40% of all e-commerce purchases are going to be done through mobile devices such as tablets, iPads, and smartphones.
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