What is Ecommerce?
Ecommerce also called as electronic commerce or internet commerce, the buying and selling of goods or services via the internet, and the transfer of money and data to have these transactions. Ecommerce is popularly used to talk about the sale of physical products online through sites, but it can also describe any kind of commercial transaction that is facilitated through the internet.
The story of this eCommerce begins with the first-ever online sale made on August 11, 1994, by a man sold a CD by the band Sting to his friend through a website called NetMarket that he made, an American retail platform. This is the first example of a consumer purchasing a product from a business through the World Wide Web—or “eCommerce” as we popularly call today.
Like the normal environment of economics and business, e-commerce too holds a whole ecosystem of economics and business in virtual terms. It has different types like C2B, B2C, C2C, B2B and etc. Every other agent of business is present, but retailers are quite at risk due to this rise.
Here we will cover all the relevant information about ecommerce from different angles and views. We will see and learn how the industry changed and what the future has in plan. We will also check the statistics related to one of the biggest industries that relate to ecommerce, an industry that grows consistently – the online casino industry. A decade ago, a lot of the transactions related to casinos were made physically – people mostly gambled and visited casinos when they were on a vacation. Now, in the era of ecommerce, people can visit any place in the work by simply pressing a button. Users are visiting more and more online businesses and in India particularly the demand for the best online casinos in India is on the raise. Although it is still treated as a gray area – it is raising consistently with some impressive numbers. Please stay with us for the full review of the ecommerce world.
Growth of Ecommerce
Ecommerce literate Gary Hoover’s research says that just in the last 14 years, the growth of eCommerce companies has hiked at a supersonic speed.
In 2017, e-commerce became the leading retail channel in Asia-Pacific, driven by hike majorly in two countries i.e. South Korea and China.
South Korea was the first country in the region where e-commerce became the No. 1 channel back.
China is the digital powerhouse in the whole Asia-Pacific and the globe. E-commerce sales reached $354 billion USD in the year 2016. China’s leading retailers, Alibaba and JD.com, built retail ecosystems with the best selection and a range of prices while solving the challenges around logistics and payments.
But let me tell you other countries ain’t quite far either.
eMarketer shows that retail e-commerce sales will increase to $4.058 trillion by the year 2020, making up 14.6% of total retail spending.
In Macau, the biggest gambling country made the following revenue in 2016
- January 2016: 18,674 million MOP (MOP 23,478)
- February 2016: 19,521 million MOP (MOP19,542)
- March 2016: 17,981 million MOP (MOP21,487)
- April 2016: 17,341 million MOP (MOP19,167)
- May 2016: 18,389 million MOP (MOP20,346)
Online casino games have seen a sharp rise lately as much as 70%. Some even dealing in billions of dollars.Many players can use sites like WildJack casino to earn fulltime income based on their expertise and knowledge of games such as baccarat, poker, and roulette. Some offer, free trials, virtual money to try with, offers and wild games.
The rise of mobile casino platforms has given an opportunity to the people to experience what real money casino feels like. It has primarily brought about the kind of simplicity that people who were originally locked out wanted to experience before participating. Barriers that used to exist in the traditional casino are now broken. An amateur can even take part in these games without worrying that they will be looked down upon by expert casino enthusiasts who sit the whole day in a land-based casino.
Well, not every town has a casino dealing in millions each night. Not every man can travel to one, not every man has access to them. but what if all of this comes to you in the reach of your fingertips. That’s where casino apps come into play.
Reasons behind the rise
There has been a steady and fast-paced growth of mobile and laptops devices since last few years. And with each passing year, the sales are showcasing huge leaps. With technology evolving each month, electronic devices have both been a necessity and status signifying commodities. Brands like Samsung, Apple, Dell etc have made a global market far-reaching than ever estimated.
Also, the internet is reaching every corner of the world and is also getting faster and cheaper with each passing day. Now every electronic device has access to internet leave along with the old school theory of just mobiles and laptops being connected to the network. Public wi-fi has facilitated the process even further.
Many countries have now put emphasis on cashless transactions via apps and online wallets which have majorly impacted the game.
The rising value of bitcoins and people are investing in it like insane. Bitcoins is the living and the biggest proof to understand the demand of eCommerce which has been spreading like wildfire.
Also Read: Is Cyber-Security Essential Nowadays?