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The Evolution of Ecommerce & What Future Beholds?

THE EVOLUTION OF ECOMMERCE & WHAT FUTURE BEHOLDS ? TVI Ecommerce has come a long way from the first book sold by Amazon in 1995 to $ 376 billion in 2020. Evolution in technology has certainly driven eCommerce growth , along with global circumstances . Today , eCommerce must meet consumers ' expectations for safety and convenience . By 2022 , eCommerce revenue in the U.S. alone is expected to reach $ 479 billion . The future holds endless opportunities , but its success and continuation will depend largely on buyers ' preferences in the future . Toys & hobby 3.9 % Others 20.2 % Furniture 6.7 % Consumer Electronics Auto & parts 10.4 % 21.9 % Clothing 17.2 % MOBILE COMMERCE One of the most important evolutions of eCommerce in recent years is the ability to browse , compare , and shop from beautiful , responsive mobile sites or apps via a smartphone or tablet . Over a short period of time , mobile - driven e - commerce business has garnered majority of market share . ARTIFICIAL INTELLIGENCE & MACHINE LEARNING ( AI / ML ) Do you know Artificial intelligence increases traffic on online stores ? Therefore , the sales and marketing team started using Al to drive customers to the online store . Machine learning helps ecommerce stores better meet their customers ' needs . a¹a VOICE SEARCH & CHATBOTS ONLINE SALES : PRODUCT CATEGORY A CHANGE IN ECOMMERCE INDUSTRY IN COMING YEARS With more and more households adopting voice assistants , voice commerce is on the horizon . This has created a new gateway to consumers and offers the opportunity to establish and integrate a company into the consumer's everyday life . Contact - less designs will become a preferred channel . There are now more than 800,000 stores online . 78 % of US adults have made a purchase online , and 69 % of adults with Internet access shop online at least once a month . The most commonly purchased items online are electronics ( 22 % ) and clothing ( 17 % ) . Desktop 22 % Tablet 18 % O Mobile 60 % AUGMENTED AND VIRTUAL REALITY ( AR / VR ) In order for e - commerce to fully replace brick - and - mortar buying , the whole shopping experience needs to be more intuitive , friendly , and satisfying . This is where immersive technologies like augmented reality and virtual reality ( AR / VR ) will help . BLOCKCHAIN It offers a range of capabilities that provide a lot of transparency in the financial and logistical aspects of the business but also allows consumers to have more control over their transactions . That helps build trust between the buyer and seller , which is essential for e - commerce success . Learn More :

The Evolution of Ecommerce & What Future Beholds?

shared by hiteshtbi on Apr 07
The evolution of eCommerce is a story of astounding growth fueled by tremendous innovation in technology. In this infographic, we cover a few major eCommerce milestones, how the industry got to where ...


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