The ecommerce industry has transformed the internet into a big marketplace for small and large companies. Technology makes it possible for small players to offer the best customer experience and gain market share. Here’re vital points to focus on before starting an ecommerce business.
The state of the e-commerce sector in India
Amazon, Flipkart, Alibaba, PayTM (One97 Communications Ltd), MakeMyTrip, BookMyShow, Snapdeal (Jasper Infotech Pvt Ltd), Just Dial Ltd, Myntra, and FirstCry make it in the list of top e-commerce players in the country. Walmart and Samara Capital have already entered India via Flipkart, while other international players are keen to enter the market but are waiting for more clarification on the country’s e-commerce policy draft. The sector also includes the countless number of small tech startups operating in various Indian cities. By 2022, India’s online shopping market is all set to cross the $150 billion mark. Thus, this is the best time to enter.
According to Shopify’s data, the e-commerce market in the Asian region is worth around $831.7 billion.
The combined business in the Middle East and African region is said to be worth $18.6 billion.
The European market is worth $346.5 billion, while the Australian e-commerce trade stands nearby $18.6 billion.
North American e-commerce is said to be worth $552.6 billion, while South America’s business is estimated to be around $17.7 billion.
Besides lucrative Europe and American market, the Asian region is attracting eyeballs.
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