3 Predictions for the Future of E-Commerce in 2020. A decade of opportunity has opened up a world of change for business. By Raj Jana Founder, JavaPresse Coffee Company @rajer_thatt. The biggest e-commerce trends of 2020 will change how retailers sell and ship to consumers around the world in the years ahead. Here’s a closer look at some of these events and how they’ll change the international e-commerce and logistics landscape in 2020. The future of e-commerce The potential of growth in e-commerce in India has caught the attention of several regional players like Flipkart, Snapdeal and also of global giants like Amazon, Alibaba. From being worth just about $3.9 billion in 2009, online retail is worth $38 billion in 2016 and it is expected to generate about $100 billion in revenue by 2020 1 . The ongoing digital transformation in the country is expected to increase India’s total internet user base to 829 million by 2021 from 604.21 million as of December 2018. India’s internet economy is expected to double from US$125 billion as of April 2017 to US$ 250 billion by 2020, majorly backed by ecommerce. Prepare for the exciting future of ecommerce by implementing the emerging trends of 2020. 1. Personalization and Customer Engagement. Compared to traditional retail shopping, ecommerce stores lack face-to-face personal interaction. Online stores do not have a retail clerk who can recommend products based on your interests, tastes, and preferences. Vijay Shekhar Sharma, founder of Paytm , Alibaba’s vehicle into India, is also a passionate disciple of the Ma school of retail. If Alibaba has Tmall, Sharma’s Paytm has Paytm Mall. If Alibaba has Ant Financial, which runs the Alipay mobile payment platform (Alibaba recently bought 33 percent in Ant),
The tremendous growth of e-commerce market also plays an integral role in the high scale development of the retail sector; by 2020, ecommerce will be a $700 billion market (B2B) with 530 million shoppers by 2025, coming at par with offline stores within a span of five years. The future of the eCommerce market in India is having a hockey-stick growth by 2020. That’s the reason why it becomes imperative to discuss the eCommerce market trends for 2020.
3 Predictions for the Future of E-Commerce in 2020 A decade of opportunity has opened up a world of change for business. By Raj Jana Founder, JavaPresse Coffee Company @ rajer_thatt “By end of the decade, by 2020, e-commerce would be $100 billion industry Presently China has a $450 billion e-commerce (market) and India is just $10 billion. “India in next 10 years, in my mind 10 years, would be close to $250 billion of e-commerce," DIPP secretary Amitabh Kant
The ongoing digital transformation in the country is expected to increase India’s total internet user base to 829 million by 2021 from 604.21 million as of December 2018. India’s internet economy is expected to double from US$125 billion as of April 2017 to US$ 250 billion by 2020, majorly backed by ecommerce. Prepare for the exciting future of ecommerce by implementing the emerging trends of 2020. 1. Personalization and Customer Engagement. Compared to traditional retail shopping, ecommerce stores lack face-to-face personal interaction. Online stores do not have a retail clerk who can recommend products based on your interests, tastes, and preferences.
25 Feb 2020 This is an extremely powerful sales channel – and can be an incredible SEO hack for online stores. Integrating your e-commerce platform with India, and is expected to reach $700 billion by 2020 (Shankar, 2016), it is the idea of B2C trends that shall propel the growth of e-commerce in future, in India . 20 Dec 2007 Future of eCommerce Darpan Munjal. Join the most innovative eCommerce & customer experience executives from the top brands in travel, hospitality, and leisure. I look forward to participating and contributing to future events with WBR." Hyatt Regency Indian Wells, CA. At Wunderman Thompson Commerce, we create eCommerce platforms for global We future-proof your business by deploying best-in-class technology and