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Internet for Everyone
Internet becoming public put the evolution of e-commerce on the fast track. http://www.factmonster.com/ipka/A0193167.html -
Online Marketing
Initial commerce sites are established and mass marketing campaigns are launched via email, allowed for a new way for businesses to access their customers. http://www.factmonster.com/ipka/A0193167.html -
Amazon
Amazon.com was considered as an online bookstore, but in time it extended a variety of goods by adding electronics, software, DVDs, video games, music CDs, MP3s, apparel, footwear, health products, etc. The original name of the company was Cadabra.com, but shortly after it was changed to Amazon because of popularity. http://www.ecommerce-land.com/history_ecommerce.html -
First Online Bank
Online credit card sales began to appear, also the first online bank opened. In October 1994, Stanford Federal Credit Union became the first financial institution in the U.S. to offer internet banking to all of its customers. https://www.gobankingrates.com/banking/history-online-banking/ https://www.templatemonster.com/blog/history-of-ecommerce-timeline-infographic/ -
Ebay
eBay was founded in September 1995. eBay was the first e-commerce company, providing consumer-to-consumer sales online allowing for a new aspect of e-commerce that revolutionized how people viewed e-commerce. https://www.templatemonster.com/blog/history-of-ecommerce-timeline-infographic/ -
Break Down
Thousands of internet businesses folded, however many of the world's' most established traditional brick-and-mortar businesses were emboldened with the hope of e-commerce and the prospect of serving a global customer base electronically. http://www.spirecast.com/history-of-e-commerce/ -
Google Shopping
In 2002 Google noticed a hole in the market and startedGoogle Shopping. Originally Google Shopping was a price comparison search tool that would crawl all online products and display them in the “Shopping” tab and was a great way for smaller businesses to advertise their products for free. It made it possible for small businesses to compete with larger online presences. http://www.yoma.co.uk/blog/20-years-ecommerce-history-timeline/ -
92 Million
The increase of businesses with an online presence helped boost moral of e-commerce and gave a larger identity for big businesses. http://www.factmonster.com/ipka/A0193167.html -
Facebook
Facebook made a deal with Microsoft to provide and sell ads on their site to start making a profit. This was much to the pleasure of e-commerce businesses as they could now reach out to an audience who were mostly tech savvy and open to the idea of buying online; now targeted ads, video ads and timeline ads. http://www.yoma.co.uk/blog/20-years-ecommerce-history-timeline/ -
Facebook
Facebook made a deal with Microsoft to provide and sell ads on their site so as to start making a profit. This was a huge benefit to e-commerce businesses as they could now reach out to an audience who were mostly tech savvy and open to the idea of buying online; now targeted ads, video ads and timeline ads.(http://www.yoma.co.uk/blog/20-years-ecommerce-history-timeline/) -
B2B
Business-to-business electronic commerce makes for a vast amount of e-commerce sales and plays a major role in global networks. In 2008, approximately 40 percent of manufacturing sales and 16.3 percent of wholesale sales in the United States were e-commerce related. http://www.supplychainquarterly.com/columns/scq201102monetarymatters/ -
All in One
Consumers have so many options for where they shop; they also have options for what they want to shop on. Customers might see your product while window shopping at the mall, check it out on their smartphones, conduct further research on their tablets, and finally buy the product on their desktops. They move fast between devices and expect brands to keep up. (https://www.curalate.com/blog/future-of-ecommerce/) -
M commerce
It is believed the as e-commerce grows it will turn more and more into m-commerce as smartphones become increasingly the norm in day to day life. -
Growth
E-commerce will continue its steady growth because more people worldwide are projected to join the online community and start spending money. In 2015 the number of online shoppers stood at 1.46 billion; in 2019 that figure is expected to cross the 2 billion mark. https://www.curalate.com/blog/future-of-ecommerce/ -
Asia-Pacific
The region with the highest total of ecommerce sales is Asia-Pacific, where e-commerce sales overtook North America in 2014. According to Forrester, the e-commerce market trend in the Asia-Pacific region will reach an estimated $1.4 trillion in 2020. eMarketer attributes the growth of Asia-Pacific market to the development of technology in the region. https://www.demoup.com/blog/six-new-ecommerce-trends-shaping-the-future-online-retail/
