In a recent survey, it was found that by the year 2040, ecommerce is expected to have 90% of the market share worldwide. This comes as no surprise as online shopping becomes increasingly popular. The rapid pace with which electronic commerce has grown in India as well as in the rest of the world is starking. It has captured a large scale of market share successfully due to its widespread adoption and acceptance of the online purchasing process done by people globally.
Here, CyberWorx Technologies, the Ecommerce Website Designing Company in India, outlines the various factors which are predicted to result in evermore popularity and rise of ecommerce in India. Take a peek.
- The growing use of cashless transactions.
In the current scenario, an increasing number of people are opting for payments over the Internet via their APIs and debit cards and eCommerce platforms provide the option of cash on delivery for those still untouched by the facility of online payments. Multiple payment options have been conducive to greater ecommerce usage.
- The facility of high-speed Internet.
Do you remember those times when the Internet was too expensive with the data packs which offered 1GB Internet recharge for a month? Tough times, indeed! With greater advancement and innovation, the Internet facility has become cheaper and thus, more accessible to people.
- Connectivity in cities beyond metros.
With more and more towers installed to avail network connectivity and high-speed internet in the farthest of places, the provision of online shopping has reached the masses.
- Rise of localised Internet content.
You would be amazed to know that the search in local Indian languages has doubled while English language searches remain the same. Hence, more and more people in the second-most populous country in the world are searching for information, products, and services, making it a big ecommerce potential market.
To hire the Best Web Design Company, no need to look further. CyberWorx Technologies is an Ecommerce Website Design Company that builds robust online storefronts and helps business brands flourish in the digital age. Collaborate with CyberWorx to get your e-stores designed.