E-commerece

1. E-commerce Opportunities
Following are some of the areas where e-
commerce is witnessing rapid growth in the
global markets.
 Financial Services: a large number of user use
the internet for some form of financial
guidance.
 Stock Trading : online stock trading is
nowadays one of the most demanding e-
commerce utilities.

2.  Banking: Internet banking is now growing.
 Legal and Professional Services: The requirement
for professional, legal and regulatory advice is
expected to increase as the number of e-
commerce users increases.
 Tour and Travel: There has been a growing
emphasis on the search for alternative
distribution channels within the sector,
particularly with the railways and the airlines, as
they seek to reduce costs. These sectors have
adapted well because of their online reservation
systems.

3.  Healthcare: The internet has the potential to
enhance communication, streamline
processes and create new business
opportunities, by providing high-quality
administrative services and integrating
information system.

4. • Scope
India has shown tremendous growth in the E-
commerce segment. With an internet user base of
over 300 million, India has third largest internet
population after US & China (see info-graphic below).

5. India has witnessed a major breakthrough E-commerce success stories
particularly in e-retail in Consumer Electronics & Fashion Apparel & Home
Furnishing segments. E-commerce creates new opportunities for
entrepreneurial start-ups. Ease of Internet access, Safe and secure payment
modes coupled with aggressive marketing by E-Commerce Giants has
revolutionized this segment. Rapid development in mobile technology has given
way to Mobile Commerce with many E-Commerce companies shifting to App
only model.

6. India has witnessed a major breakthrough E-commerce success stories
particularly in e-retail in Consumer Electronics & Fashion Apparel & Home
Furnishing segments. E-commerce creates new opportunities for
entrepreneurial start-ups. Ease of Internet access, Safe and secure payment
modes coupled with aggressive marketing by E-Commerce Giants has
revolutionized this segment. Rapid development in mobile technology has given
way to Mobile Commerce with many E-Commerce companies shifting to App
only model.