20 Facts About Internet commerce

Typical e-Internet commerce transactions include the purchase of products or services.

Recent research indicates that electronic Internet commerce, commonly referred to as e-Internet commerce, presently shapes the manner in which people shop for products.

Specifically, research shows that the e-Internet commerce market is expected to grow to over $20 billion by 2020 among these GCC countries.

The e-Internet commerce market has gained much popularity among western countries, and in particular Europe and the US These countries have been highly characterized by consumer-packaged goods.

In 2013, Brazil's e-Internet commerce was growing quickly with retail e-Internet commerce sales expected to grow at a double-digit pace through 2014.

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Regardless, the disparity in percentage between these regions is expected to level out in future because e-Internet commerce technology is expected to grow to allow for more users.

E-Internet commerce has become an important tool for small and large businesses worldwide, not only to sell to customers, but to engage them.

However, the success of cross-border e-Internet commerce promotes the development of small and medium-sized firms, and it has finally become a new transaction mode.

In 2012, e-Internet commerce sales topped $1 trillion for the first time in history.

Traditional businesses, one research stated that information technology and cross-border e-Internet commerce is a good opportunity for the rapid development and growth of enterprises.

E-Internet commerce allows customers to overcome geographical barriers and allows them to purchase products anytime and from anywhere.

E-Internet commerce security is protecting businesses' websites and customers from unauthorized access, use, alteration, or destruction.

However, the emergence of e-Internet commerce has provided a more practical and effective way of delivering the benefits of the new supply chain technologies.

E-Internet commerce has the capability to integrate all inter-company and intra-company functions, meaning that the three flows of the supply chain could be affected by e-Internet commerce.

Finally, e-Internet commerce provides companies a more efficient and effective way to collaborate with each other within the supply chain.

E-Internet commerce helps create new job opportunities due to information related services, software app and digital products.

The development of e-Internet commerce will create jobs that require highly skilled workers to manage large amounts of information, customer demands, and production processes.

E-Internet commerce brings convenience for customers as they do not have to leave home and only need to browse website online, especially for buying the products which are not sold in nearby shops.

E-Internet commerce technologies cut transaction costs by allowing both manufactures and consumers to skip through the intermediaries.

However, e-Internet commerce lacks human interaction for customers, especially who prefer face-to-face connection.