There was a time when there were just physical stores out there for us to shop from. People bought products from actual stores and paid there and then. However, things took a turn in the year 1989 when e-commerce system was introduced by Sequoia Data Corp. It dealt with buying and selling goods and services over the internet; funds began to be transferred over electronic networks and people didn’t have to visit stores physically anymore nor did they had to pay in person. E-commerce took the world by storm and people began to adore it.
E-commerce spread slowly and Dubai was one of the few places that accepted it with open arms, whereas it is still reaching some parts of the world. In most first world countries, e-commerce is already huge, but the potential is there to grow some more thanks to some untouched corners.
From daily use products to crockery to high-end tech there is nothing that you cannot find online. The future of the online retail industry is doubtlessly bright and we are most likely to see an explosive growth in online retail industry spending in coming years. Several retail forecasts are not less than exciting for e-commerce entrepreneurs.
Here are 5 signs that show E-commerce is growing:
The Ease to Start a Business
It takes just a few minutes to start an ecommerce store. You can go to a platform like WordPress and get started right away and make your first sale. However, you will need to hire the best SEO company in UAE to be able to break the ceiling.
According to stats, at least 80% of the US population has purchased online at some point in time. The numbers are equally high for Dubai. E-commerce sales recorded in the year 2016 was 2 trillion and is expected to rise to 2.5 trillion up to 2018 and 4 trillion by the year 2020. These numbers show there is solid growth in online businesses.
Huge Brands Using E-commerce Websites
Many big names in the business industry are known to use e-commerce system to perform simple tasks such as take orders, keep track, solve queries, buy and sell products. These brands trust the e-commerce system and have made a fortune because of using it. These brands include Taobao, Flipkart, Alibaba.com, Snapdeal, Didi Kuaidi, Rakuten, Coupang, Lazada and many more.
You can even check out the Dubai Airport website as it is interactive and offers visitors a great way to know what all goes around the airport.
E-commerce websites are improving day by day. The developers are working day and night to fix bugs and create websites that work without any issue. Now, there are lesser bugs found in the system and customers have no problems making a purchase from most e-commerce sites.
A Better Response Than Physical Outlets
Gone are the days when people waited in longer cues to make orders and get the product. E-commerce has grown so much that it is slowly devouring the idea of shopping physically in most of the countries. You can order within a few minutes and the product reaches your home within a few days. This has made it possible to purchase products from all around the world. You can now get a British brand while sitting in Dubai!