How MVPs Are Shaping The Future Of Leeds’ E-Commerce Start-ups In the fast-paced world of e-commerce start-ups, the key to success lies in staying ahead of the curve. And that’s where Minimum Viable Products (MVPs) come into play. By embracing this innovative approach, Leeds’ e-commerce start-ups are revolutionising the industry and shaping the future of…
Why do E-commerce businesses need a logistic App? E-commerce businesses are constantly growing and evolving. In order to keep up with the competition and maintain a successful business, it’s important to have a logistic app in place. Here are 10 reasons why: Increased efficiency and productivity: A logistic app can help increase efficiency and productivity…
E-Commerce, also known as electronic commerce, refers to the buying and selling of goods and services using the internet, and the transfer of money and data to complete these transactions. In the modern era where technology reigns supreme, not only has E-commerce become instrumental for businesses to attain growth and expansion, it has transformed the way consumers shop and interact with brands.
In today’s fast paced digital era, consumers demand convenience, speed and a personalised experience across all channels – a paradigm shift that resulted in the rise of E-commerce. E-commerce has undisputedly revolutionised the retail industry, permitting businesses to reach a global customer base, operate 24/7 and improve customer service whilst offering a wide-range of products to meet the diverse needs of consumers.
E-commerce is not contained to just online shopping for physical goods; it also encompasses digital products, online auctions, internet banking, online ticketing and e-services. The availability of secure payment gateways has substantially amplified consumer trust in E-commerce. Coupled with digital marketing strategies such as SEO, social media marketing and email marketing, businesses can enhance their online presence, increase brand awareness and convert visitors into loyal customers.
In terms of evolution, over the last five years, mobile commerce or m-commerce, a subset of E-commerce, has seen a meteoric rise. M-commerce is a shopping experience optimised for mobile devices that caters to today’s on-the-go, mobile-centric users. Interestingly, in 2021, m-commerce sales have projected to account for 53.9% of all E-commerce sales.
The global E-commerce industry, notwithstanding the sporadic economic disruptions, has experienced resilient growth. Driven by the wave of digital transformation, globally, retail E-commerce sales are projected to grow to 5.4 trillion USD in 2022, as per Statista.
Globally influenced by the E-commerce boom, UK’s online retail sector too has been demonstrating significant growth. According to a report by the Office for National Statistics UK, online sales increased from 20.1% in January 2020 to 36.3% in February 2021. Predictions for the future of E-commerce in the UK post Covid-19 suggests a continued upward growth trend, with digital technology and consumer shopping behaviours continuously evolving.
As we delve into the intricate facets of E-commerce in the subsequent blogs, we hope to offer a rich blend of insights and trends, highlighting the symbiotic relationship between technology, businesses and consumer behaviour in the E-commerce landscape.
Why not embark on this journey with us? Explore more about E-Commerce on our blog and browse through our various categories to get a fuller image of the digital, technological and the E-commerce world. If you have any queries, thoughts or ideas, do not hesitate to contact us at MVP Developer. We look forward to hearing from you, and to continue to demystify the world of E-commerce together.