Ecommerce industry has had second wind during the coronavirus pandemic. The ecommerce market was already rising before we were plunged into the pandemic. However, with the recent progress of the market and more awareness by businesses, the success is inevitable.
Ecommerce has been around for a fairly long time but it gained popularity in a much later age. At first, there were only eBay and Amazon that made a cloud thought come to reality. People were actually able to buy products online and had their stuff delivered to their doorstep. It was revolutionary. People were invested in the technology and how it worked.
Today, both eBay and Amazon are worth billions of dollars – all thanks to the ecommerce industry and the role it has played in the lives of consumers. After the lockdown, many businesses sustained themselves quite well with their online presence and taking part in the ecommerce industry. The businesses that did not know how ecommerce works were also, sort of, forced to understand the idea and they liked it better than their physical store counterparts.
Many companies are launching their own marketplace to identify themselves as an ecommerce store. Many social media platforms like Facebook, Instagram, and TikTok have also included this feature in their sites so that it is easier for people to buy what they are looking for.
The question, however, remains; should you invest in the ecommerce industry or does this industry have much less to offer than before? The answer is simple, the staggering growth of ecommerce industry in the past few years is evident that it has not peaked just yet. With the current boost, it may be the right time to set yourself up for a good future by investing in the technology which is now the new norm.
If you are still confused, take a look at the following infographic for more information.
Infographic by: visualcapitalist