How possible E-commerce promising for the 5 years?

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Coming Years of eCommerce Industry to Be Promising

Introduction

The growth of eCommerce has been fostered, and now it is a billiondollar industry.

Today, every businessperson can reach the provider of Magento web development services to get an eCommerce web solution.

ECommerce industry is evolving since its inception. It was all started with small companies such as Flipkart (now a giant, Snapdeal, etc. in India.

The future of eCommerce seems more promising after the success of these small companies.

As per the survey reports, experts are expecting an increase by 1200% to $200 billion in eCommerce industry by 2026.

Reasons to Support The Dynamics of eCommerce

Digital India Campaigns

Streamlined Logistics

Safe Payment Gateways

Easy Returns And Exchange

Digital India Campaigns

Digital India campaign was the way of the Indian government that tried hard using the tool to offer an enhanced infrastructure by promoting internet connectivity in remote locations.

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Digital India campaign has ensured that eCommerce industry is heading in the right direction and path.

The efforts made by the government have started paying off as the number of internet users is increasing with passing time.

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Smartphone companies are now offering their products at cheap prices due to the rising number of Smartphone users, and internet plans are pocket-friendly, and online users are becoming eCommerce customers every day.

Streamlined Logistics

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Logistics in India is proving its worth today.

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3 The eCommerce companies have GPS tracking apps that help them establishing tight loop around logistics companies.

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The courier companies are now more streamlined than ever and are seeking for smarter ways to make delivery by setting up organized logistics services.

The eCommerce companies have GPS tracking apps that help them establishing tight loop around logistics companies.

Safe Payment Gateways

E-wallets, onetouch payments, online instant transfers are some of the latest market trends you can see today.

Remembering the account login details and security answers are just a thing of the past.

Today, banks of India are providing enough support to their users to make more streamlined and safer payments online.

Easy Returns And Exchange

Product exchanges and returns were earlier considered as a huge problem, but not today.

Massive exchanges and returns added to the logistics cost in oldtime and that was an extra burden for ECommerce companies.

However, courier aggregators came and changed the whole game of RTO (return to origin) rates.

Today, eCommerce companies can provide better services to their customers.

Future of eCommerce

India is already driving through digital development path.

It is beneficial for eCommerce since the companies get vast number of shoppers in the face of internet users.

There are Magento web development services providers doing their best to build the eCommerce industry, and there are a lot of things in between.

Let’s discuss few of the things that might be coming in the next 5 years:

Future of eCommerce

References: https://www.shiprocket.in/blog/future-of-ecommerce/

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