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Online Shopping History (1990-2012)

Š Copyright 2011 - 2012

Origin of Online Shopping

• In 1990 Tim Berners-Lee created the first World Wide Web server and browser. • It opened for commercial use in 1991. • In 1994 other advances took place, such as online banking and the opening of an online pizza shop by Pizza Hut. © Copyright 2011 - 2012

Online Shopping over 1991 • It was the year 1991 when the NSF (National Science Foundation) cleared the way for the commercial use of NET. This was considered to be a major boost for the ecommerce industry and its future growth. • Statistics state that the traffic on the backbone network of NSF jumped to over 1 trillion bytes per month in the year 1991 itself after it was opened for commercial use.

© Copyright 2011 - 2012

Online Shopping over 1992 • A book called “Future Shop: How new technologies will change the way we shop and what we buy” was published in the year 1992. • The book was considered revolutionary considering the fact that it talked about what will happen in the future of ecommerce and how the Internet will take shape.

© Copyright 2011 - 2012

Online Shopping over 1994 “Mother of all Years” for ecommerce as Netscape launched encryption certificate which became the trustworthy means of transmitting data over the Internet

& The year 1994 also marked the launch of Yahoo! though the domain was registered later in the year 1995. This truly gave the Internet and ecommerce a completely new direction. © Copyright 2011 - 2012

Online Shopping over 1995 • It was the year 1995 when NSF started charging a fee for registering domain names. • At that time the Internet had 12,000 domain names registered and the number jumped to over 2 Million in the next 3 years. • $100 for 2 Years was the price for a Domain in the year 1995. © Copyright 2011 - 2012

Online Shopping over 1995

• PayPal came into existence in the year 1998. The current PayPal system that we see is actually the merger of X.COM, a financial service company of the late 2000s, and Cofinity which happened to be a payment and cartographic company. • It was the year 1998 only when Google entered the world of ecommerce and Yahoo! launched Yahoo! Stores online. © Copyright 2011 - 2012

Online Shopping After 2000 • As they say, what followed after Google is history. Be it the dot com bubble or the Web 2.0, the Internet has experienced exponential growth (with its own pitfalls) that has shaped the lives of many. • As we know it, the Internet continues to grow with major and minor ecommerce companies launching their own set of stores. • Today, we can literally buy anything via the Internet. That is the wonderland of ecommerce. © Copyright 2011 - 2012

• This presentation was based on the study conducted

by The complete findings and the details can be found here.

• DealsDirect does not claim the ownership of this

research or report.

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Online shopping history