Before we walk you through the ecommerce and its importance for businesses of any kind, let’s have a look on the below statistics*:
- “Industry revenue to reach US$4.23tn in 2025.”
- “Revenue CAGR** to be 11.58% pa.”
- “Number of users to reach 4,557.9m by 2025.”
*Based on STATISTA
** Compounding Annual Growth Rate
The outlook of the ecommerce industry based on all data and statistics shows a growing trend, over the next few years.
Ecommerce has been on a growing trend since a decade ago. People love to get information and feedback from other users about the product they wish to buy. Users are able to get other customers’ feedback instantly when shopping online. We are not going to talk about Covid19 positive impact on ecommerce, as it looks like a temporary element (HOPEFULLY!). In addition to the transparency factor, convenience is another important element that makes people prefer to shop online.
Online presence and ranking high on major search engines like Google, provides a variety of benefits for businesses regardless of their type. Brand visibility, reputation and credibility, more audiences are just a few out of many! With the growing number of people around the world who look for their needs on the internet, it is crucial for all businesses to go online to have a bigger piece of such a yummy cake. To be more specific, proper online presence is also crucial for businesses who carry out their deals offline, like car dealers, real estates, health care providers, etc., as the majority of people look for their needs on the internet.
The ecommerce websites are improving day by day. In addition to the high quality contents and the wide range of services that are being added to ecommerce websites to improve user experience, Virtual Reality and Artificial Intelligence are playing a crucial role in increasing the ecommerce industry popularity. Therefore, we believe that e-commerce is going to be more important for all types of businesses in the future. Therefore, any ignorance today leads to a big regret in the future.
There is no doubt that you, as a business owner, must invest on ecommerce regardless of the type of your business. You must ask yourself how you have performed in terms of online presence and how much you have gained so far from this giant US$4.23tn number. You must also pay high attention to the fact that your competitors will take advantage of such a powerful facility and the market will not wait for you to make your decision. You must take action at your earliest possible and make your online presence up and running at the highest quality level possible. You can start building your online shop with a registered web design company in the UAE.