Hi guys! Today, i would like to share a very interesting fact with all of you. I guess most of you will have plenty of questions about E-commerce, right? Questions such as what is E-commerce, how E-commerce works, what is the history and evolution of E-commerce and etc.
When the Internet became commercialized and users began flocking to participate in the World Wide Web in the early 1990s, the term electronic commerce was coined.
E-commerce will undoubtedly continue to shift and change. More and more E-commerce success are emerging.By the end of 2001, the largest form of E-commerce, B2B, had around $700 billion in transactions.
So, I will explain all the doubts. Electronic commerce is a growing aspect of business community that formally in the use of digital transactions between and among businesses and individuals. 
According to Turban,E-Commerce is the proces of buying, selling or exchanging products, services and information via computer networks. In other words, E-Commerce is the use of the Internet and the web to transact business.
According to Turban,E-Commerce is the proces of buying, selling or exchanging products, services and information via computer networks. In other words, E-Commerce is the use of the Internet and the web to transact business.History of ecommerce dates back to the invention of the very old notion of “sell and buy”, electricity, cables, computers, modems, and the Internet. E-commerce became possible in 1991 when the Internet was opened to commercial use. Since that date thousands of businesses have taken up residence at web sites.
E-commerce applications were first developed in the early 1970s and allowed business companies and organizations to send commercial documentation electronically with innovations such as electronic funds transfer(EFT),electronic data interchange(EDI).
When the Internet became commercialized and users began flocking to participate in the World Wide Web in the early 1990s, the term electronic commerce was coined.
Then E-commerce applications rapidly expanded. This is because of the development of new networks, protocols, and E-Commerce software. Besides,the increment in competition and other business pressures are also one of the factors.
Since 1995, Internet users have witnessed the development of many innovative applications, ranging from online direct sales to e-learning experiences. In 1999, the emphasis of E-commerce shifted from B2C to B2B, and in 2001 from B2B to B2E, c-commerce, e-government, e-learning, and m-commerce. Given the nature of technology and the Internet,
E-commerce will undoubtedly continue to shift and change. More and more E-commerce success are emerging.By the end of 2001, the largest form of E-commerce, B2B, had around $700 billion in transactions. According to all available data, E-commerce sales continued to grow in the next few years and, by the end of 2007, E-commerce sales accounted for 3.4 percent of total sales.Overall, the growth of the field will continue to be strong into the foreseeable future. Despite the failures of individual companies and initiatives, the total volume of E-commerce is growing by 15 to 25 percent every year.
Undoubtedly, ecommerce is going to shift and change according to the customer advantage. And it has been estimated to have a dramatically growth as the time goes onwards.
History of E-commerce is a history of a new, virtual world which is evolving according to the customer advantage. It is a world which we are all building together brick by brick, laying a secure foundation for the future generations.
At last, hope all of you gain some knowledge about the history and evolution of E-Commerce by reading and watching the video below.I'll keep you up-to-date.Thanks for viewing!
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