Here is some exciting demography of E-commerce Revolution in India which has more than 50% of its population below the age of 25 and more than 65% below the age of 35. (Source: Wikipedia) We are having more than 125 million Internet users and are known to be one of the top three fastest growing markets in the world. Fairly last year, India had 18 million new internet subscribers as compared to the 14 million users in China.
A new study coordinated by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) and comScore forecasts an even faster growth which is reaching 330 million to 370 million users in the next two years, building India the second leading audience after China.But even though the present Internet users account for only about 10 percent to 12 percent of India’s total population of 1.2 billion, the Internet explosion in India is already evident. Of Course it has been marked that young India is driving the country’s e-commerce. India has more than 130 million mobile Internet users by March 2014 which is known to be a gigantic jump from the 87 million users in December 2012 (Source: Wikipedia)
The next five to ten years guarantees a big opportunity in online commerce due to the young India who are going online with their iPads, mobile phones and smart phones, mobile apps and this method of interacting with one another is flattering a habit between most of them.The Internet access however has created new business opportunities, assisting several new start-ups as well as existing businesses to penetrate the online market.
Over the most recent decade, Indian ecommerce has seen a gradual shift from being a sector driven purely. The online retail market in India is expected to attain Rs 70 billion by 2015 from the Rs 20 billion market in 2011.And all this credit goes to both business owners and consumers who have vibrantly used the E-commerce platform and made a successful venture. Millions of buyers and sellers interacts day to day through thousands of E-commerce Stores worldwide and negotiate thousands of deals on a daily basis.
The enormous scope and opportunities in E-commerce Industry have encouraged many big business in India i.e. Reliance Industries, Tata, Future Group, Aditya Birla etc., to make a move in E-commerce industry. It will be an remarkable business and marketing conflict between these huge business houses and the already established E-commerce Industry names i.e. Flipkart, Shopclues, Snapdeal, Jabong etc.
There is a tremendous Scope for Small as well as large E-retailers belonging from every category and size , small and big are jumping to get benefit out of this E-commerce Industry rise. With the rising number of online buyers and every year, the necessity of online stores is being felt massively worldwide. Hence, if you are planning to launch your own Online Store for a long time, this is the ideal time to launch it. Nevertheless, in order to stand distinct among the crowd, be a part of growth and expansion of E-commerce Industry to capitalize on the online evolution worldwide.
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