E-Commerce:

E-Commerce (or electronic commerce) is the buying and selling of goods or services on the Internet. It encompasses a wide variety of data, systems and tools for online buyers and sellers, including mobile shopping and online payment encryption.

Types of E-Commerce:

• B2C.
• B2B.
• C2C.
• D2C.
• C2B.
• B2A.
• C2A.

Examples of Ecommerce

• Sell physical goods. 
• Sell digital goods. 
• Sell services.

Growth of Ecommerce

• Ecommerce has come a long way since the CompuServe launch in 1969. Driven by changes in technology and global circumstances, ecommerce is growing and shows no sign of stopping.

• Sales in online stores are expected to reach 22% of global retail sales by 2023, compared to 14.1% in 2019.
• It is estimated that by 2024, digital wallets will account for over half of total ecommerce payment volumes.

Amazon will account for 39.5% of all US retail ecommerce sales in 2022, or nearly $2 in $5 spent online.