This white paper attempts to analyze the e-commerce market perspective from India context. For text version: http://www.rcdc.co.in/blogs/e-commerce-from-india-context-part-1-2
The global e-commerce business generated revenue worth USD 1,042.98 in 2012 and is anticipated to clock a turnover of USD 2,148 billion by 2017, with year-on-year growth rate of 17 percent.
EXPLORING FACTORS INFLUENCING THE ADOPTION OF ONLINE SHOPPING WITH SAUDI ESHO...ijcsit
Information and communication technology (ICT) is currently the key enabler of most fields and sectors. It contributed to improving the field of commerce by advent, the concept of electronic commerce. The advent of e-commerce contributed to improving the commerce field by enabling customers to conduct their entire business transaction via the internet. Accordingly, e-commerce has become an indicator of the economic growth sought by countries in this digital age. One of the common forms of B2C e-commerce is online shopping in which the customer deals with a website and gets a full shopping experience online. The online shopping environment in Saudi Arabia is expected to grow as a result of the development of ICT, the spread of the Internet, the large proportion of the youth population and the rapid trend of online markets around the world, and in Saudi Arabia in particular. However, it is still immature, and the adoption of online shopping with Saudi e-shops in specific is less than expected. Therefore, this study seeks to explore the factors influencing the adoption of online shopping by females with Saudi e-shops. This study adopted a qualitative methodology, as data were collected by conducting thirty semi-structured interviews with Saudi females and analyzed through applying Thematic Analysis (TA) method using a software tool (NVivo). As a result, the study reported thirteen factors influencing Saudi females to adopt online shopping with Saudi eshops. Those factors were classified under six main themes: products-related factors, logistics-related factors, customer service-related factors, payment-related factors, technology-related factors, and culturerelated factors. Based on the study’s findings, the researcher reported the study contributions and future research recommendations in conclusion.
Disruption in the Retail Industry Through the Lens of B2B Retail Tech StartupsYogananth Gopalakrishnan
When every Startup innovation claims to be disruptive, disruptive loses its meaning. Most of what is claimed to be disruptive is really just an incremental innovation with a large dose of hubris.
Pic Courtesy: Boston Consulting Group [BCG]
The global e-commerce business generated revenue worth USD 1,042.98 in 2012 and is anticipated to clock a turnover of USD 2,148 billion by 2017, with year-on-year growth rate of 17 percent.
EXPLORING FACTORS INFLUENCING THE ADOPTION OF ONLINE SHOPPING WITH SAUDI ESHO...ijcsit
Information and communication technology (ICT) is currently the key enabler of most fields and sectors. It contributed to improving the field of commerce by advent, the concept of electronic commerce. The advent of e-commerce contributed to improving the commerce field by enabling customers to conduct their entire business transaction via the internet. Accordingly, e-commerce has become an indicator of the economic growth sought by countries in this digital age. One of the common forms of B2C e-commerce is online shopping in which the customer deals with a website and gets a full shopping experience online. The online shopping environment in Saudi Arabia is expected to grow as a result of the development of ICT, the spread of the Internet, the large proportion of the youth population and the rapid trend of online markets around the world, and in Saudi Arabia in particular. However, it is still immature, and the adoption of online shopping with Saudi e-shops in specific is less than expected. Therefore, this study seeks to explore the factors influencing the adoption of online shopping by females with Saudi e-shops. This study adopted a qualitative methodology, as data were collected by conducting thirty semi-structured interviews with Saudi females and analyzed through applying Thematic Analysis (TA) method using a software tool (NVivo). As a result, the study reported thirteen factors influencing Saudi females to adopt online shopping with Saudi eshops. Those factors were classified under six main themes: products-related factors, logistics-related factors, customer service-related factors, payment-related factors, technology-related factors, and culturerelated factors. Based on the study’s findings, the researcher reported the study contributions and future research recommendations in conclusion.
Disruption in the Retail Industry Through the Lens of B2B Retail Tech StartupsYogananth Gopalakrishnan
When every Startup innovation claims to be disruptive, disruptive loses its meaning. Most of what is claimed to be disruptive is really just an incremental innovation with a large dose of hubris.
Pic Courtesy: Boston Consulting Group [BCG]
Globally internet has changed the way in which businesses were performed traditionally. Developed countries have benefited from implementing e-commerce. But, in case of emerging economies like India the adoption of e-commerce has been very slow due to challenges posed by a number of barriers. In India, though the large corporations have adopted e-commerce and successfully explored the business opportunities, the small and medium enterprises (SMEs) are yet to benefit from adopting e-commerce. This presentation reflects on the barriers that the SMEs face in India in process of adoption of e-commerce. It analyses both the external and internal factors that affect the adoption of e-commerce. In the end recommendations are also mentioned.
The Fintech industry which is the backbone of all economies has also been impacted because of Covid. What are the implications of Covid to an important sector?
Demographics and socio-economic classes (across gender, rural/urban, income groups)
Type and nature of internet usage (content consumption, service transactions, product transactions, etc.)
Source: Cases study done by Google & its research partner
Assignment on E Commerce , Security & CybercrimeAl Imran
Why Digital Marketing is important in e-commerce business?
Are E-Business and E-governance are relate to each other?
Cyber threats in today's cyber_world.
Copyright Notice:
This presentation is prepared by Author for Perbanas Institute as a part of Author Lecture Series. It is to be used for educational and non-commercial purposes only and is not to be changed, altered, or used for any commercial endeavor without the express written permission from Author and/or Perbanas Institute. Appropriate legal action may be taken against any person, organization, or entity attempting to misrepresent, charge, or profit from the educational materials contained here.
Authors are allowed to use their own articles without seeking permission from any person, organization, or entity.
The Internet of Things: A Prime Opportunity for Merchant AcquirersCognizant
For merchants, the Internet of Things’ vast connectivity makes it easy for consumers to purchase within an environment that is intuitive, familiar and comfortable. For acquirers, there is the opportunity to provide various interfaces for accepting payments from all connected touchpoints -- creating an omnichannel experience for customers.
Blockchain Adoption in the Automotive IndustryNetscribes
Over the last few years, breakthroughs in blockchain tech have infused some of the most revolutionary and exceptional upgrades to processes across various industries. This growing impact of blockchain on different industries has risen the confidence of stakeholders and in turn egging them on to focus on use cases that seemed complex before. Spotting the potential of blockchain and opportunities it opens up, legacy auto majors have begun adopting this emerging tech to remain competitive as well as relevant in future market scenarios.
Current blockchain solutions for the automotive industry range from mobility services to data monetization. Among these solutions, BC seeks to answer challenges posed in the insurance, the marketplace economy as well as the vehicle autonomy spaces to further bridge the ever narrowing distance between consumers and producers.
This report includes a comprehensive analysis of the adoption of blockchain tech in the auto industry and also highlights the major trends and opportunities across the ecosystem.
To purchase the full report, write to us at info@netscribes.com
Visit www.netscribes.com
Payment processing technology advances to allow businesses to process payments in a convenient, fast and reliable manner for all parties involved.
These payment trends should be in the radar of all business to stay ahead of payment processing innovation and offer the best solutions.
https://www.chetu.com/payments/billing.php
apidays LIVE New York 2021 - Monetizing on Data-led customer actions in the A...apidays
apidays LIVE New York 2021 - API-driven Regulations for Finance, Insurance, and Healthcare
July 28 & 29, 2021
Monetizing on Data-led customer actions in the API economy
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Demystifying The Growth Of E - Commerce In India - An Analysis By CouponzGuruCouponzGuru.com
This is an analysis of the E-Commerce growth in India starting from 2010. We at CouponzGuru, have to tried to demystify the story and journey of Indian E-Commerce Eco System in this presentation.
Globally internet has changed the way in which businesses were performed traditionally. Developed countries have benefited from implementing e-commerce. But, in case of emerging economies like India the adoption of e-commerce has been very slow due to challenges posed by a number of barriers. In India, though the large corporations have adopted e-commerce and successfully explored the business opportunities, the small and medium enterprises (SMEs) are yet to benefit from adopting e-commerce. This presentation reflects on the barriers that the SMEs face in India in process of adoption of e-commerce. It analyses both the external and internal factors that affect the adoption of e-commerce. In the end recommendations are also mentioned.
The Fintech industry which is the backbone of all economies has also been impacted because of Covid. What are the implications of Covid to an important sector?
Demographics and socio-economic classes (across gender, rural/urban, income groups)
Type and nature of internet usage (content consumption, service transactions, product transactions, etc.)
Source: Cases study done by Google & its research partner
Assignment on E Commerce , Security & CybercrimeAl Imran
Why Digital Marketing is important in e-commerce business?
Are E-Business and E-governance are relate to each other?
Cyber threats in today's cyber_world.
Copyright Notice:
This presentation is prepared by Author for Perbanas Institute as a part of Author Lecture Series. It is to be used for educational and non-commercial purposes only and is not to be changed, altered, or used for any commercial endeavor without the express written permission from Author and/or Perbanas Institute. Appropriate legal action may be taken against any person, organization, or entity attempting to misrepresent, charge, or profit from the educational materials contained here.
Authors are allowed to use their own articles without seeking permission from any person, organization, or entity.
The Internet of Things: A Prime Opportunity for Merchant AcquirersCognizant
For merchants, the Internet of Things’ vast connectivity makes it easy for consumers to purchase within an environment that is intuitive, familiar and comfortable. For acquirers, there is the opportunity to provide various interfaces for accepting payments from all connected touchpoints -- creating an omnichannel experience for customers.
Blockchain Adoption in the Automotive IndustryNetscribes
Over the last few years, breakthroughs in blockchain tech have infused some of the most revolutionary and exceptional upgrades to processes across various industries. This growing impact of blockchain on different industries has risen the confidence of stakeholders and in turn egging them on to focus on use cases that seemed complex before. Spotting the potential of blockchain and opportunities it opens up, legacy auto majors have begun adopting this emerging tech to remain competitive as well as relevant in future market scenarios.
Current blockchain solutions for the automotive industry range from mobility services to data monetization. Among these solutions, BC seeks to answer challenges posed in the insurance, the marketplace economy as well as the vehicle autonomy spaces to further bridge the ever narrowing distance between consumers and producers.
This report includes a comprehensive analysis of the adoption of blockchain tech in the auto industry and also highlights the major trends and opportunities across the ecosystem.
To purchase the full report, write to us at info@netscribes.com
Visit www.netscribes.com
Payment processing technology advances to allow businesses to process payments in a convenient, fast and reliable manner for all parties involved.
These payment trends should be in the radar of all business to stay ahead of payment processing innovation and offer the best solutions.
https://www.chetu.com/payments/billing.php
apidays LIVE New York 2021 - Monetizing on Data-led customer actions in the A...apidays
apidays LIVE New York 2021 - API-driven Regulations for Finance, Insurance, and Healthcare
July 28 & 29, 2021
Monetizing on Data-led customer actions in the API economy
Anna Gong CEO & Founder at Perx Technologies
Demystifying The Growth Of E - Commerce In India - An Analysis By CouponzGuruCouponzGuru.com
This is an analysis of the E-Commerce growth in India starting from 2010. We at CouponzGuru, have to tried to demystify the story and journey of Indian E-Commerce Eco System in this presentation.
This presentation gives detailed and in depth Analysis of E-Commerce Industry in India. It has been made by integrating latest available data regarding this industry on various websites which are trustworthy. This is for educational purpose only. Hope you will find it helpful.
E-Commerce in India: Evolution, Growth and ChallengesAshraf Engineer
The report shines a flashlight into the India e-commerce story, detailing how the industry has grown on the back of a fast-multiplying internet population to cross an estimated $10 billion in sales.
It examines how e-commerce is changing the way many Indians are shopping and impacting how businesses function, opening up a world of lower prices and choices and creating wealth for entrepreneurs.
The report also offers insights into the sectors that have made optimum use of this business tool, and details the challenges (payments, logistics, cyber security) and the opportunities (rise of facilitators such as credit and debit cards, growing aspirations of a young market).
The future of E-commerce in India and it's key driversKantinath Banerjee
In this article i am discussing about the near future of Indian E-commerce industry and the certain changes that are on the cards.#Internet #onlinemarketing #digitalmarketing #onlineadvertising #socialmedia #clickandbrick #onlineretail #flipkart #google #paidadvertising
Electronic copy available at httpssrn.comabstract=2161742.docxtoltonkendal
Electronic copy available at: http://ssrn.com/abstract=2161742
Electronic Commerce Business Models:
A Conceptual Framework
By
Utkarsh Majmudar
Ganesh N. Prabhu
July 2000
Please address all correspondence to:
Prof. Utkarsh Majmudar
Visiting Faculty (Finance & Control Area)
Indian Institute of Management
Bannerghatta Road
Bangalore - 560 076
India
Fax: (080) 6584050
E m a i l ! utkarsh&qimbxmeUn
Copies of the Working Papers may be obtained from the FPM & Research Office
Electronic copy available at: http://ssrn.com/abstract=2161742
Electronic Commerce Business Models: A Conceptual Framework
Utkarsh Majmudar and Ganesh N. Prabhu
Abstract
The recent boom in the new economy of internet based commerce has created a large
number of firms with a variety of business models that aim to leverage the power of the
internet to further their business goals. In this paper we attempt to provide a
conceptual framework for understanding e-commerce business models on a number of
important dimensions - nature of consumer activity, nature of e-commerce activity,
target customers, targeting strategy, revenue generating modes, procfactfcerwce
delivery modes, payment collection modes, operating modes, market places,
advantage mechanisms and domination characteristics. We also examine means of
improving value proposition and net-friendliness for e-commerce activities and identify
areas where e-commerce models have not been explored or fully exploited so far.
Since the range of economic activities on the internet is vast and growing, newer
models and opportunities are likely to emerge through improvements in internet
technologies as well as innovations in their application to business contexts. Hence
any conceptual framework on e-commerce business models, including our own, can
never be comprehensive.
Electronic Commerce Business Models: A Conceptual Framework - 1 -
Electronic copy available at: http://ssrn.com/abstract=2161742
Electronic Commerce Business Models: A Conceptual Framework
Introduction
The recent boom in the new economy of internet based commerce has spawned a large
number of firms with a variety of business models that aim to leverage the power of the internet to
further their business goals. This paper provides a conceptual framework for understanding these
business models and their characteristics. The conceptual framework is shown in Figure 1.
Locating Electronic Commerce in the Internet Economy
We define electronic commerce as use of the internet medium for conducting economic
transactions. Electronic commerce is a part of a larger internet economy. Conceptually, the internet
economy can be divided into four layers (Barua etal., 1999). Each layer of the internet economy is
listed below with descriptions of the types of companies and names of some of the actual companies in
each category.
(a) Layer One: The Internet Infrastructure Layer. This layer includes companies with products and
services that help cr.
Discusses Latest Trends in the Payments Industry from a global perspective. Starts with the increase in digital payments to the the need for banks to re-look at how they approach compliance to REgTechs to Regulatory Sandbox to Open API to Security and Authentication
Digital Transformation for Utilities: Creating a Differentiated Customer Expe...Cognizant
Utilities stand to reap large gains in customer-service efficiencies and user experience satisfaction by adopting a mobile-centric approach with apps that cover a wealth of transactional and engagement features.
This presentation explores what future of commerce may look like given the current trends in mobile devices, digital payments, social commerce and security including tokenization and new forms of identity verification
Thailand will lead a national development strategy, Thailand 4.0 as sustainability grow, with the digital industry as one of the development strategies. Thailand is one of the high ranks of the internet users.
Facebook-BCG Report on the impact of digital in the Financial Services IndustrySocial Samosa
India is on the cusp of a digital
revolution. With rising internet and
smartphone penetration, the digital
DNA of India is rapidly changing.
The first 100 million ‘digital Indians’
were largely men, millennials and
metro based. However, with higher
adoption among women, lower tier
cities and older age groups, the face of
an average internet user is changing.
They are also engaging in mature
activities, going beyond search and
social networking to online shopping
and banking. In 2013, only 7% urban
internet users with digital age less than
2 years adopted online shopping. This
grew more than four fold in four years.
A similar trend has been seen in online
banking as well.
Also, with increasing smartphone
penetration, the way consumers are
accessing internet is changing. In
2013, only 44% of urban population
preferred mobile for internet access,
but now almost 3/4th prefer mobile.
Find More Case studies at - https://www.socialsamosa.com/category/indian-social-media-case-studies/
Early Stage Fintech Investment Thesis (Sept 2016)Earnest Sweat
Here is an example of a personal investment thesis that I created to share with venture capital firms. In this example, I provide my personal perspective on the fintech sector. For details on how I build this thesis check out my blog (https://goo.gl/CU4Qid).
Note: Some of the confidential information has been redacted for privacy.
A brief description on the various ecommerce business models, stakeholders and challenges, including fraud risks and success factors. Published in 2017.
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
An introduction to the cryptocurrency investment platform Binance Savings.Any kyc Account
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Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
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Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
[Note: This is a partial preview. To download this presentation, visit:
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
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E commerce from india context
1. E-Commerce from India Context
Presented by: Elamurugu Sundararaj
Title: Director
Company: Raj Competency Development Center
Website: http://www.rcdc.co.in
3. Types of E-Commerce
Definition:
1.Commercial transaction through a network
enabled medium is known as Electronic
Commerce.
2.E-commerce is the use of electronic
communications and digital information
processing technology in business transactions to
create, transform, and redefine relationships for
value creation between or among organizations,
and between organizations and individuals.
http://www.rcdc.co.in
4. Types of E-Commerce
• B2B: Business buying products / services from another business. Example:
Manufacturing units to Dealers
• B2C: Consumer buying products / services from Business. This form is
becoming popular now after amazing success by Flipkart, Amazon etc
• C2B (Consumer-to-Business) Consumers directly posting or publishing
requirements in a network medium and the business bid for it. Example:
Furniture requirement postings, Home purchase etc.
• C2C: Consumer buying products / services from another consumer.
Classifieds business for example, will fall into this category. Companies like
MyHome-MyNeeds.com are operating in this business space.
• M-Commerce: Mobile Commerce is the niche market which further
facilitates the commercial transaction on the fly, since the business is
done thru hand-held devices with wireless network. This takes all the
above formats. People say it is a subset of e-commerce.
http://www.rcdc.co.in
5. Government Participation
• B2G: Government Tenders, Auction Notices
are digitalized and business bid for them. This
can bring transparency in Order Selection and
Execution.
• C2G: Government can directly reach citizen
without any middlemen or offices to disperse
its schemes, subsidiesm etc.
http://www.rcdc.co.in
6. Population Spread
As we look at the geo-
spread, nearly 8% of India
population, with each
5million people are living in
the tier1 cities and much of
e-commerce transactions
happening here.
Approximately around 4% of
population from 32 cities,
with an average of 2.5
million each are
participating in this market.
That sums up to the range
of 25% to 30% of 1.2 billion
people who are the active
customers in e-commerce
space.
http://www.rcdc.co.in
This is the census data as of 2011 and geo analysis done by Forester Research.
7. Internet Usage
http://www.rcdc.co.in
As we see the present
and projected and
planned usage is getting
increased by multi-fold.
As per the projection
given by TRAI, by 2020,
there will be an
estimated internet users
of 600 million with
minimum of 2MBPS data
speed. This target seems
to be quite realistic with
the advent of 4G in place.
8. Internet Usage Classification
http://www.rcdc.co.in
People get into internet for various purposes -
Entertainment, to play games, listen to music
or movies etc
To communicate with others, be it text chat
or video chat or send mails etc
To avail any online services such as
scheduling appointment or to use
Government services and schemes etc
Here comes the next big thing - eCommerce.
As we look at the data, the % of current
usage and the estimated future usage for
commercial transactio is more than 60%. But
the reality has surpassed all estimates and is
now more than 100%.
People use it for Social Networking like
Facebook, Twitter etc
To avail and record for Financial purposes
like tax paying, Insurance claim, Utility Bill
pay etc
Other important sector, which could be the
next major sector is about integrating and
addressing all Rural needs such as Agri, loans,
subsidies etc. Since this works out at the
municipal or rural level, government
initiatives are already underway.
9. Market Spread
Today, online ticket booking is the
major sector in eCommerce, which
takes the lion share of 71% from
overall market primarily because of
time saving, convenience to search,
compare and reserve, friendly
cancellation policies, acceptance of
e-tickets by operators, associated or
add-on facilities like hotel booking
etc make this segment more
attractive.
The next major segment is eTailing.
Online product purchase is fast
picking up.
6% of online eCommerce users use it
for Tax filing, Insurance, Share
trading, utility bill pay and banking
etc
The classifieds business takes the
next big share from this market.
Miscellaneous services like
scheduling appointment,
government schemes etc takes
remaining portion of it.. http://www.rcdc.co.in
10. The Future - Advantages
Advantages of E-Commerce
– Reduction of transaction costs such as:
• Logistics
• Intermediaries
– No Queue and No wait time
– Elimination of trade barrier, location divide.
– Price Consolidation. Since the buyers can cost compare,
the price variation will come down significantly.
– Employment Generation
– Government Initiatives
http://www.rcdc.co.in
11. The Future - Challenges
Consumer perspective:
• Credibility as the market is yet to mature. This problem is
more acute in service sector due to reliability of people.
• No defined or systematic way for product returns or payment
refunds in case of defects.
Business perspective:
• Availability of skilled resources and high attrition rate
• Risk of fraud and cyber issues
• Order fulfillment
• Cost of Advertisement or Reach is high with the thin margin.
This poses threat on Business scale-up and sustenance issues.
http://www.rcdc.co.in
12. Conclusion
• Both planned and ad-hoc purchases make this segment lucrative.
Convenience of order booking at one place and deliver at another place
without worrying on logistics, package and time (the Gift sector, for
example) make this market further attractive.
• Accelerated usage of Smart phones, gradual adoption or transition of pay
wallets, for example paytm.com, e-money will trigger this market move
upwards.
• Vast amount of data getting generated on the consumer preference and
spend power which in turn opens up other niche business segments such
as Analytics using BigData etc.
• Warehouses will be much more decentralized. The inventory control
might become a challenge due to demand volatility and competition
pressure.
• As the usage becomes more common and awareness increases, the
businesses will be interfacing with one another through tested API’s so as
to provide an integrated shopping experience.http://www.rcdc.co.in
13. Thank You
Presented by: Elamurugu Sundararaj
Title: Director
Company: Raj Competency Development Center
Website: http://www.rcdc.co.in