The growth and problems of electronic commerce

Cite Harvard Christian, M. Factors Influencing E-commerce Development:

The growth and problems of electronic commerce

Notes What is E-Commerce? E-commerce is fundamentally World Wide Web-based buying and selling of goods and services.

e-commerce in China and Chinese attitudes towards use technology as a means for commerce. The unstructured section of the questionnaire and the follow-up unstructured interviews were used to further explore and to identify perceptions on positive and negative aspects of e-. between e-Commerce industry and economic growth becomes increasingly important. To clearly analyze the degree of e-Commerce’s impact on economy will be used to find out the advantages and problems in e-Commerce development, adjust the e-Commerce industry structure, make greater and more. The annual growth rate of e-commerce globally has been estimated as high as 28 percent, while some individual countries have much higher growth rates. For example, in India, which has a younger than average market, the e-commerce growth rate has been projected as high as 51 percent. Even in.

Most people see it as the ultimate form of removing the intermediary or go-between also known as disintermediation. The basics of e-commerce can already be found in Electronic Data Interchange EDI that many corporations already use in conducting transactions between many of their suppliers.

Nevertheless, there are many fundamental differences between EDI and e-commerce.

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As these major providers and others offer more Internet-based services, the ability to protect this information may become more difficult.

As businesses increasingly choose to conduct EDI transactions over the Internet and develop e-commerce as well, the very nature of the Internet makes security and reliability real issues.

With the use of substantially less secure transmission media, there will be many technical issues associated with security and reliability that will need resolution.

The growth and problems of electronic commerce

Gertsner remarked in his keynote address [ 1 ] at CeBIT '98 "This is very exciting stuff, and the greatest changes and challenges aren't in the technology. In fact, connecting to the Net is relatively easy. The big challenge is in the fundamental transformation of the way things get done in the world.

That's because networks are great levelers. They dissolve barriers to entry and neutralize traditional assets like physical stores and branches. Networks dissolve the boundaries within and between companies, countries, continents and time zones.

It's not hyperbole to say that the "network" is quickly emerging as the largest, most dynamic, restless, sleepless marketplace of goods, services and ideas the world has ever seen.

• Global e-retail growth rate | Statistic

Some consider digital information highly at risk today. Data can be intercepted by organizations or individuals that will sell it to other parties, alter it, or use it for a variety of purposes. The need for fast and reliable information exchange has certainly fueled the growth of the Internet so far.

If the integrity and confidentiality of information cannot be protected, than to some there is the potential that the Internet can create a great deal of damage. Actually, they are different and distinct, sometimes at odds with each another. When individuals conduct private transactions there is an assumption that personal information is not being divulged to others.

When a transaction is secure, it is thought to be protected from assault or corruption.E-commerce is the activity of buying or selling of products on online services or over the regardbouddhiste.comonic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.

A significant event in the legal regulation of e-commerce in Sri Lanka was the enactment of the Electronic Transactions Act in The objective of this important Act is to facilitate commercial and financial activity by removing barriers to electronic transactions and by preserving the right of.

E-commerce sales in the US totaled over $97 billion during Q2 , representing nearly 16% year-over-year (YoY) growth, according to the US Department of Commerce.

This marked the highest YoY. This timeline shows the retail e-commerce sales growth development worldwide from to In , global e-retail sales grew percent compared to the previous year. That year, retail e-commerce sales accounted for percent of global retail sales.

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FIGURE 1: The Research Model. 5. Implications for Ecommerce in Developing Countries. In developing countries, IT and communication or rather e-commerce growth are substantial.