a brief history of ecommerce -...

A brief history of eCommerce

The buying and selling of goods and services on the Internet began slowly, but as digital payments became easier, faster and more secure the trend evolved quickly. This year, eCommerce is expected to account for nearly $2 trillion in sales and is growing at 4X the rate of traditional commerce. Let's take

a trip through time to witness the exponential growth of eCommerce.

Sources1 / pertechindustries.com/a-brief-history-of-ecommerce/

2 / pertechindustries.com/a-brief-history-of-ecommerce/

3 / money.howstuffworks.com/history-e-commerce1.htm

4 / money.howstuffworks.com/history-e-commerce1.htm



7 / internetretailer.com/2009/02/26/the-history-of-e-commerce

8 / nformationweek.com/archives.asp?newsandcommentary=yes


10 / emarketer.com/Article/How-Millennials-Shop-Online/1010031, DDB worlwide survey


12 / Mobile e-commerce is here to stay. Is your business ready to take advantage? Inc.com, Jan, 5, 2015, inc.com/dan-leberman/mobile-ecommerce-is-here-to-stay-is-your-business-ready-to-take-advantage.html,

13 / Two-thirds of top e-retailers pull consumers in with push notifications,” Internet Retailer, May 7, 2014, internetretailer.com/2014/05/07/two-thirds-top-e-retailers-use-push-notifications,

14 / emarketer.com/Webinar/Key-Trends-Ecommerce/4000100

15 / investor.visa.com/news/news-details/2014/Visa-Introduces-Visa-Checkout-to-Simplify-Online-Shopping-on-Any- Device/default.aspx



18 / blog.bigcommerce.com/ecommerce-trends-what-the-history-of-selling-online-means-to-your-store-today/



21 / “E-commerce trends from 2014 to 2015” Divante Business Services, Jan.7, 2015, slideshare.net/divanteltd/ecommerce-trends-from-2014-to-2015

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CompuServe launches the first comprehensive electronic commerce service, Electronic Mall, which allowed users to make direct purchases from 110 online merchants.1

Amazon.com and eBay are founded.5 VeriSign begins to develop digital certificates that verify the authenticity of online businesses, later switching its focus to keeping eCommerce servers encrypted and secure.4

The first web browser, WorldWideWeb, is created by Tim Berners-Lee.2

1984 1990

Apple launches iTunes store. Online-only retailer NewEgg reaches $1 billionin sales within five years of launching.7

2003 2006

2010

eCommerce global annual sales top $1 trillion.9

Groupon secures the largest IPO since Google.

2012

1995 1995

First Virtual and CyberCashwere launched as some of the

earliest third-party servicesfor processing online

credit card sales.3

Alibaba Group is established in China.6

In a survey, 40% of males and 33% of females in the 18-34 age group say that they would ideally buy everything online.10

Online retail sales increase by 17% to reach

$204 billion annually.8

2014 2014

2014

2015

2015

2018

2015

eCommerce is the fastest growing segment in retail, and 82% of the top100 e-retailers have a mobile app.13

Visa Checkout launches and streamlinesonline purchasing by making an online

transaction as quick and simple as the swipeof a card. Participating retailers include NeimanMarcus, Pizza Hut, United Airlines, Ticketmaster,

and Wine Enthusiast.

The majority (55.6%) of all retail sales are digitally influenced.16

In Q1 2014, 47% of total eCommerce spending in the U.S. involved theuse of a Visa product.15

Mobile commerce is expected to reach $1 trillion.20

eCommerce sales are expected to increase by 14.2% and reach $2 trillion.18

mCommerce is projected to grow 32% year-over-year, and account for 22% of yearly eCommerce sales.19

$1,000,000,000

$1,000,000,000,000

$1,000,000,000,000

$

$

$4000 1234 5678 9010

VISA CARD

55,6%

47%82%

$

1994/1995

$

40% 33%

x32%

Worldwide B-to-C eCommerce sales are expected to reach $2.36 trillion by 2018.21

$2.36 trillion

Future

14.2%

$

$

$

1999

2008

2013

a brief history of ecommerce -...

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