Ecommerce Market Can Attain New Heights In India

Recent years have seen a remarkable transformation in the way business is being done, with on-line stores replacing brick and mortar shops. There is a mammoth transformation in the way business deals are executed with E-commerce ware rising high. The E-Commerce business in the third world countries are still to hit the crest of the wave and it can be the perfect time for various busines to move on cloud with and E-Commerce store for their business.

India is one of the countries that is witnessing a exponential growth in the e-commerce market as more and more business are moving to clound. Business analysts and market research companies is foreee this market to attain new height in near future. The E-Commerce market is anticipated to grow from $2.9 billion to $100 billion market by 2020.

A market research company Morgan Stanley , anticipates the Indian internet market to gain from $11 billion in 2013 and can hit $137 million by end of year 2020 at a CAGR (Compound Annual Growth Rate) of 43%. The market capitalization of these internet businesses could touch $160-200 billion from the $4 billion at present.

The essence of e-retailing is in its ability to transcend physical boundaries and reach customers in a manner different from the traditional brick-and- mortar stores, to their very doorstep. However, the base of the e-retailing model is technology and logistical solutions that facilitates the customer acquisition and the final ‘reach’ process. E-commerce further brings to the table vagaries in customer orders accompanied with difficult scenarios such as free delivery, order rescheduling, cancellation, returns and cash-on-delivery.

Moving Online with E commerce Stores.

This growth on ecommerce market in India has also opened up new avenues for various ecommerce software developing and designing companies. The price for developming and deplyoing and ecommerce stores can depends on the features opted. Cost for any e commerce website can start from Rs 50,000 is done by professional companies, though there are many open sourced E commerce software that can be deployed at much cheaper cost, but one should always rement if you are aiming bigh youy should hava a strong foundation. It is advisable to have a high end ecommerce software with proper backup support, as many open source free ecommerce softwares are flooded with bugs and can bring down you business and brand name.