The war between the e-commerce giants Amazon and Flipkart is known to everyone. Both the companies have their own sets of advantages and disadvantages. Each and every person is aware of the quality of service and products provided by these firms. Amazon being an international company faces challenges from the homegrown Flipkart.
Well, the tough race between these companies has led to great discounts and offers for the customers that has helped in the development of the global e-commerce market. The current value of the global e-commerce market is $26 Billions. Seeing the ongoing conditions, it is estimated that the value of the global e-commerce market will be elevated to $103 Billion by the end of 2020. The ability of the e-commerce companies to offer better quality and customer services is the main reason that has led to the development of the global e-commerce market. In addition to this, the race among the e-commerce companies results in different offers and great discount from each of them. This attracts the consumers in great quantity thus increasing the sale of that particular company. Adding more to the list, the growing digitalization is the also helping to propel the global e-commerce market. Rising trend of fashion among the people is also one of the main factors that are boosting the global e-commerce market. These great discounts and offers is also one of the main reasons that have been helping the global e-commerce market to escalate.
Amazon made $136 Billion in 2016 worldwide, which is 18% more than it made in 2015. On the other hand, Flipkart made $300 Million alone in India, which is much more than Amazon when done the math.
Where the above factors are playing an important role in the development of the global e-commerce market, there are some factors that are doing the exact opposite things. Unawareness among the masses in the rural areas is the major reason that is hampering the global e-commerce market.
Well, for now the global e-commerce market seems to have happy days. And we believe that its good days are not yet over, there is still the best to come.