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What is E-commerce, Its importance and how it will change your business

The term e-commerce refers to the sale of goods and services over the internet by setting up an online store. It is an important part of the internet economy. In 2020, e-commerce sales worldwide reached 4.28 trillion US dollars and are projected to grow to 5.4 trillion US dollars in 2022. Globally, e-commerce online sales are projected to grow from 16.2 billion US dollars in 2015 to 20.4 billion US dollars in 2020 . The online marketplace is no longer just the domain of large retailers; millions of small and medium-sized businesses are now setting up online business to sell their products through their websites.

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