Future of ecommerce
According to a new study from the Center for Research in Electronic Commerce, This is such a dynamic field. Every day is a new day in the world of ecommerce. We see a lot of things, and looking in the near future, eCommerce will become the industrial revolution of the 21st Century.
Certainly see happening is the decline of the revenue-share business model. EBusiness still has huge untapped potential & continues to grow robustly and hosted providers have revenue-share pricing models.
We personally believe that, over time, we'll see a major decline in the industrial economy, lot of larger merchants, particularly, moving away from those providers because they are not happy and willing to share a percentage of the order value. Most of the ecommerce and shopping-cart web development providers are focused on a more pure-play, Internet based solution. However, as the market consolidates, we think there will be more multi channel integration offerings. Among ecommerce providers, you'll begin to see solutions that target specific verticals that we've probably already seen in the enterprise market. Along the same lines, because the customers and merchants are getting more sophisticated, and they are getting more comfortable with the online commerce world, they are beginning to demand those rich functionalities specific to their vertical and industry.
I see multi language rising into prominence because a lot of the growth in the ecommerce world is coming from abroad. U.S. merchants and North American, English-speaking merchants are looking to expand their market beyond their local country, and they are looking to tap into the world market. They will want to provide their store in a variety of different languages. I see the emergence of mobile commerce. It's beginning to happen. People are getting more and more web savvy when it comes to cell phones. It's more popular in Japan and Europe, but I believe U.S. merchants are likely to incorporate that.
I see the integration with other technologies out there such as social networks, playing a role in the ecommerce world. Social networks can influence the popularity of a product, and the question will be how you can integrate that into your ecommerce offering and make that more engaging?