As per the published report of Internet and Mobile Association of India (IAMAI) on E-commerce sector in India, a rapid growth of around 50% is expected in the next 5 years. This expansion mainly inspired by the continuous rise in the online travel business in India. It has been noticed that online travel sector increases around 76% to the entire E-commerce market today.
Apart from travel industry, digital downloads and e-tailing industry that encompasses purchases of home & kitchen appliances, electronic items and personal items like jewelry & apparel will register a expansion by 62% severally by the month December 2012.
The Digital downloads industry is hoped-for rising in Indian E-commerce sector because of the outset of mobile devices available on net. Financial sectors which encompasses insurance, online transactions and online classifieds like jobs & matrimonial are also likely to rise in near future. According to a statement released by the Internet and mobile Association of India (IAMAI), the whole E-commerce market stood at Rs 46,520 crore in 2011.
Due to evolution in online marketing, the entire E-commerce sector in India is hoped-for climbing in near future. In India, everybody has shown their interest and concern both to make online shopping and are actively participating in online market. This confirms the attainment and bright future of E-commerce sector in India. Listed below are the reasons that guarantee. The future prospect of E-commerce in India certainly depends on these factors.
The outset of the internet in India with minimal cost of broadband facilitates the following factors:
Enhancing domain registrations
Rising internet users
Easy access to internet
Awareness about internet even in rural areas
Rising number of cyber cafes
Growing need for E-commerce