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Rising Trend Of Online Retailing

Major online marketing efforts and discounts by e-tailers indicate that retail has reached a new age in which e-Commerce and technology behemoths such as Amazon, Alibaba, Apple, Google, and Microsoft have carved out new territory for customer preferences. The online shopping market is expanding due to the proliferation of the internet and the increase in smartphone access.<br><br>Online retailing is largely propelled by India's increasing internet penetration year after year. As per the Global System for Mobile Communications (GSMA), the overall number of online shoppers will hit 92 crores by 2025, resulting in an increase in e-Commerce and m-Commerce. In addition, with the growing penetration of mobile devices, digital payments in India are now on the rise, accounting for 80 per cent of all online transactions. Increasing disposable income and an increase in the Gen Y population are both important factors.<br>

Karamjeet
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Rising Trend Of Online Retailing

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  1. Rising Trend Of Online Retailing G o b a z z a r G o b a z z a r

  2. Major online marketing efforts and discounts by e-tailers indicate that retail has reached a new age in which e-Commerce and technology behemoths such as Amazon, Alibaba, Apple, Google, and Microsoft have carved out new territory for customer preferences. The online shopping market is expanding due to the proliferation of the internet and the increase in smartphone access. Introduction Online retailing is largely propelled by India's increasing internet penetration year after year. As per the Global System for Mobile Communications (GSMA), the overall number of online shoppers will hit 92 crores by 2025, resulting in an increase in e-Commerce and m-Commerce. In addition, with the growing penetration of mobile devices, digital payments in India are now on the rise, accounting for 80 per cent of all online transactions. Increasing disposable income and an increase in the Gen Y population are both important factors. 2 Some main developments that are causing a fundamental change in India's online retailing industry include:

  3. Price Comparison Platforms ▪ With aggressive competition in almost every industry, there’s no doubt that companies keep releasing new features in their products at better prices. For example, if you’re purchasing a tablet, should you purchase from Samsung or Apple? With so many different products, it can be difficult to find the right product. But, with the help of price comparison websites, you can easily compare the features and value of money for each product easily. 4/13/2021 ADD A FOOTER 3

  4. Technology Adoption ▪ Chatbots, video sale, image search, sharing cart, facial recognition payments, and image/voice search innovations have all been part of an online shopping experience in India, as the nation has become an early adopter of global technology trends. Chatbots on corporate websites provide a more customized consumer experience. Product recommender systems and virtual assistants benefit from artificial intelligence (AI) and machine learning (ML). Virtual reality (VR) allows for a more engaging retail experience both in-store and online. Furthermore, the use of blockchain technologies provides digital integrity while also lowering transaction costs. 4

  5. Digital Payments Owing to a lack of confidence and security issues with online payments, cash payments have historically been the most favoured mode of payment in India. Even then, with a sizable young population having mobile access, online wallets are on the rise and are projected to account for 80% of all transactions by 2025. 4/13/2021 ADD A FOOTER 5

  6. Subscription Services Subscription packages are an important way for e-commerce businesses to create a loyal client base. It brings value by bringing potential customers close to their own website. According to business technology trends, tailored subscription platforms will begin to dominate online shopping. Online marketplaces such as Flipkart and Amazon have launched reward schemes in the form of points that can be turned to cash on subsequent orders. Amazon's monthly and yearly subscriptions, known as Prime, improve the consumer experience by including benefits such as first priority for new product releases, quick and free shipping, and many more. 4/13/2021 ADD A FOOTER 6

  7. The Future • Retail's future is largely reliant on online platforms. Other than metros, Tier II and Tier III areas in the metropolitan market has the highest penetration capacity for online consumer goods. The commercial electronics and appliances sector dominates the overall online retailing industry. More consumers are assumed to engage in online shopping in the following years. So, if you’re looking for the best online shopping experience in the UAE, you should consider visiting GoBazzar today. 4/13/2021 ADD A FOOTER 7

  8. Thank you! Gobazzar Phone: Website: Email: +971 4 572 4774 https://www.gobazzar.com/ Info@gobazzar.com

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