History of E-commerce started from the invention of the very old concept of "sell and buy”, electricity, cables, computers, modems, and the Internet.
When the Internet was opened to commercial use, E-commerce became possible in 1991.
In the late 1970s the ability to use these technologies appeared and allowed business companies and organizations to send commercial documentation electronically.
It took about four years to develop the security protocols and DSL which allowed rapid access and a persistent connection to the Internet although the Internet began to advance in popularity among the general public in 1994.
In 2000 a great number of business companies in the United States and Western Europe represented their services in the World Wide Web.
The “brick and mortar” retailers recognized the advantages of electronic commerce and began to add such capabilities to their web sites since the dot-com collapse in 2000 led to unfortunate results and many of E-commerce companies disappeared.
The end of 2001, the largest form of E-commerce, had around $700 billion Business-to-Business (B2B) model in transactions.
End of 2007, E-commerce sales continued to grow and E-commerce sales accounted for 3.4 percent of total sales.
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1 comment:
A good start always is an avenue to success. Google has a good start as its history start with the concept of “buy and sell”, which is a concept of trade that must be involved by every human being, therefore Google can be so successful.
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