Emerging Trends of E-Commerce perspective in Developing Countries

Abstract

In the age of globalization, many countries are now converted into one big economy that is now transforming the global economy through the exposure of web technologies like social media, and e-commerce. All businesses are transformed into information-based operations whereas, there are huge advances in science and technology ushering the change in the field of trade, while modern electronic commerce is currently causing enormous economic upheavals that are affecting all sectors of the economy. Commerce, finance, and marketing are three of the most important professions in the world market when viewed on a global scale which is why E-Commerce and its Impact have been observed in the current business environment.
E-commerce is the practice of conducting business through the Internet with a relatively new concept with the potential to disrupt standard business practices, where it has already impacted major industries such as communications and finance. Electronic commerce plays a vital role in broadening the merges of electronic commerce and business that ushers in a new era of marketing as it provides the opportunity to know and understand customers from a wider perspective. It broadens the scope of the market to include both domestic and foreign marketplaces, ultimately revolutionizing commerce and marketing.
This paper is focused on the new arising factors of e-commerce benefits and obstacles faced in developing countries.