E-COMMERCE VS TRADITIONAL RETAIL MARKET: HOW ONLINE SHOPPING IS ENHANCING AND TAKING THE DOMINANCE IN THE RETAIL MARKET?
Abstract
Most businesses have been getting digitalized since internet was invented. So shopping is one of business spheres that is influence more by technologies and there was 284% growth in online shopping between 2014 and 2020. After covid-19, this figure has been experiencing stable increase because of addiction to phone and internet. The study explores that the current situation in the e-commerce and what will happen in the future of online shopping. According to primary and secondary research, online retail market will take the leading from traditional retail market with the help of technology in near future.
Downloads
References
Bloomenthal, A. (2024). Ecommerce Defined: Types, History, and Examples. [online] Investopedia. Available at: https://www.investopedia.com/terms/e/ecommerce.asp [Accessed 23 Dec. 2024].
Buck, A. (2024). eCommerce Market Size by Country in 2023. [online] www.mobiloud.com. Available at: https://www.mobiloud.com/blog/ecommerce-market-size-by-country [Accessed 14 Dec. 2024].
Chaudhry, D.N.I. and Farooq, D.A. (2024). The Future of Retail: Trends and Transformations. Review Journal for Management & Social Practices, [online] 1(3), pp.36–45. Available at: https://rjmsp.com/index.php/Journal/article/view/17/28 [Accessed 15 Dec. 2024].
Chava, S., Oettl, A., Singh, M. and Zeng, L. (2022). Creative Destruction? Impact of E-Commerce on the Retail Sector. SSRN Electronic Journal, [online] 48(30), p.48. doi:https://doi.org/10.2139/ssrn.4122806.
Dennis, S. (2018). The Ticking Time Bomb Of E-commerce Returns. Forbes. [online] 14 Feb. Available at: https://www.forbes.com/sites/stevendennis/2018/02/14/the-ticking-time-bomb-of-e-commerce-returns/?sh=3332c5394c7f [Accessed 17 Dec. 2024].
Harris, S.H. (2021). eCommerce Business vs. Traditional Business: What’re The Differences? [online] Print Bind Ship. Available at: https://printbindship.com/ecommerce-vs-traditional-business/ [Accessed 23 Dec. 2024].
Iglesias-Pradas, S. and Acquila-Natale, E. (2023). The Future of E-Commerce: Overview and Prospects of Multichannel and Omnichannel Retail. Journal of Theoretical and Applied Electronic Commerce Research, [online] 18(1), pp.656–667. doi:https://doi.org/10.3390/jtaer18010033.
Kim, R.Y. (2024). The Impact of COVID-19 on Consumers: Preparing for Digital Sales. IEEE Engineering Management Review, [online] 48(3), pp.212–218. doi:https://doi.org/10.1109/EMR.2020.2990115.
Mohdhar, A. and Shaalan, K. (2021). The Future of E-Commerce Systems: 2030 and Beyond. Recent Advances in Technology Acceptance Models and Theories, [online] 335(509), pp.311–330. doi:https://doi.org/10.1007/978-3-030-64987-6.
Ratchford, B., Soysal, G., Zentner, A. and Gauri, D.K. (2022). Online and offline retailing: What we know and directions for future research. Journal of Retailing, [online] 98(1). doi:https://doi.org/10.1016/j.jretai.2022.02.007.
Ruby, D. (2023). 123+ Handy eCommerce Statistics For 2023. [online] DemandSage. Available at: https://www.demandsage.com/ecommerce-statistics/ [Accessed 14 Dec. 2024].
Statista (2021). Topic: Retail market worldwide. [online] www.statista.com. Available at: https://www.statista.com/topics/5922/retail-market-worldwide/ [Accessed 23 Dec. 2024].
Uzunoglu, C. (2024). Global eCommerce market 2024: Top players, market growth & online share | ECDB.com. [online] ecommercedb.com. Available at: https://ecommercedb.com/insights/global-ecommerce-market-2024-size-market-growth-online-share/4784 [Accessed 14 Dec. 2024].
