21BCS8135 (Shubham Kumar) Project Review Paper Semester 5
21BCS8135 (Shubham Kumar) Project Review Paper Semester 5
21BCS8135 (Shubham Kumar) Project Review Paper Semester 5
Introduction
E-commerce has grown at an exponential rate during the unprecedented outbreak of the
COVID-19 (Barnes, 2020; Sheth, 2020). Many companies, including small businesses
have recognized the potential of selling their products through the Internet. COVID-19
has accelerated the shift towards a more digital world (Sheth, 2020). It led to the
expansion of e-commerce transactions, ranging from luxury goods and services to
everyday necessities. E-commerce has increased across different product categories
during the pandemic. More online users are using digital and mobile technologies to
search about products or services.E-commerce means E-commerce. This includes dealing
with goods and services via the electronic media and the Internet. E-commerce includes
the use of the Internet and the use of information technology such as Electronic Data
Interchange (EDI), to run a business. E Commerce refers to a vendor's website on the
Internet, which sells products or services directly from the network to the consumer. The
platform uses a digital shopping cart or digital shopping basket system which makes
payment by credit card and debit card (transfer of electronic funds) [1].
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A more detailed definition is: e-commerce is the use of electronic communications and
digital information management technologies in business transactions to establish, turn,
and redefine value-creating relationships between organisations and between individuals
[2].The main types of electronic commerce are:
business-to-business (B2B); business to- consumer (B2C); business-to-government
(B2G); consumer-to-consumer (C2C); and mobile commerce (m-commerce); E-
Commerce Facilitators [3].With the increasing spread of ICTs, specifically the Internet,
the global corporate world pushes rapidly into e-commerce (Business-to-Business). As
the Internet enables consumers to enter the global economy, they can compare prices
across areas, find out how they vary by request, and become aware of substitution. The
buyers obtain a distinct advantage. Thanks to market openness, consumers can
conveniently compare e-commerce offerings from different websites. The rivals would
immediately be one click away from the customer if the company is electronic. If
consumers aren't comfortable with certain e-goods, content's pricing or services.
t:- E-commerce has grown through huge penetration of the internet. The Internet and
intelligent mobile telephones have literally been part of every life. Internet no longer
carpenters, physicians etc. can buy, read, communicate and even receive service. The supply
chain is slender and intelligent, as digital networks can quickly link to customers, which
greatly minimizes pollution and benefits green businesses. In the last 15 years, the ICT
revolution has powered the economy unprecedentedly. The Internet and its services have
helped grow new markets with huge technological advancements. In the 1980s the
population of internet users was small, and there was a gradual but steady increase until
1994 when the number of test users was growing. The number of network users exploded
with the advent of the World Wide Web and later the expansion of multimedia content. The
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internet has in turn evolved even quicker than any other previous medium. The United
Nations International Telecommunication Union (ITU) recently forecast 3.2 billion users
online in 2015.
that authorizes e-business, online retailers, bricks and clicks, or conventional brick and
mortar payment by credit card. Payment routes consisting of credit card, debit card, online
banking transfers, electronic funds transfer are the life blood of online business.
The environment is changing from cash to digital money and so payment gateways are
required
for
sustainabl
e future e-
commerce
As w e all know, internet and e -commerce are entirely committed towards every developed
country. But we think it can be accomplished and can make a remarkable benefit to
developing countries also if an ideal business purpose can be made. [4] E-commerce is a
revolution & turning point in online business practices and can make a huge contribution to
the economy and [5] also indicated that currently, e-commerce organizations have
increasingly become a fundamental component of business strategy and a strong catalyst
for economic development.
A huge amount of research works has been done on e-Commerce which is basically on online
shopping. A large group of researchers has found out and also pointed out the necessity and
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possibilities of Online Shopping. On the other hand, limitation of e- commerce is found and at
the same time, they provided essential suggestion and came to a prediction to make Online
Shopping more useful for the consumers. But the contribution of traditional marketing is also
inescapable but compare to online shopping it is less effective we think. So on this basis found
out distinguish between online marketing & traditional marketing. Though most of the people of
India especially the rural people are not enough capable of operating internet to run the online
business. For that reason, they need to be dependent on traditional marketing
The major challenges faced by the buyer and the seller which carrying out business transactions
through website are as follows:-Now Private and Public organization work separately but if they
do business jointly, the e-commerce business will be developed flourishing in near future.
As we know that most of the e commerce website don’t have proper Cyber security for this their
system is not reliable & secure. If the website is hacked, the consumer will lose their money as
well as the marketer too .In developing countries like India there is a tradition of buying goods or
products by bargaining price with the seller but in e-commerce, it is quite impossible.
Another biggest challenges is to make a low price of the internet and cutting down the short
ranged validity or expiry date. The authorities spreads high cost of internet which should be
stopped. Lack of quality trainer to teach the e commerce knowledge. Lack of Government laws,
rules and
regulations.
Comfort: If we need any household commodities or even anything, we can get it by sitting at
home on the click of our finger on the internet:-Time-saving: By using e-commerce sites, there
is not a chance of waste of time and with the help of online order, our necessary product will
be delivered to our address. Options, options, and options: Without visiting outside from one
store to another, the consumer can simply compare goods products or commodity .We can see
who offers low price for Standard & branded goods and can have more option to choose from
the websites. Easy to compare: When the marketers place their products to the website, they
make a lucrative description of these products to compare them with other products, to let the
consumers know that they have the best option and come back for more.
Coupons and deals: Some online business company makes offers that we can’t refuse. Some
major sites sometimes offer up to 80% of discount. 24/7, 365 days: if it’s holiday or rainy or
sunny or the road is blocked by any reason, the businessman should not be worry for his
business because the door of this market is always open & the profit will go rising every single
day.
• To analyze the present infrastructure of e-commerce in India To know the major types of e-
commerce.
• To identify the advantages & disadvantages of e-commerce.
• To know the challenges and limitation in e-commerce in India.
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• To identify the motivation factors and recommendation for future development in India for online
shopping.
1. DFD 0 Level :
R
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s
e
a
r
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M
ethodology
Our study, being conceptual in nature, raises a number of opportunities for future
research, both in terms of theory development and concept validation. More
empirical research will in fact and necessary to refine and further elaborate findings
in the area of e-commerce.
The study is an eye opener for the researchers who have ample interest in E-
commerce.
This review paper will offer them the leads towards the better understanding of the
key variables of the recent E-commerce platform that is revolutionizing the
business.
India’s social commerce has a potential to expand to US$ 16–20 billion in FY25,
at a CAGR of 55-60% with a potentially monumental jump to US$ 70 billion by
2030, owing to high mobile usage. India's e-commerce order volume increased by
36% in the last quarter of 2020, with the personal care, beauty & wellness
(PCB&W) segment being the largest beneficiary. Driven by beauty and personal
care (BPC), India's live commerce market is expected to reach a gross merchandise
value (GMV) of US$ 4-5 billion by 2025.
Online penetration of retail is expected to reach 10.7% by 2024 compared with
4.7% in 2019. Moreover, online shoppers in India are expected to reach 220
million by 2025. According to a report published by IAMAI and Kantar Research,
India internet users are expected to reach 900 million by 2025 from ~622 million
internet users in 2020, increasing at a CAGR of 45% until 2025.
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In India Major cities for e- commerce are:
Karanataka
Delhi
Maharashtra
Tamil Nadu
Andhra Pradesh
Conclusions
References
5. [5]Hasan, A.H.M., Saidul, Baten, M.A., Kamil, A.A & Parveen, S. (2010).Adoption of
Ebanking in Bangladesh: An exploratory study. African Journal of Business Management,
Vol. 4(13), 2718-2727.
6. Laudon, Kenneth C., and Carol Guercio Traver. E-commerce. Boston, MA: Pearson, 2013.
8. Ullah, Syed Emdad, Tania Alauddin, and Hasan U. Zaman. "Developing an E-commerce
website." In 2016 International Conference on Microelectronics, Computing and
Communications (MicroCom), pp. 1-4. IEEE, 2016.