Internet is a global system used for sharing information, data, content, marketing, offering services globally, for communications, and many more. Sometimes referred as a “network of networks,” the Internet emerged in the United States with the help of Advanced Research Projects Agency (ARPA) in the 1970s, but did not become visible to the general public until the early 1990s. The Internet supports human communication via electronic mail, newsgroups, and audio and video transmission and allows people to work collaboratively at many different locations, and in real time. In addition, easily and instantly available daily updates, and purchase and sale of products and services through the Internet has been steadily paving the way for constant growth of the target market. The Internet has proved to be a spawning ground for a large and growing number of “e-businesses” that conduct most sales and services over the Internet.
- Increasing popularity and preference for E-commerce websites as various products are offered through this channel at more economic or reasonable prices
- Various online channels share product details, reviews, and conduct promotion activities in order to increase product sales through higher and better visibility, and reach out to a larger potential customer base. Many E-commerce websites are focusing on offering products on EMI and No-cost EMI basis to increase revenue and expand customer base.
- E-payments help overcome the complicated and extremely costly process of physically collecting cash payments for a product purchased or sold online. According to a report published by the World Bank, formal banking reaches around 40% of the population on average in emerging markets, as compared to 90% penetration rate for smartphones offering payment options via mobiles (m-payments). This allows easy access to markets and is beneficial to both, consumers and merchants, who would have previously been unable to engage in E-commerce and would not qualify for such services.
- Mobile ecommerce sales are projected to make up to 63.5% of total ecommerce sales this year
- Global mobile E-commerce revenue accounted for US$ 669 Billion in 2018
- Out of 10 shoppers, eight Americans shop online, i.e. 51% shopping with a smartphone
- By 2020, over 3.3 billion users will have virtual assistance on their devices
- Mobile wallets are expected to surpass both credit and debit purchases by 2020
- In-store mobile payments are expected to reach US$ 503 Billion by 2020
- Digital transactions on Cyber Monday (27 November 2017) reached a record US$ 6.59 Billion, as revealed by Adobe Insights in its final update on the holiday weekend. That marked a 16.8% increase from a year ago, and made Monday the largest online shopping day in US history.
- The advent of 5G is expected to bring along new generation technologies that improve capabilities of mobile networks and support flexibility of approach. These include a new generation air-interface based on a new waveform, codec, multiple access technology, and large-scale antenna arrays, as well as fully cloud-based network architecture leveraging software defined network (SDN) and network functions virtualization (NFV).
- 5G technology is expected to provide rapidly expanding potential for new business opportunities for telecom operators, ranging from provision of Enhanced Mobile Broadband (eMBB) services to supply of applications to vertical industry customers. In addition, installation of 5G technology offers lucrative opportunities for players in the market to expand market presence and revenue share.
Internet Statistics 2019:
- In December 2018, there were around 4.1 billion Internet users as compared to mid-2018 (3.9 billion Internet users), which was an incline of 5.1%
- Asia has the most Internet users as compared to other continents — accounting for 49%, followed by Europe with 16.8%
- China has the most Internet users compared to all countries – over 800 million Internet users, and is followed by India with over 500 million Internet users
Social Media Platforms:
From 2017 to 2018, the number of active social media users increased by 13%
- YouTube is used by 73% of US adults
- Instagram is used by 35% of US adults
- Pinterest is used by 29% of US adults
- In addition, Snapchat, LinkedIn, Twitter, and WhatApp are used by 27%, 25%, 24%, and 22% of US adults respectively
Live Status of July 5, 2019:
- Internet users in the world: 4,272,187,972
- Total number of websites: 1,698,126,306
- Emails sent: 136,521,695,734
- Google searches: 3,526,366,208
- Blog posts written: 3,353,283
- Tweets sent: 399,235,128
- Videos viewed on YouTube: 3,708,229,261
- Photos uploaded on Instagram: 43,159,569
- Tumblr posts: 72,413,916
- Facebook active users: 2,259,512,073
- Google+ active users: 720,302,447
- Twitter active users: 348,967,973
- Pinterest active users: 242,408,088
- Skype calls: 183,211,920
- Websites hacked: 69,133
- Computers sold: 377,338
- Smartphones sold: 2,270,979
- Tablets sold: 237,271
- Internet traffic: 3,505,409,753 GB
- Electricity used for Internet: 2,125,486 MWh
- CO2 emissions from Internet: 1,767,159 tons
- Currently, online shopping is a rapidly growing and expanding trend for shopping and has begun to play an important and essential role in modern lifestyle. Convenience and ease-of-use, changing shopping habits, patterns, and preferences, easy payment options and platforms, and rising demand among customers of all age groups is driving the shift towards online shopping.