How to Build an E-commerce Website in 2022: The Ultimate Guide | York Apps As the world increasingly moves online, York businesses must follow suit if they want to stay competitive. An eCommerce website allows customers to purchase products or services from the comfort of their own homes and is therefore essential for any business…
Systems Integration, its benefits, integration with existing systems and e-Commerce integration considerations. What are the Benefits of System Integration? System integration is a process that allows different computer systems to work together as one. By integrating different systems, businesses can create a common communications platform that allows employees to easily share information and collaborate. In…
Welcome to the extensive world of e-Commerce systems. An increasingly integral part of the digital realm, e-commerce has become not just a convenience, but a necessity in the modern business landscape. Defined broadly, e-commerce, or electronic commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions. It’s evolved into multiple formats including business to business (B2B), business to consumer (B2C), consumer to consumer (C2C) and consumer to business (C2B), each marked by its own unique dynamics.
However, the concept is wider than this and a full understanding of this market also needs to encompass the significant associated concepts such as mobile commerce, electronic funds transfer, supply chain management, internet marketing, online transaction processing, and electronic data interchange (EDI). These technologies underpin e-commerce operations and continue to mold its future form.
What is driving this relentless march of e-commerce? A powerful confluence of technology development, customer expectation and business model innovation. Customers now wish to access products or services at any place and at any time. This coincides with rapid advancements in mobile technology, data science, and user interface design. Interestingly, the global e-commerce market is expected to reach $6.54 trillion by 2022, up from $3.53 trillion in 2019, as per Statista.
This compelling movement towards digital purchasing is making it increasingly important for businesses to offer not just e-commerce capability but an engaging and seamless online shopping journey. This is where the pertinence of a bespoke e-commerce system becomes apparent. Nothing ‘off-the-shelf’ can match the exact functionality, performance, or aesthetic requirements of every business. A tailored solution, by contrast, can optimise the online shopping experience for customers and potentially lead to greater conversion rates.
From a broader perspective, the acceleration of the digital economy is a dominant global trend, well-illustrated by the rise of influential technology giants such as Amazon, Alibaba, and eBay. The ongoing discussion on the regulation of digital giants, digital taxation, and privacy concerns, adds intrigue and complexity to the e-commerce debate.
Delve deeper into the world of e-commerce by exploring our e-Commerce Systems blog category or feel free to surf our wider blog section for insights into the larger ecosystem of software, app, and web development. If you wish to engage in an in-depth conversation about e-commerce systems or any associated subjects, please feel free to contact us at York Apps. We would be thrilled to provide bespoke systems that match, and even exceed, your e-commerce needs.