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A NEW ECONOMIC ECOSYSTEM
THE INTERNET has created a new economic ecosystem, the e-commerce marketplace, and it has become the virtual main street of the world.
Providing a quick and convenient way of exchanging goods and services both regionally and globally, e-commerce has boomed.
Today, e-commerce has grown into a huge industry with annual U.S. online retail generating more than $200-billion.
Consumer-driven (B2C) online transactions are impacting industries from travel services to consumer electronics, from books and media distribution to sports & fitness.
With more than 70 percent of Americans using the Internet daily for private and/or business use and the rest of the world catching on rapidly, e-commerce's global growth curve is not likely to taper off anytime soon.
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