| Electronic Commerce i.e. E-Commerce has | | | | just a click of the mouse. Then in 1995, the |
| unarguably transformed the lives of many. | | | | current biggest names in the E-Commerce |
| It's one of the wonders of the technological | | | | industry which are and were launched. It was |
| world. This compels us to think from when | | | | a major factor for such an unprecedented |
| and where it started. To the astonishment of | | | | growth of E-Commerce industry. Adding to the |
| many, even before the personal computers were | | | | list, DSL or Digital Subscriber Line came |
| prevalent, E-Commerce began. And then | | | | into action in 1998 which provided fast, |
| gradually, it escalated into a huge | | | | always on-Internet Service to subscribers. In |
| multi-billion dollar industry. It will also | | | | 1999, according to Business.com, retail |
| be easier to judge its trends for the future | | | | spending over the internet climbed up to a |
| by looking at the evolution of E-Commerce. | | | | cool twenty billion dollars. And then, in |
| Let us briefly glide through the historic | | | | 2000 , Internet tax moratorium was extended |
| events that took place which led to the | | | | by US government until at least 2005.Most of |
| evolution of E-Commerce. | | | | the people enjoy shopping over the internet |
| | | | because they don't have to deal with the |
| To start with, in the year 1984, through ASC | | | | always pestering sales people. |
| X12, EDI or Electronic Data Interchange, was | | | | |
| standardized. This gave the surety that the | | | | To the surprise of many, even though |
| transactions would be completed by the | | | | E-Commerce is an ever expanding business, |
| companies reliably. In 1992, online retail | | | | only editorial sites are not profiting |
| products were being provided to its customers | | | | similar percentages of revenues from |
| by CompuServe. This great revolution bought | | | | E-Commerce. But then other sites like was |
| the first chance ever for the people to | | | | honored as the earth's largest book store |
| purchase things through the computer, thus | | | | resulting in more than 1.2 billion dollars |
| making the lifestyle of the people a lot | | | | sales in just 10 weeks of holiday season |
| easier and trendy. Netscape arrived in 1994. | | | | shopping alone with more than 3 million |
| It was very user friendly and offered users | | | | shoppers hooked to that site. Even online air |
| the option of surfing the internet through a | | | | ticketing industry is making more than 20 |
| single browser. Also, it provided Secure | | | | billion dollars every year. Thus, E-Commerce |
| Sockets Layer which was a safe online | | | | has really emerged as a huge industry over |
| transaction technology. | | | | the past few years standing up to the |
| | | | expectations of many. |
| So, from that day onwards, fun was away from | | | | |