V. Future of eCommerce
eCommerce has become a social norm. It is widely accepted, especially in the developed world where there is readily accessible use of the web. For many, shopping online and performing payments online has become a routine task at work or at home. However, we’ve only just began "During the next 10 years we anticipate seeing more ease of use, even better technology, dramatically improved visibility as well as a wider array of solutions for both online buyers and merchants." (LeClaire) Due to the rapid increase in broadband speeds and access to the internet on our mobile devices, eCommerce will constantly grow. Purchases that first had to be made in the store, then were able to be made from a computer, now these same purchases can be made on-the-go from any mobile device. In 2008, “US eCommerce and Online Retail sales projected to reach $204 billion, an increase of 17 percent over 2007.” (Sharma) As the internet grows technologically and in terms of acceptance around the world, eCommerce will continue to prosper and grow accordingly.