The history of E commerce can be traced back to 1970’s which included the commercial transactions done electronically through EDI (Electronic Data Interchange), EFT (Electronic Fund Transfer (EFT). The business companies began to send some of the commercial documents in an electronic manner. After this, with the development of ‘http’ and‘dsl’, the E-Commerce market begun to grow and thrive after 2000. The industry grew at such a good rate that within one year, the number of transactions done through E-commerce had went to the worth of $700 billion. This growth went on in a consistent manner for the coming years. By the end of year 2007, E-Commerce sales were around 3.4 % of the overall sales for all products in the world. Some of the very first E-Commerce vendors in the world included Amazon and E-Bay. Though, Amazon instantiated as an online bookstore, it deal with a number of other products. After this, E-Bay was a successful E-Commerce store in the world.
The very first stage of development of E-commerce was done in 1971 when ARPANET begun to arrange a cannabis sale. This was followed by the development of the first shopping system in 1989. The first secure online purchase had been developed in the year 1995 by “Ten Summoner’s Tales’. After this, the continuous development continued till 1999 when Alibaba group had established an E-commerce portal in China. This was followed by development of Amazon and E-Bay in the year 2000. In this research paper, the discussion will be focused on the attribute, size, structure, turnovers and a number of other things related to the E-Commerce industry. In addition to this, there will be an analysis of the customers, the competitors and major issues faced by the industry. Further, there will be an analysis related to the industry environment, the main factors leading to the success of E-Commerce industry in the world.