Present e-commerce
Present e-commerce in Bangladesh
With the help of the web, information technology, and e-commerce evolution, Bangladesh also rapidly moves towards to e-commerce sector, and this sector taking the benefits of mobile networks. Bangladesh currently has high-speed 4G internet covering all divisional and district also because of the Upazila level. Nowadays during a remote area also has internet services available (Ohidujjaman, Hasan and Huda, 2013). At the start time, e-commerce business was supported the sole populated area but, recently a number of the e-commerce sites extended their business within the country. the agricultural area customers also are purchasing huge volumes of product for his or her personal use and also for business. the agricultural area customer is sort of encouraging to e-commerce business and it's a replacement phenomenon for e-business. at present several dimensions of e-commerce business available in Bangladesh. Among them, B2C is most generally existent and prominent within the market. B2C business-like hotel and tourism, foods, apartment rent, transportation is additionally expanding rapidly.C2C business existent in Bangladesh like OLX.com, bikroy.com. Using digital information and technology knowledge and growing of internet and mobile users, Bangladeshi consumers are now conversant in e-commerce. In 2017 e-commerce transaction volume was around 1079 million dollars where, in 2019 it already reaches 1528 million which is indicating remarkable progress of the e-commerce sector in Bangladesh (Statista, 2019). For high-speed internet connection in Bangladesh facebook commerce and mobile commerce expanding day by day. Mobile commerce is becoming more popular because to pay the electricity bill, water bill, gas bill, and other utility bills peoples are employing mobile and also using some popular mobile applications like bkash, sure cash, M cash, etc.
E-commerce growth of Bangladesh
In Bangladesh, E-commerce sector growth has exceeded all expectations and it's the number one impact on Bangladesh's economy. within the beginning, the e-commerce sector observed slow growth. the most changes occurred within the e-commerce sector when Bangladesh bank allowed online payment within the country then officially opening up the e-commerce sector in Bangladesh. within the year 2013, for the primary time, Bangladesh bank and Bangladesh Association of software and knowledge services ( BASIS) observed “E-commerce week” in Bangladesh. Currently, 18-23% of mobile users are using smartphones. now there are 50,000 peoples are directly engaged in e-commerce and within the subsequent ten years, quite 1,000,000 are going to be engaged during this sector. at the present, a day, approximately 20 thousand & per month 5-6 lakh parcel was delivered everywhere the country. There are quite 2500 e-commerce websites and around 8000 e-commerce pages on Facebook that operating business. The e-commerce sector in Bangladesh has grown by 72 percent in 2016. This was a really promising development within the history of e-commerce in Bangladesh. consistent with the statistics of Bangladesh Bank, 3.59 billion Bangladeshi takas ( US$ 50 million) were treated in 2016 through e-commerce, which was 2.16 billion Bangladeshi takas (US$ 30 million) in 2015. the amount of Mastercard users is quite the open-end credit within the country and therefore the number of internet users is quite 3 million which is about one-third of the entire population of the country (Afzal, 2018). within the year of 2017 Bangladeshi e-commerce has grown incredibly and therefore the amount was 1079 million dollars and it per annum it’s growing rapidly. In 2019 currently, the Bangladeshi e-commerce market revenue 1528 million dollars where other south Asia countries like Pakistan e-commerce market US$1,943 million, Sri Lanka US$1,103 million, Nepal US$249 million, Bhutan US$33million.
