| According to IDC, the e-commerce applications
market is projected to reach
$16.88 billion in license and maintenance revenue by 2006,
increasing at a compound annual growth rate (CAGR) of 25%.
The success of E-commerce to show the world that a company like
Amazon.com can indeed be profitable and the potential of
E-commerce have influenced companies of the New Economy. Many company has thus far go online to gain the benefits as well as
gain experience in what will become the future of business.
In the 1980's, all business were
required to show that have good products in order for the
investors to be convinced any company is worth their dollars
and cents. In the late 80's, business began to realize that
brading is more important than products, even though products
of the company still needs to be of good quality.
In the 1990's, branding becomes the crucial corporate
concept for establishing sales channels where their products
will be sold through. Where they good are being made does not
matter as much as what brand the product belongs to. Thus, it
is the company's image of producing quility goods that the
consumer is concerned with.
In today's context, brand owners are taking a step further
to strenthen their concept on brand ownership through the
Internet. It is thru that when you are on the Internet, it
is not easy for someone to find you when you do not know how
to reach out to the mass; but for someone to find you using the
manual way if you are not on the Internet is
even harder. Being on the Net allows you to get search by
people who are looking specifically for your products and
services. Serching for a needle in a haystack is much easier
on the Internet then in an ocean of telephone wires!
This is the reason why many business has included the
Internet as a channel of providing information to the public
as well as communication and business transactions. With
technology constantly improving, the cost of setting up
business on the Net has become lower and lower throughout the
years. More devices are able to connect to the Net due to
recent improvement in hardware and software technologies. Due
to the ability of being able to connect various devices, the
reach has become really vast and wide. |