Matt Bullock
20 June 2011
A recent study conducted by analytics firm comScore found that the ecommerce industry has continued to grow rapidly, according to Reuters.
The ecommerce market grew to a total value of $12.3 billion in May, an increase of 13 percent over the same month in 2010. Many industry observers may not be surprised by the growth, given the widespread adoption of internet-connected devices, such as smartphones and tablets.
Figures from ChannelAdvisor, meanwhile, indicate that same-store sales rose by 84 percent for Amazon and 13 percent for eBay in May, the report said.
According to the report, two large online retailers experienced "particularly healthy same-store sales gains." These retailers are two of the most established ecommerce businesses in the sector.
Anthony DiClemente, an internet analyst for Barclays Capital, said that "the secular trends in ecommerce remain strong," according to the report.
Amazon first went online in 1995, under the name Cadabra. It was one of the first websites that enabled customers to buy products online through a platform that can process online payments. eBay, also established in 1995, is widely regarded as another pioneer in the ecommerce industry.
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