Several key factors contribute to the rapid growth of e-commerce:
Technology: Innovations in technology, such as mobile devices, high-speed internet, and secure payment gateways, have made online shopping more accessible and convenient. Consumer Behavior: Shifts in consumer preferences towards convenience, variety, and competitive pricing have driven the demand for online shopping. Global Reach: The internet provides businesses with the ability to reach a global audience, breaking down geographical barriers and expanding market opportunities. Logistics: Improved logistics and supply chain management have enabled faster delivery times and efficient order fulfillment, enhancing the overall customer experience.