In: Finance
Choose an industry in which you are interested, and predict its performance within the next three years. Provide support for your prediction.
I am interested in e-commerce industry.
According to me, performance of e-commerce industry will increase by 50-60% in next three years for big players like amazon.com.
The reason for the sams is simple. According to one latest report from one website digital commerce.com, US e-commerce sales grow by 16% in 2017. So, slowly and steadily people are moving from physical shopping to online shopping. According to them, The bulk of the e-commerce’s gains stemmed from the growth of web leader Amazon.com Inc., as the e-commerce behemoth continues to gain loyalty among U.S. consumers. Based on 16% growth in one year, in total three years it can jump upto 50-60%. This is because people have started accepting online purchase method as proven purchase method. They can even return things without much hassle. Some players have started showing them the samples first. This all increase consumers confidence in online market.