In these modern times where almost everything happens on the world wide web, electronic commerce, commonly referred to as ecommerce, has become one of the biggest industries.

It all started around a quarter of a century ago when major companies began going online and selling products and services to people from every corner of the world. Ever since then, ecommerce has only grown to become a multi-trillion dollar industry which it is today.

This steep growth turned many heads including the ones who got to an idea of reviewing subscription boxes. According to Megan and Laurice, the co-founders and co-authors at Subscriptionly.net, ecommerce is on the constant rise and according to their case study you’ll find below, this industry will only get bigger.

In 2014, worldwide ecommerce sales were worth $1.336 trillion, and with an annual growth of more than 20% in the next four years, the figures have more than doubled to reach $2.284 trillion this year. It is expected that this growth is going to continue at a slower pace than before and reach $4.878 in 2021.

To stay competitive, companies need to follow the latest trends and developments. One such trend in ecommerce is accepting cryptocurrencies as a payment method. There are two main reasons to do so:

They are considered to be the future. A PayPal executive said there’s a very high likelihood that Bitcoin will become a popular payment method.

Bitcoin and other cryptocurrencies carry a meager transaction rate (about 0.3%) which makes them quite convenient.

It is estimated that, by 2021, alternative payment methods are going to replace credit cards and become the second most popular ecommerce payment method, with a 16.5% of market share.

Wonder what the future holds for ecommerce? All you need to do is scroll down and take a look at the infographic to find out more.

We know that many people who are interested in detailed ecommerce trends are on the route to starting their own ecommerce business. Even though the facts show that consumers will spend more money on personalized products like subscription boxes, nearly any product can be sold online. Once you’ve decided what you’ll be selling, one of the next steps is looking into how to choose the best platform to create an online store. This choice might not be so simple, but you must make sure not to make a mistake—your platform is the backbone of your online store!