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E-commerce industry in Bangladesh

Future of E-commerce in Bangladesh E-commerce is nowadays a trendy growing sector. Still, the stability and expansion of the business or industry is just a matter of time. After some years, the existing companies will grow bigger than now. Seeing the success, more will be encouraged to start in the future. So there will be a decent number of companies in a certain amount of period. This type of company is now going through the embryonic stage; they create and expand the target market and be familiar with the market. Precisely, people will accept it more willingly after some years for the mobility of the entire process. This can be the panacea considering the situation of high traffic jams in Dhaka city. This will also penetrate the global platform and compete with international companies by expanding the international market. So the growth of the E-commerce sector in Bangladesh is expected to increase exponentially in the next following years. The blessing of technology has created a buzzword called “E-commerce,” which recently inspired people to be self-employed in the e-commerce sector.

Some types of e-commerce businesses as “online shopping”, “online cosmetics”, “online electronics” have been favored to start their business. According to research, “electronics and groceries will reach 25% growth in online sales”. The food business is also the most popular in Dhaka city, with a 25% growth. In this sector, “Foodpanda” “Hungrynaki,” has become prominent by their service. Even in Quarantine, people are getting more connected to e-commerce. For example, many people are losing jobs, along with getting locked in the house. In this situation, they, to earn money, get attached to social business. They use social platforms for disturbing their products. It is quite an easy way to do business and gain profit.

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