Governments and especially businesses are confronted with an "adapt or die" scenario, particularly in developing countries, to fall behind in technology and innovation could increase the gap with wealthier, more advanced economies.
1. Unique opportunities for less Developed Countries
E-commerce presents unique opportunities for less developed countries to greatly expand their markets, both internally and externally. Externally, the Internet and other technologies may allow for low-cost international trade, even for small, local businesses. Internally, many groups of citizens who had been considered "marginalized" and "unbanked" may gain affordable access to financial services, and may thus participate more readily in all aspects of the economy.
2. Development of Rural or Local business
Rural areas considered too costly or unprofitable for business development might increasingly become a focus for investment and market expansion, and also for relocating corporate offices.
3. Development of Microfinance Institutions
Development of microfinance institutions to provide financial services to the semi urban and rural areas.
4. Development of E-learning and M-learning
E-learning and M-learning enhances the access of the educational institutions in remote areas.
5. Increases of E-governance initiatives
E-governance initiatives increases access to information and thereby reducing corruption.
6. Reduces the Transaction cost
M-banking (Mobile banking) reduces the transaction cost of banking industry thereby increasing
access to financial services through rapidly growing mobile market.
7. Globally reach of Micro enterprises
Micro, small and medium enterprises can leverage the technology to market their products globally.