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updated 7/2/2013 4:49:49 PM ET 2013-07-02T20:49:49

With lower startup costs and a broader reach, a growing number of entrepreneurs are turning to online retail instead of traditional brick-and-mortar businesses. According to data compiled by Ubot Studio, a marketing automation software company, ecommerce is a $200 billion industry in the U.S. that is projected to expand by 15 percent each year.

The data also showthattechnological advances such as storing information in the cloud and online payment options through companies like PayPal are on the rise, making it even easier to start an online business.

Related:  Square Creates 'Square Market,' an Ecommerce Service for Businesses
  For more on the growth and future of ecommerce, take a look at the infographic below.  

Copyright © 2013 Entrepreneur.com, Inc.

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