Magento is possibly the fastest growing platform in eCommerce space. According to Magento’s 2017 yearly report, there was a spike in number of websites powered by Magento. What’s more, major brands such as Burger King, Nike, Pepe Jeans and Samsung are choosing Magento to power their eCommerce websites.
The rapid digital developments in eCommerce sector has brought us to a new phase of online shopping experiences worldwide. By 2020, 80% of consumer traffic will derive from online videos, as revealed in a study conducted by Social Media Today. And it is of no surprise that we reflexively respond to videos faster than any other content.
40% of worldwide internet users have bought products or goods online via desktop, mobile, tablet or other online devices. This amounts to more than 1 billion online buyers and is projected to continuously grow. - Statista
eCommerce integration is synchronization of an eCommerce website with its backend systems such as an ERP or a POS. It helps in seamless, two-way flow of data and information, which increases efficiency in processes as data across connected interfaces gets updated automatically.
Online shopping is a thriving market. In 2021, over 2.14 billion people worldwide are expected to buy goods and services online, up from 1.66 billion global digital buyers in 2016. As a result, the retailers are realizing the business benefits of selling their products and services online.
The number of online shoppers have crossed a mark of 1.66 billion and this number is likely to shoot up. -Statista
Despite having a large share of shoppers, online retailers are trying hard to get the customers to the cart and complete the purchase. Studies suggest that an average cart abandonment rate is 68% (which is huge). The reasons may range anywhere from price tag of the product to issues in processing payment.
By 2021, over 2.14 billion people worldwide are expected to buy goods and services online. These numbers indicate the upcoming opportunities that online commerce brings in, for both, brick-and-mortar and web-only retailers.
With online shopping being the most popular activities worldwide, the eCommerce sector is expanding by leaps and bounds. In terms of revenue, the global B2C eCommerce sales are expected to reach 2.35 trillion U.S. dollars by 2018.
From brick-and-mortar retailers (like Walmart) to web-only retailing corporations (like Amazon or Rakuten), eCommerce platforms have certainly made shopping a plain sailing experience for customers. And these days, when smartphones are acting as supercomputers in pocket, consumers take the most of this ease to find, learn, or buy whenever they want-or when the whim bangs.
8 out of 10 Americans are online shoppers, reveals a study. And if we analyze the frequency of shoppers to buy online, it’s quite easy to predict that web stores and mobile apps are the most preferred mode to shop for favorites and essentials.