Uploaded on Aug 10, 2021
With the best Ecommerce platforms trends, any business can boost its online sales, increase consumer awareness, and gain customer loyalty.
Popular Ecommerce Trends to follow
www.360quadrants.com
Popular Ecommerce Trends to follow
https://www.360quadrants.com/software/e-commerce-platforms
Ecommerce is a platforms that facilitates commercial buying and selling over the internet, it has been an attractive
market for the last few years. In 2019, Ecommerce was responsible for sales of worth USD 6.2billionand is expected
to grow at a CAGR of 16.3% till 2027. The Ecommerce sector is becoming extremely competitive. Hence,
Ecommerce trends must be constantly monitored to stay ahead in the competition. With the
best Ecommerce platforms trends, any business can boost its online sales, increase consumer awareness, and gain
customer loyalty.
Following are the latest Ecommerce trends that one must know to be up to date and perform better in
online business
Online sales volume is only expected to increase
The online shopping has witnessed a surge in past years, and is expected to grow gradually. Shopping has become
one of the most popular online activities with the increasing options provided by the existing brands and startups.
Online retailers are focusing to gain the trust of users and provide them a user-friendly experience.
Artificial Intelligence unlocking shoppers’ preferences
Artificial intelligence & machine learning make it possible for customers to have a personalized experience. AI helps
in collecting the data from customer ends and also understand their requirements better. It focuses on what
customers like and automatically sends personalized offers, which is an effective method to increase the chances of
purchase. Presently, this trend is much easily implemented in online shopping than offline shopping.
https://www.360quadrants.com/software/e-commerce-platforms
Post-COVID-19 scenario
The COVID-19 had one of the biggest impacts on Ecommerce platforms, authoritative bodies of various countries posed strict
lockdowns forcing offline stores to shut down. This led more and more people to opt for online shopping, not just during the
pandemic but post-COVID-19 as well. Users have become so comfortable with the convenient online shopping offers such as
contactless payments. According to market analysis, the Ecommerce industry is expected to be one of the biggest beneficiaries of
the COVID-19 pandemic, the current penetration rate of 15% is expected to increase to 25% by 2025.
Youth driven platform
Post-COVID-19, more than 54% of consumers are expected to spend more money on online shopping than before, and this shift to
online shopping is expected across consumers of all ages but it is mostly the younger generation responsible for this trend.
According to the survey, 67% of young consumers between the age group of 18 to 34 years are expected to spend more post the
pandemic.
Social Media Platforms play an important role
With the rise in usage of Ecommerce platforms, there will be an increase in social shoppers. Social media is playing a vital role in
the world of e-commerce, with the introduction of the ‘buy’ button on popular social media websites such as Facebook and
Instagram. Social media has changed daily lives and the way it influences people is remarkable. Hence, retailers must focus on
improving their position on social media as it is a great platform for brands to get discovered. Brands can also take the help of
influencers to increase their visibility across platforms.
Environmental Factors
Currently, the consumer has become much more aware than ever and with the rise of green consumerism, brands must consider
becoming more responsible. According to GlobalWebIndex 2020, almost four in ten digital consumers that poor environmental
records that impact their purchasing decisions. As an Ecommerce platforms, one may try to adopt more sustainable and
environmentally friendly practices. These practices include providing e-receipt, sourcing products from fair-trade organizations,
and offering cruelty-free products.
https://www.360quadrants.com/software/e-commerce-platforms
Chatbots to the rescue
Chatbots interact more like in-store representatives. 24/7 availability of chatbots makes Ecommerce more
convenient than ever, experts predict that 80% of business would be done using chatbots in near future. Currently,
chatbots have drastically change the way people shop, in case of any delay or any payment-related issues, users
can right away take the help of chatbots and reach a conclusion immediately.
Augmented Reality enhancing the shopping experience
Ecommerce is taking full advantage of AR to enhance the shopping experience and giving users more realistic ways
to shop. As per secondary research, 35% of users that they will be shopping online more if they get to virtually try
the product. AR not only grants user to see the project in 3D but also let users see how’d they look wearing it.
Payment options
Customers’ needs might differ from one payment method to other, and if they do not find a convenient way to
make the payment, they also might cancel the purchase order. This scenario can be painful for retailers, and
retailers are taking all measures to enhance their checkout process and avoid this. A whole chunk of online
shoppers depends on their mobile phones to access Ecommerce platforms to increase the conversion rate retailers
must come up with new ideas, such as saving payment information is one such method. It saves a lot of time for
customers for future purchases.
https://www.360quadrants.com/software/e-commerce-platforms
About 360Quadrants
360Quadrants is the largest marketplace looking to disrupt US $3.7 trillion of technology spend and
is the only rating platform for vendors in the technology space. The platform provides users access
to unbiased information that helps them make qualified business decisions. 360Quadrants enables
vendors to influence the business decisions of potential clients. Vendors get to win ideal new
customers, customize their quadrants, decide key parameters, and position themselves strategically
in a niche space, to be consumed by giants and start-ups alike. Experts get to grow their brand and
increase their thought leadership. The platform targets the building of a social network that links
industry experts with companies worldwide. The platform has around 400 total buyers across
various markets.
360Quadrants will also be launching quadrants in fields like SEO Software, Payroll Software, and
Marketplace Software.
https://www.360quadrants.com/software/e-commerce-platforms
Contact:
Mr. Agney Sugla
[email protected]
630 Dundee Road, Suite 430
Northbrook, IL 60062
https://www.360quadrants.com/software/e-commerce-platforms
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