Implication Of Ecommerce Development In The World Of Business


Share on LinkedIn

2020 has been a year full of a bumpy ride. While the businesses are still uncertain of the projection in the coming period, they prefer to hit in the dark. The fact remains universal that the eCommerce sector is yet to show its true profitable colors as the technology gets revamped. It needs to be seen how the curve settles after the storm.
Ecommerce development services are at the highest stake in this trend. The coming year is set to change the way we used to shop online, as technological reliability proved to be effective in this crisis.

Considering the current situation in the eCommerce segment, there are tech-driven approaches that need to be acknowledged.

Below are some valuable insights that might keep the eCommerce industry busy with profit figures in the long run.

Insights Set To Favor Ecommerce Development

No matter how long we go with these technologies, the eCommerce development process every time has newness in terms of technology advancement.

• Mobile commerce drivers are AMPs and PWAs

By 2021, analysts estimate that 53.9% of all e-commerce sales will take place on mobile devices. The fact that the e-commerce platform offers a responsive website does not mean that you are offering an exceptional mobile experience. Conversion rates for mobile are half that of desktop computers. Research shows that 53% of consumers leave a website that takes more than three seconds to load. According to observation, the bounce rate on phones is 10 to 20% higher than on computers.

• Automation increases productivity

Companies will increasingly put their activities on autopilot next year. Automation will be particularly beneficial for brands that are developing internationally, which requires the operation of several stores and more substantial inventory and distribution networks. International companies deliver in 31 countries, on average, and brands are increasingly using e-commerce automation to grow faster and more efficiently.

• Voice search is the new hype

A report by OC&C Strategy Consultants anticipated that voice shopping expenditure would surge to approximately $40 billion in 2022 alone, in contrast to $2 billion at present.

With the increased use of Amazon Alexa, Apple Siri, Microsoft Cortana, and Google Assistant, the voice-oriented user experience would take over a significant part of e-commerce order processing. It is one of the most talked technological trends in the world of electronic commerce. This trend is perhaps the second best thing to happen to your online store. This will change the game in 2020. Voice search is not only useful for better customer experience, but it is also the future of SEO.

How Ecommerce Development Is Fueling The Thrust In The Sector?

The rapid growth of e-commerce initiatives worldwide reflects its attractive benefits, such as better government performance, lower cost structure, greater flexibility, grander scale, and a greater variety of services, greater transparency, greater accountability, and faster transactions. In developing countries, the growth of information and communication technologies, or rather, electronic commerce, is significant.

The growth of information and technologies, or rather, electronic commerce, is substantial. Technological efficiency is essential for the success of e-commerce. However, human, economy, and other problems must also be taken into account. The current situation of eCommerce in the majority of nations happens to be in “stay geared up the situation.” Assessing the current situation reveals opportunities that organizations must take seriously to survive the effects of globalization and market opening. Public infrastructure must be implemented immediately to support ecommerce.

How can we assist? if you look to tap in the most lucrative industry

Panacea Infotech is one of the top eCommerce development company that follows the trail of the futuristic way of doing eCommerce business. Our expertise can help you bring your brick and mortar business online.

Connect to get acquainted!

Nitin Nimbalkar
Over 17 years of experience into various IT domains, I have developed expertise in developing business strategies and management. With an innate ability to achieve results, I believe in creating strategic application to face business challenges.


Please use comments to add value to the discussion. Maximum one link to an educational blog post or article. We will NOT PUBLISH brief comments like "good post," comments that mainly promote links, or comments with links to companies, products, or services.

Please enter your comment!
Please enter your name here