Introduction
Today the e-commerce industry is seeing rapid growth in every aspect. Until 2019, the e-commerce retail industry contributed to a total of 14 % sales of the worldwide retail market. After Covid-19, online shopping is experiencing mass adoption globally and experts expect it to grow more in the coming years.
We will be taking you through top 5 trends that are listed as follows;
- Blockchain
- Metaverse
- Live commerce
- Artificial Intelligence and machine learning
- Internet of things
1. Blockchain
Blockchain in Ecommerce
Because it makes online financial transactions more secure, blockchain is a win-win for both brands and buyers. But it also provides a lot of other benefits, including cutting costs, improving business processes, making transactions faster, and improving the overall customer experience.
- Enhanced security: Data breaches and fraudulent transactions are major concerns for ecommerce retailers. According to Price Waterhouse Coopers annual Global Economic Crime and Fraud Survey 2020, 47% of companies experienced fraud in the past 24 months with a total of $42 billion lost.*
- Blockchain technology allows for trusted identities verified by multiple trusted parties, and offers the highest level of security for customer databases and CRM systems.
- Easier, faster transactions: Because blockchain transactions are basically instantaneous and do not go through traditional banks, there are no delays for payment processing or pending transactions. Purchases can be made instantly, which means faster order fulfilment for customers.
- Greater access for global consumers: For customers living in developing countries, access to a reliable banking system is not a given. Blockchain and cryptocurrencies allow them to bypass the banking middle man, giving them access to a wider variety of ecommerce retailers. And it allows forward-thinking brands to tap into new and emerging markets.
- More convenient rewards and referrals programs: Blockchain allows brands to easily issue rewards points that are redeemable across a variety of sites and partner brands. Companies can even pay content creators or influencers in digital tokens, which can then be converted into their preferred currency.
Brands which have invested in blockchain technology;
- IKEA
- Walmart
- Amazon
- Myntra
2. Metaverse
“The term Metaverse is used to describe a combination of the virtual reality and mixed reality worlds accessed through a browser or headset, which allows people to have real time interactions and experiences across distances.
“Right now, what will become the Metaverse is actually a series of disconnected metaverses, like the ‘walled gardens’ of the early internet [darpa.net, bit.net, or aol.net] that eventually came together to form the internet as we know it today. The current set of metaverse worlds each has its own access, avatars, interactions, and currency.
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Les organisations et entreprises encore non-numérisés sont par conséquent désavantagés.
Une adaptation à ce monde numérique est nécessaire et indispensable pour la survie d’une entreprise.
Un investissement nécessaire mais qui rapporte gros.Le nouveau marché des applications en mode marketing SaaS connait une croissance rapide tant la demande a explosé ces dernières années.
Les entreprises voulant profiter du boom internet sont les principales cibles.
En réalité, les applications en mode SaaS apportent de véritables solutions pratiques.En savoir plus sur: https://www.tuugo.fr/Companies/digibao-france/0120004893480
Why are e-commerce platforms being constructed?The answer is simple: it is a windfall for vendors who were previously content with brick-and-mortar business models.All about E-commerceE-commerce platforms, especially those with a global orientation, cater specifically to the tastes of buyers everywhere.
Vibrant offline business models offer low-cost entry for niche audiences while dramatically increasing the volume and popularity of online goods.
An E-commerce platform is one of the most important investment decisions you will make in your online business career.
Yet, most people make it without thoroughly understanding what attributes make that platform stand out and what opportunities it presents.The crowd is restless, the urge is great, and there is hardly any alternative strategy.
With NopCommerce, you can start selling right away without having to learn or code any special software.
They can then move to another page, search for what they are looking for, or bookmark your store as a pick button icon.
Deep analysis of the top reasons why e-commerce and mCommerce platforms fail, and a solution to the most common mistakes and causes of failure.Entrepreneurs can always hire top e-commerce developers to make sure that they do not face failure while building an e-commerce or m-commerce platform, it is always good to know the pitfalls.
