{"id":2141,"date":"2021-07-23T19:13:14","date_gmt":"2021-07-23T16:13:14","guid":{"rendered":"https:\/\/evercodelab.com\/blog\/?p=2141"},"modified":"2021-07-23T19:13:14","modified_gmt":"2021-07-23T16:13:14","slug":"how-to-benefit-from-ecommerce-development-trends-in-2021","status":"publish","type":"post","link":"https:\/\/evercodelab.com\/blog\/how-to-benefit-from-ecommerce-development-trends-in-2021\/","title":{"rendered":"How to Benefit from eCommerce Development Trends in 2021"},"content":{"rendered":"<p><i><span style=\"font-weight: 400;\">The team of Evercode Lab is well-known for its skills and expertise in everything related to eCommerce development. Not only did we help build <\/span><\/i><a href=\"https:\/\/evercodelab.com\/cases\/foodfox\/\"><i><span style=\"font-weight: 400;\">FoodFox<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">, the predecessor of Yandex.Eats. We also offer our own flexible solution for those willing to launch a new online trade business, <\/span><\/i><a href=\"https:\/\/evercodelab.com\/products\/evermarket\/\"><i><span style=\"font-weight: 400;\">Evermarket<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">. However, let\u2019s assume that you want to create your own unique and proprietary platform. What should it feature? Which eCommerce capabilities are a must in 2021? What can you outsource to Evercode Lab? Here is our attempt to answer these questions.\u00a0<\/span><\/i><\/p>\n<h2><b>A Little Bit of History<\/b> <b>and Statistics\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">eCommerce, understood as the industry of selling and buying goods and services via the Internet, is not young. In the most conventional sense, it was born in the <\/span><a href=\"https:\/\/www.investopedia.com\/articles\/investing\/052615\/ebay-vs-amazon-business-model.asp\"><span style=\"font-weight: 400;\">mid-1990-s<\/span><\/a><span style=\"font-weight: 400;\">, when both Amazon and eBay were launched. Ever since then, it has been growing unstoppably. In 2020 alone, retail eCommerce sales exceeded 4.2 trillion US dollars. In 2020, <\/span><a href=\"https:\/\/www.statista.com\/statistics\/379046\/worldwide-retail-e-commerce-sales\/\"><span style=\"font-weight: 400;\">eCommerce <\/span><\/a><span style=\"font-weight: 400;\">revenues are expected to reach 5.4 trillion USD.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In conjunction with that, one can highlight the following interesting facts:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Over <\/span><a href=\"https:\/\/www.statista.com\/statistics\/251666\/number-of-digital-buyers-worldwide\/\"><span style=\"font-weight: 400;\">two billion<\/span><\/a><span style=\"font-weight: 400;\"> people all over the world shop online\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; In 2021, eCommerce sales are projected to equal roughly 18% of all the retails sales worldwide taken together\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Mobile accounted for <\/span><a href=\"https:\/\/www.statista.com\/statistics\/296695\/preferred-mobile-payment-service-providers-mature-markets\/\"><span style=\"font-weight: 400;\">almost 70%<\/span><\/a><span style=\"font-weight: 400;\"> of online retail traffic worldwide in 2020\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In other words, eCommerce has a lot to offer to customer-oriented online businesses. It is no surprise that the number of online presences is constantly growing. No one knows how many of them are there for sure. But there may likely be <\/span><a href=\"https:\/\/digitalintheround.com\/how-many-online-stores-are-there\/\"><span style=\"font-weight: 400;\">well over 20 million<\/span><\/a><span style=\"font-weight: 400;\">. What is even more promising, the most promising directions include not only developed countries but also developing nations.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, we can cite the following <\/span><a href=\"https:\/\/www.statista.com\/statistics\/266064\/revenue-growth-in-e-commerce-for-selected-countries\/\"><span style=\"font-weight: 400;\">TOP-5 countries<\/span><\/a><span style=\"font-weight: 400;\"> in terms of eCommerce sales growth:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Argentina with over 100%<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Canada with 75%\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Singapore with 73.6%\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Mexico with 65%\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Russia with 54%\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, this growth and accessibility create enormous competition. As a result, your marketplace needs to be outstanding to secure proper conversion rates that are not that high in the industry. According to the recent global estimates, the average conversion rate does not normally <\/span><a href=\"https:\/\/www.statista.com\/statistics\/439576\/online-shopper-conversion-rate-worldwide\/\"><span style=\"font-weight: 400;\">exceed 3% at best<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><b>What Capabilities to Add to Your Commerce Project?\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">So, you want to launch your eCommerce shop and outsource the development process. Which features should you order? Well, there can be no \u201cone-size-fits-all\u201d approach in this case. Online shops operate in different regions, interact with heterogeneous audiences, and sell various goods. But still, some common features may be viewed as universally desirable.\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">mCommerce instead of eCommerce\u00a0<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">First of all, your eCommerce must be 100% fit-tailored to cater to the needs of mobile users. On average, people spend over <\/span><a href=\"https:\/\/www.statista.com\/statistics\/781692\/worldwide-daily-time-spent-on-smartphone\/\"><span style=\"font-weight: 400;\">5 hours a day<\/span><\/a><span style=\"font-weight: 400;\"> with their portable devices. <\/span><a href=\"https:\/\/www.fullstory.com\/blog\/ecommerce-trends-2021\"><span style=\"font-weight: 400;\">70% percent<\/span><\/a><span style=\"font-weight: 400;\"> of web traffic is generated by the mobile segment, while over 60% of users will never repeatedly use a web presence unless it is mobile-friendly.\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Voice search is a good idea <\/span><\/i><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Right now, adding voice search to your eCommerce project may seem to be redundant, but that is not so. Take a look at the following figures from the US (the rest of the world follows suit):\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; <\/span><a href=\"https:\/\/findstack.com\/voice-search-statistics\/\"><span style=\"font-weight: 400;\">Over 70 percent<\/span><\/a><span style=\"font-weight: 400;\"> of consumers in the US would rather use voice for queries than type\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; <\/span><a href=\"https:\/\/financesonline.com\/voice-search-statistics\/\"><span style=\"font-weight: 400;\">Almost 78%<\/span><\/a><span style=\"font-weight: 400;\"> of the US consumers make some product inquiries via their smart speakers<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; In 2021, over 34 million people in the US are expected to buy something via their smart speakers\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That is why adding some voice search capability to your eCommerce project may make it more competitive\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Several ways to pay<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Business practice indicates that <\/span><a href=\"https:\/\/www.bigcommerce.com\/blog\/conversion-rate-optimization\/#ways-to-boost-your-ecommerce-conversion-rates\"><span style=\"font-weight: 400;\">offering several ways<\/span><\/a><span style=\"font-weight: 400;\"> to pay for goods and services is good for conversion rates. Hence, it is a reasonable idea to provide your customers with as many payment methods as possible, including credit cards, PayPal, Payoneer, and, in some jurisdictions, crypto payments.\u00a0\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Other directions to go<\/span><\/i><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Among other things, experts point out some other promising features you may introduce, depending on your resources: <\/span><a href=\"https:\/\/www.businessinsider.com\/ecommerce-trends-conversational-commerce-chatbots-2017-10\"><span style=\"font-weight: 400;\">chatbots<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.toptal.com\/insights\/innovation\/3-ways-virtual-reality-transforms-ecommerce\"><span style=\"font-weight: 400;\">AR and VR<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/blogs.sap.com\/2021\/07\/15\/trends-that-shape-digital-ecommerce-business\/\"><span style=\"font-weight: 400;\">omnichannel approaches and personalized experiences for online buyers<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Evercode lab invites you to contact us to discuss your envisioned eCommerce in person. You can be sure that your team is in the right position to make it modern, converting, and <\/span><a href=\"https:\/\/evercodelab.com\/contacts\/\"><span style=\"font-weight: 400;\">convenient to use<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The team of Evercode Lab is well-known for its skills and expertise in everything related to eCommerce development. Not only did we help build FoodFox,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[],"class_list":["post-2141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ecommerce"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Benefit from eCommerce Development Trends in 2021 &#8211; Evercode Lab Blog<\/title>\n<meta name=\"description\" content=\"The team of Evercode Lab is well-known for its skills and expertise in everything related to eCommerce development. 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