Top Retail & eCommerce Technology Trends for 2020
The Birth of Amazon — In 1995, Amazon was presented in the market. But 2003 came as a whirlwind with a bang emerged with $47.3 as one of the largest online retailers. As digitalization is at an all-time peak, companies are ‘leaving no stone unturned to become a Dark Horse.
A technical transformation is enough to take the industry to a new level. As per stats, the retail & eCommerce industry sales reached nearly $3.46 trillion in 2019 in comparison to $2.93 trillion in 2018. The fusion of emerging technology will make eCommerce apps faster and secure than ever. The eCommerce sector has been growing steadily, but it has taken a huge leap in the time of the coronavirus pandemic.
Here are the eCommerce technology trends which suggest the future is bright in 2020:
- The retail & eCommerce sector is likely increasing at the rate of 12% each year.
- E-commerce sales are predicted to reach 530.0 million from $220.billion by 2025.
- Sustainable eCommerce — “Goodbye to Good Buy”. It galvanizes experience by removing manual, repetitive, and time-consuming tasks to reduce productivity.
- Progressive Web Apps and Accelerated Mobile Pages — PWAs and AMPs work excellently together. As per the stats, 53.9% of users shop through their mobile phones only. It is expected to grow in the coming years.
- Automation — The world is dancing on the tunes of automation. So, how can e-commerce be spared? This will undoubtedly drive the business in auto-pilot mode and enhance productivity.
Top 5 technologies that are boosting retail & eCommerce sector:
- Virtual & Augmented Reality
- Robotic Store Assistant
- Video Search
- Data Science
- Blockchain
E-commerce is progressively moving at such a brisk pace. Various technologies are knocking on the door. If you do not adhere to the instructions, you may lag.
By doing this you can skyrocket market fortunes to stay ahead in the competition. No Surprises! Retail & eCommerce is reeling the chart with big numbers.
What makes the future of e-Commerce very special?
All these above-mentioned facts shown in infographics suggest the future of eCommerce is bright and the curve is not going to flatten.
These figures are whopping to make this an ever-green industry. It’s a good time to drive an eCommerce brand forward while touching endless opportunities. For this, an eCommerce development company is significant in many aspects and can lay a concrete eCommerce platform for you.
