All eCommerce sites must prepare today for the future if they want to stay in the race and ahead of their closest competitors. Their effort will be more fruitful, and the road will be much smoother with Magento 2.x.
In fact, for any Magento-based eCommerce website, a Magento development company is the perfect ally. They will get adequate guidance and assistance from these companies, helping them to greet the future with more confidence and less skepticism.
The facts and figures related to the Magento platforms are awe-inspiring.
If designed perfectly and with proper Magento Support and Maintenance, a Magento site will have a much higher potential. It will offer profits in just 5.2 months after setup. It means an eCommerce merchant can make profits in less than a year!
Such platforms are in high demand now, powering about 1.2% of the network. For your information, more than 11% of websites in the US alone use Magento, helping in the transaction of merchandise worth more than $155 billion annually.
As a result, the demand for a Magento 2.x is also rising. According to some reports, there are more than 300,000 Magento developers all over the world.
No wonder, Magneto is one of the leading technologies to use by the eCommerce platforms to stay in the race and beat the competitors.
Significance of Magento Open Source
The significance of the Magento Open Source has grown manifold in the past few years, especially now with the demand for Magento 2.x Development is in vogue.
You will understand it in a much better way if you take a look at the market share of Magento. Typically, just a couple of years back, the market share of Magento was a meagre 2.32%. However, in the last few quarters, it has grown up to 8%.
Ideally, a Magento platform has higher growth potential in comparison to an ordinary eCommerce site. Actually, it can grow three times faster.
So, these statistics show the kind of impact Magento has and will have in the future in the world of eCommerce.
Now, it is quite easy to understand how a Magento Open Source fits into this scenario. Ideally, they will implement the next-gen Magento development, which is the in-thing now. It has created a barge of eCommerce sites, both old and new, craving for Magento 2 Development.
The Magento 2.x has played a significant role in this revolution across the world of eCommerce. There are lots of reasons to use and benefits offered by a Magento development company.
They will help in:
- Creating highly flexible and customizable platforms.
- They will ensure higher scalability of the websites.
- They will meet every bespoke requirement of a business.
- They will create websites with easy-to-use intuitive interfaces to allow better navigation and user experience.
They will cover every aspect of web development, including mobile app development, that will be highly responsive. A better and more impactful online presence and brand awareness are ensured by the Magento development company through their continual and best possible Magento Support and Maintenance for the websites.
This will help businesses to have a higher conversion rate across all channels. Better online presence however does not result in higher conversion rates only. There are also several other aspects gained.
With a more impactful presence online, thanks to the Magento Support and Maintenance services, eCommerce businesses can now have:
- Higher credibility
- Larger audience
- Effective marketing
- Better user engagement
- Real-time interaction and
- Better feedback
All these benefits put them a step ahead of their close competitors. This, eventually, translates into higher revenue generation ranging anywhere between 10 to 80% and growth for the eCommerce stores.
Impact of Magento 2 Development
Magento has paved the way for web development services to create more effective, customized and result-driven platforms for eCommerce. And with Magento 2 Development services, the platforms have now become more helpful and informative for the users, adding to their user experience.
One of the most significant areas of improvement is the introduction of CIF or Commerce Integration Framework in web development. Ideally, a Magento will consider different scenarios, both simple and complex, that a business has to go through.
Accordingly, they create better solutions and strategies that help in the overall management and maintenance of the websites.
With so much to offer, Magento 2 itself has developed significantly. On March 14, 2023, the latest 2.4.6 version of Magento was released. It comes with better features and functionalities, that a web development service makes the best use of to enhance the quality and functionality of an eCommerce website.
This upgraded version offers more than 300 quality solutions and is available in two different editions, namely:
- Magento Open Source, also referred to as Magento 2 Community Edition and
- Magento Commerce is also referred to as Magento 2 Enterprise Edition.
The upgraded features and functionalities of these have made Magento 2 Development highly demanding and more productive.
In fact, in the United States not only the international majors use it in their eCommerce platforms, but there are about 250,000 online retailers who are using it actively.
Seek Help of Magento Development Services for a Safe and Bright Future
With Magento slowly but surely becoming the most sought-after norm for eCommerce sites across the world, the future of Magento Open Source is bright and clear.
As the platforms evolve, so will their maintenance, support and services for Magento 2 Development. Their versatile and user-friendly web development services will make them the perfect accomplice for all eCommerce businesses worldwide.
Their Magento eCommerce solutions will help businesses to face all hurdles and challenges to beat their rivals. They will be able to make a strong impact in the market with AI, tailored chatbots, Progressive Web Apps (PWA), Product Information Management (PIM), and more.
As a result, there is a growing interest among the B2B or B2C businesses to avail the services of the Magento Open Source, to reform their marketing strategies with better innovation and potential.
If you have not made the switch already, you are risking the security, speed, and performance of your websites and even legal regulation compliance.