The E-commerce business is steadily emerging as a major backbone of the global economy. Rapid advancement in technology, the rise of smartphone users, the arrival of 5G internet connection, etc. has created a favorable environment for the e-commerce industry to flourish across the world.
E-commerce lets you obtain advantages like elevating revenue generation, maximizing customer reach, improving the quality of your business operations, and many more.
The E-Commerce Industry Statistics: A Brief Overview
- The revenue generation from e-commerce sales amounts to $ 5.4 trillion in 2022 which is indeed quite amazing (Source: drip).
- During 2025, the e-commerce world is expected to surpass the projected revenue growth of $7 trillion (Source: Hostinger Tutorials).
- Experts’ opinions indicate that in 2026, the population of e-commerce shoppers in the United States alone will experience a hike of 230.6 million (Source: Oberlo).
- At present, China is witnessing superb revenue growth of $351.6 billion from e-commerce sales via social transactions (Source: ecommerce guide).
- The population of e-commerce users in Spain is forecasted to witness an impressive growth of 36.9 million in 2025 (Source: Statista).
Sensing the immense potential that e-commerce provides, many SMEs, startups, and Fortune 500 organizations are displaying interest to build scalable, secure, and robust e-commerce applications and websites with the help of a reputed e-commerce development company.
The objective of this post is to help you know:
What is an E-commerce Solution?
An e-commerce solution denotes the host of services that help to develop your business online across websites and applications. At the moment, every industry is seeking professional e-commerce solutions to serve their customers with quality and perfection.
What are the Types of E-commerce Business Models?
E-commerce business are usually categorized into 5 distinct types such as:
- C2C (Consumer-to-Consumer)
- C2B (Consumer-to-Business)
- B2B (Business-to-Business)
- B2C (Business-to-Consumer)
- D2C (Direct-to-Consumer)
Choosing the right e-commerce application and website can emerge as a challenging task. Hence, seeking assistance from a reputed e-Commerce development company will help your business to grow with the right e-commerce solutions.
What are the Key Features of an E-commerce Application and Website?
When building an e-commerce website or mobile-friendly application, you should consider adding essential features like:
- Smooth signup and onboarding process
- Filter and search options
- Simple checkout process
- Proper product information
- Convenient order management and tracking
- Shopping Cart
- Surplus payment options
How to Build an E-Commerce Website and Application?
When aiming to build an engaging e-commerce application and website, you must proceed with:
1. Proper Objectives
You must introspect why you want to create an e-commerce application or website. Moreover, you have to ponder what will be the business model of your e-commerce app and website. You have to think about what types of consumer products you do want to sell like apparel, cosmetics, groceries, etc.
Setting a proper goal will let you experience an amazing result. It will also guide you to choose the right e-commerce web and app development services to stand out in the market competition.
2. Thorough Research
When you have determined the objectives of building an e-commerce application, it is also time to study the latest industry trends thoroughly. It also involves choosing the ideal target audience for your e-commerce business growth.
You need to find out how your competitors are witnessing success in the e-commerce industry. You have to decide on the technology stack, built-in features, UI looks, feel, etc. to develop an immersive e-commerce app and website.
3. Platform Selection
Seeking a revenue-driven e-commerce app and web development solution will allow you to witness an impressive ROI within a short time. One of the major factors that shall enable you to fulfill this objective is by determining the right development platform.
Leading e-commerce development platforms like Shopify, Big Commerce, Shopify, React Native, Flutter, etc. are serving clients with amazing results.
Now, the question is which one you will use. It entirely depends on your business requirements and other factors. So, you must consult an expert in this regard.
4. Determine Features
Your e-commerce app and website must be packed with appealing features and functionalities. It will let you retain existing customers and also help you attract new customers throughout the year. Observing other e-commerce establishments will enable you to gain plenty of ideas to integrate the right features depending on your e-commerce business type.
5. App and web Optimization
When you have ultimately developed the e-commerce app and website, it has to be optimized or improved constantly with new features or function updates. It will allow you to refine the end-user experience throughout the year.
It will be fruitful to consult an experienced e-commerce web and application development professional. This will help you to smoothly optimize the features and performance of your e-commerce app and website as per the latest industry standards.
What is the Cost to Make an E-commerce Web and App?
It is very difficult to ascertain the exact budget for e-commerce web and app development. When building an application or website to create your online store, the cost is determined by factors like:
- Platform
- Application type
- Project complexities
- Features and technologies
- Development team size, etc.
What are the 5 Coolest E-commerce Development Trends?
1. AR&VR Integration
Nowadays, every business intends to refine the end-user experience of their e-commerce sites and applications. The purpose is to hook the audience’s attention for long hours to explore the various sections of your e-commerce application and website.
At the same time, adding these immersive technologies also empower your customers to select the ideal products very conveniently by conducting virtual trials from anywhere.
2. PWA (Progressive Web Apps)
It will be one of the notable e-commerce trends in 2023 that you have to concentrate on. It intends to boost your profitability and sales alongside improving the experience of customers quite naturally.
Moreover, working on these apps will lower your development expense, ensure a smooth installation, convenient offline activity, deliver quick notifications, and other privileges that will help your business to stand out in the competition.
3. AI (Artificial Intelligence)
When running a business online, you need to know how e-commerce mobile apps influence user behavior. It is mainly due to the integration of artificial intelligence. This technology has simplified the effort of e-commerce firms to smoothly track a customer’s purchasing behaviour and the latest industry trends in advance.
Many industries are using this cutting-edge technology when creating e-commerce apps and websites. It is allowing them to serve the customers with personalized notifications depending on their current attachment or preference with specific products.
Moreover, the use of AI in the e-commerce business is also assisting organizations to identify the right digital communication mediums. The purpose is to establish contact with the large user base. Eventually, it allows them to influence consumers with new items based on their past habits like product searching, product ratings, reviews posting etc.
4. Voice Search
This advanced feature lets you obtain the required search results when you ask Google orally using the desired terms or sentences. It has become an extremely popular search option with time as you do not have to type every time when seeking the right search results.
Hence, adding this smart feature will attract more users to visit your e-commerce app and website to look for their specific products pretty smoothly. Subsequently, it will help to boost the popularity of your e-commerce app and site across the world.
You can communicate with an experienced e-commerce web and application development professional. It will enable you to integrate this advanced feature without much effort.
5. Smart Videos
It is a terrific medium that will allow your e-commerce app and website to engage a vast user base. Posting such videos either regularly or occasionally will help your customers and visitors to know about your business vision and goals quite clearly.
Moreover, using these videos, you will also have the chance to update customers about your upcoming products and services or can announce exciting deals, etc. to improve their online shopping experience quite remarkably.
How Do We Help You?
We are involved in serving clients with result-oriented and revenue-driven e-commerce development services. Whether you are a startup or a Fortune 500 establishment, our team will guide you at every stage to build a scalable, attractive, and secure e-commerce mobile application and website. As a professional e-commerce solutions company, we will help you to take the optimum dividends of the latest e-commerce industry trends.
Our highly experienced team has a sound knowledge of advanced development platforms like Shopify, WooCommerce, BigCommerce, React Native, Flutter, etc. to set up your online business with minimum effort. Besides, conceptualizing, developing, and launching, we also offer cutting-edge support and maintenance solutions to ensure that your e-commerce websites and apps work pretty smoothly throughout the year.
Do you want to build an e-commerce app or website? Assign us with the responsibility to offer you a terrific outcome. To know more about our e-commerce development expertise and experience, connect with our sales representatives now.
How to Develop an E-Commerce App and Website?
Answer: When building a robust and secure e-commerce app and website, you have to take care of plenty of things like choosing the right platform, considering the ideal programming language, UI framework, etc. to achieve a satisfactory outcome.
What are the Steps for Creating an E-commerce App and Website?
Answer: To build an e-commerce app and website, it is essential to observe these essential steps:
- Research and Planning
- Prototyping
- Design and Development
- Testing
- Release and
- Maintenance
For assistance, it will be worth communicating with a reputed mobile app and web development company at once.
How Much Does it Cost to Develop an E-commerce App and Website?
Answer: It is very hard to ascertain the exact budget due to numerous factors like:
- E-commerce app and web development platform selection
- Integrating proper app and web functionalities
- Prioritizing business requirements
- Determining the ideal app and website design, and so on.
How Do E-commerce Mobile Apps and Websites Influence User Behavior?
Answer: E-commerce sites and apps serve your customers with the latest product updates and attractive deals after assessing their previous records of online products purchase and searches. The goal is to influence their purchasing habit quite naturally to boost sales and revenue.