Future of Ecommerce: Top 5 Trends to Look for in 2021

If you are looking to get more traction for your eCommerce store, drive more traffic, and convert them into potential buyers, it’s essential to know the latest eCommerce trends shaping the industry.

The year 2021 was huge for eCommerce as there were several changes given the effects of the pandemic. And that acceleration is expected to continue into 2021 and beyond.

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Did you know!

According to a recent outsourcing stat, in 2021, more than 2 billion people across the world are expected to purchase goods or services online and worldwide retail eCommerce sales will reach $4.9 trillion.

Such influential figures encourage entrepreneurs to recognize current eCommerce trends and create a stunning online store that can help drive business growth. In this article I’ve described some of the top trends that can reshape the future of eCommerce.

Let’s get started.

5 Emerging eCommerce Trends to Check Out in 2021

To help you prepare your business for the next stage in eCommerce, here are the top eCommerce trends to check out in 2021.

#1 The Rise of Voice Commerce

Older and younger generations have, in recent years, have embraced voice assistants such as Alexa, Siri and Google Assistant. They did everything from waking up to buying products online.

Voice commerce sales are projected to reach $ 40 billion by 2022. The increasing accuracy and convenience of voice commerce is critical to optimizing your online store for voice search in 2021.

Another reason for the rise in voice commerce is the increasing accuracy and convenience of technology. Both Google and Amazon are rolling out regional languages ​​in their virtual assistant devices to help consumers shop more easily.

#2 Ecommerce Automation- The Next Big Thing in eCommerce

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Ecommerce automation is a major growing element of online business. This spans from marketing automation to warehousing and beyond. At this level every department or business unit has an element that can be automated to an extent.

This trend is great because it frees up the time and resources of employees for more important work. For example, businesses that have large warehouses to carry out their business may invest in robotics to become more skilled and free employees to perform more important tasks in the fulfilment process.

Supply chain management can be benefited from automation software that can schedule inventory alerts to reorder when stocks run low. With a little research you can easily find a software that will help your product. You can also build up your own software by seeking the help of a software development company.

#3 Emerging Markets Will Play a Big Role

Emerging markets such as India, China, Brazil, Russia, and South Africa are projected to play a larger role in the future of e-commerce. This may not be entirely surprising, given the recent growth of economies in some countries, but let’s go a little deeper.

It is estimated that a potential 3 billion buyers from emerging markets will have access to the Internet by 2022. It was also expected that 20 percent of all retail sales in 2022 would come from buyers who currently reside in those emerging markets.

The most exciting part about all of this is that a lot of these markets are relatively untapped by existing ecommerce businesses at the current time. This means that there is a ton of potential for existing businesses to drive out and reach new audiences.

It also means that there are plenty of opportunities available for new eCommerce brands to pop up in those emerging markets, and tailor their services to local audiences.

#4 Elevating User Experience with AI, AR, and VR

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By 2022, online sellers will spend $ 7.3 billion on AI, and more than 120,000 stores will use AR technologies to provide a rich experience to shoppers. AI provides personalised guidance and recommendations to customers based on their behavior.

In addition, implementing AR and VR technologies will allow your customers to see how a specific product will look on them, resulting in an enhanced shopping experience. Another add-on to the tech-stack is PWA Scan and Go.

One of the finest innovations that Magento PWA Studio has to offer is the PWA Scan and Go feature. It allows customers to purchase and pay for items only through a scan process. The barcode of the product is to be scanned using a Progressive Web App (PWA) built on top of the Magento store.

#5 Hyperlocal Marketplace

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Digital development is at its peak and can be expected to reach new heights in the future. One such specific development is the hyperlocal marketplace. This has completely changed the outlook of the global market.

First, let’s take a look at what a hyperlocal marketplace actually is. It connects consumers to local retailers who belong to the same geographic region.

Why is hyperlocal such a buzzard? Recently, we have all been witness to a pandemic situation, COVID-19. Due to emergency lockdowns in various parts of the world, there were individuals who were trapped in their places without home-aid.

Under such conditions, Hyperlocal Services gained momentum and served millions of customers worldwide. Hyperlocal services can be effective to meet urgent needs.

Hyperlocal offers no-contact, online payments and not only this, because people don’t need to travel to physical stores to shop and place their orders in their porches, the hyperlocal marketplaces strictly abide by the contactless delivery scenarios.

Wrapping Up

The future of eCommerce is undoubtedly going to be full of exciting changes and innovations for both businesses and buyers.

Whether you’re a business owner, or working at an eCommerce company yourself, it’s essential to try to keep your finger on the pulse when it comes to changes in the eCommerce landscape.

So, always be ready for the upcoming eCommerce trends and if you need any further assistance then do contact the top eCommerce development company in India. They will surely cater all your business needs.

Good Luck!!