Future e-commerce Trends: 5 Possible Forecasts for 2020
In the year 2017, e-commerce sales were 24.8%, and this year
2018, it has already increased by almost 10%. It is predicted that by the year
2021, e-commerce growth will certainly be around 50%. Of course, the e-commerce field is spreading vastly. For example https://www.noon.com/uae-en/, https://www.amazon.com/ these are happening only due to the present e-commerce
trends. No know more about upcoming trends for the business, first, read this
article. In this article, you will find “Top 5 trends that will take over half
of the physical marketplace in 3-4 years”.
Our Thoughts
Important to realize, That day is not very far from now when
we don’t need to do business physically. In the future people will run their
shops by sitting at home, using just pcs’, mobiles and tabs. There are many
reasons why this e-commerce field will rock the world.
Future Predictions of eCommerce
On the positive side, we expect e-commerce to change at an
even faster rate as now. Surprisingly, brands embrace the power of voice search
and Omni-device options. 40% of millennials are using Voice assistants. It is
expected to go beyond 40% by 2020. This transformation of the digital retail
landscape will only continue to grow as more and more consumers bring digital
devices into their shopping habits.
Enough of the Introduction. Now, you are going to
know the top 5 eCommerce trends that will rock the e-commerce business.
Top 5 eCommerce
Trends
Trend 1: There will
be an Entrepreneurial eCommerce Breakout:
Ecommerce will become more important than ever before in
2018. Fortunately, it’s also pretty easy to get started. It is expected that a
hell of a busy time is coming for e-commerce business people. It has the scope
to grow more and more. Businesses with physical outlets are now stepping onto
the online platform. Due to buyers' frustration from traffic, distance, or lack
of transportation facilities they were falling apart.
Ecommerce provides us with the ease of purchasing. People
can easily buy with a few clicks laying in bed. If not just yet, it has a
really wide window to grow through and take over physical businesses.
Trend #2: The Rise of
Smarter, Faster, Blockchain-Enabled Artificial Intelligence:
AI will focus on personalized shopping for eCommerce
customers. Now, brands are beginning to highlight customer-based engagement in
all of their online business area. They use their social media platforms.
Buyers will see personalized ads relevant to their shopping habits. Hence,
higher chances to buy a product. AI will figure out the interest of buyers
based on browsing and shopping history. Then it will show them products
according to their interests.
Chabot
There are high chances that catboats will replace the
employees at customer service. Especially, day by day, technology is raising
them to a smarter level. Furthermore, combined with opportunities like blockchain technologies.
Trend #3: Customer’s
journey In the Field Will Get Smarter and easier:
From AAI-software-powered virtual personal shoppers to
personal recommendation technology, the future of retail will undoubtedly
become more personalized.
Mobile is the New
Normal
Rishabh Software stated in 2017 that a report from ComScore
showed e-commerce growth overshadowed all other online retail spendings, by over
three times.
It is predicted that the number of smartphone users will top
five billion by 2019. Hence, e-commerce will continue to expand the abilities of
online shopping and mobile spending.
Trend #4: Video in
Content will have a huge influence:
It is predicted that this year will definitely be a year
where brands get smarter about measuring their ROI, but there will be a larger
allocation of content and videos will occupy a huge proportion in it.
A few important data
to mention the use of videos:
The use of videos has been seen by over fifty percent of
marketing professionals globally to bring the highest ROI.
Marketers who use video grow revenue almost twice as fast as
non-video users.
Data show that 64% of consumers make a purchase after
watching branded social videos!
Reasons to use video content
Most executives agree that buyers, in most cases, choose
videos over texts and images on any topic. Demonstrating the use of something
physically is always more reliable. According to statistics, social video
produces way more shares than images and text combined. This is a new,
extremely effective tool for bringing our audience together around our product.
Trend #5: There is
also a prediction about the upcoming change in online shopping and it goes as
follows:
Very soon, people will not be required to undergo the hectic
process of card verification while making a purchase.
Today e-commerce model is filled with friction and creates a
lot of burden on customers. In the near future, the digital fingerprint of a
buyer will allow retailers to identify a customer.
Boundaries between channels associated with online commerce
will start to fade.
Today retailers are focused on the surge in mobile
transactions. At present, it’s certainly important. However, a couple of years
from now categories will get less highlighted and it won’t make a difference
whether we pay via phone or web browser, locally or internationally. As the
consumer’s experience begins to look the same regardless of where customers
enter to make a purchase, they will find the method very seamlessness.
Detection and prevention of fraud will be through the use of
complete automatic equipment.
There will be real-time decision-making equipment fed with
rich data. This will bring less friction to customers, be less costly, and
lower loss of merchants all of which arise from manual reviewing of
transactions.
There will be same-day shipping everywhere.
Fast Shipping
Currently, Amazon Prime’s two-day shipping is highly
demanded by many. Who would want to hold on and on till they would receive
their desired, awaited products! With time, people will become more and more
habituated in the easy-purchase methods. Hence, they will only demand more. It
is only a matter of time that people would be concerned about the delivery
time. Indeed they would compare with instant product-receiving opportunity at
physical outlets. Some companies are already moving towards testing one-day or
same-day shipping.
Perfect Time to start
your business
Ecommerce certainly has a bright future. Stretching from
customer behaviors to market
