Ecommerce Software Development Trends

Published on: 04 June 2021 Last Updated on: 03 January 2025

In the past year, eCommerce has expanded from being something that would guarantee convenience to become somewhat of a necessity. In fact, according to experts, it has been one of the major avenues that have kept the global economy going.

When the pandemic hit and lockdowns ensued, policymakers quickly realized that Ecommerce could be a major way for enabling people to access resources.

Even before the pandemic hit, Ecommerce commerce was growing at staggering double-digit growth rates. According to UNCTAD, global Ecommerce has hit 25 trillion in 2018!

For businesses, this means an exciting new opportunity. You can either take your physical brick-and-mortar store online or you can simply start an eCommerce platform and become an aggregator.

In this resource article, we are going to focus on the best Ecommerce software development trends for businesses.

List of 5 Major Ecommerce Software Development Trends

1. The Rise of Ecommerce Platforms-

Retail software development has benefitted from the emergence of easy and simple eCommerce platforms. You do not need to spend a ton of money to start your own venture. You can easily choose between great platforms like WooCommerce, Shopify, Joomla, and BigCommerce. This has made it easier for people with lower investments to get into business in a short time.

2. The Growth of PWAs to boost Ecommerce-

Ecommerce is all about the app experience. The rise of smartphones and internet technologies have made it possible to create immersive shopping experiences in apps. However, just like the last point, small businesses cannot afford to break the bank in terms of custom app building. Enter PWAs or Progressive Web Apps. These mimic the website experience like an app.

3. Voice Search Influencing Ecommerce-

Look around you. There is a huge proliferation in the number of smart devices we are using to communicate with the internet. From home assistants like Alexa to connected Car technology and Google Assist on our phones, we are speaking to search engines and allowing them to help us. Ecommerce web development should take into account the role of voice search.

You would have heard your friends or relatives bragging about how they got a great lamp from Facebook’s Marketplace. In fact, for experts, this is the next logical step in the evolution of eCommerce. As a business that is looking to get into this field, you must focus on omnichannel eCommerce sales and marketing. This can open up entirely new avenues for sales.

5. The Impact of Augmented Reality on Ecommerce-

Tech innovators and software developers are now looking at ways and means of creating as realistic an eCommerce buying experience as possible. This is why Augmented Reality or AR is going to become the next big thing in eCommerce software development. People want to see how they would look if they would be able to have a virtual try for the products they buy.

The Ecommerce Software Development Support System: What is it?

While the above technologies are some of the biggest trends in the eCommerce software development ecosystem, there is more that meets the eye.

Every developer or entrepreneur who has started an Ecommerce venture knows one thing for sure- it is all about the experience.

To support this, there are three major verticals that you need to take into consideration. In this section, we are going to list them down-

The Cloud Support–

When you are hosting an Ecommerce website you are handling tons of data and details that not only need lightning-fast processing speeds but also guarantee a safe and secure environment. This is where the Cloud becomes important when it comes to creating a good user experience for the platform.

Payment Solutions Providers-

The growth of Ecommerce happened around the same time when the Fintech industry started booming. The better the payment solutions providers, the easier and comfortable will be the user experience. As a business, you will have to pick the ones that can benefit the business to the greatest possible extent.

Mobile Commerce-

Do you think that the Ecommerce industry would have taken off in the way it did if smartphones did not exist? Probably not. This is why mobile or M-commerce has become such an integral part of Ecommerce software development. Mobile responsiveness, experiences, and speed are what make a good platform great.

The Bottom Line:

There is a reason why the advent of new technology is taking Ecommerce software development to new heights. In this article, we have tried to look at some technologies that are redefining the Ecommerce ecosystem. We have also looked at technologies that are considered as the bare foundations that help in setting up an Ecommerce platform that is solid in terms of UI and UX. If you have any other questions that you want us to answer, drop them in the comments section below.

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Interactive Website Tools: Exploring Strategies For Engagement And Conversion

Beyond the aesthetics of modern web design lies a realm of functionalities designed to entice, intrigue, and encourage action. It's not just about displaying information anymore; it's about creating a dynamic dialogue between the site and its visitors. From clever countdown widgets that build anticipation to popups that capture attention at just the right moment, interactive tools are redefining the digital journey. As you embark on this exploration, you'll discover how these tools can be the key to not only attracting eyeballs but also driving tangible results. So, are you ready to unlock the next level of online engagement and conversion? Let's dive deeper. Interactive Tools For Websites: Why It Is Crucial In the vast universe of the Internet, websites often face the challenging task of standing out amidst a sea of competitors. It's no longer enough to simply be online; success hinges on how well a website can interact with its users. This is where interactive tools make a monumental difference. The Link Between Engagement And Conversion Every click, scroll, or hover on a website tells a story — a story of a user's journey from a curious visitor to a potential customer. Engagement is the first step in forging a connection. When visitors are actively interacting, they're investing their time and emotion into what the site has to offer. This active participation paves the way for conversions, whether it's signing up for a newsletter, making a purchase, or any other desired action. Simply put, higher engagement can often translate into higher conversion rates. Benefits Of Interactive Features For Visitors And Businesses For visitors, interactive features offer a personalized, immersive experience. Instead of passively consuming content, they're invited to participate, making their online journey more memorable and impactful. Whether it's a quiz that offers tailored product recommendations or a chatbot providing instant support, these features make the user feel valued and understood. For businesses, the advantages are manifold. Interactive tools can lead to increased dwell time, providing more opportunities for branding and message reinforcement. They offer valuable insights into user behavior, preferences, and pain points, allowing businesses to fine-tune their strategies. Pioneering Engagement Tools: A Closer Look Delving into the world of pioneering engagement tools reveals a medley of innovative strategies designed to enthrall users and drive conversions. Here's a closer look at some game-changing tools that have redefined the way we interact online. Countdown Widgets How They Work: At its core, countdown widgets for websites are digital timers, ticking away the seconds and minutes of a particular event or deadline. Be it heralding the launch of a new product, highlighting the end of a sale, or marking the start of a webinar, these widgets play on human psychology. The ticking clock creates a palpable sense of urgency and anticipation, compelling users to act before time runs out. To maximize the effectiveness of countdown widgets, it's crucial to employ them judiciously. Overuse can desensitize users to a sense of urgency. Moreover, always ensure that the event or deadline you're counting down to holds genuine value for the user. Pairing the widget with compelling visuals and concise, action-driven text can further amplify its impact. Popups [caption id="" align="alignnone" width="2400"] Popups[/caption] Different Types Of Popups: Popups are versatile tools that can serve various functions. Informational popups. These are designed to update users about essential website changes or privacy policies. They're typically concise and straightforward, ensuring users are informed without overwhelming them. Promotional popups. They are the digital equivalents of storefront sale signs. These might advertise a limited-time offer or discount. Feedback popups. They might ask for star ratings, brief comments, or even detailed reviews, helping businesses understand their strengths and areas of potential enhancement. Email subscription popups. These popups invite users to stay connected by subscribing to newsletters, updates, or exclusive offers. Exit-intent popups. Triggered when the system detects a user is about to close the tab or navigate away, exit-intent popups present a final, compelling offer or message. The key to popups is moderation. Bombarding users with incessant popup messages can swiftly turn intrigue into irritation. Timing is crucial. For instance, an exit-intent popup can be a last-ditch effort to retain their attention. Similarly, understanding the user's journey can help in strategically placing popups for maximum effectiveness without being intrusive. Interactive Surveys And Quizzes Surveys and quizzes engage users actively, making them feel part of a two-way conversation. When a user takes a quiz, they're not just absorbing information; they're sharing insights about their preferences and needs. This enables websites to tailor content and offers precisely to the user, enhancing relevancy and driving engagement. Beyond personalization, these interactive tools are goldmines of data. By analyzing responses, businesses can pinpoint audience segments, refine product offerings, and sharpen their marketing tactics. In essence, every user interaction becomes an opportunity for businesses to learn, adapt, and evolve. Live Chat Features Live chat serves as a digital concierge, connecting users with businesses in real time. No more waiting on hold or navigating through tedious email threads. With just a click, users can pose questions, raise concerns, or simply chat, fostering a sense of immediacy and personalized attention. Gamification Elements Games aren't just for fun; they're powerful engagement drivers. By incorporating gamification elements like points, badges, or leaderboards, websites transform mundane tasks into exciting challenges. Whether it's completing a profile, sharing content, or making a purchase, gamification rewards users for their actions, making their digital journey feel more like an adventure than a chore. User Testimonials And Reviews Nothing vouches for a brand like the voice of its customers. User testimonials and reviews provide an unfiltered glimpse into real experiences, offering prospects both validation and reassurance. These authentic narratives, beaming with praise or constructively critical, solidify a brand's credibility, paving the way for trust and long-term loyalty. Avoiding Overwhelm: Less Can Be More In the intricate dance of digital engagement, it's not always about having more tools, but about wielding them wisely. While it might be tempting to incorporate every interactive feature available, bombarding users with too many stimuli can lead to cognitive overload. It's like walking into a room with blaring music, flashing lights, and a crowd vying for your attention all at once. The key is to curate and prioritize. A well-placed popup can be effective, but combine it with constant notifications, quizzes, and live chat prompts, and you risk alienating the user. Remember, the goal is to guide and engage, not to overwhelm. By being discerning in our choice of interactive elements, we can ensure that users not only stay but also enjoy their digital journey.

Tech Challenge for Lenders – UMDP Data Standardization to Aid Closing

The mortgage industry overhauled its processes and technologies with the TILA/RESPA Integrated Disclosure (TRID) Act rolling out. Technology initiatives that created competitiveness between banks soon became the norm. Compliance needed to move north. Now, automation has made paperless mortgage a reality with loan origination software, retail point of sale, customer-direct solutions, and electronic documents providing complete end-to-end support. Regulations are constantly changing and lenders, still in their TRID hangover, need to do more. What is UMDP? In the pre-recession era (before 2008), borrower and loan information was sourced and stored by different agencies. Siloed information hindered different players from accessing true data and it was usually shared by email. This resulted in errors and insufficient access to data in the banking system. Uniform Mortgage Data Program (UMDP) is the last leg to the realization of the electronic mortgage. Just as TRID brought in enhanced data quality in the origination, UMDP will improve data standards in closing disclosures and data interpretation. Government-sponsored enterprises (GSEs) have indicated, come 2017, they will refuse to buy loans that fail to conform to the Uniform Closing Dataset (UCD) standard. The Federal Housing Finance Agency (FHFA) is directing government-sponsored agencies (GSEs) to create a common approach, protocol, and data set for mortgage data. The common data set, which is understood by all, will improve data accuracy. Definition ambiguities of loans purchasable by GSEs can be avoided. The lenders can capture granular data of a particular standard. The Uniform Collateral Data Portal (UCDP) will be one electronic portal through which all lenders can submit appraisal data. The Uniform Appraisal Dataset (UAD)will provide common definitions and requirements of appraisal data. The Uniform Mortgage Servicing Dataset (UMSD) will define the data set with standardized definitions, formats, and values. The Uniform Closing Dataset (UCD) will provide standard data for the closing disclosure form. UMDP may have bestowed the entire industry with mortgage data becoming uniform and accurate, but the upgrades rigmarole still worry lenders. However, GSEs have chosen to be capable of verifying underwriting data and audit data anytime. Customer preference lies with a seamless closing process and the impetus for lenders will be to transition into e-mortgage. Fannie and Freddie have already announced that they will purchase loans if the appraisals were submitted electronically and met the UAD standard. Technology vendors are already ensuring that their solutions transform appraisal information into data compliant with the Mortgage Industry Standards Maintenance Organization (MISMO). Manual processes are slowly fading and lenders are going to cloud-based mortgage origination and servicing software. The entire process needs to be seamless to ensure compliance from origination to closing. Today, the challenge for loan origination software is compliance, but tomorrow the focus will be imminently on collaboration. It will be important to have data which can be shared and understood by all. Standardization helps loan originators and customers to access data from diverse sources and interpret them effectively. Data standardization is the key driver for e-mortgage and paperless origination and closing. UMDP will be the “new normal” and help the industry to standardize their processes for better visibility and faith in the system. Preethi vagadia is a business architect worked in Mortgage and Finance software department with top notch companies and has over 8 years of experience in Mortgage Lending Technology,Mortgage Technology software, mortgage management software, etc. She has also worked on several process improvement projects involving multi-national teams for global customers in warranty management and mortgage.

4 WordPress Plugins to Make Your Blog More Powerful

Starting a blog is one thing, but making it successful requires a lot of creativity and dedication. The blog is considered as an integral part of the lead generation process because it not only converts a random person to a potential lead but also helps him make better decisions. It is due to the reason famous B2B companies Cloudways and Design Mantic believes in doing effective blogging. These companies are not only writing blogs to promote their services. But, they are producing remarkable content to quench the thirst of their prospects. And, this is where WordPress serves as a tremendous CMS. If you are running a WordPress-hosted blog and looking for results-driven plugins, then you have reached the right place. Here, I will reveal some of the most amazing WP plugins that will take your blog to the sky in no time. So, here you go… All in One SEO Pack If you are eager to make your blog successful, make sure to satisfy search engines. However, it is only possible if you are using an appropriate SEO friendly plugin for your WP hosted blog. Despite of hundreds of plugins, I prefer All in One SEP Pack. The reason is quite obvious. It is easy to use, extremely effective and helps in optimizing the content through brilliant use of targeted keywords. Therefore, if you haven’t been optimizing your blog for search engines, then it is a perfect time for you to download this plugin for better outcomes. Akismet When running a blog, it is extremely essential for you to keep it protected against spammers. Because once you become the victim, you will have to go through some serious problems as far as the rankings and traffic is a concern. To help resolve this issue, Akismet is a highly recommended anti-spam plugin for WP users. The best thing about this plugin is that it picks the spammers quite early and stops them make any unwanted activity within the blog. It is because of this reason I would suggest you install Akismet to your blog right now. SumoMe Running a blog without social sharing buttons is like writing a book and keeping it at home. Remember, attracting thousands of visitors to a blog won’t maximize the effect until you install a social sharing plugin. For this, I would strongly advise you to use SumoMe. Industry influencer and a great human being Jeff Bullas also use SumoMe to help his readers share valuable content across all the gigantic social platforms quite easily. So, what are you waiting for? Hello Bar I believe that there is no other plugin better than Hello Bar for generating leads. I have been using this plugin for quite some time and it really helped me improved the figures quite drastically. There are two factors that make Hello Bar a legit choice for lead generation. The first one is its compatibility with WP and the second one is its attractive interface. If you are desperately looking to attract more potential customers, then I would suggest you use Hello Bar as a vital source. Read More: 7 Reasons Why You Should Be Using A CDN With WordPress WordPress Developer: Job Profile And Key Responsibilities Bloggers, Beware! Blogging Mistakes You Should Avoid

Ecommerce Software Development Trends