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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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.

SEO Website Design Tips for Small Businesses

As a small business owner, you may feel like you need to do everything at once. Build your site, generate great content, advertise, keep up with search engine algorithms, learn who your audience is, learn who your competition is – and on and on that list goes. At these stressful moments, it is important to step back and remember the adage “slow and steady wins the race”. Your business wasn’t built overnight, and neither will your digital marketing be. The key to effectively marketing your small business is knowing where to put your efforts first. Website design is one of the most important elements of that and is a great place to start. Once you have the basics of your web design ironed out, you can do more work here and there to complete your digital marketing strategies over time. Not sure where to start? Our Nashville web designers offer six tips for getting started. SEO Website Design Tips for Small Businesses 1. Learn how Google Crawls Your Site As you are building your website and planning for your future in digital marketing, it is important to understand how Google crawls your site. That means understanding what it is that Google looks for on websites when they rank them in search engine results. Google’s algorithms change routinely, but there are a few concepts that are always the same – such as SEO and website design. When ranking websites, Google looks at factors like: Utility and usability (user-friendliness, page load speed, graphics loading, etc.) Content (quality long-form content) Long-tail keywords Related key terms Backlinks Internal linking strategy Optimized media 2. Choose a Clean and Simple Layout As you get started with website design, one of the best ways to start is by choosing a clean and simple website layout. You want users to be attracted to your site and engaged with it, but you don’t want it cluttered or distracting. Choose a design that speaks to your brand and mission. Choose a color scheme that matches your logo and branding. Make sure your font is easy to read. Use the same template style for all pages. 3. Make Sure Your Site Performs Yes, Google crawls and ranks based on SEO, but they also crawl and rank based on performance. That means you should make sure your site is optimized for fast page load speed, mobile use, and image speed. If your site only works on a computer, you will lose an endless number of possible mobile users. 4. Use a Consistent Layout and Formatting Web design is just one aspect of building your brand. You should make sure that your website layout and formatting is consistent with other marketing materials, such as social media. Being consistent helps you establish your brand and makes you easily recognizable to customers from various platforms. 5. Use Every SEO Opportunity Search engines match up results with websites based on their optimization and relevance to the search term. That means you should use every SEO opportunity you have. That means including your keyword in the page title, meta description, and URL. If your page is titled “Best Dog Toys”, your meta description should include that phrase, and your URL should be something akin to www.yoursite.com/best-dog-toys. 6. Add Alternative Text on Your Images Alternative text, or ALT text, is an SEO tactic that seems small but can have big results. When you add an image to your webpage, you will have an option to add ALT text or an ALT tag. You want to put your keyword in that box so that search engines know that your image also links to your keyword for the page. Your images are indexed just like content. Put It All Together As you can see, there are many aspects to web design. For a small business, one of the best things you can do is to make a plan for where you will start and what goals you want to accomplish here and there. By using these six tips as you build your website, you will have a solid foundation for your digital marketing that will last a long time. For the latest trends and challenges in SEO click: https://whitepeak.io/blog/seo-trends-challenges-2022/ Read Also: Tips on Building Your Resume for a Website Design Company How to Design an Effective Company Website 7 Rules of Effective Ecommerce Web Design

Would Your Ecommerce Website Pass the Cybersecurity Test? Here are 3 Things You Could be Doing Wrong

There is no doubt that cybersecurity is a considerable concern in the modern age, both for business owners and consumers. This is particularly relevant in the case of newer technologies, with an estimated 98% of all tested web apps thought to be vulnerable to a cyber attack. So, we face up with problems of qualification of IT security workers, the importance of Certified Information Systems Security Professional Certification, upgrading of computer systems and mainframes, etc. This is an entirely staggering statistic and one that should worry about every website and e-commerce business-owner in the UK. It also highlights the fact that your website may not be as secure as you think, so here are three things that you may well be doing wrong: 1. Focusing Too Much on Prevention Rather Than Detection : Team of Primetimeesay.com has checked a lot of papers and asked heads of IT security departments about the problems they face in their work first of all. According to the interviews, there is often a chasm between the length of cyber attacks and the subsequent time taken to discover and respond to them. An initial strike may be over in a matter of minutes, for example, while it reportedly takes an average of 256 days for it to be identified. This issue can be at least partially resolved by placing a greater emphasis on detecting cyber threats and attacks rather than striving to prevent them merely. After all, sophisticated hackers and malware programs may be able to breach even the best defenses, so your organization must have a viable strategy to detect and respond to attacks after they have been launched. 2. Relying Solely on Compliance : While complying with industry guidelines and mandatory regulations is an important consideration, it is by no means guaranteed to protect all types of cyber-threat. In fact, it may be argued that they provide little more than minimum requirements to adhere to, and the fact remains that you must strive harder to keep your eCommerce site safe. This is particularly true when it comes to handling consumer and corporate data of a sensitive nature, as in this case the majority of compliance law has been created from a legal perspective. So, always try to go above and beyond when securing your website and the details of your customers, while ensuring that you have 128 or 256-bit encryption to safeguard all financial transactions. 3. Failing to Appreciate the Differences Between Penetration Testing and Vulnerability Scanning : Make no mistake; penetration testing and vulnerability scanning are two very different concepts, and confusing them can cause significant security issues for your website. While vulnerability scanning is a formulaic and best security test performed by systems, for example, penetration testing provides a far more in-depth examination of your website and its level of resistance to cyber-attacks. This is especially true when the tests are carried out by a reputable service provider like Nettitude, as this type of company uses humans to emulate the relentless and aggressive actions of genuine cyber-thieves and hackers. This intuitive and in-depth testing offers a genuine insight into your website's level of security, while it can help you to take proactive steps towards safeguarding your business. Read More : How To Get Product Ideas For Your E-commerce Business Are Debt Consolidation Loans Recommended For Credit Card Consolidation What Can I Do To Make My Company Website More Profitable And Powerful?

Ecommerce Software Development Trends