Top ECommerce Trends That Will Dominate in 2018
As per a recent report, the Ecommerce Development is booming and ECommerce sector will witness doubledigit growth till 2020 and by then its sales are expected to exceed $4 trillion. There are not many industries or sectors which can boast of such a high growth in coming years and that’s why the world of ecommerce looks very exciting. We have been seeing Ecommerce for the last decade or so and during this period it has evolved a lot. From having just an online presence through simple ecommerce websites, the domain has come a long way as now it is adopting mcommerce mode too. Other than this, there are so many trends which have been surfacing on the industry horizon each year. 2018 also will not be an exception as in this year too there are a lot in store for ecommerce site owners who want to draw the customers attention with innovative selling methods. Let’s discuss about some of the e-commerce trends that are going to dominate in 2018 and beyond.
l Great Use of AI and Machine LearningRight now there is high demand for AI and Machine Learning technologies all around the world and so many big IT giants are investing heavily in this space. It looks certain that the eCommerce sector too will continue to be disrupted by greater integration of artificial intelligence and machine learning technologies in 2018. Machine learning has already been included into many eCommerce portals, from product recommendations engines to improved search functionality. In 2018, we will see an exponential rise in the applications of these technologies.
That’s why Ecommerce Development Company will have to implement more high end technologies in the ECommerce websites and applications in 2018. For example one such area of eCommerce which has seen high level of sophistication is the rise of customer service chatbots and we will see more development in these in 2018. These new applications will be very helpful and will be able to handle more complex tasks. Facebook is already offering some retailers access to new chatbot tools. Due to development in machine learning technologies, product recommendations are also poised to become even more accurate and helpful. Hence we will see more personalization of results based on consumer’s shopping preferences.
l High Growth in Mobile Checkout and IoTWe cannot complete the list of latest eCommerce trends without the inclusion of the exponential rise of mobile ecommerce specially mobile checkout and payment systems and the continued rise of internet connected devices. Mobile payment is witnessing huge growth and there are atleast 10 different mobile payment platforms available today in the market including Apple Pay and Google Pay and other offerings from several banks. As more people are moving away from cash hence we will continue to see more adoption and development of mobile payment systems throughout the year 2018 and beyond.
One more closely related eCommerce trend which will gain more ground in 2018 is the Internet of Things or IoT. So many companies are trying and launching smart devices which can connect to the internet and can serve as another point of sale system.
Conclusion
As the ECommerce domain is right now highly dynamic in nature therefor success will come to those who are more than willing and ready to bring more innovative ways and technologies to stay in the competition. If you will follow the above latest eCommerce trends in 2018 then your business can have a dominant position in the market. In 2018, we expect to see these and lot more innovative trends in eCommerce market which will make the shopping experience of consumers lot more easier, faster, accurate and more convenient.
l Great Use of AI and Machine LearningRight now there is high demand for AI and Machine Learning technologies all around the world and so many big IT giants are investing heavily in this space. It looks certain that the eCommerce sector too will continue to be disrupted by greater integration of artificial intelligence and machine learning technologies in 2018. Machine learning has already been included into many eCommerce portals, from product recommendations engines to improved search functionality. In 2018, we will see an exponential rise in the applications of these technologies.
That’s why Ecommerce Development Company will have to implement more high end technologies in the ECommerce websites and applications in 2018. For example one such area of eCommerce which has seen high level of sophistication is the rise of customer service chatbots and we will see more development in these in 2018. These new applications will be very helpful and will be able to handle more complex tasks. Facebook is already offering some retailers access to new chatbot tools. Due to development in machine learning technologies, product recommendations are also poised to become even more accurate and helpful. Hence we will see more personalization of results based on consumer’s shopping preferences.
l High Growth in Mobile Checkout and IoTWe cannot complete the list of latest eCommerce trends without the inclusion of the exponential rise of mobile ecommerce specially mobile checkout and payment systems and the continued rise of internet connected devices. Mobile payment is witnessing huge growth and there are atleast 10 different mobile payment platforms available today in the market including Apple Pay and Google Pay and other offerings from several banks. As more people are moving away from cash hence we will continue to see more adoption and development of mobile payment systems throughout the year 2018 and beyond.
One more closely related eCommerce trend which will gain more ground in 2018 is the Internet of Things or IoT. So many companies are trying and launching smart devices which can connect to the internet and can serve as another point of sale system.
- Voice Search Everywhere
- Augmented Reality and Virtual Reality
Conclusion
As the ECommerce domain is right now highly dynamic in nature therefor success will come to those who are more than willing and ready to bring more innovative ways and technologies to stay in the competition. If you will follow the above latest eCommerce trends in 2018 then your business can have a dominant position in the market. In 2018, we expect to see these and lot more innovative trends in eCommerce market which will make the shopping experience of consumers lot more easier, faster, accurate and more convenient.