The idea of e-commerce app development is sustainable. It is not only sustainable but also unlock a rich pool of benefits you gain that you don't get with traditional commerce process. In the article, we will answer why entrepreneurs must invest in E-commerce app development. Let us head into the article.
Is E-commerce app development idea Sustainable?
The foremost query related to why entrepreneurs should invest in E-commerce app development is regarding sustainability. Most entrepreneurs want to find out if their investment will be sustainable or not. Here is the answer researched from well-known sources like Statista and Hostinger.
- 26% of the world's purchase is made from E-commerce apps
You will be fascinated to hear that there are 2.14 billion e-commerce shoppers around the world. And 26% of the purchases of goods are made from E-commerce retailers all over the world.
- Nearly 45% of e-commerce sales come from mobile devices
In 2018, 40% of sales came from mobile devices, either through the mobile app or a web app. This stat rises rapidly, and in 2023, more than 45% of purchases are made from mobile devices.
- 90% of users likely to make a purchase from apps
On E-commerce apps, you can make a purchase, check prices, review products, and more. However, 90% of people users actually purchase from E-commerce apps instead of just using them to check prices and reviews.
- The E-commerce growth rate is 10.4%
By 2023, the Ecommerce growth rate will achieve 10.4%. It will accumulate to sales of around $6.3 trillion which is definitely a sustainable business niche for entrepreneurs.
- Social e-commerce is future
In case you are targeting a social media app development, even that can let you step into the E-commerce business. Social e-commerce apps will generate $30.73 billion in 2023. It accounts for 20% of E-commerce sales.
- E-commerce market revenue to reach $4.11 trillion
E-commerce app development will put you into a sweet spot where you can earn massive revenue. By 2023, the E-commerce market revenue will reach$4.11 trillion and $6.35 trillion by 2027.
The above stats present you the evidence regarding the sustainability of E-commerce app development. Let us take a look at the benefits you get when you build an E-commerce app.
Why should you invest in E-commerce app development?
Whether you are planning to build an E-commerce mobile app or web app, the below reasons to invest in further clear our confusion if you should invest in an E-commerce app or not.
- Delivering smooth access to customers
Customers in the digital world look for smooth access to purchasing goods. The smooth access should also ensure that everything is delivered to them the quickest. With an E-commerce app, you will deliver smooth access to the customers. They can buy products right from their house, ensuring the smoothest, most flexible, and most convenient buying process.
- Unlocking personalized experience
In the traditional commerce process, it is complex to personalize the purchase experience of the users. You still have to make sets of consumer behaviour and physically invest in the products to display the personalized sets. However, with E-commerce app development, you can achieve a personalized experience for every user by using the power of Artificial intelligence. The AI solutions embedded into your E-commerce app by app development company will ensure that all your customers are screened thoroughly. This includes understanding customers in terms of their:
- Buying frequency
- Spending budget
- Product niche
- Buying suggestions
And the list goes on. You can increase your conversion rate and sales through an E-commerce application.
- Staying connected with customers
Push notifications have been a key ingredient for staying connected with customers. When users install your E-commerce app, you can send personalized push notifications. For example, you can use their name at the start of the message and deliver special discounts, deals, and events for them. This offers the customer a sense of connectivity with your business. You can showcase that you care about your customers at the peak. The overall brand loyalty towards your business increases, and you gain long-term customers.
- Offering a better customer support
Gone are the days when you had to hire tele callers for your business with the motive of solving customer care. Now you can build chatbots like ChatGPT. Your AI program will answer most of the queries of your customers. In case there are complex queries, you can connect the customers directly to your customer executives through the live chat model. With E-commerce app development, your overall customer support enhances to an advanced level.
Final words - E-commerce app development
E-commerce is going to become a stable Trillion-dollar market. The stats shown at the beginning of the article proves the sustainability of investment in E-commerce app development. Further, the benefits of building an E-commerce app are rich enough to deliver you a successful business. So, what are you waiting for? Feel free to head towards building your E-commerce app and be a part of the trillion-dollar market.
Article Source: https://writeupcafe.com/why-must-entrepreneurs-invest-in-e-commerce-app-development-2/
We all know what Blockchain is and how they can revolutionize E-commerce and retail business.
Yet, there are a few who have less knowledge about its potential.
By 2021, 25% of the Global 2000 will utilize Blockchain benefits as an establishment for digital trust.
As a decentralized model, the Blockchain innovation carries alongside its transformative capacity to streamline all the retail operations including; supply chain, logistics, product validness, installments and trustable design of a system of operators.
Security, consistency, cost, time, quality, responsibility and risk come as key components to consider while maintaining a business online.
Since the entire procedure is done cryptographically, trust is initiated in the information itself.
