Get Free in-depth analysis on key eCommerce trends 2021 & top platforms. The paper contains 2020 market report, first time reveals LitExtension inhouse data Type a message
The Global E-commerce marketplace Ecbilla brings latest e-commerce updates in the form of news, press releases, articles and blogs on various topics.
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Online shopping used to be a convenience but is quickly becoming a necessity. A lot of new ecommerce trends are emerging at an unbelievable speed. It’s crucial to know about the latest trends as it could help you get more traffic and conversions. That’s why we came up with this visual asset.
In this PPT, Techosquare will tell you about 4 ecommerce trends to keep up with so that you can make huge sales and attract potential customers in 2021.
Here are some latest ecommerce trends to consider in 2021:
Mobile shopping and mobile payments
It has been estimated that mobile sales will reach $3.56 trillion in 2021. This would be 22.3 percent more than the $2.91 trillion sales it registered back in 2019. So, ensure to make your ecommerce store mobile-ready.
Chatbots
The concept of using chatbots in ecommerce stores will continue to be one of the biggest trends in 2021. AI assistants and bots will help businesses engage and improve human interaction. Also, they improve the online customer experience.
Virtual reality
One of the best ecommerce trends of 2021. Virtual reality will be used to create an even more personalized shopping experience for e-buyers. It will add a new level of intimacy to the ecommerce stores.
Above are some ecommerce trends to take into account in 2021. Read the PPT to learn more about these ecommerce trends and discover new ones.
Also, learn about everything before building an online store in 2021:
https://www.techosquare.com/blog/how-to-start-ecommerce-online-store
Check out what multi vendor ecommerce is all about:
https://www.techosquare.com/blog/how-multivendor-business-model-works
https://www.techosquare.com/blog/niche-ecommerce-store-ideas-2021
E-commerce Berlin Expo 2017 - Cross Border Ecommerce: Making the Most of Chin...E-Commerce Berlin EXPO
Nenad Cetkovic COO Lengow
China is now the largest e-commerce market in the world. By 2018, China's predicted total revenue is set to reach 871 billion euros, accounting for 40% of the total e-commerce market. By 2020, the market is expected to be larger than the USA, Japan, the UK, Germany and France combined. The Chinese market is complex - there are several different business models, whereas in Europe most e-commerce companies act as independent online retailers. We'll be taking a look at how German online retailers can tap into the market in China.
1) Cross-border ecommerce is growing much faster than domestic ecommerce, with cross-border growth expected to be 5 times that of domestic from 2016-2020.
2) Emerging markets like Latin America and Africa are seeing huge growth in internet users and incomes, creating new consumers and spending power.
3) While most consumption still occurs in advanced economies currently, future spending is expected to shift more towards emerging markets, younger consumers, and urban areas as those populations grow and become wealthier.
4) For companies to succeed in cross-border sales, they must understand the characteristics and preferences of their target customers, including differences in demographics, geography, and psychographics between markets.
The document discusses trends in e-commerce for the fashion industry. It covers topics like the steps for a successful e-business, principles for e-commerce startups, e-business strategies including electronic data interchange, how e-commerce works with affiliate marketing, and how the apparel/fashion industry utilizes e-commerce. Categories of apparel commonly sold online are discussed, along with benefits of e-commerce for the fashion industry and trends like mobile commerce and personalization.
E-commerce sales continue to grow, generating over $300 billion in the U.S. alone in 2015. But e-commerce still remains a small percent of overall retail sales at approximately 10%.
So what can multichannel and ecommerce retailers do to increase their online sales?
How would e-commerce look in 2018?
What skills Solution Providers would need to support retailer's technology needs?
E-commerce Berlin Expo 2017 - Understanding Merchant Growth Paths in the Digi...E-Commerce Berlin EXPO
The eCommerce disruption opportunity is here. With $2.3 trillion spent online annually, 1.6 billion people shopping online in 2016 and $1.0 trillion predicted in cross-border spending by 2020, the opportunities for merchant growth have never been so significant, varied and fast. ACI will present a framework for understanding merchant growth paths, and will discuss - using use cases and real-world examples - how merchants can select the most suitable growth strategies for their business.
The document discusses eCommerce shipping and the 2018 Commerce Report, which will focus on providing an overview of shipping providers worldwide. Ecommerce has evolved rapidly over the last two decades, adopting new systems every 4-5 years. It is now the main driver of innovation and growth in retail. The report uses quantitative research methods supplemented with qualitative input from merchants, experts, and providers to profile ecommerce shipping solutions.
The document analyzes trends in the Australian retail sector based on surveys of retailers and an analysis of online transactions, finding that while online and mobile sales are growing, many retailers have yet to fully integrate their digital and physical channels or leverage customer data analytics. Younger consumers are driving the growth of online spending but brand loyalty remains strong. The transition to digital is ongoing, with opportunities remaining for retailers to boost their online presence through improved customer experience, product selection, and marketing.
Sample Report: Latin America Online Payment Methods 2020 & COVID-19's Impact ...yStats.com
This document provides an overview of the methodology used in market reports on online payment. It discusses how the reports are compiled using secondary market research from various reliable sources. It also describes the structure of the reports, which include sections on definitions, global and regional developments, and individual country analyses. Chart types include text, pie, bar, and line graphs. The document then provides specifics on the methodology used in the current report on the Latin American online payment market, including the countries covered, sources used, time periods of data, and types of payment information included for each country.
7 Effective B2B Ecommerce Trends of 2018APPSeCONNECT
7 Effective B2B Ecommerce Trends of 2018!
Here are the top eCommerce trends which will make an impact and change the game for online businesses this year.
1. Artificial Intelligence -Personalization across all devices via #AI
2. Omni-Channel - Paramount for #B2B sellers to fulfill customer expectations.
3. MobileCommerce - More inclination towards selling through the mobile devices.
4. BigData - Predicting the future - crucial for B2B Retailers.
5. Personalization - Customer-centric personalization resulting in better goodwill.
6. Secure Payments - Businesses will be ready to accept payments via varied channels.
7. Social Media Marketing Tools - Newer strategies to make the most out of businesses.
The Linn Academy 2016 keynote, hosted by Linnworks CEO and System Architect Fedor Dzjuba, provides a deep-dive into how eCommerce is changing, what we can expect in the next few years and how we can adapt our businesses. To watch the talk, simply visit https://youtu.be/sdPzJBQahgo
All-in-one Payment Platform - Payments & Fraud360 Tel AvivKimberly Rowell
Ralph Dangelmaier, CEO of BlueSnap delivered this presentation "What an All-in-one Payment Platform Means for Commerce & your Bottom line" at the Payments & Fraud360 event in Tel Aviv
Solving Omni-Channel Transformation with Customer CentricityE-commerce Brasil
Apresentação feita por Lisa Butler durante o Fórum E-Commerce Brasil 2015. Lisa é responsável por orquestrar o suporte de todas as atividades globais de pré-venda pelo eBay Enterprise, incluindo Desenvolvimento, Vendas e Inovação, participando também do planejamento estratégico de toda a companhia. Antes do eBay, ela atuou como líder global de Consultoria de Soluções para a Oracle ATG.
E-commerce Berlin Expo 2018 - The Opportunity and How to Optimize Payments in...E-Commerce Berlin EXPO
Sven Gruhl Director Global Sales PayU
The e-commerce market is booming, with sales worldwide predicted to amount 4.48 trillion US dollars by 2021. As an e-commerce business, you surely want to ride this wave too! In this presentation, Sven Gruhl from PayU paints a complete landscape of online payments both in Europe and worldwide for you to consider before selling internationally or planning your future expansions. If you want even more details, you cannot miss this talk.
Transact: eCommerce strategies & tactics to drive salesInsivia
eCommerce is predicted to hit $4.8 trillion by 2021 and continues to be a key strategy for product and service companies alike. Winning at eCommerce requires the combination of a smart go-to-market strategy, powerful platform, integrated demand generation, and constant optimization.
This document summarizes key trends in B2B e-commerce. It finds that B2B online sales will account for 27% of total manufacturing trade worth $25 trillion by 2020. Several factors are driving growth in B2B e-commerce, including the migration to cloud platforms and expectations of online buying and selling. Research shows that B2B customers use search engines extensively in their research and decision making processes. Personalization, enhanced search capabilities, and integration with backend systems are important priorities for B2B customers and vendors.
Ecommerce trends in 2018 - Darren RatcliffeDaytodayebay
1) The document summarizes experts' opinions on key eCommerce trends in 2018, including increased focus on logistics, compliance with GDPR regulations, decreasing brand loyalty, and innovation in areas like social media shopping and personalization.
2) GDPR regulations taking effect in May 2018 aim to strengthen data protection and require user consent for marketing. Non-compliance can result in heavy fines.
3) Other trends include the growth of shopping directly from social media posts and images, challenges in maintaining brand loyalty, and disruptions from companies like Amazon. Experts advise improving customer service and personalization.
2021 ECOMMERCE REPORT: Latest eCommerce Trends, and Best eCommerce Platforms ...LitExtension
✅ Learn more: https://litextension.com/ecommerce-trends-2022-best-platforms.html
✅ Visit our website: https://litextension.com/
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For most brands, 2020 was all about survival and building out the basics of their eCommerce operations. Though 2021 was tough for many of them, eCommerce still opened new doors for brands that are here to stay. In 2021, they finally had a chance to come up for air and push the envelope into new areas – embracing newer types of commerce and investing in up-and-coming eCommerce platforms.
Digital transformation is helping retailers to stay ahead in the game, with new technologies being introduced and implemented. To ensure that businesses are well positioned for 2022, e-merchants must catch the latest trends in eCommerce, and really learn ways to adapt to these changes.
We believe our eCommerce report could be a trusting source that helps businesses strengthen their place in this competitive industry, and thus grow and flourish in 2022.
Global eCommerce Trends - Archanaa JohnArchanaa John
This document discusses global trends in ecommerce and mobile commerce adoption. It finds that global ecommerce is growing rapidly at 19.4% annually and is projected to reach $1 trillion by 2016. Mobile commerce is also growing significantly, with Forrester estimating that 38% of smartphone owners and 31% of tablet owners will make purchases on mobile devices in 2014. The document also examines ecommerce trends and adoption levels in different geographic regions, finding the US and Europe to be the most mature markets while markets in Asia-Pacific like India are growing rapidly.
e-Commerce Trends from 2014 to 2015 by Divante.coDivante
The new and actual version of this Report is here
https://www.slideshare.net/divanteltd/ecommerce-trends-from-2017-to-2018-by-divante
e-Commerce sales worldwide will reach $1.7 trillion in 2015. The World's Leading E-Commerce Companies, Capital Market, E-Commerce startups to watch, Omnichannel, B2C e-commerce sales worldwide and more!
Our new report is here!
eCommerce Trends is our annual report, we've been doing for 6 years. This year we reached out to 10k eCommerce Managers and asked them to fill in our survey. Of those asked, 150 responded and we created this report based on the results.
What's inside?
Market Overview
B2C eCommerce Sales
Top eRetailers (Based on Revenue)
Top eCommerce Sites (Based on Traffic)
Capital Market
eCommerce Startups to Watch
Survey Results
eCommerce Investments 2018
eCommerce Investments 2019
Changes in Investments 2018-2019
Which Investments Had the Biggest ROI in 2018?
Most Impactful eCommerce Trends for the Next 5 years
Trends Matrix
Inspirations
Marketplaces: Better Prices, Free or Discounted Shipping and a Broader Selection
Voice Interfaces
Big Data & Business Intelligence: IoT as a Source
Chatbots: Growing Popularity
Microservices & Headless: Micro Frontends
Content Marketing & Digital Content
CRM: AI & Social CRM
Mobile CRO
Free Shipping/Returns
Mobile Approach: PWA
Personalization: Hyper-Personalization
Social Commerce: See. Tap. Shop.
Customer Lifetime Value and Referral Programs
Methodology
Research Methodology
Demography
TL;DR - Quick Summary of the Report
Content Marketing: Still Important
Personalization & Loyalty for the Win
Cryptocurrencies and the GDPR: Things of the Past
Content Marketing With the Biggest ROI
Voice Interfaces & Big Data Revolutionize eCommerce
Quick Wins vs. Highest ROI
What do experts say?
Download full version: https://go.divante.co/ecommerce-trends-2019/
E-commerce Trends from 2015 to 2016 by DivanteDivante
E-commerce trends from 2015 to 2016 saw continued growth in online sales, mobile commerce, and social commerce. Key trends included increased machine learning services, new business models like membership and rental commerce, and expanded delivery options using drones or crowdsourcing. Mobile transactions were expected to reach $115 billion in 2015 and $142 billion in 2016. Content marketing and virtual sales forces were growing as well. Omnichannel experiences allowing self-service and connecting online and in-store wish lists were also trends for the coming years. Artificial intelligence and personalization were developing to improve customer experiences across channels.
Trends, tips and stats on the current state of e-commerce in the fashion space. Learn more from industry experts on how to optimize your customer experience.
The document summarizes trends in global e-commerce expansion for 2011. Key trends include: (1) International shipping options will be increasingly common for online retailers; (2) Companies will leverage domestic infrastructure before fully expanding globally; and (3) Centralized globalization departments and a focus on emerging markets like China and Brazil will continue.
The document summarizes trends in global e-commerce expansion for 2011. Key trends include: (1) International shipping options will be increasingly common for online retailers; (2) Companies will leverage domestic infrastructure before fully expanding globally; and (3) Centralized globalization departments and a focus on emerging markets like China and Brazil will continue.
Zinnov Zones rating for Digital in Retail. The report provides a snapshot of a digitally enabled modern retail enterprise and how digital technologies such as big data, analytics, robotics, machine learning, virtual reality etc. are transforming operations as well as impacting customers’ experience. Zinnov estimates a total digital spending of ~ $70B by retailers globally in 2016; with the market expected to reach $150B by 2020, growing at over 20% per annum.
We surveyed eCommerce Managers and CEOs from European countries and prepared the report based on their experiences and our knowledge.
What are the business trends that are going to revolutionize the eCommerce market?
What are the most important technologies to invest in next 5 years?
Why 2017 is the Year of the Bot?
Are marketplaces really worth to invest in?
This document summarizes top e-commerce marketing channels in 2021. It discusses rising consumer expectations, increased competition for Google, and diversification of user acquisition channels as trends impacting the industry. The document also outlines the agenda for its presentation, including rankings of top retailers and shopping apps, shifts in app downloads, top e-commerce websites by traffic and performance, and key traffic channels driving e-commerce growth. Questions are posed about the best channels for building brand awareness, lead generation, and increasing sales as well as how to track traffic and key performance indicators.
As specialist advisers to the marketing communications and technologies industry, we are uniquely positioned to ensure that we are continually on top of key trends in this rapidly evolving landscape.
Top E-commerce Trends to Watch Out for in 2017i95Dev
Find out the top e-commerce trends that will drive the momentum of the e-commerce industry in North America (USA, Canada) and rest of the world in 2017.
Marketplaces are one of the main online shopping destinations for consumers. Now present in all regions of the world, marketplaces have fundamentally changed the commerce landscape, the way we shop, and how businesses go to market with their products and services. And although marketplaces are based on the same concept of first- and third-party selling, they are vastly different from each other. But how do brands accelerate growth? And what are the requirements for success
The power of Chinese e-consumption is unstoppable despite the slowing economy and is estimated to reach 9.6 Trillion RMB by 2020. This sheer magnitude alone is the main reason why we are now taking a spotlight on China’s E-commerce industry.
The document discusses the challenges faced by brick-and-mortar retailers from the rise of e-commerce, such as discounts moving customers online and online retailers having more customer data. It proposes a mobile platform called SaleFee that would provide customers information about store inventory, sales, new arrivals, and reviews based on their location to help drive more foot traffic to physical stores. The business model for SaleFee is described as charging retailers commissions on purchases made after customers use the app to find product information.
Marketplace unicorns valuations soar to $5.0 trillion since January 2020 as record levels of investment see the sector outpace the entire tech market. Speedinvest, Dealroom and Adevinta take a deep dive into the current and future state of digital marketplaces.
e-Commerce Facts and Stats 2015 and BeyondEuro IT Group
Euro IT Group teams have delivered dozens of ecommerce platforms. We cover the complete spectrum of ecommerce services from software architecture and development to additional plug ins development, modules extensions, user experience design, testing, maintenance and support, integration with other business systems (eg CRM, ERP, inventory), SEO, marketing, store migration or mobile responsive versions of your ecommerce platform.
Our e-commerce team consists of technical people, business analysts and marketing specialists with hands on experience in tailoring feature rich e-commerce solutions for companies that required modern design, a rich user experience, huge data volumes and integration with additional systems, all this done following the latest industry trends. Our focus is mostly on Magento development.
Questions Covered in the report:
- How was the development of B2C E-Commerce affected by the outbreak?
- What is the effect of the pandemic on Canada’s retail E-Commerce sales?
- What are the changes in cross-border online shopping in Canada during the Coronavirus outbreak?
- Which mobile payment apps are used the most in Canada?
- Which top 5 Canadian marketplaces were purchased from pre-COVID-19?
Full report here: https://bit.ly/38GVcZk
Questions Covered in the report:
- How was the development of B2C E-Commerce affected by the outbreak?
- What is the effect of the pandemic on Canada’s retail E-Commerce sales?
- What are the changes in cross-border online shopping in Canada during the Coronavirus outbreak?
- Which mobile payment apps are used the most in Canada?
- Which top 5 Canadian marketplaces were purchased from pre-COVID-19?
Full report here: https://bit.ly/3kTIjC6
Foundations in Content Optimization: How to Optimize Your Content to Fuel Organic Traffic Growth
A highly tactical introduction to best practices in optimizing your owned content to drive sustainable (and converting) organic traffic. In this Master Class, we'll cover everything from identifying the right keywords to use to how to strategically apply them to your content strategy to generate ROI.
Key Takeaways:
- A breakdown of key content-related factors Google and other Search Engines use when ranking content.
- Understand the basics of keyword research and where to begin.
- Learn how to apply those keyword learnings to optimize your content strategy and owned assets to maximize their organic visibility.
- Learn what to measure to articulate ROI and feed back into your strategy.
CIIM (Chandigarh Institute of Internet Marketing) – ISO:9001 Certified & Google Partner Digital Marketing institute in Chandigarh — was founded by Surjeet Thakur in the year 2010. We specialize in training aspirants in various digital marketing domains such as Google Ads, PPC, SEO, SMM, SEM, Video Marketing, Amazon Marketing etc.
Training devistation provides quality training in digital marketing.
ChatGPT
Digital marketing encompasses a wide range of online strategies and tactics designed to connect businesses with their target audiences, increase brand awareness, drive traffic, and ultimately generate leads and sales. Here’s a comprehensive description:
Digital marketing leverages various online channels and platforms such as search engines (Google, Bing), social media (Facebook, Instagram, LinkedIn), email, websites, and mobile apps to reach consumers. Unlike traditional marketing, which often relies on print ads, billboards, or TV commercials, digital marketing allows for precise targeting and measurement of campaigns in real time. also know about benefits of digital marketing
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Join us for an inspiring session where we delve into the transformative power of Artificial Intelligence (AI) and Extended Reality (XR) in digital marketing. In today's rapidly evolving landscape, staying ahead requires more than just awareness—it demands proactive engagement and strategic implementation. Leslie Marshall, CMO, Mesmerise Group, will share insights into how emerging technologies like AI and spatial computing are fueling the next generation of marketing. Leslie's journey exemplifies how embracing new technologies can empower marketers to better understand and attract the right customers, ultimately supporting exceptional experiences. In this session, Leslie will highlight how marketers can adopt an explorer's mindset, encouraging them to ask probing questions and navigate through the intricacies of new tech fearlessly. Leslie believes that curiosity is not only a tool for understanding emerging technologies but also a driver for long-term success and innovation in any marketing career. Attendees will leave the session with a 5-step plan for marketers to leverage new technologies to revolutionize their marketing strategies. Looking ahead, let's ask the right questions, define precise metrics, and embrace a forward-thinking approach that aligns with the evolving needs of both the market and the customer. The future of digital marketing awaits—are you ready to seize it?
Key Takeaways:
Attendees will leave the session with a 5-step plan for marketers to leverage new technologies to revolutionize their marketing strategies. Looking ahead, let's ask the right questions, define precise metrics, and embrace a forward-thinking approach that aligns with the evolving needs of both the market and the customer.
Nick will present his "best of" findings from reviewing and testing more than 200 generative AI platforms over the last three years. While some programs will save you more than half the time, you can bet to save at least 50% of your time creating content if you begin using these tools.
Key Takeaways:
Attendees will walk away with a comprehensive list of generative AI programs that will make their lives easier. From blogging to video production and even AI marketing assistants, you will learn about nearly 20 AI platforms that are guaranteed to make your life easier in some way.
In our rapidly evolving digital landscape, yesterday's strategies simply won't suffice. Join us for a groundbreaking session on revenue based marketing where we'll explore cutting-edge approaches and the latest strategies that can supercharge your digital marketing plans. Discover how to leverage performance-based PR, influencer marketing, and affiliate marketing to drive revenue, optimize your campaigns, and achieve measurable results. We'll dive into effective methods for building brand awareness, cultivating deep engagement, driving conversions, and fostering lasting customer loyalty. Prepare to gain fresh ideas, valuable insights, and innovative methodologies designed to elevate your digital marketing efforts to new heights. Don't miss this opportunity to transform your strategy and stay ahead of the curve!
Key Takeaways:
1. Advanced Revenue-Driven Strategies: Learn how performance-based PR, influencer marketing, and affiliate marketing can drive revenue and optimize your marketing efforts.
2. Building and Engaging Your Audience: Discover effective methods for increasing brand awareness and cultivating deep engagement with your target audience.
3. Driving Conversions and Loyalty: Gain insights into strategies for driving conversions and fostering lasting customer loyalty to sustain your brand's growth.
The digital marketing industry is changing faster than ever and those who don’t adapt with the times are losing market share. Where should marketers be focusing their efforts? What strategies are the experts seeing get the best results? Get up-to-speed with the latest industry insights, trends and predictions for the future in this panel discussion with some leading digital marketing experts.
Curious about what a social media manager really does? Our latest presentation breaks down the key responsibilities and daily tasks of this dynamic role. Want to understand more about this essential position? Read the full deck now!
Full blog here - https://digitalmarketingphilippines.com/what-does-a-social-media-manager-do/
Fostanak dresses are crafted to make every woman feel like a queen, exuding confidence and embracing her unique beauty. Whether you're attending a special occasion or seeking everyday elegance, Fostanak offers a dress that captures your individuality and celebrates your femininity
CampusEdge offers a comprehensive suite of tools including financial management, human resources, student information, and more. It promotes streamlined processes and data integration.
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Top 10 Cases of Amnesia A Journey through Memory Loss.pptxelizabethella096
Amnesia, the loss of memory, is a fascinating and complex condition that has captured the imagination of scientists, storytellers, and the general public alike. It can be triggered by various factors such as brain injury, psychological trauma, or even certain medical conditions. This article delves into ten intriguing cases of amnesia each offering unique insights into the human mind and the fragile nature of memory.
The digital marketing industry is changing faster than ever and those who don’t adapt with the times are losing market share. Where should marketers be focusing their efforts? What strategies are the experts seeing get the best results? Get up-to-speed with the latest industry insights, trends and predictions for the future in this panel discussion with some leading digital marketing experts.
How to Rethink the Way you use Instagram to Drive Sales and Customer Engagement
If you’re using Instagram to build or grow your business this presentation is for you. Navigating Instagram campaigns doesn't have to be overwhelming. By understanding the right strategies, you can turn engagement from a time-consuming task into a powerful tool for driving sales and a deeper understanding of your customers and fans.
Key Takeaways:
Running campaigns on Instagram can be and should be easy and effortless
Every post is an opportunity to collect valuable information to empower you to make more strategic choices
The power of giveaways on Instagram to drive engagement and first party data
Top XRP Coin News of the Week: A Volatile Market Amidst Legal and Historical ...
White paper ecommerce-report-2021
1. Shopping Carts’ Popularity in 2020 •
Data Migration Trends in 2020 •
Ecommerce Trends in 2021 •
Top Ecommerce Platforms Prediction in 2021 •
2. BACKGROUND AND
METHODOLOGY
01
Shopping Cart Migration Expert
LITEXTENSION
To start with, 2020 has proved the significance of eCommerce since the outbreak of
coronavirus has ubiquitously affected consumers’ daily routines and buying behavior.
Statistics reveal that the total worldwide eCommerce sales soared a further 118 percent
compared to 2019’s as they reached 4.1 trillion USD. This great number has been partly
contributed by the nationwide lockdown as a myriad of customers chose cyber-based
stores to minimize social exposure. Evidently, 86% of e-merchants claim that their online
revenues increased, compared with the pre-pandemic period, ranging from 1 to more than
200 percent!
Since eCommerce is thriving, it is necessary for any virtual business to choose a proper
eCommerce platform that meets several criteria, including the website’s purpose,
merchants’ demand, technical knowledge, sort of product and so on.
Understanding that struggle, we will be providing you with a research that:
• Recaps what happened in the eCommerce industry in 2020;
• Cites some eCommerce upward trends;
• Reviews prevalent eCommerce platforms in 2020;
• Predicts top eCommerce platforms in 2021.
With the provided information below, merchants will gain fundamental knowledge to
evaluate whether their current platform and its updates can adapt to the eCommerce
situation at present and in the future.
There are several ways in which we gathered data for this piece of research:
• LitExtension’s in-house data: As the leading shopping cart migration solution, we are
exposed to the most notable shopping cart migration trends throughout the year. Our
migration data include Source and Target Cart, number of entities each migration, time,
date and region of specific migration projects.
• Other references: We gather statistics related to the eCommerce industry from the
world’s most trusted sources, such as BuiltWith, Ahrefs, Google Trends, and Capterra.
3. 02
Shopping Cart Migration Expert
LITEXTENSION
BACKGROUND AND METHODOLOGY
However, as the field “Country” is not a required field when filling in information with
LitExtension, some of the regional data is missing from our database. For those cases, we
instead used the location collected from the country code top-level domain (ccTLD) or the
default language or currency of the sites. Doing this does not ensure maximum accuracy
regarding the location of the merchants as they may be overseas sellers, but on the other
hand, it reflects the choices for particular markets. Additionally, the number of missing
data is not large enough to make a huge difference, hence the unbiased results.
Our findings may also differ from global huge brands’ reports as our in-house data does
not represent the whole eCommerce industry. However, our target market is not limited to
particular areas and our customers come from a variety of regions, so the results can be
applied worldwide.
4. 03
Shopping Cart Migration Expert
LITEXTENSION
TABLE OF CONTENT
2020 RECAPS
• What happened in 2020 ?......................................................
• eCommerce platforms’ popularity........................................
• Shopping carts migration trends...........................................
• Top eCommerce platforms in 2020......................................
2021 PREDICTIONS
• 6 eCommerce trends.............................................................
• Top eCommerce platforms in 2021......................................
FINAL WORDS
05
07
11
30
35
43
5. Here comes a 2020 flashback with
all of the significant eCommerce and
shopping cart news that influences
the current eCommerce industry
6. WHAT HAPPENED
IN 2020?
01
05
Shopping Cart Migration Expert
LITEXTENSION
ECOMMERCE NEWS
TIME EVENTS
eCommerce order volume increased by 50% compared to 2019.
Q1 2020, mobile eCommerce traffic grew by 25% across all
industries.
Walmart’s eCommerce sales increased by 74% after Q1 2020.
Nearly 1/4 of shoppers were looking for contactless payments or
delivery options.
In Q2 2020, U.S retail consumers spent $347.26 billion online, up
30.1% from $266.84 billion for the same period in 2019.
Site traffic of Amazon was up 28.1% compared with Feb 2020
and up 8.7% year over year.
Offline stores were down 20% Year-over-Year.
eCommerce gained an additional 5% share of retail sales due to
COVID-19 compared to the first quarter of 2020.
Amazon Prime Day 2020 Sales hit $10.4 billion.
Shoppers spent around $9 billion on Black Friday, much more
compared to the same period in 2019, which was $7.4 billion.
Asia-Pacific is in the lead regarding eCommerce sales with
62.2% share, over North America (19.1%) and Western Europe
(12.7%).
April
May
June
July
September
October
November
December
The eCommerce market in 2020 has changed incessantly with much more customers
choosing online shopping. As a result, big companies such as Amazon or Walmart
achieved great sales in eCommerce despite the effect of COVID-19.
7. 06
Shopping Cart Migration Expert
LITEXTENSION
SHOPPING CART NEWS
TIME EVENTS
WooCommerce 4.0 was released
BigCommerce went IPO (Initial Public Offering)
Magento Introducing AI-Powered Product Recommendation
Shopify started partnering with Facebook
Shopify Announcing the All-New Shopify POS
Magento stopped supporting version 1
Wix announced Wix Ecommerce
Squarespace 7.1 version was released
Wix Introduced Editor X
Amazon Prime Day 2020 Sales hit $10.4 billion
Shopify and Tik Tok formed partnership
Magento released new Security Scan Tool
Prestashop released new Prestashop Check-out
Shopify offered post-purchase upsell directly in Shopify
Check-out
Shift4 acquired 3dCart and changed the store name to
Shift4shop
January
April
May
June
July
October
September
November
The growth of eCommerce in 2020 has brought merchants great opportunity but also new
challenges. Store owners will need more assistance from eCommerce solutions in order
to attract more shoppers. Check out the table below to grab the picture of what happened
with some of the biggest eCommerce platforms in 2020.
2020 RECAPS | WHAT HAPPENED IN 2020 ?
8. When it comes to the universal distribution of eCommerce platforms, we decide to take
three criteria into consideration: live websites, market share, and global search volume
(as of December 2020).
First, let’s have a look at the number of live websites of each eCommerce platform.
According to BuiltWith:
• WooCommerce has the greatest number of live websites: 2,789,626
• The runner-up is Shopify – one of the most prominent hosted carts: 1,409,539
• Wix ranks the third in this list with notable eCommerce features: 1,339,730
Correspondingly, WooCommerce, Shopify and Wix are the giants with 28%, 14% and 14%
of market share respectively
ECOMMERCE PLATFORMS’
POPULARITY
02
Source: BuiltWith (12/2020)
POPULAR ECOMMERCE PLATFORMS IN 2020
( Number of live websites )
2.789.626
WooCommerce Shopify Wix Store Prestashop Magento
1.409.539 1.339.730
313.032
205.249
In this part, we will be providing you with the popularity of some outstanding
eCommerce platforms in 2020 by compiling figures from Ahrefs, BuiltWith, and the like.
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9. The graph above compares the global keyword volume of top prominent eCommerce
platforms 2020 (Source: Ahrefs). In this aspect, Wix, Shopify and Squarespace may
impress you with 7.2M, 4.7M and 1.5M searches correspondingly.
In addition to providing eCommerce features, Wix and Squarespace are initially website
builders with outstanding attributes that help users create their own websites. This
explains why these two platforms attract such interest
MOST POPULAR ECOMMERCE PLATFORMS IN 2020
( Global Search Volume )
Source: Ahrefs(12/2020)
7.200.000
WooCommerce
Shopify
Wix Store SquareSpace Ecwid OpenCart
Prestashop
Magento
Weebly
4.200.000
1.500.000
877.000
497.000 259.000 233.000 115.000 112.000
2020 RECAPS | ECOMMERCE PLATFORMS’ POPULARITY
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10. 2020 RECAPS | ECOMMERCE PLATFORMS’ POPULARITY
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This world map above illustrates the regional distribution of eCommerce platforms
according to the number of live websites collected from BuiltWith.
We can see clearly that European online merchants prefer to build their stores on
open-source platforms, namely, OpenCart, PrestaShop, WooCommerce... Meanwhile,
eStore owners in America and Oceania tend to choose hosted solutions such as Shopify,
Wix, Squarespace and Weebly for their business. In Asia, WooCommerce and Wix are the
two outstanding names reported to be predominant.
11. 2020 RECAPS | ECOMMERCE PLATFORMS’ POPULARITY
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Analysing all the data mentioned above, we can conclude that in 2020:
• WooCommerce, Shopify, and Wix currently have the highest number of live websites.
Similarly, these platforms accounted for the largest eCommerce market share.
• Wix, Shopify and Squarespace gained the most search volume globally.
• Open-source solutions tended to be more favorable in Europe while hosted solutions
were well-received in the America and Oceania market.
In the next part, we will be providing you a comprehensive analysis on shopping cart
migration trends in 2020 based on our in-house data.
12. SHOPPING CART MIGRATION
TRENDS
03
In this part, we will:
• Critically dissect our in-house data
• Showcase the most chosen Target Carts (shopping carts that merchants choose to
migrate to), and the most Source Carts (platforms were migrated from).
• Analyze several popular eCommerce platforms.
• Determine whether open-source carts or hosted carts are more preferable.
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The below pie charts represent the proportion of Target Cart options in 2020. As an overall
trend, Shopify, WooCommerce and Magento were the three platforms that merchants
migrated to the most, while only a minority of store owners chose other carts.
MOST MIGRATED-TO PLATFORMS
MOST POPULAR MIGRATED-TO ECOMMERCE PLATFORMS
IN 2020
WooCommerce: 31,14%
Shopify: 35,46%
Magento: 20,40%
OpenCart: 3,39%
PrestaShop: 3,27%
BigCommerce: 2,98% Wix: 0,97%
Others: 2,40%
13. 2020 RECAPS | SHOPPING CART MIGRATION TRENDS
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As the chart suggests, Shopify accounted for the biggest share among target carts with
more than one-third of migration targeting this platform, followed up by WooCommerce
with 31,14%. Likewise, Magento also proved itself as a promising platform as more than
20% of users moved their stores to Magento.
Shopify, WooCommerce, and Magento have always been the most popular platforms as
the majority of users would choose 1 out of the 3 carts to ship their online store to. In the
next paragraphs, we would like to dive into our data and provide you with in-depth
knowledge about this year’s fluctuations in the migration trends of these top three
platforms.
First 6 months Last 6 months
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
Magento WooCommerce Wix Orthers
TOP MIGRATED-FROM PLATFORMS 2020
HALF-YEAR PHASES COMPARISON
31.90%
37.80%
20.70%20.20%
34.70%
12.70%13.20%
28.80%
14. 2020 RECAPS | SHOPPING CART MIGRATION TRENDS
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This chart illustrates the top 3 most migrated-to platforms in 2020. The rankings of the top
migrated to platforms changed significantly in the first 6 months compared to the latter 6
months.
• WooCommerce in the first 6 months can be considered as the most popular destination
for merchants with 34.7%, outperforming Shopify’s 31.9% and Magento’s 20.7%
respectively.
• However, since July 2020, WooCommerce’s number has fallen below 30% while
Shopify’s has risen to the top spot with nearly 40% of migrations targeting new stores
there. In the meantime, the number of migrated-to Magento stores experienced a mild
drop of only 0.5%.
It can be said that the competition between these two eCommerce platforms was so
fierce in 2020. There are a variety of explanations for this fluctuation and we are going to
clear it up in the next paragraphs.
During 2020, WooCommerce released 10 new versions from 4.0 to 4.9 with major
refurbishments mainly concentrated on 4.0 update. This version gained great user’s
acceptance thanks to a bunch of innovative features. First of all, the integrationwith
WooCommerce Admin as a streamlined dashboard allows store owners to perform
multiple tasks smoothly. Secondly, the newly updated report system and the improved
store management tools made the store managing tasks more simple, convenient and
time-saving.
When examining the decreased portion of migration to WooCommerce, it is worth
mentioning that our total migration projects rose by more than 150% in the last 6 months
of 2020 in comparison with the first period. Therefore, despite the fact that the volume of
online sellers transferring their stores to WooCommerce grew from 13,85% to 17,30%, the
portion of migration to WooCommerce still went down notably.
WOOCOMMERCE
15. 2020 RECAPS | SHOPPING CART MIGRATION TRENDS
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At the beginning of the year, Shopify was the runner up after WooCommerce. However,
this shopping cart climbed to the first position at the end of the year due to a number of
factors.
First of all, Shopify is the most popular destination for Wix’s users in 2020. The number of
Wix to Shopify migration projects took up 12.68% of the total migration to Shopify in the
first 6 months. Particularly, this figure in the second half-year surged to 26,79%, which is
twice as much as that of the first phase. Low loading speed, lack of eCommerce specific
integration, limited number of payment gateways of Wix compared to Shopify might be
the culprit of this migration tendency.
Besides, the Volusion Bankruptcy event in late July played an essential role in the
overtaking of Shopify. In the first half of the year, the number of migrations measured from
Volusion to Shopify accounted for only 2% of the total migration rate to Shopify.
However, in the last 6 months this rate climbed up to 4% as a consequence of the
above-mentioned event.
Another point that should be highlighted is that last October, Shopify partnered with
Tiktok. This partnership helps Shopify merchants create and run campaigns through the
social media platforms, which may call for more online sellers heading to Shopify.
Besides, in early November, Shopify offered post-purchase upsells directly in Shopify
Checkout. Merchants can now seamlessly sell subscription products and offer the best
shopping experience for their customers. As a result, online merchants might have shifted
to Shopify to take advantage of its features
SHOPIFY
Our statistics show that 20,4% of our customers switched to Magento, helping the
platform stand firm as one of the most favourable carts in 2020, just behind Shopify and
WooCommerce.
MAGENTO
16. 2020 RECAPS | SHOPPING CART MIGRATION TRENDS
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And there was one significant event that greatly affected the Magento migration trends in
2020, which is the Magento 1 EOL (end of life). As Magento announced the
discontinuation of support version 1 in June 2020, there have been 64,4% of users moved
to Magento version 2. It is reported that Magento 2 platform runs 25% faster and
smoother than Magento 1.
Additionally, with improvements to the default functionalities, extended features and the
availability of over 350 new extensions, Magento 2 obviously is a spotlight among other
platforms.
OsCommerce, an open-source platform that is currently home for over 50,000 stores, has
the most users moving from their stores to Magento. According to our in-house statistics,
osCommerce occupied 7,10% of total migration heading to Magento. Even though
OsCommerce is very friendly for users, it also has fewer features than those of Magento.
Also, OsCommerce’s scalability, SEO features are both significantly inferior when
compared to those of Magento
17. 2020 RECAPS | SHOPPING CART MIGRATION TRENDS
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Below is the pie chart demonstrates the proportion of the platforms that merchants move
away the most in 2020.
It is clear that Magento is represented by the largest portion of 27.6%, followed by Wix and
WooCommerce, as they accounted for 10,4% and 9,7% correspondingly.
MOST MIGRATED-FROM PLATFORMS
MOST POPULAR MIGRATED-FROM ECOMMERCE PLATFORMS
IN 2020
WooCommerce: 31,14%
Magento: 20,40%
OpenCart: 3,39%
Prestashop: 3,27%
Wix: 0,97%
Others: 38,4%
18. 2020 RECAPS | SHOPPING CART MIGRATION TRENDS
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This chart illustrates the platforms that merchants left the most in 2020.
• In the first six months of the year, Magento accounted for nearly one-third of the
migration projects, with 30.6%. This percentage was three times larger than
WooCommerce, and even six times greater than Wix with only 5.2%.
First 6 months Last 6 months
Magento WooCommerce Wix Orthers
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
30.60%
35.00%
40.00%
45.00%
50.00%
55.00%
28.70%
5.20%
12.50%
54.20%
49.60%
10.00% 9.60%
TOP MIGRATED-TO PLATFORMS 2020
HALF-YEAR PHASES COMPARISON
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• In the last two quarters of 2020, there was a steady decline in the number of re-platform
projects for both Magento and WooCommerce. Magento still ranked first in this period,
making up 28.7% of the total proportion. On the other hand, Wix experienced a notable
increase in the number of moving projects, rising from 5.2% to 12.1%. Wix outranked
WooCommerce in the latter part of the year, ended up being the second eCommerce
platform that users tend to migrate from.
In the next part of this section, we will dive deep into the three platforms mentioned above
and figure out the reasons behind this podium. Please note that this result does not serve
as an indication of which platform is better, or which is worse.
Magento stood the highest in the top migrated-from platform. However, bear in mind that
the biggest contributing factor to this is the large number of upgrading projects from
Magento 1 to Magento 2.
In summer 2020, Magento discontinued their support for the first version of this
open-source platform, leading to nearly 50% of our projects moving to Magento 2.
Moreover, Magento 1 has been receiving lots of complaints about the usage difficulties,
lack of built-in features, and expensiveness. These are some factors that affected users’
migration intent to Magento 2.
“Configuring the platform is frustrating, it needs high skills and is very poor in basic
features. You need to install many extra modules and this could make you lose speed and
stability.”
Magento users on Capterra
Beside the upgrading from Magento 1 to Megento 2, Shopify is another popular
destination for Magento users with 28.7% migrations moving to this hosted platform.
Shopify has been proving itself to be a fierce competitor of Magento, thanks to the ease
of use, a variety of templates, and its support for any size of business.
MAGENTO
2020 RECAPS | SHOPPING CART MIGRATION TRENDS
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The tendency to migrate from Wix to another eCommerce platform doubled in the last six
months of 2020, increased by 6.9% compared to the first two quarters.
The reason behind this trend might lie in the limited feature of this platform. This
Israel-based company is more favoured by entry-level online stores as it offers
well-designed templates to start your store. However, Wix hasn’t been successful in
providing users with a variety of plugins or large storage. Hence, as a business scales up,
merchants are more likely to migrate to another more robust platform. This leads to a
massive quantity of Wix’s replatforming projects in 2020. According to Store Leads, the
number of Wix Store has dropped tremendously in the last two quarters of this year,
decreasing by 80% equals 6,420 stores remaining by the end of 2020.
“For a halfway professional web presence, Wix just doesn’t cut it. It’s lack of depth means
it’s missing many key features for analytics, SEO and ecommerce and it’s just not able to
scale or handle larger sites or multilingual ones. WordPress can do world’s more and is
nearly as easy to set up.”
Wix users on Capterra
WIX
The number of projects moving from WooCommerce accounted for 10% of the total
migration in 2020. Similar to Magento, WooCommerce appeared in both most migrated-to
and migrated-from list. The reason behind this phenomenon is that 20% of these projects
are to upgrade from WooCommerce to a newer version of itself. Early this year, this
WordPress plugin dropped an update for the WooCommerce 4.0 version. However, with
this upgrade, users are more prone to conflicts and issues. As a result, several merchants
might have their site updated by LitExtension experts to minimize the risks of errors.
Another factor that drove merchants to leave WooCommerce was the platform’s heavy
reliance on extensions. WooCommerce has the ability to scale up, however, scaling up
means they have to spend a lot on plugins and maintenance. The more plugins installed,
the more time and money spent. This could be frustrating and wasting at some points, as
a result, hundreds of online merchants sought for another solution to switch to.
WOOCOMMERCE
2020 RECAPS | SHOPPING CART MIGRATION TRENDS
21. “WooCommerce extensions are surprisingly expensive and also subscription-based,
requiring an annual fee. Inexpensive third-party alternatives exist, but there is risk
involved. – Building an extended “platform” such as a membership site / offering
subscriptions (for example) can require multiple paid WooCommerce add-ons that rack up
hundreds of dollars in annual fees. – WooCommerce mobile app tools do exist, but do not
offer much functionality beyond sales reports. – Highly customized WordPress stores
using a lot of plugins are at an increased risk to see major conflicts and performance
degradation, and troubleshooting can be difficult.”
WooCommerce users on Capterra
The competition between eCommerce businesses is getting much more severe due to the
effect of the COVID-19. Especially when using an eCommerce solution, merchants expect
to get the best tools in order to level up their website. Therefore, eCommerce platforms
are competing fiercely to expand its popularity around the world.
In this part, we will:
• Analyze the popularity of well-known shopping carts in each continent to find out the top
eCommerce platform in 2020 globally and regionally.
• Dig deeper into the migration distribution all around the world and in three biggest
continents including Europe, America and Asia.
Let’s have a walk through an in-depth analysis of top common choices of Shopping Carts
that online store owners prefer on 3 continents: America, Europe and Asia.
GLOBALLY AND REGIONALLY
2020 RECAPS | SHOPPING CART MIGRATION TRENDS
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The chart below describes the proportion of merchants who decided to migrate their
stores to another eCommerce platform in America. We’ve picked three countries with the
most migrations: the United States, Canada, and Brazil.
AMERICA
2020 RECAPS | SHOPPING CART MIGRATION TRENDS
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2020 RECAPS | SHOPPING CART MIGRATION TRENDS
According to eMarketer, The Asia-Pacific region is the fastest growing eCommerce region in the
world. We sorted out 5 countries with the most migration projects including India, Australia,
HongKong, Singapore and Japan to show you the overall picture of which solutions Asian
merchants prefer.
ASIA
The U.S is one of the largest eCommerce markets in the world. Therefore, it’s no surprise
that America had the biggest amount of migration projects according to our statistics. In
2020, Shopify held the first position with 53.95% merchants migrating to, followed by
WooCommerce (23.07%), Magento (12.81%) and BigCommerce (5.44%).
Canadian and Brazilian users also prefered Shopify the most (53.95% and 51.72%),
followed by WooCommerce (23.15% and 38.89%) and Magento (12.81% and 11.11%).
Besides, OpenCart was also a common choice for these two continents accounting for
4.43% and 5.56% respectively.
To conclude, the top 3 eCommerce platforms in America are: Shopify, WooCommerce
and Magento. Additionally, BigCommerce and OpenCart are also in the top 5 favorite
shopping carts to migrate to in 2020.
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First on the list we have India. The 2nd most populous country in the world tends to chose
Magento (44.66%) over any other shopping carts, followed by Shopify (31.55%) and
WooCommerce (13.42%).
In Australia and Japan, merchants liked Shopify the most (50.35% and 43.75% respectively)
followed by WooCommerce (27.30% and 25%), Magento (10.99% and 18.75%) and BigCommerce
(4.61% and 6.25% respectively).
In Singapore, 42.86% merchants picked Shopify, then came OpenCart with 28.57% and Magento
with 11.43%. In HongKong, 65.22% of all merchants chose Shopify, 17.39% chose Magento and
8.7% went with WooCommerce.
2020 RECAPS | SHOPPING CART MIGRATION TRENDS
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2020 RECAPS | SHOPPING CART MIGRATION TRENDS
Europe is one of the most important markets for online retailers all over the world. Ecommerce in
Europe is expected to be worth 717 billion euros at the end of 2020 – an increase of 12.7%
compared to the situation last year.
We will be analyzing 5 countries with the most migration projects: UK, Germany, Italy, Spanish
and France. The chart below shows the distribution of the Target Cart choices in Europe in 2020
Overall, Shopify was the most common choice for Asia merchants to migrate to, then came Woo-
Commerce and Magento. OpenCart and BigCommerce also attracted the attention of a certain
number of merchants.
EUROPE
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2020 RECAPS | SHOPPING CART MIGRATION TRENDS
In the UK and France, users preffered Shopify (38,2% and 38.53%) to WooCommerce
(26.4% and 28.44%) and then Magento (19.1% and 14.68% respectively). Besides,
Prestashop (in France) and OpenCart (Both the UK and France) were also considered as
good choices.
Unlike merchants from America and Asia, most store owners of Spanish and Germany
went for WooCommerce (31.87% and 32.6%) instead of Shopify (24.3% and 28.73%) and
Magento (20.56% and 28.18%). In Italy, most merchants chose Magento (32.88%) and
WooCommerce (32.88%), then Shopify (12.33%).
Prestashop and OpenCart were quite famous in Spanish. The former was also widely used
in Italy.
The top 5 shopping carts that merchants in Europe were into were: WooCommerce,
Shopify, Magento, Prestashop and OpenCart.
In conclusion, merchants’ picks in 3 continents are quite familiar. Shopify is the most
common choice, followed by WooCommerce and Magento. When combined,
BigCommerce and OpenCart are in the top 5 favorites in Asia and America, while
Prestashop and OpenCart are in the list of Europe.
That Prestashop is more popular in Europe is understandable, since this open-source
platform was born in France and serves French as their official language beside English.
Likewise, BigCommerce is from Texas, America, hence the reputation.
However, the need to migrate to a new eCommerce platform of merchants in each
continent is quite different. Asian’s and America’s store owners prefer Shopify over other
shopping carts while in Europe, merchants are most likely to pick WooCommerce as their
new Target Cart.
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In 2020, most merchants opted for open-source platforms when performing a shopping
cart migration. Of all migrations, up to 64.69% of migrations went to open-source
platforms, when hosted carts only took up 34,11% and 1,2% went to other sections.
• Do open-source platforms users tend to switch to hosted solutions?
The chart below shows the migration proportions from open-source carts (to open-source
carts and to hosted carts).
2020 RECAPS | SHOPPING CART MIGRATION TRENDS
The following section will answer two questions:
• Do open-source platforms users tend to stay or switch to hosted solutions and vice
versa?
• Which type of platform has the most migration-to projects in 2020?
Since the selection between open-source and hosted platforms has always brought the
most confusion for online store owners, we believe that the following analysis might be
another piece of insight that could come in handy for you
OPEN-SOURCE VS HOSTED SHOPPING CARTS
Open-source Carts: 64.69%
Hosted Carts: 34.11%
Others: 1.20%
TARGET CART TYPES DISTRIBUTION IN 2020
28. 2020 RECAPS | SHOPPING CART MIGRATION TRENDS
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It can be seen that the open-source-to-open-source pair has dominated the whole year
migration trend with 67,64% of total migration from self-hosted platforms, twice as much
as that of hosted which accounted for only 32,37%. From the given data, it’s likely that
open-source users preferred to move to the same kind of platform when they needed to
look for another website builder. This is because once store owners can avail of endless
customization possibilities of self-host platforms, they might feel uncomfortable with
shifting to a hosted solution.
• Do hosted platform users tend to switch to Open-source solutions?
The chart below shows the migration proportions from hosted carts (to hosted carts and
to open-source carts).
MIGRATION PROPORTION FORM OPEN SOURCE CARTS IN 2020
From Open-source to Open-source
From Open-source to Hosted
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
80.00%
90.00%
100.00%
First 6 months
31.97% 32.76%
68.03%
Last 6 months
67.24%
29. 2020 RECAPS | SHOPPING CART MIGRATION TRENDS
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Throughout the year, a large proportion (60,2%) of sellers using hosted carts chose to
move to resembling platforms while the rest switched to open-source platforms. It’s
noticeable that the hosted-to-hosted pair’s portion experienced an increase to 65,53% in
the second period of the year, which made it almost double the other pair’s figure with
merely 34,47%.
In general, the whole year trend presented that the majority of hosted carts vendors tend
to switch to other hosted platforms instead of changing to open-source ones. This is an
understandable decision, especially for non-tech savvy users as open-source solutions
are rather difficult to use and they have to manage everything on their own.
MIGRATION PROPORTION FORM HOSTED CARTS IN 2020
From Hosted to Hosted
From Hosted to Open-source
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
80.00%
90.00%
100.00%
First 6 months
45.16%
34.47%
54.84%
Last 6 months
65.53%
30. 2020 RECAPS | SHOPPING CART MIGRATION TRENDS
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Synthesizing all afore-mentioned analysis, it can be concluded that although users were
more likely to redirect their stores to platforms with the same features, open-source carts
were still prioritized during the year.
In this part, based on our in-house data, we have suggested some eCommerce platforms
that users prefer to move to, and which platforms should improve themselves to keep
their customers onboard. Furthermore, we have analyzed the popularity of shopping carts
country-wise and region-wise. Here are our conclusions:
SHOPPING CART MIGRATION TRENDS: KEY TAKEAWAYS
• Top 3 migrated-to platforms: WooCommerce, Shopify, Magento
• Top 3 migrated-from platforms: Wix, Magento, WooCommerce
• Global popularity: Shopify, WooCommerce, Magento, Prestashop, OpenCart,
BigCommerce
• Preferred cart type: Open-source platform
31. TOP ECOMMERCE PLATFORMS
IN 2020
04
After compiling figures from trusted sources of information as well as our in-house
data, we would like to make a list of the 6 most popular eCommerce platforms that
are worth being heeded in 2020.
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Since its establishment in 2006, Shopify has become one of the biggest hosted platforms
in the eCommerce software market. Currently, Shopify has been home for 1,409,539
online stores. In 2020, Shopify’s global keyword search volumes mainly focused on the
UK, France and Canada. This platform accounted for 14% of the total market share.
There are several reasons that stand behind this position: Dedicated Support, Ease of Use,
and Ease of Scalability.
• Shopfy satisfies any merchant with 24/7 customer service including email, phone, live
chat and tickets.
• While open-source platforms require a lot of steps to set up, Shopify takes the hassles
out of creating a website to get the store up and running in a matter of minutes.
• Thanks to the fast site loading speed and fully-functioned inventory management,
Shopify is the optimal choice for small to giant businesses or those needing rapid
scalability.
To get more professional knowledge about Shopify, please check out this article!
SHOPIFY
Launched in 2011, WooCommerce is an open-source plugin that turns WordPress sites into a fully
functioning eCommerce store. As of January 2021, there are 2,789,626 live websites operating on
WooCommerce. The global keyword research for WooCommerce is estimated to be more than
497,000 searches. Also, this platform is considered as one of the most popular Target Carts
according to our in-house data.
WooCommerce is not only user-friendly and easy to customize, but it also offers low-cost
payments.
WOOCOMMERCE
32. 2020 RECAPS | TOP ECOMMERCE PLATFORMS IN 2020
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• WooCommerce is targeted at beginners and eCommerce newbies, so WooCommerce
developers always try to make it as beginner-friendly as possible for their users.
• WooCommerce stores can be customized in terms of product type, store management,
marketing, payments, shipping, enhancement and subscription and so on.
• Finally, WooCommerce is totally free to use and can be downloaded effortlessly from the
website. Thus, small and low-budget businesses can consider using this platform to build
online stores. Besides, this platform’s customizability also allows large businesses to
optimize the potential of online stores at low cost.
Check out this WooCommerce review for more information!
Though it is not the platform with the highest keyword volume or the most live websites,
Magento is still an ultimate choice for medium-to-large companies. It has been home for
many famous companies including Ford Motor Company, Christian Louboutin, and Sigma
Beauty. Magento was searched for 259,000 times, and it’s currently hosting over 205,000
websites across the globe. In 2020, the number of migration to Magento remained steady,
with 20.20% in the last two quarters, just a tad behind WooCommerce in the first position.
There are several reasons behind the popularity of Magento:
• Built to serve medium-to-enterprise merchants, Magento offers a wide variety of
advanced and powerful built-in features for your store. Besides, this eCommerce platform
also provides the largest selection of extensions (5800+ add-ons) to further boost your
online business.
• It provides a high level of security with new security patches released each version.
Magento mainly aims at large business, therefore, security is their top priority. They
dedicate a Security Center to prevent customers’ websites from external malware and
other security risks.
Learn more about Magento features in this comprehensive review!
MAGENTO
33. 2020 RECAPS | TOP ECOMMERCE PLATFORMS IN 2020
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Wix is an Israel-based website builder founded in 2006. With the launch of Wix Commerce, Wix
lists itself among our top eCommerce platforms of 2020. Wix’s keyword search volume is 7.2
millions, ranking it first as the most searched website builder. The number of live websites also
showed that this platform attracted a host of new users in 2020. However, this platform is in the
list of the most Source Carts in 2020, meaning that though gaining the excellent first impression,
Wix tends to be losing customers later on.
There are several reasons behind the popularity of Wix:
• One strong point of Wix is that it’s truly easy to use. With its drag-and-drop mechanism, and the
newly introduced tool, Wix can be an excellent choice even for those with little knowledge of
coding and design. Wix provides clear and meticulous instructions to guide users through each
step.
• This website builder offers over 100 templates free-of-charge specially made for eCommerce
stores which could be a savior for beginners. Also, with the newly introduced – Wix Editor X,
users can create a webstore with a stunning design while being fully responsive.
Read our Wix Review for more information and insights!
WIX
The open-source eCommerce platform has achieved significant growth in 2020. In general,
Prestashop is quite famous in Europe, especially in France. With the latest version Prestashop
1.7.7.0 released in early October 2020, Prestashop currently has 313,032 live websites equivalent
to 6% in the eCommerce usages distribution on the entire internet. Moreover, the open-source
shopping cart is also in the top 6 favorite choices of merchants all around the world to migrate-to.
There are several reasons behind the popularity of Prestashop:
• As an open-source eCommerce platform, Prestashop is a great option for merchants who not
only want to take advantage of the flexibility of the open-source nature but also appreciate the
ease of use when it comes to store management, SEO, inventory and so on.
• This open-source offers a massive amount of add-ons along with 4,000+ professional
ecommerce website templates so merchants can make a stunning store with just some simple
steps.
Let’s find out more about Prestashop here!
PRESTASHOP
34. 2020 RECAPS | TOP ECOMMERCE PLATFORMS IN 2020
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The last one on our list is Squarespace. As of January 2021, the platform hosts more than
790.000 live websites and accounts for 8% of all eCommerce usage on the entire Internet.
According to our in-house data, Squarespace is also in the top 7 eCommerce platforms
that merchants like to migrate to.
There are several reasons behind the popularity of Squarespace:
• Squarespace is a hosted eCommerce platform with all the basic features needed for an
online store. Besides, it provides powerful and super easy to use website builder tools.
• The customization is also a plus for Squarespace. The eCommerce solution offers you a
developer mode to tweak the structure of your templates or build your theme from scratch
to make your store appearance just the way you want. Moreover, the SaaS solution also
provides you with a set of best-in-class commerce templates to showcase your products
at their absolute best.
• If blogging is one of your central website elements, Squarespace is your solution. You
can trust it to showcase your content as it offers all the necessary blogging features as
well as the advanced ones (eg, geolocation tags, AMP support).
Check out this article to see if Squarespace is your ideal host for the website!
In the next part, we will be providing you with our predictions about eCommerce in 2021.
Keep reading on!
SQUARESPACE
35. In this part, we will:
• Indicate how people are changing
their shopping behaviors
• Predict eCommerce trends in 2021
36. WHAT IS SHAPING THE FUTURE?
6 ECOMMERCE TRENDS
01
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As stated in part I, the statistics and analyses show that eCommerce changed incredibly
during 2020 based on the note-worthy events in eCommerce. For most consumers, the
period of Covid-19 made a substantial impact on their shopping habits.
The purpose of this part is to indicate how people are changing their shopping behaviors
in order to predict eCommerce trends in 2021. Although the effects of Covid-19 brought
out the challenge of distinguishing the reactions to Covid from what the trends really are,
we – LitExtension experts are attempting not to let the pandemic affect the final outcome.
To give you a better picture of what’s happening in the eCommerce industry, we have
collected some of the most notable trends that somewhat describe the future of online
shopping.
In the plight of lockdown and the Covid-19 trauma, changing the way customers purchase
products takes center stage in the conversion generating process. And, it looks like “Buy
now, pay later” eCommerce is here to say. For beginners, “Buy now, pay later” is a payment
technology that allows a buyer to make a purchase without having to pay for it
immediately. It is an alternative to credit and gives purchasers flexibility to shop what they
want. Most importantly, when consumers split the cost of the purchase and follow the
payment schedule, they will not have to pay any interest or fee.
In 2020, while coronavirus is driving more consumers to buy online, this condition may
have hastened the use of “buy now pay later”. Some big eCommerce players like Amazon
are jumping to the BNPL trend by working in close partnership with Citi credit card.
Furthermore, Paypal introduced “Pay in 4” this year to allow consumers to split purchases
into 4 interest-free installments, once every 2 weeks. Or Klarna – a new app that supports
“buy now pay later” service – has doubled the number of its US customers to 11 million,
including 2 million active users who used to be the debit cards holders. We can
confidently assert that this eCommerce trend will substantially grow in the near future.
BUY NOW, PAY LATER (BNPL)
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According to a survey by personal finance site Ascent, over a third of US consumers have
used a BNPL service. Most people use these plans to avoid paying credit card interest or
buying something not in their budget. Another survey carried out in October 2020 by
Cardify – a data firm tracking consumer spending, shows that nearly half of the
consumers said they spend from 10% to over 40% when they use the “buy now pay later”
plan compared to when they use a credit card.
A recent report from IBISWorld predicts the BNPL industry will continue to increase 9.1%
in 2020-2021, bringing it to $741.5 million. As a result, the world leading BNPL services
such as Afterpay, Klarna and ZipPay become increasingly popular to the checkout
processes of online retailers
2021 PREDICTIONS | WHAT IS SHAPING THE FUTURE?
6 ECOMMERCE TRENDS
NUMBER OF CREDIT CARDS AND BUY NOW PAY LATER REVENUE
2011-12
13500 0
100
200
300
400
500
600
700
800
14000
14500
15000
15500
16000
16500
17000
2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
Number of credit cards (lhs)
Buy Now Pay Later revenue (Million $AUD)
Source: IBISWorld & Reserve Bank of Australia, 2020
38. Free Shipping is another factor significantly affecting the online purchasing decisions.
According to the B2C site report, orders with free shipping average around 30% higher in
value and 93% of online shoppers are encouraged to buy more products if free shipping
options are available.
Unless sellers provide very expensive products, offering sitewide free shipping on all
orders will likely not be a feasible option for them. In case the merchants worry about
being in charge of the shipping fee, there are still several ways to implement free shipping
on their online store while still being profitable:
• Increase the product price: If the products are priced moderately, baking the cost of
shipping into the product price is an effective strategy.
• Increase average order value (AOV): Merchants can minimize losses by offering bundles
or a minimum spend threshold.
Additionally, there are plenty of shipping solutions for eCommerce sellers that dedicate
their entire staff to helping you figure out how to ship faster and more affordably. Each of
these solutions helps with a variety of things, but most offer:
• Shipping label printing on-demand;
• Multi-warehouse pick, pack and ship rules;
• Packaging and label customization and branding.
Here are some names of the top eCommerce shipping solutions ShipperHQ, Shipstation,
Aftership, etc.
FREE SHIPPING
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2021 PREDICTIONS | WHAT IS SHAPING THE FUTURE?
6 ECOMMERCE TRENDS
39. In the year of 2020-2021, more and more customers are now paying attention to the
environment and social responsibility. In 2020, we witnessed large companies making
moves to increase their focus on green consumerism such as Nissan, Whole Foods,
Starbucks and far more. Research from Cone Communications CSR (Corporate Social
Responsibility) Study shows that 87% of people would buy a product with a social and
environmental benefit if given the opportunity and 88% would be more loyal to a company
that supports social or environmental issues.
With the impressive statistics shown above, we can assure that sustainability will
competitively drive sales.
The renewed focus on environmental sustainability is a clear sign that online merchants
must step up by observing eco-friendly practices. If merchants haven’t had any social or
environmental responsibilities within the products or services, a perfect way to start is
changing the packaging.
To conclude, consumers around the world are demanding sustainable packaging.
Businesses that respond effectively with sustainability campaigns can expand and
enhance their image.
SUSTAINABILITY
The concept of Artificial Intelligence, or AI, has been around for a long time. However, AI
has been developing and creating a profound effect on our daily life only in the last few
years.
When it comes to the eCommerce industry, AI undoubtedly plays an integral role in scaling
up online businesses, which motivates more and more organizations to corporate AI as a
way to improve workflows and automate processes. By 2022, online sellers are predicted
to spend $7.3 billion on AI, as customers become more accepting of personalized
shopping and data-driven recommendations.
ARTIFICIAL INTELLIGENCE (AI)
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2021 PREDICTIONS | WHAT IS SHAPING THE FUTURE?
6 ECOMMERCE TRENDS
40. The Chinese company Alibaba is the world’s largest eCommerce platform that sells more
than Amazon and eBay combined. To optimise this marketplace, AI is included in
Alibaba’s daily operations to predict what customers might want to buy. With the use of
natural language processing, the company automatically generates product descriptions
for the site.
According to FinancesOnline statistics, 69% of consumers said they’d prefer chatbots for
receiving instantaneous responses. Chatbot with new AI integration will help the chatting
experience become more personalized, branded and more intelligent. With the help of the
AI in eCommerce, personalized product suggestions for online shoppers are increasing
conversion rates by 915% and average order values by 3%.
AI also provides eCommerce merchants with a scalable solution which works around the
clock, using natural language processing (NLP) to help people find what they’re searching
for or even make complaints. By 2021, more than 80% of customer interaction on the
Internet will all be handled by AI (Gartner research).
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2021 PREDICTIONS | WHAT IS SHAPING THE FUTURE?
6 ECOMMERCE TRENDS
41. In the digital era, merchants must be able to contextualise, optimise and narrow down
search results for their customers. AI enables the store owners to leverage cookie data
and provide shoppers with highly tailored offerings.
AI is powerful beyond imagination. And it comes with huge possibilities and
opportunities. A quick and more personalized customer service, retaining customers,
devising effective marketing strategy – AI single-handedly looks after everything.
eCommerce stands to benefit tremendously from AI, and this tool is forecasted to be
worth $27 billion in retail alone by 2025.
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2021 PREDICTIONS | WHAT IS SHAPING THE FUTURE?
6 ECOMMERCE TRENDS
Social media is not what it used to be. It’s no longer a channel by which people connect
with others. Social media has evolved to a marketing tool, enabling brands to further reach
their target audiences. Currently, there are over 3.4 billion users across Facebook and
Instagram which is a fertile land for merchants to set up their business. It’s fair to say
social commerce can be one of the hottest trends in social media today, and it seems to
have an even bigger impact in 2021
On social media platforms, customers will be able to discover brands through social
contents, and find products they normally wouldn’t search for on an eCommerce platform.
Over 81% of UK customers surveyed admitted to purchasing a product after seeing it on
social media. Moreover, the social element also makes it easier for brands to create
interactive, sharable campaigns that help new products go viral.
Also, the great news is that in Oct 2020, Tiktok has made a partnership with Shopify which
can bring the Chinese-owned app in line with social media rivals such as Facebook.
Through the new partnership, Shopify merchants will be able to connect to a Tiktok for
Business account and add a Tiktok tracker to their store. The purchase is made on the
Shopify store, so transaction and customer data stay with the retailer rather than Tiktok.
SOCIAL MEDIA
42. Platforms like Instagram and Facebook have been equipped with “buy buttons,” which
allow retailers to sell through them. Online stores have also been establishing links with
social media platforms, enabling customers to make purchases. As a result, in Mid 2019,
Facebook launched Instagram Checkout saying that its goal was to build a better
experience for users to shop directly on Instagram. Furthermore, in the US, customers are
more accustomed to purchasing directly from the brand rather than on marketplaces such
as Amazon, which accounts for 49% of eCommerce and even more for smaller-value
items such as basic apparel, consumer electronics, etc.
To better connect with target customers, the merchants should consider investing in an
omnichannel social media sales strategy. Customers would like to keep in touch with a
company through various channels such as: online website, email, Facebook Messenger,
Instagram direct message, social media, and more. For a fully omnichannel experience,
social platforms need to be seamlessly integrated. Everything happens on social media
nowadays, which means that business owners should acknowledge the power this tool
has for their customers.
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2021 PREDICTIONS | WHAT IS SHAPING THE FUTURE?
6 ECOMMERCE TRENDS
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VISUAL COMMERCE USING AR TOOLS
2021 PREDICTIONS | WHAT IS SHAPING THE FUTURE?
6 ECOMMERCE TRENDS
Augmented Reality (AR) is no longer a new term for the tech-savvy people as it was first
introduced in 1990. Later on, AR has been used in the eCommerce industry since 2016
which indicated a positive sign of the new online shopping experience. In the situation of
Covid-19, AR is rapidly on the rise and becoming an eCommerce trend. Not to mention the
pandemic, AR itself is a powerful tool that the merchants should invest in to greatly
enhance the shopping experience.
With the rise of AR tools, retailers can even project how the product would fit virtually on
the customers. Aside from visual showcases, this trend also includes functionalities that
enhance the way customers discover the offerings via search.
Here are some of the impressive statistics which shows the future of visual commerce
and AR tools:
• Image influence: 83% of shoppers will click to product images as they are the most
influential factor in their purchasing decisions.
• Increased shopper engagement and trust: visual images using AR tools can boost
customer engagement by 66% over the traditional images.
According to Gorniak – CEO of Threekit, he admits that companies have a
once-in-a-generation opportunity to embrace the new way people are going to be buying.
Even after the pandemic is over, people’s expectations for better visual experiences will be
higher, so it’s imperative for companies to make sure they are meeting these demands.
44. SHOPIFY
It’s no surprise that Shopify is still in the top eCommerce platform list in 2021. Trusted by
millions of merchants, Shopify is the best solution when it comes to building online
businesses.
Shopify is proud to satisfy the demands of many merchants by providing up-to-date tools
for eCommerce trends. First of all, Shopify and Shopify Plus have taken businesses to a
new level with Omnichannel. Omnichannel has been integrated with Shopify since the end
of 2019. Shopify has also partnered with Facebook since May 2020 to help
small-to-mid-sized businesses create branded storefronts and unique in-app shopping
experiences on the new Facebook Shops and Instagram Shops.
Running an omnichannel business is serious work. The more channels you extend your
store on, the more important it is to have a watertight inventory system that puts
everything in the right place. Understanding merchants’ concerns, Shopify offers lots of
tools that can help solve optimization challenges to increase profit and protect the
inventory system. Since then, more and more businesses have been taking the
advantages of the omnichannel sale to sell their products.
We predict the number of merchants leveraging omnichannel selling will dramatically
increase in 2021 and the following years. An IDC report found that retailers using
omnichannel commerce solutions saw a 15-25% increase in average order values, 5-10%
increases in customer profitability, and 30% higher customer lifetime value.
It can be seen that Shopify, with its constant updates in the current eCommerce situation,
is definitely one of the best eCommerce platforms ever.
TOP ECOMMERCE PLATFORMS
IN 2021
02
2020 has been a tough year for both merchants and customers. Let’s head to 2021 with
our compelling list of the top 5 eCommerce platforms which are predicted to make your
online business flourish.
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MAGENTO
Magento has long been a solution for medium-to-large businesses. Favored by an array of
well-known brands, Magento has always been among the top eCommerce platforms for
many years and we believe that Magento will be on the list in 2021 once again.
Magento can seamlessly enable a perfect omnichannel strategy. This platform provides a
“Magento Order Management” feature that provides a seamless customer experience,
increases sales while reducing costs, and accelerates the time to market.
Also, this platform is well-equipped with a bunch of Augmented Reality (AR) extensions in
the marketplace, therefore merchants can effectively customize their stores to follow the
eCommerce trends. In April 2020, Product Recommendations is built and powered by
Adobe Sensei – artificial intelligence (AI) and machine learning technology – to help
merchants create engagement, increase conversion and drive revenue. The merchants
can now deploy automated product recommendations across their storefronts to help
their customers discover relevant products throughout the shopping journey.
Since its acquisition by Adobe, Magento has geared up its pace for releasing regular
updates for all editions. With its announcement about the release of Magento 2.4 in Q1
2020, the number of new active stores dramatically increased to more than 22,000. With
Magento’s impressive growth and continuous updates, this platform will definitely be the
wise choice for online merchants to build up their business.
Although using Magento brings the challenge of a steep learning curve, it is still one of the
most powerful eCommerce platforms in the market. Surely, this platform can help mer-
chants grow their businesses without a hindrance.
WooCommerce is considered as an ace WordPress plugin. Based on data from
StoreLeads, the number of new WooCommerce users is currently more than 400,000 in
2020 only. We predict that this number will steadily grow more in 2021.
WOOCOMMERCE
2021 PREDICTIONS | TOP ECOMMERCE PLATFORMS IN 2021
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Merchants favour this platform because it has a high level of customization thanks to the
open-source nature. As a WordPress plugin, WooCommerce is also one of the most stable
and advanced CMS for SEO and blogging. In addition, one of WooCommerce’s strong
points is that it offers tons of plugins/ extensions that can support merchants’ expansion
and growth. Users can access plugins on both WordPress and WooCommerce
marketplaces.
Following the eCommerce trends in 2021, sellers can avail of payment gateways like
Stripe, Paypal, AmazonPay or even options for ”buy now pay later” (BNPL) like Afterpay,
Klarna. AR tools such as CartMagician will help merchants bring their online store to life
by offering customers a virtual try-before-you-buy experience in their own environment.
For approaching wider customers, WooCommerce also integrates with the most powerful
and potential social media platforms such as Facebook, Amazon,.. to help merchants sell
through multiple channels. The base plugins are 100% free, and there are plenty of
modestly-priced extensions that can extend your options even further.
This revolution will enhance the shopping experience which can be very helpful for
merchants to increase sales and conversion rate.
WIX
Wix is a name that most people are familiar with as both a website builder and an
eCommerce platform. With the substantial increase in the number of users in the first half
of 2020, Wix is undoubtedly a strong competitor among the top eCommerce platforms in
2021.
The reason why Wix is expanding rapidly is that more and more store owners are choosing
an easy-to-use platform. Wix’s strongest point is that this platform is an all-in-one, drag &
drop, cloud-based web development tool for merchants to start running their businesses
without having to know a line of code.
To follow the movement of the eCommerce industry, Wix has connected with Facebook
and Instagram Ads and lifted up the omnichannel selling by allowing users to manage any
purchase from a single dashboard. All you need to do is set up your Ads on your store
dashboard and the Wix AI will take care of the rest for you.
2021 PREDICTIONS | TOP ECOMMERCE PLATFORMS IN 2021
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PRESTASHOP
PrestaShop has always been considered as one of the optimal solutions and favoured by
most of European merchants.
With more than 600 features and over 5000 modules & themes available in the
marketplace, PrestaShop provides virtually everything required including BNPL service,
omnichannel or AR tools. Because PrestaShop is an open-source platform, users and
developers are guaranteed a secure, scalable, flexible and sustainable solution for all
eCommerce projects.
However, PrestaShop doesn’t seem to provide many updates and new features during
2020 to respond to the global situation. Therefore, if PrestaShop doesn’t make a huge
breakthrough in 2021, it will be hard for them to stay in the top-list eCommerce platforms
in the following years.
Apart from all the giants, there are also a few competitors that are on their way to being in
the top list. Here are 5 platforms that we believe will make drastic changes to the
eCommerce industry in the near future
• OpenCart is an easy-to-use, powerful, open-source platform that can manage multiple
online stores from a single dashboard. This platform is a bright competitor because the
increase of live websites in Q4 2020 is three times higher than Q3 2020. It can be easily
seen that the OpenCart 1.5.xx update released in September 2020 is the main reason
merchants switch to OpenCart. We believe OpenCart and its updated features will be even
more successful in 2021.
OTHER PROMINENT SHOPPING CARTS
2021 PREDICTIONS | TOP ECOMMERCE PLATFORMS IN 2021
Plus, Wix has finally integrated with several of BNPL solutions for small-to-medium
businesses to give customers financial freedom. Using Wix, businesses can offer pay
later options to their customers with no additional integration costs.
With all the outstanding features listed above, Wix has been attracting more and more
merchants. We hope that 2021 will be a blooming year for Wix and its millions of users!
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• BigCommerce is an optimal eCommerce solution for medium to large businesses. This
platform also integrates with Amazon, eBay and it has social selling and omnichannel
capabilities. Being offered dominant features, it is perfect for merchants to clinch the deal
easily. Furthermore, BigCommerce also has a ShipperHQ integration, which offers
customers good deals of free shipping. With tons of powerful features provided,
BigCommerce can quickly follow the eCommerce trends without a hitch and become one
of the top eCommerce platforms in the industry.
• Squarespace has been selected in the top 6 eCommerce platforms in 2020. This
platform is gradually strengthening its position as it continues to appear in the top
eCommerce platforms in 2021. With the steady growth in live websites compared to 2019,
we expect the number of users to continuously increase in 2021. We hope that
Squarespace in 2021 will be able to flourish above expectations to meet all users’
demands.
• BigCartel is an eCommerce platform for artists and creators who need a place to sell
artworks, clothes, jewelries, and photo prints. With an outstanding increase in users in the
third and fourth quarter of 2020 (StoreLeads), BigCartel is predicted to be a potential
competitor in the top list.
• Ecwid is a cost-effective solution for small and medium-sized enterprises to sell their
products widely. With more than 10,000 new stores built this year, Ecwid is bound to be
more successful in 2021.
2021 PREDICTIONS | TOP ECOMMERCE PLATFORMS IN 2021
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All in all, the year 2020 has passed with opportunities as well as challenges for online
businesses. E-merchants have to adapt to the changing shopping behaviors and
therefore, they have to look for the most suitable eCommerce solution for their business.
Correspondingly, the competition among eCommerce shopping carts has become more
and more intense, with new versions and updates.
Having analysed in-house as well as other data about eCommerce platforms and its
migration trends, this paper can be summarized as follows:
• Open-source was the most migration-to type of eCommerce platform.
• The top 6 eCommerce platforms in 2020 are: WooCommerce, Shopify, Magento, Wix,
Prestashop, Squarespace.
• The top 5 projected eCommerce platforms in 2021 are: WooCommerce, Shopify,
Magento, Wix, Prestashop.
If you are an online seller and you are looking for the perfect platform for your business in
2021, take a look at this:
• If you are an eCommerce newbie without any technical base, Shopify or Wix would be a
wise choice thanks to the ease of use. Besides that, WooCommerce is another decent
option for those with a tech base and wish for full customizability of the e-store.
• As your online business grows with an increasing number of new customers and orders,
migrating to a more robust platform is a wise decision. While Wix and Squarespace are
more likely to meet beginners’ satisfaction, Shopify is a powerful platform that allows
online merchants to scale up their businesses. Apart from that, Magento and
WooCommerce are suitable for experienced merchants who need robust tools to leverage
their stores.
• Apart from the top 5 eCommerce platforms mentioned above, OpenCart, BigCommerce,
Squarespace, Prestashop, and Ecwid are the next best options for merchants. These
solutions have experienced a steady rise in popularity throughout the year. With more and
more features added, in the near future, we may watch some changes in the top 5
eCommerce platform list.
We will wait and see whatever the future holds for these eCommerce platforms, and we
will meet again next year!
Thank you for reading, see you in our next industry report!
FINAL WORDS
51. LitExtension is the world-leading shopping cart migration service for
merchants and eCommerce experts. Founded in 2011 by a group of
enthusiastic programming experts, we’re proud to have delivered
150,000+ successful migrations for 50,000+ customers worldwide.
If you are about to move your store to another eCommerce platform, you
can count on LitExtension without a doubt, because:
• We support migrations among 100+ website builders.
• You can transfer every important data including products, customers,
orders and other related data.
• There are plenty of additional options for you to expand the migration
possibility such as: customer password migration, migrating SEO URLs,
creating 301 redirects…
Choosing the right eCommerce platform is of great importance for a
successful online business, and LitExtension can help you confidently
go with the right choice any time.
ABOUT US
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