Last updated - November 28, 2023
In the time of the internet and rapid communication services online shopping has become a common tool for the masses to buy products and services online. Hence to understand the future of eCommerce and outsourced web development trends we need to be aware of them first.
eCommerce and Outsourcing of Web Development:
If we break the word eCommerce we will find a clear meaning in itself. eCommerce is a commercial transaction based on the platform of electronic devices for the sale and purchase of goods. mostly smartphones, computers, tablets, etc do these transactions. It covers a wide range of business spheres such as online stores, B2B (Business to Business) in the digital marketplace & e-auctions. If we analyze the data of global business of the past 10 years, we can see clear evidence of the potential of eCommerce.
If eCommerce is an agent of business revolution then Outsourcing of web development is the catalyst of this revolution. In Other words, outsourcing web development is a proven trending practice which is rapidly being adopted by companies to produce best-in-class web development projects using an external organization located in any part of their work. It is in trend as it is efficient in reducing the overall expenditure and achieving exceptional web development service at the same time. Without any doubt web development outsourcing is a revolutionary service that is changing the aspects of optimizing your business and services.
Now, let’s check out how there is a neverending scope of eCommerce and outsourced web development services have become the biggest elephant in the room.
Shaping of Tomorrow
The combination of eCommerce and web development is reshaping, how we do business and other commercial activities in modern days. It has reshaped the framework, of how modern-day business activities need to be done using the digital infrastructure. Without any doubt, this tech is bringing the revolution in shopping and developing web platforms giving to an organisation having the brightest minds in business. The inclusion of Artificial intelligence and machine learning has made this trend irreplaceable.
Future of eCommerce and Outsourcing of Web Development Trends
The future of web development with eCommerce platforms has a huge scope and plays a vital role in a deluge of businesses to grow around the globe. Through the following points, we can understand the upper hand it serves:
Artificial Intelligence and Machine learning
It is evident that Artificial intelligence and machine learning play an important role in providing essential productivity features such as customization, customer service, data analysis, smooth shopping experience, etc. For example- if a customer visits an eCommerce website, AI based on the browsing history caters to him with personalized product or service recommendations.
In other words, it helps to fine-tune the user’s experience. On the other side, AI chatbots are readily available to provide instant customer support on the most commonly asked questions. This enables customers to glide through the confusion of multiple tabs and menus.
Augmented Reality (AR) and Virtual Reality (VR)
The technology of AR and VR has changed the experience of shopping from the previous ways. Now customers using smart devices can have realistic exposure to shop items such as clothes and other accessories by trying them in a virtual world showcasing in 3D.
Using the outsourced web development tools this experience becomes elevated adding additional superior features such as intuitive vibration motors and haptic feedback. Using outsourced web development tools brings immersive and engaging AR/VR applications that are getting a pace for being adopted by the masses.
Blockchain and Cryptocurrency
The evolving technology of Blockchain and cryptocurrency has brought an impactful change in the world of eCommerce worldwide. It has brought a rigid infrastructure to perform secure online transactions. For eCommerce platforms, it enables fast and tamper-proof transactions while for organizations it keeps the whole transactions quite transparent. In manufacturing business owners it provides tools to review the history of a product from manufacturing, packing, and logistics to delivery.
Cryptocurrencies enable zippy transactions bypassing hurdles in business such as international restrictions, currency conversions, delays in transactions, etc. while the requirement of Banks and their intermediaries are also eradicated. Under this technology, no transaction fees as well as other charges are levied by the banks.
The introduction of cloud computing into eCommerce has augmented the working capabilities of eCommerce in multiple aspects. It has driven the scalability, agility, and technological reach for their customers in multiple folds in the digital marketplace. Using cloud computing tools from large to small eCommerce and related companies can manage their operations efficiently without having the physical infrastructure inside the campus.
Deployment of operations such as website hosting, adoption of the latest software, customer-based data analytics, blockchain for data transparency, etc are some of the landmark services that are covered under cloud computing services. Additionally, the highly efficient integration of IoT-based tools creates an extra advantage, which is the future of the eCommerce business.
Fintech is the perfect blend of technology and financial services. It is the use of automated tools to cater to finance-based operations in multiple sectors of the economy. In other words, fintech has brought a radical change in terms of online retail and eCommerce business. Since we can see a deluge of eCommerce platforms launching every day, to provide payment infrastructure fintech plays an important role.
After the inclusion of fintech in businesses worldwide it has become an integral part of transactions and payment worldwide. It has created an exceptional experience both for customers and business organizations in the form of payment gateways, Digital wallets, pay-later solutions, EMIs, etc. In doing so web development tools also played an important role in the deployment of these tools successfully.
While conducting all these tools web development tools ensure full transparency and security during whole transactions. The synergy of outsourced web development tools with potent fintech brings immense capabilities to eCommerce companies to deliver services to a wider range of products and services. On the other side, it keeps shopping reliable and trustworthy.
In the past years, we have seen a subscriber shift in eCommerce companies. For example, companies like Disney, Amazon, Flipkart, eBay, Shopify, etc are pushing customers towards subscription-based models. The trend is real, where large eCommerce companies offer a wide range of services from buying clothes, electronics, apparel, groceries, loans, insurance, investments, etc on one platform.
In this way, these digital shopping platforms are trying to retain their customers while adding a subscriber discount model to retain them. This trend is creating a win-win situation for the customers as well as for the eCommerce platforms.
There are multiple folds of scope with the synergy of eCommerce and outsourced web development, which is shaping the upcoming future of digital platforms with more R&D and innovation persistently. Hence this combination of digital platforms and outsourcing web development will withstand and expand in the decades coming ahead.