Magento is still widely used by businesses of all sizes around the world. It's known for its flexibility, scalability, and a large array of features, making it a popular choice for many eCommerce businesses. Magento offers an open-source version that can be heavily customized and a premium version with added features and support. It has a strong community of developers and numerous plugins and extensions. However, it's worth noting that Magento, like any platform, may not be the right choice for every business. It can be complex to manage, and may require more resources than simpler platforms, so it's best suited to businesses with specific customization needs or the resources to manage it.