Attempt These 2023 E-Commerce Trends for Your Magento 2 Store
Tags: ecommerce, magento, development, news
Published: 2023-03-22 11:24:48

The year 2022 was challenging for the world economy. The International Monetary Fund reports that the economy grew by 3.2% in 2022, down from 6.0% in 2021. However, the estimate for 2023 is unimpressive. As inflation continues to rise, consumers are being more cautious when making impulsive purchases, while firms are continually enhancing their marketing tactics to attract customers. Because of this, it's crucial to continuously enhance your business and follow developments in the online retail sector.

We wrote this blog post so that you may discover the eCommerce trends that will be widespread in 2023. Based on current performance and forecasts from industry leaders, the trends discussed in this article were chosen. So what are the most recent eCommerce trends?

##1 Selling via omnichannel
A website is an easy way to market your products and services. Yet, there's no reason to confine your business potential to a website channel alone in the world of today. 95% of consumers connect with brands through more than two channels, according to Zendesk.

![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/n2vv3ym3kgp427hurwkn.png)
Where is it easier to reach a customer today—when they are browsing a website or while scrolling through their Instagram feed? In the first scenario, clients typically have a need or at the very least visit your website for a specific purpose. Nevertheless, if we combine these two channels, our consumer base would be larger and we will have more prospects for conversion.

Forbes estimates that 52% or so of eCommerce websites are multichannel.Some of them are outdated, some are only gaining their popularity. Let’s explore the best of them!

##2: Machine learning
Artificial intelligence has emerged as a major trend in the eCommerce sector in today's frantic digital world. AI technologies, which range from chatbots to targeted advertising campaigns, have the capability to improve consumer experiences, streamline company operations, and grow businesses.

![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/7gpbdhcloz7ph1g952wt.jpg)

In the field of supply chain management, AI is also having a big impact. Businesses can estimate demand, optimise inventory, and enhance logistics with the use of AI-powered solutions, which can save costs and hasten delivery times. AI-based solutions can also aid in the detection of fraud, lowering the likelihood that businesses would suffer financial loss.
With all these factors, AI is becoming increasingly popular among [eCommerce companies](https://www.shopifywebsitebuilders.com/) overall, not just Magento 2 stores. Let's examine the most widely used examples of AI technology that you ought to incorporate into your website this year

##3 Subscription business model
The subscription business model is already being adopted by an increasing number of companies. 15% of online buyers have subscribed to one or more subscription-based services, according to McKinsey & Company. Customers can subscribe to get recurring deliveries of goods or services. They have therefore gained popularity across a range of industries, including those of food, cosmetics, and textiles.

![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/kwu2e4mdlo6i4b05j8qm.png)
The certainty of revenue that subscription models offer is one of the main advantages for organisations. Businesses can schedule their finances and inventories appropriately if they get a consistent stream of recurring payments from clients. For startups and small enterprises who wish to maintain a regular cash flow, this is extremely helpful.

##4 Videos and visual representation
Videos and visual content are essential in eCommerce. Online customers are unable to touch or try on things in person. Also, one of the primary functions of visual representation is to depict products in a more accurate and thorough manner. This may involve the use of crisp photos, 360-degree panoramas, or even augmented reality (AR) adventures. Due to the fact that they enable buyers to view the products in a more realistic setting and get a better idea of how they will appear and fit in their own homes, these technologies can be especially helpful for [Magento 2 websites development](https://www.cyblance.com/magento-2-development-company) that sell goods like apparel, furniture, or home decor.

Brands use a variety of strategies, such design planner or photo zoom, to produce a bigger effect. It enables clients to get a better idea of how the product appears in actual use.

Another effective media is video, which can be used to convey consumer feedback and testimonials as well as to showcase products and give product demonstrations. A Liveclicker study found that product pages with videos can boost conversion rates by as much as 80%.

##5 mobile apps
Businesses are turning to mobile apps as a means to enhance the customer experience and boost sales as an increasing number of consumers use smartphones to surf the internet and make purchases.

## conclusion
In conclusion, firms must stay current with emerging trends in order to remain competitive in the ever changing eCommerce market. Omnichannel selling, artificial intelligence, subscription business models, visual representation and films, and mobile apps are five important developments to watch in the upcoming years.

Consumers want a smooth buying experience, therefore omnichannel selling—which enables firms to connect with customers across numerous channels—is becoming more and more significant.

eCommerce has also been significantly impacted by artificial intelligence. Businesses may personalise recommendations, promotions, and marketing with AI, as well as enhance supply chain management, fraud detection, and customer support.

While they provide customers convenience and businesses a consistent stream of recurring revenue, subscription-based business models are growing in popularity.

Videos and visual representation are crucial for product presentations because they make things more approachable and tangible and may boost consumer conversion rates.

Last but not least, as mobile commerce develops further, smartphone apps have grown in significance. Businesses can contact customers who are on the go, offer a streamlined purchasing experience, and raise brand awareness by using mobile apps.

Businesses should think about incorporating these trends into their operations to stay ahead of the competition. They may enhance client experiences, boost productivity, and promote growth by doing this.