Do you know?
For the third year running, Gartner ranked Magento as a leader in digital commerce platforms.
Magento powers over 260,000 eCommerce sites. With a 29.89% market share, the company continues to grow.
These facts prove that the potential of Magento development services is massively unpredictable. This is why small retail businesses and large enterprises want to take advantage of this leading eCommerce platform.
Also, when selecting an eCommerce platform, businesses need to be well thought out and right. And, here comes the role of Magento.
The best platform for companies is considered to be the Magento eCommerce platform. Using third-party modules, the Magento platform expands the store’s user base, handles coupons, incorporates several payment options, adds security seals, and does much more.
Magento eCommerce aids companies in creating online stores and is adaptable and adjustable. Three versions of Magento are available to support enterprises of all sizes, from small startups to established corporations. Thanks to the architecture’s user-friendly layout, your store’s design and operation are in your hands.
This article informs you about Magento’s market share, how it succeeds, and the future.
Magento eCommerce Market Share
The eCommerce CMS Magento open source is incredibly secure and reliable. Because of this, it appeals to companies with high traffic volumes and strong brand recognition in the eCommerce sector.
Magento is most commonly used on busy websites. Here are some additional fascinating Magento-related details—
- Magento is used by 0.9% of websites that use a CMS, or 0.6% of all websites.
- The top categories that favor Magento open source are lifestyle, eCommerce & shopping, home & garden, and computer electronics & technology.
- One of the top 10 CMSs for creating eCommerce websites is Magento.
- The top 4 countries using Magento are the United States, the United Kingdom, Germany, and the Netherlands.
- Magento is among the top five open-source content management systems.
- Currently, about 171,800 retailers use Magento.
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How Magento Succeeds Out of All Platforms
1. A more robust security system
After knowing about or looking at security concerns, you might feel apprehensive. However, Magento is still among the most secure eCommerce platforms in the world right now. For example, Magento 2.1 is loaded with many extremely cutting-edge features, such as random Admin Url, to secure from assaults on specific targets.
The Magento developers are severe and persistent about addressing all security flaws through frequent upgrades and patches. They have pushed the platform into a safe zone because of their demonstrated ability to lower the risk of a cyberattack drastically. As of right now, you may entirely rely on Magento’s security.
Third-party plugin developers are also developing extensions to enhance the platform’s security. For example, Mageplaza created the Magento 2 Security Suite Extension to secure against hacker attacks on your store. The protection from brute force attacks, the action log, and the away mode are beneficial features. It can detect file changes, and when files are modified, it will email you a report.
2. An increase in market share
Shopify has replaced Magento as the second-largest eCommerce platform. It doesn’t, however, affect the market share as a whole. Magento’s market share increased significantly in 2018 from 9% to 13%. The growth is attributed to several factors, including the acquisition of Adobe.
Magento luminaries Kalen Jordan and Phillip Jackson explain in a podcast, “Magento is itself a brand, and stop saying Magento is Adobe Commerce.”
The creative software industry leader offers various cloud solutions through its experience cloud, including Data Management, Content Management, and Analytics. In the long run, Magento’s offerings can be significantly improved. As a result of Adobe’s highly developed ecosystem, Magento will be able to compete fiercely with Shopify and other e-commerce platforms on the market.
It’s Clear: Magento has a Bright Future
Progressive Web Apps
The entire Adobe Experience Cloud might achieve a new level of usefulness by connecting Magento and the Commerce Integration Framework (CIF). Through the PWA Studio and the developer tool kit, Adobe has already begun providing Magento customers with access to Progressive Web Apps (PWA).
With it, retailers can create apps-like online shops, and conversion rates increase dramatically. In the years to come, Magento stores will see a sharp increase in revenue growth. What is required the most is awareness among businesses.
The way users interact with websites has changed thanks to AI. You can use it to study buyer behavior and adjust the interaction system as necessary. You can also generate tailored product recommendations based on visitor footprints.
Chatbots are a great application of AI. They will keep being installed in more stores, enabling customers to reply to their problems immediately. Speaking of which, Magento will continue incorporating AI more sophisticatedly to improve the user and customer experience.
Advanced PIM Solution
In October 2018, Magento teamed with Akeneo, a French firm specializing in open source product information management (PIM). Before the agreement, Magento had few PIM choices. However, it is much easier to aggregate the product information now. Product data can be unified between Magento, CMS, and ERP.
Additionally, it improves the effectiveness of the workflows for product production and validation. As a result, you can launch the product in less time. Faster market distribution and higher total sales or income are the results. Thus, it will significantly help your business.
To Wrap Up
Given its strength, it’s no surprise that Magento is one of the most widely used eCommerce solutions. Through an eCommerce solution that meets business demands in every possible aspect, from creation to branding, it delivers flexibility and freedom. The Magento CMS is the ideal option for online stores.
We hope this article gives you all the necessary information about why Magento is currently the best option for every online store that wants to build an eCommerce website from scratch. Need assistance along the journey? Then, get in touch with us. We’d be pleased to guide you through the Magento site setup process.