Is it Worth to invest In E-commerce mobile app development
There's no denying this fact that the advancement of mobile app technology has revolutionized the way we live and run our business. E-Commerce Mobile App Development for your company has become an imperative need of an hour with emerging developments in mobile applications and their growing prevalence.
With 90 % of the time spent on smartphone applications and about 30 web apps per month, it's fair to say user behavior has changed significantly in recent years. Ios applications have not only took it to your fingertips but also made it much easier to incorporate the Voice search commands. All you need is the ios app to purchase everything right from buying food to food, booking movies to flight tickets. In fact, with the increasingly growing use of such technology to conduct different activities, it is expected that by 2021 mobile trading will account for 73 percent of global market share in eCommerce.
However, if you're one of those who still think that investing in an eCommerce mobile app is just a financial strain on your company, then you need to first consider the eCommerce mobile app principle and the explanations why companies need a mobile app for commerce?
Let's get straight into this post:
What is a Mobile Application in Ecommerce?
An Ecommerce Smartphone App is a great forum for companies of all sizes that helps them to advertise, sell, and purchase goods and to communicate with new consumers. Therefore, as it provides great shopping ease, more and more consumers are making online transactions via smartphone applications.
Before you decide to eCommerce mobile app development, however, it's worth considering the widely used compelling eCommerce design templates, as seen below:
Mobile eCommerce applications Business To Business (B2B) seek to market business goods and services. With the support of mobile apps, the transactions are carried out between two companies and create a tremendous opportunity for you to gain future revenue from B2B applications.
For example: if you produce a product or service line and wish to market it, then B2B apps will provide you with a forum to sell the businesses that are interested in your brand.
In addition, the growing demand for B2B applications is projected to push the market to $140 billion by 2023, and smartphones are predicted to be 70 percent of all B2B queries by 2020.
Business To Consumer (B2C) is one of the most common forms of product models since it allows us to connect with some retailers (online markets such as Amazon, eBay, Flipkart) and end-customers ready to make final transactions. In addition, most businesses prefer to use this sort of app platform, as it helps you to market goods and services directly to end-customers, incorporate a range of items, and implement unlimited retail sales to this site.
Stats and facts to understand the importance of having a mobile application in electronic commerce
It's important to analyze the market to get the best ROI before deciding which eCommerce mobile app model you need to proceed with. It is also critical for online business owners to be up-to-date with the current state of the e-commerce market, but also for companies that are still located in-store.
Let's take a look at the current state of eCommerce figures and see how the world's trade is progressing at a steady rate online.
The number of global internet customers will rise from 1.32 billion in 2021 to 2.14 trillion, according to Statista 's report.
The eCommerce industry revenue is expected to hit $2,411,638 m in 2020 according to the new business research. And by 2024 the number of consumers in the eCommerce industry is projected to rise to t0 4,658 million.
With the effect of many factors including affordable tablets, internet membership plans, improved purchasing capacity, and more between 2020 and 2024, Turkey, Argentina, Indonesia, and India are projected to be top countries for overall eCommerce retail sales with CAGR estimates of 20.2%, 16.3%, 15.4%, and 13.1% respectively.
According to the survey report, 2040,95 percent of retail sales will be online and will generate great value for the retail economy.
In The Nutshell: Hopefully, you've understood the increasing demand for eCommerce mobile app development solutions in 2020 with these stats and facts. Furthermore, the above figures and survey reports depict the declining popularity of bricks and mortar stores as opposed to online stores.
So, let's assume you're ready to hire a mobile app developer now but you might still be scratching your head with the question of what you'll get from the Mobile eCommerce app?
Let's find the answer beneath ...
What will your business get from the mobile app for e-commerce?
Looking at the market trends of the last couple of years, you'll find an undeniable fact that mobile apps have brought a big change to the market. Gone are those days when people went to the local shops with the list of items in hand as mobile eCommerce apps took over those local stores simply by adding the convenience of ordering the products with one tap.
Besides that, here are the reasons why you need to invest in eCommerce mobile apps development?
Mobile Phone apps are the chosen shopping option
There's no ignoring the fact that smartphone applications are far easier to use than surfing websites. Since everybody is using smartphones these days, easily installing the eCommerce smartphone app makes it very convenient for consumers to reach online shopping stores.
When downloaded, 75 % of applications are used. The explanation users don't need to recall complex URLs and log in anytime they visit your site. Additionally, surfing apps are much easier than searching for websites on eCommerce. The apps' quicker loading time still provides a great user interface and creates a good browsing experience for the clients.
24 * 7 Connectivity Will boost interaction with customers
Ios apps will help you remain linked to your customers 24 * 7 due to the growing rivalry in the market domain. And the surveys show that most users worldwide devote 90 percent of their time on cell phones and games. So making your eCommerce mobile app would not only help you extend your market, but also ensure your 24/7 customer availability, which eventually increases consumer experience.
Improves Quality Reliability
Gone are the days when blogs were dubbed the brand's face. Nowadays, with the growing proliferation of mobile applications, these applications have begun to serve as the posing face of the internet business. The clarity offered by the mobile application eCommerce gives the customers in many ways a great relief point.
Important Revenue Stream
Whatever type of mobile app platform you want to build in 2020, mobile eCommerce applications can be a one-off and incremental source of revenue. Since eCommerce Mobile apps deliver a large range of goods and services on a single button, consumers find it much easier to buy in your e-shop.
Rising up client satisfaction
Typically, when a client visits a company, they search the firm's business information. When a customer installs your app, though, it means a customer already has a curiosity in your goods and services. To turn your guest into a future buyer, what you need is to follow the right loyalty scheme. 64 % of retailers say their scheme of loyalty/rewards is the best way to communicate with customers.
Offering new campaign strategies
You can deliver world-class offerings and product ranges, but what if it doesn't have buyers? A reliable mobile app development company will help you create a perfect store that not only helps you to communicate with new clients but also promotes your brand. Furthermore, close tracking and review of your app's traffic will quickly predict the behavior of the user to be able to determine whether they are less likely to purchase your goods.
Creating a good consumer relationship
With the website, that is very difficult to accomplish. Of course, you can keep your customers up-to-date on your latest items or seasonal sales by email, but this medium lacks a clear communication with consumers as a smartphone app would create with the push alerts.
Push alerts are also easily available and can continue to remind consumers of your name. These alarms often act as a personal communicator between the company and consumers, which immediately seeks shoppers' attention when they get an app alert at the right moment.
In the Nutshell: There's no question that eCommerce Mobile applications will help you grow your company to the next level, allowing you to meet a wide variety of clients. And multiple mobile app development company will help you create a highly usable and profitable business app. The question now, however, is what makes these applications incredibly effective, entertaining, and impactful?
What are the Common Features Making Ecommerce Highly Demanding in 2020?
The industry's big shark has been eCommerce apps like Amazon, Flipkart, eBay, and much more. Not only because they offer great comfort in shopping from a smartphone for the right thing, but also because these applications are bundled with the vast range of features that make it a perfect option for shopping in 2020.
Let's take a look at the features available in an eCommerce app:
Shopping Cart helps shoppers to purchase several items at the same time instantly with only one click, without leaving the shopping list. All you need to make sure the software is well designed and helps consumers to use the functionality without having to face any difficulty.
Push Alerts play a key role in keeping the clients engaged with the app and motivating them to shop at the right time. By taking advantage of this feature, you can alert your users of the launches, new items, and deals to help them stay tuned to your app.
Social incorporation of the eCommerce app can help consumers quickly exchange feedback and items across their social media pages and also improve awareness of the brand on other channels.
Product Catalog will make a major change in traffic for the app. High-quality merchandise and an immense range of items can make the customers more involved with the app and have the best shopping experience.
Search Filters allow users to find selected products in a short time frame and encourage users to buy just what they want.
Order History will help customers remember what they have bought in the past and allow them to reorder the items from history once again browning up the massive catalog.
Multiple payment options allow consumers to pay via credit cards, debit cards, PayPal, and many more.
Any Extra Ecommerce Web App Features
Chatbots and Voice Assistants based on artificial intelligence
Through offering 24 * 7 customer service and the luxury of using voice commands to scan everything on the app, the introduction of AI chatbots and voice assistants will carry the user experience to the next level. To build this feature, you can hire mobile app developers to give users a highly interactive guide when they are shopping for any product online.
The Emergence of Augmented Truth (AR)
The greatest worry of online shoppers is what exactly the product would look to you after purchasing. But you can digitally try items like jewelry, wallpapers, eyewear, makeup goods, and more with the introduction of AR technology. This technology creates 3D dimensional photographs to give you real-life shopping experience with the various items. If you find it difficult to understand, then it is best to leave the job to the app development agency.
24 Hour Return and Service policy
This is where you can win consumers' confidence by ensuring they get maximum money return if they haven't enjoyed the stuff. With the fast substitution of orders, quick payment, trouble-free returns of orders will give consumers the confidence of purchasing any product from your app fearlessly.
How much would it cost to build a Mobile Application in e-commerce by 2020?
Now the final point: how much does it cost to develop a smartphone app for eCommerce? I'm sure you're interested to know the cost of creating an app when you've calculated all the industry numbers, functionality, and advantages of having an eCommerce smartphone app.
Well, there's no clear answer to this issue, but on average, the starting price of creating a feature-rich mobile trading app will vary from $15,000 to $25,000, and it can go to any costly price depending on the app's production requirements, functionality, the sophistication of the product, choice of a mobile app development company, location and operating platform option.
Conclusion
If you're a merchant and still dealing in the traditional retail store, and you're dreaming about moving to a digital network, maybe a Mobile eCommerce app can be the best option to address business obstacles. Your presence on mobile applications will not only help you interact immediately with the customers but will also allow you to find potential market opportunities and further grow your company to the next level.
I've summarized everything in this blog that makes you understand why you need an eCommerce mobile app and what features it can make, and how much it costs you to create. Even, if you're in trouble, then a mobile app development company is worth recruiting to address your business needs in person.
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