Future of Best E-Commerce Platform in 2020

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Best E-Commerce Platforms in 2020

• E-commerce platforms help businesses in handling
  the online store processes, right from their
  inventory, to adding or eliminating products, to
  calculating taxes and fulfilling orders in the
  best possible way. The e-commerce platform market
  has an estimated value of around
• 5.6 billion U.S. dollars in 2020 and is estimated
  to grow to approximately 6.7 billion U.S.
  dollars by 2023. With the fast growth of
  e-commerce sales, international retail e-commerce
  sales are predicted to reach 6.6 trillion U.S.
  dollars by 2023.
• High spending capacity combined with an increase
  in spending on apparel is expected to upsurge
  the growth of the global eCommerce platform
  market over the next few years. Furthermore, the
  eCommerce industry has grown unusually well in
  the earlier years and is expected to witness
  exponential growth in the upcoming years.
• Read More - https//www.360quadrants.com/press-re
  lease/360quadrants-releases- quadrant-on-best-e-c
  ommerce-platforms
• Market Segmentation
• The market is categorized in five major regions
  that include North America, Asia Pacific,
  Europe, Middle East Africa and Latin America
  regions. Amongst these regions, Asia Pacific is
  likely to lead the overall ecommerce platform
  market over the next few years. Increasing
  number of business formations is providing the
  best opportunities for the e-commerce platform
  service providers.
• Based on type of platform, the market is
  classified into, commerce, order management,
  business intelligence, shipping and others,
  amongst which, commerce is accounted for the
  biggest market share in complete worldwide
  ecommerce platform market.
• Technology Overview
• best e-Commerce platforms also be termed as a
  shopping cart solution, shopping cart software,
  ecommerce website builder, online store builder
  or ecommerce platform and it caters a sole
  purpose that is to help businesses in selling
  their products online. Ecommerce platform
  comprises customizable site templates, a unified
  shopping cart, SEO, email marketing, inventory
  management and analytics.

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• e-Commerce Platform Drivers and Limitations
• The international e-Commerce platform market is
  driven by the software that is user- friendly
  and also inexpensive for small scale businesses.
  The price of adding an ecommerce constituent to
  present business and enter in a newer market
  falls anywhere between US 100 to US 150 per
  month and it allows expansion through online
  business.
• ommerce is quickly accounting for a larger
  quantity of the total retail sales in the U.S.
  According to the U.S. Department of Commerce,
  customers spent about US 194 billion online in
  2011. With this kind of consumption and trend, a
  growing number of small and mid-size companies
  are taking the online platform for all or some of
  its operations.
• However, higher prices of hybrid and cloud based
  software and low internet penetration rate in
  emergent countries are some of the important
  factors which are likely to restrict the growth
  of global ecommerce market in the near future.
• Top 10 e-Commerce Products in 2020
• eCommerce platforms help businesses in managing
  their core processes like the front-end vending
  of products and services, and the back-end
  operations of managing inventory and customer
  order history. 360Quadrants has analysed the
  e-Commerce market and has identified top 10
  products in the market based on various critical
  parameters. These top products have been
  highlighted below
• Shopify
• WooCommerce
• BigCommerce
• Miva
• 2Checkout
• nopCommerce
• Magento Commerce
• SuiteCommerce
• Ecwid

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• 3dcart
• Handshake
• Digital River
• Square E-commerce
• Storbie
• TrueCommerce
• Expedite Commerce
• E-Commerce Platform Challenges and Resolutions
• An Absence of Online Identity Verification
• Customer sign-ups with incorrect information or
  COD purchases with fake contact details may lead
  to huge revenue damages.
• Checking for any signs of suspicious activity and
  identifying fake phone numbers and email
  addresses
• Sending a verification link when a customer signs
  up
• With COD purchases, an automated call could even
  dial out to the customer, asking them to
  validate the delivery address.
• Delivering Omnichannel customer experience
• Customers today tend to use multiple channels to
  interact with brands. In this case, any business
  that isnt adopting an omnichannel retailing
  strategy will possible lag behind its online
  savvy competitors.
• Latest visual engagement tools allow businesses
  to help customers across all channels
• Recognizing key channels

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• Many online stores purchase products wholesale
  from producers or distributors, selling them
  with retail online. This is the straight forward
  business model for online stores. It happens
  often, that the product manufacturers and
  retailers start selling straight to consumers.
• Prioritise the manufacturers who are less likely
  to sell directly to customers
• Lower the price or offer additional benefits
• Set a contract that prohibits manufacturer to
  sell to the customers directly
• About 360Quadrants
• 360Quadrants is the largest marketplace looking
  to disrupt USD 3.7 trillion of technology spends
  and is the only rating platform for vendors in
  the technology space. The platform provides
  users access to unbiased information that helps
  them make qualified business decisions. The
  platform facilitates deeper insight using direct
  engagement with 650 industry experts and
  analysts and allows buyers to discuss their
  requirements with 7500 vendors. Companies get to
  win ideal new customers, customize their
  quadrants, decide key parameters, and position
  themselves strategically in a niche space, to be
  consumed by giants and startups alike. Experts
  get to grow their brand and increase their
  thought leadership. The platform targets the
  building of a social network that links industry
  experts with companies worldwide.
• Contact
• Mr. Agney Sugla
• agney_at_marketsandmarkets.com 630 Dundee Road,
  Suite 430
• Northbrook, IL 60062
• USA 1-888-600-6441