Technology is moving forward as fast as the speed of light, and it has influenced almost everything from communication to business. One glaring example is e-commerce which is growing innovatively.
According to the latest statistics, the sales in retail e-commerce have reached up to $2.290 trillion globally in the year 2017. It is expected to hit a rough estimation of $5.4 trillion by the year 2022.
Nevertheless, e-commerce is based on the idea of executing business in the virtual world. Showcasing products and online transaction methods have paved the way for online shopping beyond imagination.
While a major chunk of the market has already been developed, there is still a huge growth potential owes to untapped resources.
Many developed countries such as the USA, UK, Canada, and Middle Eastern states, especially the UAE, have already transformed businesses. It is the reason that business organizations are seeking opportunities to establish their eCommerce website.
Predicting the future of Ecommerce
It goes without doubt that rapid inventions and technological breakthroughs made eCommerce’s prospects highly unpredictable and uncertain. However, a few factors are constant, and the passage of time will enable the eCommerce business to boost to the next level of progress.
Therefore, the future of e-commerce is assessed in this article from the perspective of customers’ shopping experience. The implementation of modern technology has a considerable impact on online business setups.
Lets’ have a detailed overview of the things expected to be changed in the near future:
Personalization of Ecommerce to enable Augmented Experience
A global overview of the retail industry shows almost all retail industry sectors have become e-commerce driven. It is owing to the reason that nearly 3.2 billion people are using the internet presently. In this way, online shopping is considered an easy way of getting the required products and services delivered directly at home.
Further, personalization in the eCommerce industry has enabled the customers to experience better facilities for purchasing products from the internet. However, it has created strong competition among business organizations as people usually flock to online offerings instead of going to stores physically.
The need has compelled well-reputed brands to show their active presence in the virtual world to grasp more people. It is ultimately benefiting the customers. This trend is expected to pace up in the coming years.
Pop up Stores and web-shops
People always look for new and innovative things in life. It helps them to keep their lives full of fun and excitement. The same is true about purchasing products and services. You may also have observed that shopping is changed from showrooms to web rooms. The products are showcased on the official websites of the company first before the event comes to the stores.
Therefore, shopping may start when you see a sudden pop-up of your favorite jacket in the sidebar of a website or some advertisement display on Facebook. Not only this, business products can target their potential consumers through Pinterest or Instagram.
This is a trend presently observed in eCommerce solutions in Dubai by the people who are expected to go to the next level of the eCommerce business in the coming days. The amazing thing to note is that around 86% of the total customers used to buy products via social media or corporate websites.
Automated Shipping through Drones and other Vehicles
You have undoubtedly heard about Amazon presently using the drone for product shipping. This is not going to stop here because various other famous brands are following in the footsteps of Amazon. So, get ready to receive your favorite pizza via drone any time in the near future.
Not only this, there are potential chances for self-driving vehicles to be integrated into the delivery systems of business companies. However, these kinds of product delivery cars are still in the manufacturing process but are soon to come into practice.
Perhaps, it is why the market share of eCommerce increased to 11.9% in 2018 compared to the previous decade, which was around 3.5%.
Final Thoughts
To sum up, the eCommerce industry is under construction process presently. It is owing to the reason that augmented reality, mobile apps, and crypto-currency systems are developing. It is expected to see an innovative shift in the shopping sector once all these technologies come into practice.
However, if you are looking for long-term stability in the UAE market, you must think of integrating eCommerce solutions in Dubai into your business.
