In the eCommerce market, some major updates have been witnessed in the last few years. And, it has taken the entire eCommerce market to a completely another level where online purchase or sale of the items is unstoppable.
There are multiple eCommerce website development platforms that are powering the eCommerce industry growth. Magento is one of them that is still comparatively running on the first position as an ideal eCommerce platform. Top brands such as Vizio, Nike, Fox, Ford, Coca Cola, Nestle Nespresso, and Olympus are relying upon it.
What is Magento?
Magento is an open-source platform that is broadly being used by the developers globally for creating a profoundly interactive and multi-functional eCommerce website. This platform is in trend since it was launched in 2008. And, the demand of this framework has increased the demand for Magento eCommerce development services across the startups and IT companies.
Moreover, the web framework also provides retailers with everything that necessitates running an online business efficiently & evenly as well as full control over the content, the appearance of the website, media, and functionality to their online store. It also provides compelling marketing, catalog-management, and search engine optimization tools to handle the website effectively.
If you’re planning to run an online store, you will surely compare at least 5 subsisting platforms. We accumulated 10 statistics that will let you know why this platform is the most reliable way to organize your business:
1. 2,50,000 enterprises use Magento
According to Magento officials, approx 2, 50,000 merchants use this platform to resolve their business hurdles. Hence, Magento is one of the market leaders across the eCommerce systems and holds the third position after Shopify and WooCommerce.
2. The number of sites are increasing at a faster pace
According to the survey by BuiltWith, since 2011, the number of sites developed on Magento is increasing tremendously. And the data is quite impressive and by 2020 it has reached to 1.5 billion, which is the major reason of great business solutions they provide.
3. It presents 5000 extensions
The platform gives an opportunity to customize your online store as per your needs. It has more than 5000 plugins and apps for their clients. More so, you can also opt for a Magento development company that can help you with proper customization. Many of the extensions are free of charge, but premium theme price ranges from around $50.
4. Magento dwells in 1.4% of CMS market share
Do you know more than half of the websites on the Internet use a CMS? It is essential for content marketing. Among all these websites, Magento in 2020 has a market share of 1.4% as per W3tech analysis.
5. 9.5% of all Magento websites are in the US
Magento is utilized all over the world. But the biggest part of users is in the United States – 9.5%. It is also very prevalent in Canada, India, Australia and West Europe (France, Germany, Italy, Sweden, etc).
6. 202 Magento users are in the Internet Retailer list of top 1000
More than 20% of the top 1000 e-retailers in Canada and the US utilize Magento, making it the most successful eCommerce CMS. Not only small & medium-sized businesses but even big enterprises prefer to use this platform because of the facility to be appropriate and scaled at any point.
7. Top companies of the world use Magento
It helps to build customized online-store with intricate business solutions. Such big brands as Ford, Christian Louboutin, Bulgari, Omega Watches, Liverpool FC, Land Rover, Pepe Jeans, and Harvey Nichols chose to use Magento for their sites operating across the world and having constant heavy traffic.
8. There are over 1,50,000 developers worldwide
If you want to hire Magento developer, no need to worry, it has a vast community and many developers available in the market. Magento is layering all eCommerce ability to deliver a simple or complex store as per your needs. However, eCommerce development is not easy for non-developers, but 1, 50, 000 developers worldwide enjoy using Magento framework for their projects.
9. By 2020, the global online sales on Magento will reach $224 billion
Creative minds surveyed various companies and come up with statistics that the merchandise amplifications will exceed the $200 billion mark in 2020. Newer data shows Magento is very much on the way to attain these figures.
10. The 3rd world-popular eCommerce platform
As per the research by Cloud ways, Magento powers 12% of the eCommerce market that includes the open-source and enterprise versions. In the year 2018, Magento took the third position across the globe.
Conclusion
To conclude, every company faces its own challenges and needs its personal decision. You can study at other platforms, compare their benefits and choose the best one. But the statistics given above is the proof of Magento’s ability to resolve the problems of any business.