E-commerce Technology Trends to Boost Sales — Live Stream Shopping
As the internet has propelled numerous online activities to unprecedented heights, Ecommerce Technology Trends will reign supreme in this cutthroat competitive world. As a result, a growing number of consumers are buying more online rather than in brick-and-mortar stores.
Indeed, Statista forecasted that retail e-commerce sales will increase from 4.28 trillion US dollars to 5.4 trillion US dollars between 2020 and 2024. Due to such expectations, many sellers have opened online stores to avoid swinging around the world only to sell what their customers really want.
The following key e-commerce technology trends will shape the future of the industry, regardless of how long you have been in the business or whether you are just starting an online retail business for the first time now:
- Livestream Shopping dominates online sales
- Augmented and virtual reality are making online shopping interactive
- eWallet technology is essential
- Subscription services are gaining traction in eCommerce
- Upselling and cross-selling fueled by personalized product recommendations
- Voice search technology is gaining popularity
Technology has enabled many successful ecommerce businesses to reach their current status. Take the opportunity to understand new technologies to deliver improved service to your customers and your company’s bottom line will reap the benefits, too.
Live stream shopping is by no means a new trend and Brands across Industries have been turning to live stream shopping and witnessing a boost in sales, customer engagement and retention. And Channelize.io is continuously working to make Livestream Shopping Platform better and help our Client Brands across the globe reach new heights.
Check our more product update blogs and if you’re interested in a free demo of our Live Shopping Platform, click here.