Top 10 E-Commerce Marketplace Development Trends 2019–2020
Online marketplaces emerge every day and gain more popularity. According to Statista research, retail business transactions are expected to reach a volume of $6.54 trillion in 2023, which is almost twice as much as in 2019.
This means that marketplace owners should become more competitive and achievement-oriented day by day. This will give entrepreneurs an opportunity to beat off competition in the e-commerce market and steam the scene of the target audience. For this reason, online websites need to continually follow new standards and online marketplace trends.
In this post, we will discuss the top 10 eCommerce marketplace development trends 2019–2020 that will become game-changing for the whole industry.
1. Transactional socials
One of the most trending innovations in 2019 is shoppable social networks. It means that e-commerce websites can trade items right in the application. This approach became popular because the redirecting process from socials to online marketplaces was absolutely slow and annoying. It stimulated many users to close the window and break the checkout procedure.
