MAGENTO

Magento Trends 2019

By the end of 2018, Magento launched the newest 2.3 version, that includes never-before-seen features that will define the Magento experience for the developers, vendors, and their customers for 2019.

Based on what Magento already has the out-of-box solutions, we will suggest what trends will shape the way online shopping in Magento-based stores works from the inside and outside in the nearest future.

The First Trend is No New Trends in eCommerce

Since 2018, the way of conveying online sales, conversion tactics, and the ways of serving customers remained and will remain pretty much the same. Customers love to shop fast and make a purchase decision quickly based on precise recommendations. The seamlessness of the experience the merchants give to their customers prevents them from having the anxiety after shifting from one step of order placement to another.  

As for the store administrators and developers, the primary focus for them is:

AI means personalized experience and the availability of the chatbots, leaving fewer chances for potential customers to give up in their search for an ideal product. Multichannel sales means giving your customers the freedom to make a purchase decision anywhere besides the online store. Multichannel inventory allows to pick up their order where it is convenient for them.

Mobile-Friendly & Not Just Mobile Optimized

To be shoppable, an online store should not simply fit the smallest screen, it should operate there faster than it does on PC. The word ‘Faster’ here doesn’t necessarily mean the loading speed, but rather how convenient and intuitive it is for the customers to push the buttons, fill in forms and make payments.

Mobile web experience finds little to no customer interest with the lowest possible 2.3% of conversion rates, while mobile apps stand at the winning 6%. But can a small business afford an app? Will their occasional customers download and install it for the sake of a single purchase?

Right before 2019, Magento made a strategic move by enabling Progressive Web Apps in the Magento 2.3 core. Basically, PWA can optimize online stores to look and work like apps on mobile, but based on web technologies. With PWA, Magento is aimed to solve a few constant struggles that stop merchants from providing an excellent mobile experience.

These issues are:

Advantages of PWA That Help to Win Customers

One way or another, next year a mobile version remains a must to gain a few more finished conversions.

Checkoutlessness: Letting Customers Pay Before Checkout

All efforts in improving the customer experience online are put not to add more features, but rather to replace the ones that cause inconvenience. And you may be surprised at how stressful a checkout is, in spite of being an inevitable step.

Every time at checkout, customers are forced to stop to find their credit card and spend some time filling in the forms. And this is not the worst. When they got a single digit wrong, and they have to redo it. The worse is only when the page suddenly reuploads.

No wonder customers have enough time at the checkout to change their mind about the item they are trying to pay for. But does the checkout have to be obligatory?

Placing an Order Without Checkout Details

Customers struggle with the traditional process of checkout because it is too much work. The solution to this exists for a long time: accepting digital wallets.

At the moment, there are four of them accepted worldwide:

There are also regional versions of digital wallets. These wallets already contain payment details, which allows people to make a purchase with two clicks or touches instead of almost a hundred to enter details and proceed.

Magento already works perfectly well with PayPal already integrated, and grants access to other wallets like Google and Apple Pay via the official extension.

As a merchant in 2019, you have a very limited time to keep the customer focused. To succeed in online eCommerce, the customer lifecycle has to be as tightly planned as possible.

Personalization Through Artificial Intelligence

This is yet another trend that remains powerful both in Magento and eCommerce as a whole. AI closes the gap between the individual and the shopping experience of the user.

For a few years already Magento is implementing technical possibilities to tailor the online store behavior to the specific customer that is using it. There are more and more extensions at the Magento marketplace that, combined with native Magento features, can create unique offer scenarios.

When the competition is so high, as a merchant you don’t only need the customers that are yours. You also need hesitant customers and clueless customers to get closer to purchasing. AI persuades the first ones and educates the second ones. How?

AI calculates what this individual may like based on their previous purchases or behavior in the store and suggests products or actions.

AI-chatbots can handle any purpose like customer support or shopping assistant and give the customer the feeling that they won’t be lost or abandoned.

Magento supports Elasticsearch, which enables site search with filtering, and with AI site search not only uses product attributes as a factor but also the relevance. This way customers have more chances to see the products they might enjoy.

AI has the capability to manage more data than any human ever and to remember where everything is and how it works. AI interfaces can be used everywhere across online stores, social media, mobile apps, and even work as assistants in physical stores.

Because the intermediary that stands between a customer and a product is dismissed online, everything human-centric in 2019 will stand a chance in online business.

Enhanced Security With 2FA & CAPTCHA

Security is both a trend and a necessity for a complex CMS platform since 62% of all Magento stores have a vulnerability. Existing in a form of extensions only, extended security finally appeared in Magento 2 as a native feature. The users finally gained the lacking opportunity to protect the admin panel with the most effective security tool, two-factor authentication.

Here is what you get with out-of-box Magento 2:

Approaching Security as a Complex

This year, Magento team will for sure continue working on neverending security improvements. What is clear, you can’t set back with only one security feature enabled, hoping it will protect the store from all malicious things that are out there. Every security measure can be outsmarted, but what if there are ten of them at the same time?

The more obstacles you set for the intruders, the fewer chances they have to even try hacking you. Magento is extremely flexible, so by coding, you can fit as many features as you can imagine.

However, the demand for security solutions in the Magento community led to the development of all-in-one extensions like:

Blurring the Line Between Online & Offline Retail

For those who are on the other side of the screen, fulfilling the orders placed online, there is another feature that engineers considered worth implementing in Magento 2.3. Multi-source Inventory is an omnichannel inventory management tool designed to reduce the costs and improve the operational efficiency of order processing.

On Magento 2.3, the merchants will be managing items from more locations, without extensions and complex configuration. Besides multiple manageable stock sources, the system got an updated reservation mechanism. Reservations and stock inventory are now separated, eliminating the possibility of a stock error or ‘overbooking’.

Working Towards ‘I-Want-It-Now’ Order

With this update, Magento targets:

Omnichannel retail is a possibility for shop owners to convey their customers from one sales channel to another if such a necessity arises. For example, a customer can order online and pick up their order themselves at the store.

Or, if the product is sold out online, with the new enhanced inventory the seller can direct the customer to the physical store or another location. This way, customers are not lost, which is vital in the competition retailers have today.

To Be Continued

As a platform, Magento continues evolving towards personalizing the experience. The trends above show will customers will still fall for personalized experiences, mobile-optimized stores, and convenient checkouts, and the merchants will redistribute their resources for customer retention, rather than for fast revenue growth.

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