New trends in E-commerce 2024

[Lucas Herz]

The future development of e-Commerce will be determined by the technologies already implemented in the industry, which will only gain momentum in the coming years. Filio Force company lists the main trends of digitalization and optimization in e-commerce.

AN ELECTRONIC WALLET WILL BECOME A NECESSITY FOR EVERYONE

The ability to use a “mobile wallet” to pay for purchases has already become mandatory and is not up for discussion. In favor of this service speaks the language of numbers: over the past 4 years, the total amount of digital payments has more than doubled, from 3 trillion to 6.6 trillion dollars.

SUBSCRIPTION TO ECOMMERCE SERVICES WILL BECOME POPULAR

Subscriptions are becoming an increasingly common way to buy goods and services online. The subscription-based eCommerce market is projected to grow nearly 70% by 2025 and reach $478 billion in revenue

THERE ARE A TOTAL OF 3 TYPES OF ECOMMERCE SUBSCRIPTION SERVICES

Single Access – subscriptions are required for services or products that simply can’t be obtained without a subscription.

Optional extras – In free membership models, subscriptions give customers access to additional features not available to regular platform users.

Discounted shipping – a subscription entitles you to free shipping. The term of the grace period varies and depends on the size of the subscription fee.

Selecting and using one of these subscription models will accelerate business development.