An eCommerce platform is the backbone of the retail industry including B2B or B2C enterprises. It helps to streamline businesses in the way it interacts with the employees, clients, and customers. eCommerce platforms are the software applications that allows businesses to implement complex functions both in front-end and back-end. It includes various features such as inventory management, CRM, web-design, warehouse management, and many more.
Businesses had to build their platform in-house with the software development team. This was burdensome, time-consuming, and very costly work. To overcome this difficulty, eCommerce platform is developed and we have various eCommerce platforms available that include open-source, Cloud eCommerce, Build-your-own and free eCommerce platform, SaaS eCommerce platform.
Today, many businesses consult eCommerce Web Development firms to get best solutions for their business in various channels and could increase Return On Investment.
According to the Statista report, ecommerce industry's current worth is $2.3 trillion and it is predicted to set nearly double to $4.8 trillion by end of 2021.