E-Commerce Market & Trends

E-Commerce Market & Trends

The pandemic, its consequences and the state of Indian e commerce industry has not been just any year. It has provided opportunities for some and put the rest through trying times. However, one segment which occurred as a clear strength of the lockdown period was e commerce.

Highlights of e commerce market in 2020:

E commerce market in last year reaches up to its peak. The lockdown came into existence in the last week of March. E commerce sites saw a dip of 2.40% in the orders placed, just in a week’s time. The highest dip in the entire year was seen in the month of April which was approximately 12% while highest spike is observed in July. It is to be noticed that after April there has been a constant rise in ecommerce market. Here is some data helpful you in observing raise of ecommerce market at a glance:

  • Increase in orders from April 2020 to September 2020-72%
  • Increase in refunds from January 2020 to August 2020-128.62%
  • Most preferred payment mode UPI – 48.02%
  • Least preferred payment mode wallets – 2.54%

Statistic says worldwide ecommerce sales will grow from 4.3 trillion in 2020 to 6.7 trillion by 2023. This remarkable growth in e commerce means competition resulting in the struggle of the e commerce companies to get customers to their business. Choosing the right marketing company can be the difference between success and failure.

About Techbuddies IT e commerce platform

Techbuddies IT platform is a comprehensive software allows companies managing all operations needed to online sales of products or services. Techbuddies it e commerce create a centralised, digital hub for product and customer data.it also allows e commerce businesses to manage product information, personalise store content and layout and process online transactions and payments. Techbuddies it software can be used by all employees of an online commerce company but also profitable for sales, product management and marketing.

Why to choose techbuddies it ecommerce software for your business.

Here are 10 top features of Techbuddies it ecommerce software to support your website, reduce operation costs, and grab the attention of target customers.

  • Integration with e commerce website.
  • Combining multiple channels.
  • Easy to use and secure shopping cart.
  • Efficient product management
  • Consolidated customer relations.
  • Sales order management system
  • Warehouse management system
  • Stock control system
  • Global system reporting.
  • Financial integration.

Some key techbuddies it highlights (everything you need)

  1. About 100 beautiful, professional, mobile ready themes to help your store look great.
  2. Over 1500 apps to add to your store and extend the functionality of your business.
  3. 24/7 anytime support.
  4. Qualified /reapproved experts to hire if you want to customise your design and functions.

Analytics available? Yes

Dashboard

Product reports

Export reports

Google analytics

Traffic/referral reports

Additional app integration customizers available.

Last but not least, Techbuddies IT is one of the best ecommerce platforms for enterprise companies, thanks to its ability to simplify complex technology while still allowing it to handle product line-ups of approx. 100 variants across multiple channels. In terms of usability, techbuddies compares well to its rivals as it has more features out of the box so the leaning curve is slightly higher.

Techbuddies IT powers over 500000 businesses and came top in our depth research leaving competitors behind. Techbuddies it is a one stop shop for ecommerce solutions. Its drag and drop functionality removes usual challenges of building an online store.

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