8 Benefits of Magento Website Development Services

Business owners, nowadays, have started focusing on establishing the online presence of their business. If you’re an entrepreneur, you must have thought of it too. Now, having an e-commerce website is particularly important in this highly competitive digital world.

One of the most renowned open-source e-commerce platforms helping businesses establish a web presence is Magento. It lets businesses create a highly efficient and customizable online store tailored to their specific needs. Currently, there are approximately 153,889 live stores operating on the Magento platform, according to the latest statistics.

While Magento offers a wide range of features and functionalities, building and maintaining a Magento-powered website can be challenging and time-consuming. Therefore, to effortlessly set up an online store, business owners should consider outsourcing Magento’s e-commerce development solution from reputable development companies. Nowadays, more e-commerce stores are turning to Magento for an enhanced online shopping experience.

Through this blog, we’ll take a look into the key benefits that businesses can enjoy by investing in Magento website development services.

Interesting Magento Statistics & Facts 2023

1. Magento ranks among the top 10 e-commerce platforms, known for its robust features.
2. Businesses leveraging Magento tend to experience three times faster growth on average.
3. Remarkably, the Magento platform is downloaded over 5,000 times daily, marking a 300% increase since 2018.
4. In 2018, Adobe acquired Magento for a significant $1.68 billion, solidifying its prominence.
5. Magento handles transactions worth a staggering $155 billion annually.
6. Surprisingly, more than 80% of Magento 2’s core code is written in PHP.
7. Currently, over 239,000 live websites utilize the Magento (Adobe Commerce) platform.
8. Around 38% opt for Magento 2, while the remaining 62% favour Magento.
9. In 2021, Magento’s gross merchandise value (GMV) was estimated to reach an impressive $225 billion.

The Global Magento Ecosystem

Magento, now known as Adobe Commerce in 2023, has certainly come a long way. Its journey has been enriched by a vibrant community of developers and dedicated Magento enthusiasts, all contributing to the growth of this open-source platform.

• The official Adobe Magento forum has more than 470,000 members.
• The Magento 2 GitHub repository has around 1,533 active contributors working to improve the platform.
• There are 157,000+ LinkedIn professionals who use Magento or show interest in it.
• Over 13,000 companies/agencies across the world provide website development services related to the Magento/Adobe e-commerce system.

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Why should you invest in Magento Website Development services?

1. Specialized Expertise

When you hire a web development company, you’re tapping into a pool of seasoned experts well-versed in crafting and enhancing Magento websites. Their extensive knowledge and experience with the platform’s architecture, coding standards, and best practices ensure they can build a website tailored precisely to your needs. It’s like having a skilled team of architects and builders to construct your digital storefront, ensuring it meets your unique requirements.

2. Customization and Flexibility

Magento brings the convenience of easy customization and flexibility to your e-commerce website. Magento developers leverage this flexibility to enhance your website’s functionality through various extensions and plugins. Their expertise allows them to seamlessly customize and integrate these extensions, whether it’s streamlining payment gateways, implementing advanced product search tools, or creating interactive customer review systems.

3. Robust SEO Support

Magento is like your SEO partner in the e-commerce world. It’s built with SEO practices in mind, giving your products a better chance to shine on search engines like Google and Bing. Magento offers a toolbox of SEO optimization features, which is incredibly valuable in the ever-changing world of SEO. Without these tools, you’d have to constantly start from scratch to keep up with the latest SEO standards. Thankfully, Magento is here to make your life easier, ensuring you’re always on top of your SEO game without the hassle.

4. Enhanced Community Support

The Magento community is your reliable partner in any web app development project. Here’s how they help:

• Access Essential Tools: They provide you with easy access to essential tools for understanding, troubleshooting, and maintaining your eCommerce site.
• Collaborate and Innovate: You can join forces with creative minds to brainstorm fresh ideas and get valuable support from seasoned experts.
• Expert Guidance: Leverage the knowledge of both business and technical experts within the Magento community to set up top-notch eCommerce services.

5. Multiple Payment Options

Magento simplifies payment collection on your online store, ensuring a seamless experience for your customers. Here’s how:

In-House Payments: Customers can make payments directly on your website, enhancing their shopping experience. No need to redirect them elsewhere.

Global Reach: Magento breaks down global barriers by supporting secure payment systems with worldwide coverage, making it easy for you to cater to a broader audience.

Versatile Payment Methods: You can effortlessly configure and customize various payment methods through Magento’s admin panel. This flexibility allows customers to choose from a range of options, such as WorldPay, PayPal, Authorize.net, Braintree, CyberSource, and First Data.

6. Value for Investment

Manufacturers and sellers are increasingly moving their businesses online because of the many benefits it offers. Magento website development services help establish a strong online presence, reach more customers, break down geographical barriers, and provide a quick return on investment. These services also enhance customer experiences, are highly customizable, SEO-friendly, and offer great value for money. Plus, they work smoothly on all devices.

For startups and small businesses, opting for eCommerce Magento development is a smart move, especially the community version, which is cost-effective and user-friendly. However, the total cost can vary depending on factors like the features you need, your location, and the Magento version you choose for your online store.

7. Multilingual and Multicurrency Support

Multilingual and multicurrency features offer similar economic benefits. They allow you to cater to customers from different countries by using their preferred language and currency. This leads to higher sales conversions and builds trust among consumers. Magento themes support multilingual integration, making it easy for users to switch languages. Multi-currency flexibility reduces issues like cart abandonment and refunds. By enabling both features on your eCommerce store with Magento extensions, you make online shopping convenient for your customers worldwide.

8. Extensive Extension Library

The Magento marketplace is like a global online store for getting new features and tools for your Magento website. It’s an official place where you can find all sorts of helpful additions to your site. These extensions are made by different companies and can do all kinds of things to make your online business better. Whether you need something for marketing, customer service, or anything else, you can find it here. It’s a great resource to help your business grow and improve with the latest features. You can take advantage of all these with Magento web development services.

9. Strong Security Measures

Magento provides robust security features for your e-commerce site. It includes a secondary password prompt to thwart any potential security breaches. Since e-commerce sites handle transactions and sensitive data, ensuring their protection is crucial for both the business and customers. If the store goes down even for a little while, it can result in significant financial losses and harm customer trust. That’s why Magento offers top-notch security features to safeguard your e-commerce site and keep it running smoothly.

10. Achieves Cross-Selling Objectives

When you use the Magento platform for website development of your online store, you can make it easier for your visitors to find what they want and complete their purchases. You can add prompts and suggestions that improve their experience and ultimately lead to more sales. For example, you can show them similar products, related accessories, and other items they might be interested in while they’re checking out. This helps them discover more options and can increase your sales. It’s a smart way to make your online store more user-friendly and profitable.

Conclusion

As a final note, companies looking to establish a robust online presence can benefit greatly from Magento development services. These services ensure the success of your e-commerce software development project, offering professional expertise, customized designs, enhanced functionality, and ongoing maintenance. By hiring your web app development task to the best website development company, you can save time, reduce costs, and provide your customers with an exceptional online shopping experience. So, don’t think too much – choose Magento website development and take your online business to the next level.