6 eCommerce Trends That Will Impact Your Data Strategy in 2022

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6 eCommerce Trends That Will Impact Your Data Strategy in 2022

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It’s a great time to be an eCommerce business. In 2021, there were 900 million more digital buyers than there was the year before. By 2022, eCommerce is expected to account for $5.42 trillion in sales with volume continuing to grow by 15% through 2023. In fact, by 2040, 95% of all purchases are projected to be made online. – PowerPoint PPT presentation

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Title: 6 eCommerce Trends That Will Impact Your Data Strategy in 2022


1
6 eCommerce Trends That Will Impact Your Data
Strategy in 2022
Its a great time to be an eCommerce business. In
2021, there were 900 million more digital buyers
than there was the year before. By 2022,
eCommerce is expected to account for 5.42
trillion in sales with volume continuing to grow
by 15 through 2023. In fact, by 2040, 95 of all
purchases are projected to be made online.
Shoppers love eCommerce for its convenience,
personalization, purchase options, and customer
experiences. Online shopping has leveled the
business playing field and allowed even smaller
companies to compete confidently with larger
competitors. Of course, this doesn't mean that
eCommerce success is easy. To succeed, online
businesses must be aware of the trends that will
drive the channel in the coming years.
2
  • Zero-Party Data Will Drive Personalization in
    eCommerce
  • In April 2021, Apple allowed users to opt out of
    data tracking on its iOS 14.5 with a new App
    Tracking Transparency feature. Following this
    launch, Facebook lost access to lots of valuable
    user behavior data. Consequently, many eCommerce
    brands saw a massive decrease in the
    effectiveness, reach, and profitability of
    targeted Facebook ads.
  • In 2022, eCommerce brands that want to continue
    advertising on Facebook will adapt to these
    changes. They will collect "zero-party data,"
    i.e., data directly from customers, and then use
    it for personalized marketing and ad targeting.
  • To collect zero-party data, brands will
  • Run surveys
  • Entice customers with quizzes
  • Add conversational pop-ups in email and SMS
    marketing
  • Do more to attract new people to their website
  • Send product recommendations via email marketing
  • As more customers become more privacy-conscious,
    eCommerce firms that respect these developments
    will succeed.
  • Chatbots Will Make Online Shopping Easier
  • In the coming years, more brands will add
    chatbots to their shopping pages to communicate
    with shoppers via a live chat interface. Chatbots
    will also help businesses to reduce costs by
    over 8 billion per year by 2022.
  • Well-designed, well-trained, on-brand chatbots
    will converse with shoppers in a human-like
    manner to
  • Provide 24/7 instantaneous customer service
  • Lead shoppers to the right pages
  • Seamlessly guide customers during the shopping
    process

3
  • Self-learning chatbots and chatbots based upon
    Natural Language Processing (NLP) will play an
    increasingly important role in how customers
    communicate with eCommerce businesses and how
    these businesses ultimately retain their
    customers.
  • Chatbot technology will also empower top
    eCommerce companies in India to deliver
    personalized service and experiences, which 80
    of customers are already expecting. To enable
    this, eCommerce companies will need to have a
    strong product data strategy.
  • Voice Shopping Will Become More Prevalent
  • In 2023, voice eCommerce sales are expected to
    reach 19.4 billion, and 50 of searches will be
    voice-driven by 2022. That's why many eCommerce
    brands will offer voice-based shopping. Voice
    search and conversational shopping will enable
    customers to find what they need and complete
    their purchases with minimal hassle.
  • These features will enable eCommerce companies to
    help customers in real time by
  • Providing personalized recommendations
  • Supporting them throughout their buying journey
  • Delivering frictionless experiences every time
    they shop online
  • Chatbots and voice bots will enable eCommerce
    firms to provide omnichannel customer
    experiences, another trend that will continue in
    2022 and beyond.
  • Augmented Reality Will Attract Both New and
    Repeat Buyers
  • Augmented Reality (AR) is fast evolving into a
    competitive differentiator in eCommerce. With AR
    features like product builders, product
    visualizers, and 3D mapping, shoppers can use
    their smartphones or other digital devices to
    "see" a product in their own environment for a
    more immersive and engaging product experience.
    These experiences can create an emotional
    connection between a shopper and a product and
    ultimately help companies win sales

4
  • with new customers and then keep them coming back
    for that same rewarding shopping experience.
  • For instance, they can see what a piece of
    furniture will look like in their own living
    room. Or they can virtually "try on" new clothes
    or jewelry before making a purchase. These
    product merchandising methods will help eCommerce
    businesses attract and retain more customers and
    grow their sales and profits in 2022.
  • Mobile and Social Commerce Will Drive eCommerce
    Growth
  • In 2020, mobile commerce sales in the U.S. grew
    by 41.4. Between 2021 and 2025, annual sales
    are projected to double. As a result, many
    eCommerce brands are placing mobile commerce at
    the center of their strategies.
  • To build a stronger relationship with mobile
    shoppers, eCommerce brands will
  • Engage more with mobile-first platforms like
    social media
  • Leverage more influencer platforms
  • Build mobile customer experiences to increase
    engagement
  • Create mobile-optimized websites and eCommerce
    apps
  • Include features like push notifications, SMS
    marketing, and mobile-ready email content to
    guide shoppers throughout their buying journey
  • Offer GPS-enabled mobile shopping experiences to
    augment in-store experiences
  • Social Commerce will also be a big trend.
    Millions of shoppers already use social media to
    shop for new products, check reviews, and ask
    online communities for purchase suggestions. As
    a result, eCommerce brands will be actively
    selling through social media, which is why social
    commerce sales are expected to reach 79.6
    billion by 2025.
  • In addition to spending advertising dollars on
    social media branding campaigns, eCommerce
    brands will
  • Encourage and share user-generated content to
    engage followers and build customer communities
  • Partner with influencers to expand their reach to
    new customers

5
  • Use Livestream shopping to showcase new products
  • Leverage targeted advertising for sales events
    and to incent repeat purchases
  • Omnichannel Customer Experiences Will Become a
    Strategic Priority
  • Omnichannel customer experiences, a key priority
    for many businesses in 2022, will help eCommerce
    brands to deliver more personalized and
    coordinated shopping experiences for their
    customers. Focusing on omnichannel experiences
    should
  • Push marketers to create and deliver coordinated
    content across channels
  • Drive measurement of online and offline marketing
    and sales efforts across various devices and
    channels
  • Highlight the need to integrate data from across
    multiple channels to improve overall conversion
    rates and sales volume
  • Enable companies to provide personalized recommend
    ations and tailored customer service to improve
    both sales and customer loyalty
  • Conclusion
  • The world is now shopping online. In the coming
    years, customers will continue to demand
    seamless online shopping experiences, digital
    features, and personalized service. If you are
    an eCommerce company, there are some key trends
    that will shape the future of your business.
    Preparing your company to capitalize on those
    trends and customers' changing expectations will
    help your business succeed in the future.
  • EnFuse Solutions offers numerous eCommerce
    services to help clients achieve higher
    conversion rates by delivering engaging digital
    experiences and reducing friction in the online
    shopping and buying process. Contact Us to learn
    how we can help you succeed.
  • Read More 10 Best Practices for eCommerce
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