What E-Commerce Technology Will Look Like In 2022

The e-commerce market is still expanding quickly and shows no signs of slowing down. Over the following several years, it is anticipated that e-commerce sales would increase at an amazing rate. For instance, eMarketer projects that in 2022, retail e-commerce sales in the United States would top $1 trillion. The expansion continues after that. Using the same statistics, it is predicted that the market would reach $1.6 trillion in 2025, reflecting a CAGR of 18.4% from 2019 to 2025.

E-commerce has grown beyond comprehension; according to some projections, there will be 20 million merchants and $4.5 trillion in sales by 2021. This remarkable growth rate gives a chance for businesses and e-commerce entrepreneurs to produce products that meet consumer needs. We'll look at some of the newest e-commerce trends and technology in this article to help you stay on top of the game in 2022 and beyond.

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E-commerce development trends change fast

Although there are many timeless elements to e-commerce site design, technology trends move quickly. In 2022, the most advanced e-commerce technology from the 2010s is frequently no more than rudimentary. For instance, in 2022, outdated design decisions such as SSL everywhere, mobile-friendly web sites, and quick page loads will still be popular best practises. In a similar vein, microservices are replacing monolithic e-commerce sites as the preferred e-commerce website architecture, despite their continued popularity.

Microservices have long been the buzzword in enterprise software development, and for good reason: They're now being used by companies like Netflix and Facebook. With a huge number of independent components at the heart of their architecture, these companies are able to scale up quickly and easily by adding or removing services as needed, rather than upgrading entire systems that may have multiple dependencies.

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E-Commerce Trends for Developers in 2022

The e-commerce market is crowded, and there are some basics any modern e-commerce site needs to have in place to be competitive. Since these basics aren’t necessarily new, though, we’ll focus mostly on trends and technologies you can use to stand out from your competitors.

Augmented reality

A technology known as augmented reality (AR) combines the actual environment with digital content. Today, AR is at a turning point, and over the next three years, it is projected to grow quickly due to growing awareness of AR as new AR devices and software are released, new uses for AR are exposed, and significant use cases are found.

If you ask me, the future is here. According to Deloitte Digital and Snapchat, “fun” is the primary reason consumers use AR. However, they also expect it to become much more practical in daily life. When we launched our first product years ago, we thought we would fulfil these desires by turning images into a fun little game where users could build their own scene in augmented reality and take silly selfies with their avatar. The idea was originally conceived out of need - to create a product that was fun for users but also useful for brands and media companies to share branded content with an audience in a more engaging way.

The e-commerce industry has some of the most exciting AR use cases. One of the biggest issues for online retailers, for instance, is when buyers return a product because it blatantly falls short of their expectations. Users can view 3D models of products using augmented reality before making a purchase. With augmented reality, consumers can virtually "test before you buy" to decrease these returns and boost pre-purchase confidence. The Kohl's Virtual Closet and Sephora's Virtual Artist, which allow customers to digitally try on apparel and cosmetic products, respectively, are some of the best early examples of virtual "try before you buy."

Low code

Low Code (also known as Citizen Development) supports your development teams and gives you the tools to build, deploy and manage apps. It’s a free and open source, cloud-ready platform for developing custom business logic. It helps with the rapid delivery of rich digital experiences using low-code natural user interface technology.

Headless commerce platforms, like Shopify Plus, reduce the amount of time it takes to build an app and increase developer productivity. Enterprises are able to get apps to market quicker and focus more on business objectives with headless commerce platforms that streamline internal processes.

Non-traditional payment options

E-commerce is expanding and increasing in popularity, and payment options are growing accordingly. Consumers are demanding alternate methods of payment that are more convenient, secure, and innovative. For example, card payments, PayPal, loyalty programs, payment gateways, and merchant accounts have long been staples of e-commerce. New payment options are some of the most popular e-commerce technologies and trends in 2022:

Apple Pay, Google Pay, and Amazon Pay

With the growth of contactless payments in brick-and-mortar retail, these payment methods are becoming commonplace in e-commerce as well. By using an API like Apple Pay JS API or a 3rd party payment gateway to integrate these payment methods to their online stores, merchants can provide users with a low-friction, secure, and reliable checkout process.

“Buy now, pay later” (BNPL) payment platforms

BNPL platforms such as Affirm, PayPal Pay Later, and Klarna offer e-commerce customers flexible payment options for high-ticket items. Instead of paying all at once, they’re able to make more affordable payments over time. From the merchant perspective, these BNPL platforms can be a conversion tool that helps reduce abandoned carts. Additionally, they can de-risk payment plans for merchants because with most BNPL platforms the merchant receives their payment upfront.

Cryptocurrency

Blockchain and cryptocurrency are popular buzzwords across the tech space, and ecommerce is no different. We’re seeing a growing number of ecommerce stores accepting popular cryptocurrencies like Bitcoin (BTC), Etherum (ETH), and Ripple (XRP) as payment. And there’s plenty of potential upside to accepting crypto including reduced fees, less risk for chargebacks, faster settlements, and exposure to more markets. Platforms like Zabo and CoinGate provide APIs that make it easier for developers to integrate crypto payments into an ecommerce site.

The adoption of these new payment methods comes with a variety of challenges for e-commerce developers, and it’s important to understand the differences in order to find the best solution for your business. While varying greatly based on your existing e-commerce platform and any compliance requirements you must meet, easy integration is a benefit of accepting new payment options.

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