The eCommerce industry has been growing at a meteoric pace since the 2000s, with no indication of a downfall ever being witnessed.
The growth within the eCommerce industry can also be understood vividly by looking at its market size, which is expected to reach $16215.6 billion by 2027 There is also a recent survey which has shown that the ecommerce app development company will have around 230 million users in the near future.
It means any person having an eCommerce business should invest in creating a powerful app that can be scaled-up. So, why? Because an eCommerce app will let you reach a wider audience and improve your customer retention rate, which will eventually grow your business.
Hire award-winning app development companies like Kryoverse Innovations that will transform your million-dollar ideas into reality for the working of an app. Our eCommerce app developers shall use the most advanced technology to meet the promises of clients and exceed their expectations at times.
Before hiring our services of the app development team, do read this blog and have complete knowledge about eCommerce app development cost, features, and much more.
E-commerce App Features Your Business Needs
With the constant popularity of eCommerce, it has become one of the most massive markets in the digital world. It usually makes it difficult to develop a mobile application and restricts the eCommerce app from achieving its full potential.
Don’t worry because there is only one thing you can do to make sure that your mobile ecommerce app development has a better future ahead. That thing is adding important features to your eCommerce app development MVP.
Here’s a list of MVP-level features to successfully develop an eCommerce app:
1. Authorization
Add a silky smooth authorization feature in the ecommerce app development services so that users have to sign in easily through email address or phone number. Enable users to authorize through social media for easy sign-in hassle-free.
2. User Profile
By allowing users to create elaborate profiles, their personal information, such as name, email, delivery address, purchase histories, and orders, can be accessed at one stop. Adding icons, pictures, photos, and nicknames are also helpful.
3. Feed
Include a broad range of recommended features in your custom ecommerce app development based on the preference of your user. You can regularly update your application to make users interested. You can allow the users option to quickly narrow down their choices based on model, color, size, and other related factors. As voice search is also normal nowadays feature, you can also include this feature in your eCommerce application.
4. Online Support
It is likely that customers get confused while placing an order. So, it is always better to install a quick messaging and calling system in the eCommerce app. Similarly, inclusion of chatbots also helps not to burden customers.
5. Easy Payment Options
The next should-be MVP-level feature includes the payment method. You would require a stable, reliable team of back-end developers to integrate some of the most popular payment methods without a hitch while developing an eCommerce app.
6. Reviews
Feedback allows a customer to leave reviews for the product they’ve purchased by adding a feedback section. Other customers are likely to read the feedback before purchasing to make sure they get only the best product.
Similarly, as you are developing an ecommerce app development solutions, then add rating systems for the products so that businesses can enhance their credibility as well.
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Cost of Developing an E-commerce App
To get an eCommerce app started, you must know how much it will cost so you don’t spend more than you allocated. The difficulty with forecasting app development cost is that it’s hard and depends on many factors. However, the overall process might cost you about $10,000. But when taking into account services needed in developing your eCommerce app, the bill can be more.
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Factors Affecting the E-commerce App Development Cost
The following are common factors affecting the eCommerce app development costs:
1. eCommerce App Platform
Well, interestingly, the cost of an eCommerce app platform largely depends on the choice one makes of it. For instance, developing an app for iOS and for Android is different in terms of price. Additionally, if you want to develop an app that supports multiple devices, then again the price differs based upon the number and type of devices as well as the platforms you opt to use.
In the same way, the time required in development is also kept in mind while calculating the cost of app development. Native apps are expensive to develop compared to hybrid apps.
2. Application Functionality
Another factor that determines the cost of application development is the technical details or requirements of what kind your application requires.
Besides the basic requirements, if your e-commerce application requires additional features, the expenses will be higher. For instance, third-party integrations, social sharing, referral codes, wish lists, etc. are pretty costly.
Select an eCommerce application development company with whom you have trust. They’ll be able to provide you with the best features according to your business needs. In this way, you can figure out the right cost and prepare a budget accordingly.
3. App’s Design
No doubt you must have known that an interesting UI/UX design increases your conversion rate as high as 200%. Well, it is pretty simple to understand why – users just love to spend time on such a website that looks interesting and alluring. The more number of screens, the design elements, and complexity in the mobile app increase its cost of development.
4. Location of the E-commerce App Development Company
The eCommerce app development company you choose will directly influence the way your business will progress. Also, the location of the company will affect the price.
For instance, if the company is located in developed countries, such as the UK or the USA, it would be costlier. On the other hand, if the company is based in Dubai or locations similar to it, then the cost will be low.
5. Third-Party APIs and Payment Gateway Integration
Third-party APIs and payment gateways need to be integrated with any form of eCommerce app you want to develop.
It can bind several digital wallets and provide a seamless experience for your customers. However, this can increase the overall development cost. Lastly, integrating custom-built APIs with the app could turn out to be an expensive affair.
Types of E-commerce Apps
Carrying out quality research on the kind of eCommerce app that your target audience is likely to use the most undoubtedly reaps several benefits.
Here are three of the most widely used eCommerce apps you can consider using:
1. Native Apps
Native apps are suitable for business owners who want to make eCommerce apps for a particular operation system that is iOS or Android. This app allows you to get the benefits of a particular device to enhance the experience of the user. However, creating native apps for multiple systems is a time-consuming process.
2. Hybrid Apps
Although hybrid eCommerce applications have better cross-platform compatibility than native applications, lower development costs, and faster development time compared with native apps, still, these applications are not as effective as native applications.
While the hybrid eCommerce apps have superior cross-platform compatibility, lower development costs, as well as faster development time compared to native apps, but these apps do not work as amazingly as native apps.
3. Progressive Web Apps (PWAs)
PWA are web apps that give a feel of an app. Users can access PWA web browsers since these are platform-independent. Although, progressive web apps are fast responsive and even work offline, yet they don’t offer all the features.
Conclusion
The space remains profitable for investors and entrepreneurs, despite the meteoric rise of eCommerce. If you, too, own a business and wish to develop an app for the same, you must work with a reliable eCommerce app development agency, like kryoverse Innovation.
We work with a team of professionals who have deep knowledge about the eCommerce space. Our team utilizes the best tools and technologies that help in creating scalable and functional mobile applications.
No matter how simple or complex your eCommerce app development requirements are, our team can make them for you.
Reach out to us today to discuss your eCommerce app development project.
