Indian ecommerce businesses can achieve their goals and expand into newer markets by investing in digital technologies. We’ll discuss the best ecommerce development companies in India and their role in assisting merchants and retailers in adopting the digital-first approach.
Ecommerce is a flourishing business industry in today’s world. With the right kind of ecommerce analytics services, you can take your business to new heights by making proactive data-driven decisions.
As per Forbes, the Indian ecommerce market is expected to be INR 4,416.68 billion in 2024 and is estimated to touch INR 7,591.94 by 2029 with an annual growth rate of 11.45%. Moreover, Boomers and Millennials, Gen Z, and Gen X are active on the internet, doing their bit to drive the global online shopping rate. While the Millennials are likely to contribute around one-third of the total global social media shopping expenditure by 2025, Gen Z will contribute 29% and Gen Z 28%. The mobile ecommerce rate has also gone up to constitute 60% of the total ecommerce transactions.
Partnering with the best ecommerce development company in India can give the much-needed competitive edge and boost sales for your ecommerce business. Let’s find out more about the leading ecommerce development companies in the country.
An ecommerce development company is much more than a website builder. The company offers a diverse range of services, like strategy formation, technology adoption, third-party application development, customization, tracking ecommerce analytics trends, and long-term managed analytics solutions.
So, what is an ecommerce developer? In short, it is an end-to-end ecommerce analytics company that provides your business with the necessary support to effectively navigate the ever-changing digital markets within the country and around the globe. Indian ecommerce sites can streamline their products and services, improve operational efficiency, and amplify revenue(MRR) by hiring an ecommerce development company.
DataToBiz is one of the top ecommerce development companies in India offering tailor-made and end-to-end managed analytics solutions in the industry. From strategizing to implementation and maintenance, the company provides an array of services based on your business requirements. Data warehousing for ecommerce data integration and management, business intelligence tools and dashboard implementation, real-time report sharing, etc., are some services offered by the company. DataToBiz is a certified partner of Microsoft, AWS, and Google Cloud. It has worked with many businesses in the digital commerce industry and has the expertise to develop data-driven decision-making models for varying specifications. The company specializes in working with diverse technologies to build a powerful and reliable analytics engine for establishments from various industries and sectors.
Mu Sigma is a data science and analytics solution provider that offers various business intelligence services. The company provides in-depth commerce sales analytics and builds intelligent customer experiences for retail and online sellers. It helps you with tailored solutions for effectively managing pricing, operations, promotions, order fulfillment, etc. The company’s AI-driven support enables ecommerce businesses to combine technology and traditional knowledge to become successful.
Fractal Analytics is an AI analytical company with a presence in many industries. It is also one of the ecommerce development companies India with adaptive and scalable solutions like customer analytics, merchandise analytics, store operations analytics, supply chain analytics, and many more. The company combines data platforms, data governance, and business intelligence to promote better decision-making based on actionable insights. It has partnered with fifteen leading tech providers, like Microsoft, AWS, SAP, Oracle, etc., to provide comprehensive services to various clients.
Quantiphi is an award-winning AI analytics and digital engineering company that specializes in solving complex business problems through cloud and data engineering services. The company offers e-commerce analytics to help revolutionize the retail experience for businesses and customers. It helps completely re-design and transform the ecommerce business to unlock the power of data and analytics in growing your business. Customer behavior, omnichannel marketing, operational insights, churn prediction, etc., are some solutions provided by the company. It also emphasizes modernizing security and surveillance by building reliable AI and ML models for data engineering and governance.
Genpact is an ecommerce development company in India that offers innovative solutions for businesses to achieve their goals by adopting advanced technologies. The company uses generative AI and analytics to help retailers and online stores enhance customer experience, increase sales, and streamline the supply chain. It helps ecommerce businesses provide personalized experiences to the customers at every touchpoint and use data to understand their behavior, preferences, etc. The company works with small and medium ecommerce establishments and provides services for financial crime risk management, automation, etc.
Happiest Minds Technologies is an IT company offering digital transformation services to clients from several industries. It helps retailers implement e-commerce category analytics, sales analytics, etc., to reduce operational costs, increase the conversion rate, and reduce cart abandonment to boost sales. From setting dynamic pricing to gain a competitive edge to personalizing user experience for customers, the company offers customized services to all businesses from the ecommerce industry. It also provides services like big data analytics, DevOps, omnichannel transformation, etc.
LatentView is a digital analytics and AI company offering end-to-end analytical services to help businesses gather meaningful insights from data and make more effective decisions in real time. It is an ecommerce development company India focusing on faster innovation, improving operations, and increasing business revenue. From forecasting sales demand to predicting customer needs, optimizing prices, and identifying seasonal trends for promotions, the company offers assistance to ecommerce businesses in many ways. It has developed a solution, AccuPromo to optimize retail promotions, inventory, and demand at any time.
Course5 is a transformative intelligence company offering pure-play data analytics to help businesses with digital transformation and AI adoption. The company’s services are designed to solve complex business problems by leveraging the latest technologies available in the market. It helps many ecommerce sites India to implement cloud, data engineering, and business intelligence technologies to overcome various challenges. The company builds reusable frameworks to provide long-term value to ecommerce and other businesses. Course5 Discovery is an augmented AI solution for ecommerce businesses to derive actionable insights about products, customers, market trends, etc.
Nihilent is a global data analytics consulting company with a presence in industries, such as retail, manufacturing, banking, etc. It is one of the ecommerce development companies helping traditional businesses transform their processes and take advantage of digital commerce to boost their revenue. The company uses artificial intelligence, cognitive intelligence, and other cutting-edge technologies to deliver rich insights for ecommerce businesses to understand customer behavior and optimize operations to achieve their goals. It follows a holistic approach to web development, advanced analytics, and data-driven solutions.
Crayon Data is a global service provider known for leveraging big data and AI to help businesses provide personalized experiences to their end-users. The company has clients from many industries and is one of the well-known ecommerce development companies. It has developed maya.ai, a marketplace ecosystem for retail and online merchants to connect on the international level. The platform helps ecommerce businesses drive qualified traffic to their websites, reducing operational costs, and gathering useful customer insights. It is also effective in creating hyper-personalized marketing strategies to attract customers from different categories and streamline decision-making.
Algonomy is an ecommerce development company in India promoting rapid evolution in the retail industry. It helps businesses adopt the digital-first approach to overcome the challenges ecommerce establishments face in the global markets. The company provides analytical services to streamline omnichannel marketing, personalization of ads, products, customer journeys, and much more. It works with clients to increase conversions and boost sales. The company works with B2B and B2C businesses in the industry and helps with automation, data-driven insights, and technological adoption.
Ecommerce development companies generally categorize the process into three distinct stages, such as the following:
This stage deals with establishing the presence of your ecommerce business on various channels. Launching the products, attracting customers with offers, logistics management, price optimization, etc., are a part of this stage. Artificial intelligence and online retail BI solutions are used to understand customer behavior and market trends to personalize the strategies.
In this stage, you focus on using the business data to gain in-depth ecommerce data insights about areas for improvement, re-evaluating the business processes, adapting to the local market conditions, and so on. ecommerce performance analytics provides the necessary information to keep the business active during the stagnant growth stage.
The focus of this stage is expansion and entering new markets. It involves the adoption of new technologies, signing B2B partnerships, improving operational efficiency, and increasing customer satisfaction. Hiring a reliable long-term partner for managed analytics for ecommerce will help overcome the challenges faced during business expansion.
The ecommerce industry has various tools and platforms to develop online stores, run analytics, create personalized dashboards, and make data-driven decisions using real-time reports. The best among the ecommerce analytics tools is subjective and depends on your business requirements.
For example, some businesses use Google Analytics, while some rely on paid solutions like Kissmetrics, Hotjar, Optimizely, Glew.io, or Power BI for ecommerce analytics and development. Your service provider will help in choosing, customizing, implementing, and maintaining the right platform to help you achieve your goals and objectives.
Ecommerce development is no longer limited to website or mobile app development. It is a comprehensive collection of end-to-end services, including data engineering, data analytics, business intelligence, and long-term support.
Partner with reliable and reputed ecommerce development companies in India to revamp your retail and digital commerce business. Boost your sales and revenue by leveraging the power of advanced technologies.
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