Posted By : Mohd Rahil, Posted Date : Mar 23, 2023
In the digital age, online shopping has transformed the way we purchase goods. This blog post delves into the remarkable growth of online shopping and its impact on the retail industry. We'll explore the evolution of online shopping applications, the role of technology, and the opportunities it offers businesses and startups.
The reason for Shopping application Development constant growth is our ever-growing technology. With the rise of smartphone users, our online shopping platforms are growing too.
Technology plays a pivotal role in this evolution. As the number of smartphone users grows, so does the popularity of online shopping platforms. The convenience of shopping at your fingertips has reshaped consumer behavior.
The biggest online marketplace based on average order volume was Chinese platform Taobao in 2019, with an AOV of 550 billion U.S. dollars.
The giants of the online marketplace industry include Taobao, Amazon, and others. Their impressive growth in gross merchandise volume reflects the enormous scale of the online retail market.
According to a recent report from Sensor Tower, there has been a 16.3% increase in new app users. As the number of mobile users grows, there is a notable difference in business opportunities. This global platform is growing immensely and following a futuristic approach.
Microvendors have found a goldmine in online marketplaces. They can expand their networks and tap into a growing user base. The proliferation of mobile users has opened up new avenues for business opportunities.
Creating an app like Flipkart involves a multi-faceted approach. Here's a detailed breakdown of the essential steps:
Continuous Improvement: The journey doesn't end with the launch. Keep a close eye on user feedback and analytics. Regular updates and improvements will keep your app relevant and competitive.
Flipkart's journey to e-commerce dominance is marked by a multitude of strategies and business models that have evolved over the years.
The Birth of Flipkart
Founded in 2007 by Sachin Bansal and Binny Bansal, Flipkart started as an online bookstore and quickly expanded into a one-stop-shop for all consumer needs. This diversification played a pivotal role in Flipkart's revenue growth, establishing it as a significant player in the Indian e-commerce market.
Let's break down the estimated costs for developing an online marketplace like Flipkart.
Phase |
Estimated Cost |
Planning and Analysis |
$10,000 - $20,000 |
Design and Prototyping |
$15,000 - $30,000 |
Development |
$50,000 - $100,000 |
Testing |
$10,000 - $20,000 |
Launch and Marketing |
$20,000 - $50,000 |
Keep in mind that these are approximate figures, and actual costs may vary based on specific requirements and market conditions.
An online shopping app to be successfully launched in the market requires a team of numerous proficient developers, talented designers and many other members with expertise in their domain to work in harmony.
Mobile App Developers |
Project Manager |
Back-End Developers |
Business Analyst |
Front-End Developers |
Database Administrator |
UI/UX Designers |
Customer Support Team |
Online marketplace businesses are growing rapidly with the advancement of technology. The players in this industry have realized the importance of a digital presence through an online shopping app like Flipkart. We hope that through this blog we can shed some light on the key features and cost of building an app like Flipkart for your better understanding. So, what’s the wait for? Partner with us for the best shopping app solutions by calling us at +91-9452000089 now!
Duplex Technologies is a leading shopping app development company with 12+ years of experience in delivering highly functional and feature-rich apps like 1mg that have met all the requirements that our client wished to incorporate.
We are delivering business solutions at every stage.
We would be happy to discuss your idea or project with you in person.