Magento is a leading open-source e-commerce platform that supports medium and large scale enterprises to enhance their online store without spending a lot of money. Recently, the magneto platform has experienced immense growth and is currently utilized by over 200000 online retailers. Its high-performance features, huge support community, and rich scalability options make it undoubtedly one of the best options when it comes to e-commerce platforms. In the year 2015, Magento 2 was released as a successor to its previous version Magento 1 to meet the increasing demand of businesses. It is currently the latest version of the Magento software and has been designed to improve performance and speed along with numerous other features to improve conversion rates for online stores.
Why Magento 2?
Magento has always been successful in providing excellent features, products, and services to its users. However, with the launch of Magento 2, it is important to understand why we need to shift to Magento 2 from Magento 1.
Speed:
The primary reason why Magento 2 is superior to Magento 1 is speed. Magento 1 cannot produce loading speeds that are required by small to average-sized websites. This affects the conversion rate and destabilization of the website traffic. On the other hand, with Magento 2, the speed of page loading has increased by 50 percent and visitors now experience a loading time of fewer than 2 seconds.
Improved Code Structure:
With Magento 2, improvements have been made in the code structure allowing over 117 percent more orders in comparison to the previous version. It also allows over 2.1 million page views more than Magento 1.
Improved Security:
Besides performance, website security has also been boosted with safer data storage for users and clients as well as a more secure payment gateway.
Key Differences between Magento 1 & Magento 2
#1 Performance:
Magento 2 has reduced the website loading time to less than 2 seconds, which is about 20 percent faster than Magento 1.
#2 Catalog Views per Hour:
Magento 2 supports over 10 million catalog views every hour as compared to Magento 1 which allowed just 500,000 views in an hour.
#3 Database Improvements:
Advanced Database improvements in Magento 2 allows concurrent product and order management for up to 50 users in backend admin processing orders.
#4 Optimized Checkout Process:
Magento 2 also offers a much more simplified and optimized checkout process in comparison to the previous version.
#5 Better Admin Panel:
Magento 2 allows admin to customize the admin panel to ensure that all important information is accessible quickly and easily. Creating products has also been made easier with 4 times faster capability to import products.
#6 Highly compatible:
It is also much easier to integrate popular extensions and third-party tools such as Braintree and Paypal on the website with Magento 2. This provides better functionality to the store. It also offers compatibility with several databases, PHP frameworks, cloud and web services and much more, making it much more hassle-free to work with.
#7 More mobile-friendly:
With Magento 2, the platform has also become more mobile-friendly. It has a more responsive design and SEO friendly themes.
With so many improvements in the native functionality and availability of more than 350 extensions, Magento 2 has proved to be much more efficient and useful than Magento 1 for e-commerce and multi-channel retail clients. It is proved to be a great option for businesses looking to move to the next step in the Magento ecosystem. Magento 2 has also ditched its previous per-license pricing model and implemented a revenue-based model based on tiers of GMV (Gross Merchandise Volume). This has made Magento 2 more beneficial for large brands managing high-volume sales and spikes in their website traffic.
Magento 2 is one of the best e-commerce platforms available out there that allows merchants to run their online business with efficiency and ease and helps them improve conversion rates and boost sales. Migrating your e-commerce website to Magento 2 will help your business immensely by improving your website loading time, allowing more simultaneous traffic on the website, improving checkout times and boosting the website performance as a whole.
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