Magento 1 reaching the end of life soon, is your business ready for future with Magento 2?
A large number of small and medium businesses use Magento eCommerce platform to pursue business activities. It offers content management and advanced analysis to sell product securely. If your online business runs on Magento 1 or earlier versions, then you should know that it will stop receiving security patches as early as February 2020. In short, it’s time to map out your migration from Magento 1 to Magento 2 for further servicing your online stores.
Online eCommerce portal development will remain popular in spite of Magento 1’s.support is stopped. But what does this withdrawal of support really mean for businesses who run their online stores with Magento? Well, don’t expect any new features, security patches or functional improvements as Magento is currently focusing on the development and growth of the latest Magento editions.
The market using Magento is growing fast
If we observe the interesting stats from Magento’s official website, then there are 250K merchants who use Magento as their eCommerce platform. There are 315K Magento developers and 115k Magento solution partners working on Magento.
Let’s quickly dive into the future of the online market to see the footprints of Magento online stores.
eCommerce trade will grow from 14 to 20% by the year 2020.
Online shopping will increase from 2.3 to 2.9 billion by the year 2020.
Mobile shoppers will rise by 1.4 to 2.9 billion by the year 2020.
Online commerce worldwide will grow 20% by the year 2020 from $4.9T
End-of-Life for Magento 1
After over a decade of service, it was officially announced that in June 2020 Magento 1 will reach the end of its life. The announcement was made to ensure that the customers have enough time to upgrade their digital platform with ease.
Sooner or later businesses will need to migrate their web stores to a newer version. Given the options, Magento 2 is the best choice for Ecommerce websites development with its modern features and functionalities. It helps in improving user experiences of both customers and merchants.
Why it’s time to leave Magento 1.x platform?
Magento 1 has achieved its goals and purpose of providing a platform to move offline businesses on digital platforms. Now, Magento wants to introduce a new and refreshed experience for users to enjoy next-gen features like mobility, card-less payments and many other.
Therefore, it was decided to pull the plug off Magento 1 and ensure that current users are given ample time and option to move towards a better eCommerce platform in the form of Magento 2. No Technical Support for Magento 1.x, as the team will itself abandon the first version of the platform.
Magento 1 will not be extended for any new features, as people are using new ways to sell strategies by improving customer experience.
No more security updates since the focus have completely been on Magento 2.
In 2015, Magento 2 was released and since then regular updates are released to upgrade the older versions. Magento 2 is a highly scalable and offers wide-range of add-ons for suitable B2B or B2C web-stores.
In the last decade, thousands of eCommerce websites are built on Magento 1 and are still doing great by all standards. It won’t be a wise decision to throw away all the work that you have done in Magento 1 and jump onto Magento 2. However, upgrading and adapting to new features to grow your business faster rather than building a website from scratch to a new platform.
Why upgrade to Magento 2?
Because, Magento 2 offers numbers of new features, innovations, and opportunities to serve customers in the best possible ways. Ppl, Migrating is never painless even if you’re migrating two versions of the same system. When upgrading from Magento 1 to Magento 2 one can transfer attributes, products, and database with leaving all customized design and features. But if you want all Magento 2 features then you need to build it again.
It’s time to re-platform your Magento eCommerce store
To resolve the security and upgrade issues, re-platforming from Magento 1 to Magento 2 is a viable solution. Many IT analysts agree that it Magento 2 is the best choice to build eCommerce Websites in recent times to reach your business goals. Some of the main advantages are listed below.
Be a part of a more mature eCommerce Market
Get better security protocols to stay safe from any threats of malware attacks
Immediate store launch without any trouble of bugs and integration
What are the key differences between Magento 1 and Magento 2?
Magento 2 is an upgraded version of Magento 1. Therefore, it has plenty of overarching features and functionalities over Magento 1. Here are the key differentiators between them.
The final thoughts would be to simply upgrade to Magento 2 which will entirely dependent on your business requirements. So, to ensure seamless integration for your online eCommerce store contact us to discuss your technology needs.
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