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State of Search Report 2021

Issue link: https://mbozikis.ufcontent.com/i/1418663

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The retail industry and digital commerce has evolved rapidly since the COVID-19 outbreak – more so than any time over the previous decade. And yet, online conversions rates have remained relatively flat. What have we overlooked? According to CommerceNext's 2021 report, ease of access to the product catalog is the most important user experience element shoppers will consider in their online shopping journey, yet 46% of digital commerce practitioners declare their company has under invested in digital commerce search. Last year, digital commerce saw 10 years of growth in only 3 months Introduction Digital commerce search technologies have evolved dramatically during those 10 years, and what were once considered futuristic capabilities are now easily accessible to retailers of all sizes. Those who have taken advantage of these innovations and adequately invested in search are enjoying real return on investment with higher conversion rates from their shoppers using search. 3

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