How much will it cost for Magento Store Development in 2021?

February 9, 2021 EvinceMage . 0 Comments

Magento is a feature-rich eCommerce platform solution that lets merchants have complete flexibility and control over their channel. Its powerful search engine optimization support, catalog management, and other powerful marketing tools let merchants create an exceptional shopping experience for their customers.

The Magento development services at Evince Development offers tailor-made solutions along with third-party plug-ins and extensive support for ultimate flexibility and scalability.

Popularity of Magento

Any app developer would know the ever-growing popularity of the Magento. There is an increasing demand for Magento among eCommerce developers since its inception in 2008.

Below are the Magento statistics of 2020 that are meant to familiarize you with the feature-rich attributes of Magento. The data will reveal the important factors like global usage and growth in popularity of this platform.

Magento Usage Data of 2020

U.S. Tops in Magento with 80K+ Websites (Source: BuiltWith)
Approximately 81,732 Magento based websites operate in the U.S., and the usage data reveals the widespread popularity of the platform. Apart from Magento's popularity in the U.S, the platform is popular in Western Europe as well. It is popular among e-retailers in South America, India, Africa, and Russia.
10% of Top 1 Million eCommerce Website Uses Magento (Source: BuiltWith)
If we top 1 million eCommerce websites then Magento still accounts for 10% of the eCommerce market.
250,000 Merchants use the eCommerce platform (Source: magento.com)
As per Magento's 2017 data, approximately 250,000 merchants relied on this powerful CMS platform to operate their online businesses.
Top brands are associated with Magento (Source: Mage Cloud)
Big names like Ford, Omega Watches, Christian Louboutin, Bulgari, Liverpool FC, and Pepe Jeans have their websites built on Magento. They are popular across the globe and experience heavy traffic on their websites.

Introduction to Magento Editions (Features & Benefits)

Magento provides two distinct platforms: Magento Open Source (previously known as Magento Community Edition) which is free of cost and Magento Commerce (previously known as Magento Enterprise Edition)which charges a yearly license cost. Each model is a suitable choice for small to medium and even large scale online business.

Magento Open Source

If you're someone with a small business set-up, then you should go for the Magento Open Source. Small business vendors and individuals prefer the basic Magento model because it gets them started with reasonably low investment. Additionally, the Magento Open Source has features that are essential for seamless online business operations.Magento Open Source, formerly known as Community Edition, is an open-source eCommerce platform, and it is free of charge. Anyone can get a program code, and it is open for editing. Magento Open Source is a perfect solution for small to medium-scale businesses. All you need to do is just download the source code, and you can immediately start working with it. Users can make customizations as per business requirements.

Usually, small to medium-scale entrepreneurs opt for the Magento Open Source edition with customized add-on themes and extensions to suit their requirements. This gives them the flexibility to have features and functionalities of their choice at a relatively low development cost.

Magento Open Source Features

Marketing, Promotions and Conversions Tool
Search Engine Optimization
Site Management
Catalog Management
Product Browsing
Catalog Browsing
Order Management
Checkout, Payment, and Shipping
Order Management
Customer Account
Customer Service
Analytics and Reporting
International Support
Mobile Commerce

Magento Commerce

If you're someone with a medium to large-scale business looking to boost the online presence of your store, then Magento Commerce would be a great option.

Magento Commerce is a paid version with premium features. It perfectly blends with medium to large scale online businesses. The premium features offer scalability and more customizable options to the online store.

Magento Commerce Features

Page Builder and Content Staging
Customer Segmentation and Personalization
Dynamic Rule-Based Product Relations
Instant Purchase
Visual Merchandising
Powerful Business Intelligence Capabilities
Responsive Design Themes
Progressive Web Applications
Integrated B2B Functionality
Inventory Management
Powerful Admin Experience
Technical and Account Support
Cloud Infrastructure
Promotion and Pricing
Site Management
Content Management
Search Engine Optimization
PWA Studio
Catalog Management
Sales and Ad Channels
Product Browsing
Catalog Browsing
Checkout
Order Management & Customer Service
Customer Loyalty
Customer Accounts
Support for Global Site
Integrated B2B Functionality
Headless Commerce Architecture

If you are looking for a Magento Commerce solution, the following table will tell you the cost of Magento store in 2021.

Source

Essential Elements that Affect the Price of Magento

Apart from the Magento editions, you choose to start your eCommerce store, some of the other elements vary the cost of the Magento website.

Web Hosting Cost
Hourly Development Cost
Extensions
Theme
Client Support

Most of them have been explained as follows:

1. Web Hosting

For both Magento Open Source and Magento Commerce, dedicated hosting is required.

It means your server resources won’t be shared with any other websites. Dedicated hosting enhances the performance of your store and gives you full liberty to optimize your website.

2. Extension

Magento Extension allows you to add new functionality to your Magento store. Some predefined extensions available are free of cost, while others cost a few dollars. You can also use customized extensions to suit the feature requirement. However, before buying any extension, it is essential to verify whether it is compatible with your Magento version. The price and quality of extension differ from agency to agency. A poorly coded extension could create glitches in the performance of your store.

Some of the best EvinceMage Magento Extensions are as follows:

3. Hourly Rate to Develop Magento Store

The cost of store development varies from country to country and on the experience level of the developer. Generally, developers from Asian countries would approximately charge $20-$25 per hour, whereas developers from European countries would charge roughly $30-$40 per hour. In North American countries, developers are paid approximately $80-$120 per hour for Magento store development. Additionally, few agencies or freelance developers charge different prices for Magento Open Source and Magento Commerce's development.

On average, an experienced Magento developer would take approximately 240 hours for readymade theme store development, whereas, for custom theme development, a developer would take around 400 hours. However, the number of hours hugely depends on the level of customization.

In Takeaway

Magento fits the pocket of almost every retailer with multiple pricing options, both small to large scale. The cost of store development entirely depends on client requirements and business type. Magento eCommerce store can be expensive or affordable, depending on factors like:

Hosting option
Customized Theme
Additional Features
Hourly rate to develop Magento store depending on the country

Evince Development offers comprehensive Magento development services to get you started with your online business journey. Our committed Magento specialists are always available for consultation and queries.

Get ready to launch your website – Drop us a mail.

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