Interesting Facts You Didn’t Know about Magento

Magento: A Renowned Ecommerce Platform

Due to its extensive and strong features, the Magento platform has grown in popularity. It is an open-source platform that is highly configurable and adaptable. These features are the reason why all e-commerce businesses use them to develop their websites.

Several ecommerce development companies are there to make your job easy.

Interesting Facts You Didn’t Know about Magento

Magento has been the industry leader for six years in a row. It is due to its stunning design and cutting-edge technology. If you are looking for a skilled and renowned Magento agency, you can check out https://elogic.co/services/hire-magento-developer/. Here are the exciting facts about the platform:

1. The Meaning of their name and lLogo

The role-playing game Dungeons Dragons is generally credited with inspiring Magento’s name and logo. Unfortunately, due to a trademark problem with FileMaker Inc., Varien dropped the original name “Bento.” It is said to be a cross of Bento and Mage. The latter is a Dungeons & Dragons phrase that means “wizard.”

2. It is a Ukrainian-developed platform

It was developed in Ukraine 99.9% of the time. However, Varien, the business that created it, is situated in Los Angeles and is controlled by management and investors in the United States.

3. What is Ukraine’s significance?

Yoav Kuttner, a former Varien CEO, said in an interview that he received a letter from an aspiring Ukrainian programmer when he was re-building the development team in 2006. He wanted to work for them a week after he decided to stop looking for distant developers and focus on establishing LA-based in-house staff. After demonstrating his extensive knowledge, the guy introduced Yoav to other experienced PHP developers, and Yoav met them in Kyiv a few months later while building Ukraine’s first growth workplace. There are presently 240 people employed. 

4.  Magento’s fingers have been traded on a few occasions

One of the many intriguing facts is that its owner is constantly changing. Roy Rubin, Magento’s lead developer, founded the corporation Varien, which generated its first variants. The company has been bought and sold (at a profit) many times since then.

5. It has secured the third rank among the existing e-commerce platforms

Compare the established software, namely, Magento, Shopify, and WooCommerce. Shopify only wins by 8%, with WooCommerce taking the top place. The percentage rankings are as follows: WooCommerce is at 30%, Shopify is at 18%, and Magento is at 10%.

6. Every year, it processes more than $100 billion in gross merchandise volume

Without a doubt one of the most popular open-source CMS for internet commerce in the world. Every year, our platform processes more than $100 billion in transactions. So now is the time to enjoy a delicious piece of cake!

7.  The United States accounts for 9.5 percent of all Magento websites

Magento users are located all over the globe, according to user data. Western Europe, India, Africa, South America, and Russia are all big fans. The United States, on the other hand, has the biggest number of users in the world using the technology.

8. Between 2017 and 2018, the number of Magento sites more than doubled

According to data from BuiltWith, a prominent web profiler, the overall number of fantastic Magento sites almost quadrupled between March 2017 and August 2018. It is reported to be powering 28% of all websites on the internet at the moment.

9. Major revenue share goes to Magento

According to Forrester Consulting, most e-commerce enterprises benefit from Magento to the tune of 10–80 percent of their sales increase. It’s mostly owing to Magento’s user- and mobile-friendly themes, which provide outstanding consumer experiences.

Wrapping Up

Magento as a technology stack is the most effective way to create an online store. It contains a plethora of features; some will be more valuable than others to you.

When determining which features to use, consider the sort of website you are developing. For example, if your e-commerce site grows in size, you will require additional and more complicated features and vice versa. Then retaining the services of a Magento e-commerce development firm would be a good choice.