Are you still using the old version of Magento? If so, you are missing something big. Yes, you heard it, right? Magento 2.0 upgrade will offer you multiple benefits and capabilities. So, as an eCommerce store owner, it is a good idea to choose Magento upgrade service if you do not want to stay behind. With this, you can safeguard customers from potential security threats such as spam or hacks.
The Magento support team is involved in releasing updates every other month to ensure that the software stays secure and current. Also, you will find that there is the availability of Magento 2 development companies that are dedicated to offering Magento upgrade services for boosting the website performance and offering better shopping experiences. We have designed this detailed guide to talk about the key benefits of choosing Magento upgrade services. But, before that, let’s understand the risks involved if you fail to select related solutions:
What are the Risks Associated with Delaying Magento Store Upgrades?
If you are still thinking about choosing Magento upgrade services, then you are exposing your store to many risks. Let’s discuss those in detail in the following section:
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Compatibility Concerns with 3rd Party Extensions
Third-party extensions are known for providing extra features and functionalities to your ecommerce store. It includes secure payment gateways, shipping software, an automated accounting system, inventory management, and a CRM system. These tend to play a pivotal role in Magento’s ecosystem. So, if you neglect to update your Magento store, it can lead to compatibility concerns with these extensions. Also, it may result in conflicts and errors that may adversely affect your site’s performance.
Not only that, but compatibility problems can also cause security vulnerabilities. This is because outmoded extensions may fail to align with the magento latest security patches that come with the most recent Magento 2 version. Due to this reason, it becomes vital for you to focus on updating your Magento store, which helps ensure that your extensions remain updated and compatible. Thus, it helps effectively eradicate the risks of conflicts, errors, and security breaches.
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Loss of Customers
If you do not want to lose your customers, then it is high time to choose Magento 2 upgrade services from a trusted Magento 2 development company. No one wants to visit a store that has a poor appearance, takes more time to load, and comes with features that fail to work well. So, not upgrading your Magento store is the biggest reason for the increased bounce rate. Ultimately, you will end up losing your customers to competitors who have already updated their Magento store.
In the present times, most customers look for easy navigation, improved graphics, customized offers, and more options for shipping and payment. Including all these, upgrading your store can facilitate improving the functionality, design, and user experience of your site. Thus, your customers will find your store more appealing while offering you a competitive edge.
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Failure to Keep Pace with Industry Standards and Trends
In the present times, a constant and rapid evolution is seen in the ecommerce landscape. With the presence of more than 26.5 million active ecommerce sites globally, firms must adapt if they wish to stay competitive. So, if you fail to upgrade your Magento store, there is a high chance that you will fall behind the industry standards and trends. It will prevent you from getting an edge over your competitors.
For example, 41.8 percent of all global retail ecommerce sales came from mobile devices in 2022. It indicates how important it is to focus on mobile responsiveness in the current days. Also, the user experience of your site for mobile users is going to be impacted if you fail to update your store.
What are the Key Benefits You Can Reap by Upgrading to the Latest Magento 2 Version?
If you have decided to go for an upgrade Magento service, then you are assured of reaping many exciting benefits. Some of these include the following:
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Accessing New Features
Magento is known for offering a range of exciting features and functionalities from time to time. It typically incorporates product browsing features, promotion, marketing, conversion tools, saved shopping cart, product comparison with history, etc. All of these features help effectively enrich the abilities of your store.
Not only that, but these help refine your marketing strategies and foster customer engagement. You will end up missing these benefits if you fail to choose the Magento upgrade service or implement the upgraded version of Magento. So, if you do not want to lag behind your competitors, it is suggested that you go for a Magento 2 upgrade from a reputed Magento 2 development company.
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Strict Adherence to Industry Standards
You are most likely to deal with the risk of non-compliance with industry standards like PCI DSS or GDPR if you decide to operate on an outmoded Magento version. So, it becomes imperative for you to maintain compliance as it helps foster trust with your audience and safeguard sensitive customer data.
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Support and Community Engagement
Magento is known for extending support and active community involvement to users of its updated versions. So, if you end up remaining on an outmoded iteration, it may limit your access to support services. Also, it may deprive you of the valuable insights that you can get from the supportive Magento community.
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Bugs Rectification and Stability Enhancement
Whenever you choose the Magento 2 upgrade, it helps ensure the rectification of bugs. Along with that, it also improves stability within your store. So, if you decide to continue with the previous version, it can lead to unforeseen problems, downtime, and customer satisfaction.
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Mitigating Malware and Hacking Risks
Do you know that the older versions of Magento, which include Magento 1, Magento 2.2, 2.4, and others, are more prone to hacking and malware risks? Yes, that’s true! This is because hackers often exploit known vulnerabilities in outdated software versions through different malicious tactics. It includes website tampering, server attacks, botnetting, cross-site scripting, etc.
However, it is possible to protect your website against these attacks by choosing to upgrade to the latest version of Magento from a reliable Magento 2 development company. It effectively addresses known vulnerabilities and involves the implementation of advanced security features. Some of these are reCAPTCHA, solid hosting protection, two-factor authentication, security audit, and other security scans.
Final Thoughts
Finally, it is essential to remember that the latest Magento version upgrade offers merchants the capability to foster customer confidence, maintain a flawless shopping journey, etc. It also helps your business stand out in the competition. So, it is not at all a good idea to procrastinate upgrades. In this regard, all that you need to do is hire a professional Magento 2 development company offering best-in-class Magento support and maintenance services to successfully achieve your related objectives. So, what are you waiting for?
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This post brought to you by Atif Sharif
photo by client.