🤖 The Ultimate Shopify Plus App Breakdown: Which Categories are Winning? 📊
New report reveals market penetration and player breakdown of top Shopify Plus app categories, highlighting areas of opportunity for app founders.
Outside of Email, there’s no category that’s owned by a player with 50%+ Market share
Loyalty has the lowest level of competition among all the analyzed categories, with only three dominant providers in the market, making it a ripe opportunity for a new entrant to establish itself as a major player.
Shopify and Google Cloud team up to boost enterprise retail search and discovery 🚀
Shopify and Google Cloud are working together to make it easier for online shoppers to find the products they want by improving the search function on online stores.
Currently, when shoppers search for a product and don't find what they want, they often leave the website without buying anything. This costs online retailers around $2 trillion every year.
The partnership between Shopify and Google Cloud aims to tackle this problem by integrating Google's powerful search and discovery tools directly into Shopify's platform, helping shoppers find what they want faster and more accurately.
🚀 Web3 Platform TYB Enters Shopify App Store 🛒
🌐 Web3 platform TYB joins Shopify App Store, allowing businesses to offer blockchain-based rewards like NFTs.
TYB connects to Shopify checkouts, upgrading customer loyalty programs with challenges and exclusive offers using NFTs.
Shopify is embracing Web3 technologies, expanding support for NFT creation, minting, and sales to help businesses harness their potential.
A Brand New AI App Marketplace on the Horizon?
🎯 OpenAI introduces third-party plugins for ChatGPT, signaling a shift towards a developer platform.
Plugins, though still experimental, allow ChatGPT to access current information, run computations, or utilize third-party services.
📈 The possibility of an OpenAI App Store could offer developers a new revenue stream, allowing them to profit from their creations.
So there you have it – another week of Shopify news and insights. Keep an eye on these trends, and we'll be back soon with more updates.