Magento is an open-source e-commerce platform, processing over $155 billion worth of transactions annually. After Adobe's $1.68 billion acquisition in 2018, this open-source platform has evolved into a sophisticated eCommerce solution that powers approximately 0.6% of all websites globally.
What Does Magento Do
At its core, Magento is a PHP-based eCommerce platform used to make a powerful online stores. The platform provides robust inventory management, multi-site configurations, and advanced business intelligence capabilities. It employs MySQL/MariaDB for database management and incorporates sophisticated frameworks like Zend and Symfony for enhanced functionality.
Magento Pricing
The pricing structure varies significantly between versions:
1）Adobe Commerce (formerly Magento Commerce)
Annual fees range from $22,000 to $125,000
Cloud version costs up to $190,000 per year
2）Magento Open Source
Free to download and use
Additional costs for:
Hosting
Extensions
Developer expertise
Product History
Born in 2007 under Varien Inc., Magento's journey has been remarkable. Initially planned as an osCommerce fork, it evolved into a completely new platform. Key milestones include:
March 2008: First public release
2011: eBay acquisition
2015: Sold to Permira
2018: Adobe acquisition
Summary
Magento proves to be a great choice for enterprise-level eCommerce businesses willing to invest in powerful functionality and scalability. Despite the learning curve and high costs , the platform's extensive capabilities make it a worthwhile investment for businesses serious about their online stores.
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