Everything You Need to Know About Magento 1 End of Life

Formerly known as enterprise edition, Magento 1 undoubtedly had been the first preference of digital entrepreneurs across the globe. However, the primary reason behind unprecedented adoption and growth of digital commerce is innovation. Having said this, how the leading eCommerce platform could stay behind.
Adhering to the same Magento launched version 2.0 enterprise edition in the year 2015. Since then, it launched new upgrades to the version back to back. However, it was 2017 meet Magento conference in Prague, where we got the first hint of the end of support for Magento 1.

Currently, there are around 237,266 live Magento stores across the globe. Out of which, around 190,592 are running on Magento 1. Having said this, the aforementioned number will have to migrate to Magento 2 or some other platform before June 2020.

Prior to the launch of Magento 2, the executives at Magento circulated the idea that end of life for Magento 1 shall come after three years, which meant November 18, 2018. It was later that the company announced Magento 1 End of Life by June 2020. However, till date, it’s still not completely clear to many as in what end of life really means? Reason being;

• If Magento 1 would have been a web application it’ll mean that the servers will be turned off.
• If it was a software application, which gets updated on a regular basis. Possibly the updates will be stopped.

Well, in this case, Magento 1 end of life implies the end of security patches, support, upgrades and other crucial elements that help you run your digital commerce and submit security-related audits.

Innovation is the major driver of the eCommerce storm. While Magento is closing support doors for its first version, the platform users are now in a state of a muddle, as to whether to migrate to some other platform or to upgrade to Magento 2. Let’s have a quick analysis of possible ways and understand there impact on your business.

• Migrating to another platform: In case you wish to migrate to some other platform, WooCommerce and Shopify are leading the industry with 21% and 18% global market share. Following them are several other eCommerce platforms making a noteworthy contribution. While migrating to these on one side might give you ease of access but the threat of losing data will remain significant. Also, you might have to compromise on some of the tools, which you had access to while being with Magento 1.
• Upgrading to Magento 2: Magento had been the second largest eCommerce platform till 2017. However, in 2018, Shopify gained tremendous response and replaced Magento. Once again, the primary reason behind was the ease of functionality. But with Magento 2 migration, you won’t just be relishing the wide range of tools for monitoring, conversion, and analytics but will also be less prone to the threat of losing your precious data.

You May Also Like this: 8 Reasons Why You Must Migrate to Magento 2

Looking at the current announcement and the entire chaos that followed, experts have a united and firm opinion in context to the much-needed transformation. It is believed that while ending support for Magento 1, Magento Inc. has made some sincere changes in its operational and functional design. Perhaps, this could have been a reason that the initial prediction of Magento 1 End of Life got delayed.
Before signing off, no matter which platform you choose, industry experts believe that migrating from Magento 1 prior to June 2020 is an invincible need of your business with a host of platform options available.