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The Magento 1 era has come to an end in June 2020. Thus, all the 1.x
versions stopped receiving constant updates from the company.
There is no official tech support, no security patches, or bug fixes. Your
store might even have vulnerabilities and functionality issues, etc. So,
it is advisable to migrate your data to the latest version as soon as
possible.
Additionally, here's the list of most common situations when
updating to Magento 2 is highly advisable for your business:
Why Upgrade Magento 1 to
Magento 2?
Visitors flow impacts website performance
Your online store is under stress each time the amount of clients
suddenly increases? It is the first and one of the most significant signs
that upgrading is inevitable. Slow download, broken pages, and poor
visitor experience can spoil your reputation essentially.
Conversion rates start to fall
Managing an online business requires you to perform daily analysis of
key indexes. And the conversion rate is the data that needs to be
taken into account. Once the conversion rates on your website are
increasing - this is a great way to go, and the marketing campaign is
efficient enough. Otherwise, you need a platform that offers the best
conversion-driven functionality. If you upgrade Magento 1 to Magento
2, you'll have pretty the same structure and functionality as if you've
migrated to the new shopping cart.