Magento 2 is a great choice for medium to large businesses.
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Great write-up by the OP. I'll say this, while WooCommerce is much easier to setup and maintain, Magento is much more powerful. If you have a small store, go with WooCommerce. If you have many products and need powerful customizations, use Magento.
Nevertheless, if you're using WooCommerce for the first time, it might seem a little confusing. I did find one con with WooCommers, however. Yes, Magento is not far from beating WooCommerce, but we'll just have to wait and see.
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I totally agree with you.
WooCommerce and Magento platforms are both gaining popularity so it is hard to pick the best one for your online store.
I would suggest Magento because to develop an eCommerce business Magento comes with many strong points like Great Blog Functionality, customizations, third-party integrations. It has released multiple versions and product updates within a few years. Woocommerce is a plugin in WordPress but its speed and performance are lower than the Magento.
I'm sure I'm not the only one to have noticed, but Magento is DEAD. They are forcing their customers to use ElasticSearch, which of course NO shared host allows. So for the vast majority of hosting companies, Magento is not a viable option unless you want to spend $250-$500/month on dedicated hosting (not even cloud!). This move by Magento has effectively killed their business and killed off any competition with WooCommerce and PrestaShop. Great for those two companies, but Magento's days are numbered.
That also depends 100% of your server (server setup) ... my Magento 2.4.3-p2 sites opens checkout in under 1 sec.
So if You set Your server up right Magento 2 is crazy fast.
The best Magento 2 for medium and large sized businesses is Magento 2.
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WooCommerce is a best and works very well. i will use WooCommerce for this 'Salajeet Price in Pakistan" eCommerce website.
Magento 2 is best for Medium to Big business.
That's my opinion