Ever had a headache to find a great idea for a tech startup?
You know the best way to start a tech business industry is to get an idea. But 2020 and 2021 weren't that great for most businesses out there due to the pandemic situation.
However, any crisis can bring out the perfect business solution; all you need to have is the right idea to tune in to the situation. As an example, look at the sales businesses made by selling facial masks and sanitisers.
The post-Covid world will mainly depend on the power of the internet, and for the same reason, most businesses are rapidly moving online.
Over the past several months, you might have witnessed how the pandemic had forced many small and large scale businesses to move online. This massive online migration of small and large scale businesses unfolds new possibilities for tech startups to build unique models for these businesses.
So, why don't we spend some time together researching some promising new tech startup ideas that could help you build your business empire!
What are the Best Tech Startup Ideas to Watch for in 2022?
One thing is for sure: the evolution of technology in recent years proves that unless businesses are adopting the latest available tech in the market, they will get eliminated from the game of business.
With a rising number of new tech or software startups growing and receiving funds for their unique business models, many new opportunities are arising for them amidst the Covid-19 at rampage.
Let's get straight into the complete list of 21 promising tech startup ideas that have impacted 2021 and will have immense potential in 2022.
Here are the Most Profitable Tech Ideas for Startup:
- 1. Artificial Intelligence
- 2. Telehealth and Virtual Medical Services
- 3. Remote Working
- 4. EdTech Startup
- 5. Biotech Startup
- 6. Robotic Delivery
- 7. eCommerce Startup
- 8. Internet of Things
- 9. Social media influencer
- 10. VR and gaming arcade
- 11. Cyber security services
- 12. Digital marketing
- 13. Data analysis firm
- 14. On-demand services
- 15. Fintech
- 16. Health and renewable energy
- 17. Business incubator
- 18. Travel and tourism agency
- 19. Custom drone building
- 20. Freelance work
- 21. 3D printing
- 22. Data Mining
- 23. SEO Agency
- 24. Web designing service
- 25. Software Development Service
- 26. Mobile Application Development
- 27. Cloud-Based Services
- 28. Social Media Consultancy
- 29. UX Service
- 30. Live Chat Service
- 31. Chatbot Creator
- 32. Web Analytics Service
- 33. Crypto Mining
- 34. NFT
- 35. Meta Real Estate
For the past decade, AI has been gaining a lot of attention, and there's no doubt AI would evolve even further. In the future, most mainstream businesses will be equipped with AI, thus opening numerous tech startup opportunities.
Nowadays, AI can read for us, speak, write, hear, see, and analyse things in terms of videos and photographs. All of this is completely transforming organisations and helping them re-imagine and streamline their business processes. Read the advantages of AI in mobile app development.
For many industries, this Covid-19 pandemic was disastrous. But, it only accelerated the use of AI across the U.S economy. During this time, many companies started to create new services for remote workers and students. They build up online shopping, dining options, make customer call centres more efficient, and speed up development of essential drugs.
With the increased infection rates and bio lab cases due to the pandemic situation, AI plays a crucial role in maintaining the analysis of those overwhelming volumes of data.
Today, one out of 10 organisations uses more than 10 AI applications. It includes chatbox, security, fraud detector, and more. The increase in adoption of machine learning across industries has proved that how its algorithms and techniques are solving complex real-world problems efficiently.
AI.Reverie, Anodot, Dataiku, BigML, etc., are examples of leading AI startups shaping the AI industry.
The business you choose should resonate with your skill and market demand. Love to code? Then a build a software company. Check out some trending business ideas now.
So, from healthcare to IT services and cybersecurity, startups have a plethora of areas to be explored. And in 2022, the demand for them is only going to increase.
The one thing that changed a lot in the health industry during the past year is tech's tremendous medical services involvement. For this case alone, many tech companies are streamlining their services for the healthcare industry.
Recent studies have shown that telecalling the patients could resolve about 80% of primary medical attention required. Furthermore, hospitals can improve their online healthcare system with the aid of virtual medical services.
These services open an abundance of tech startups opportunities to compete against more prominent players within the same industry. The demand for such services is increasing day by day as more and more startups discover its benefits like:
- It can help cut costs
- Shorten wait times
- Bring healthcare to people in rural areas
- Keep a close eye on newborns
- Help keep at-risk patients healthy by providing quick check-ins
It is not a pleasant way to wait in a doctor’s office and spend a long time. By having contact with other sick people, there's a high chance that people might leave with diseases worse than what they came with. Telemedicine help avoids such risks, and that’s why it is booming now.
See how Telemedicine The Future Of Health Care.
As the Covid-19 pandemic has hit worldwide, "Work from Home" abbreviated as WFH, has gained popularity across the tech industry. But as months passed, we know how things escalated quickly.
Issues started arising as more and more companies began switching to a remote working model. Like it becomes more challenging to highlight professional achievements, the engagement between workers becomes much harder, etc. This problem gave rise to tech solutions like personal remote process automation.
The industry that gained the most attention during these uncertain times is the education industry. When students, teachers, and their families feel burned out from pandemic learning, companies that market online learning tools to schools were enjoying a coronavirus windfall. Investors are happy to invest high in EdTech startups.
According to CB Insights report, (a firm that tracks startups and venture capital), venture and equity financing for EdTech startups has more than doubled. This means it rises from $4.81 billion in 2019 to $12.58 billion worldwide last year.
With all those schools, institutions, and other academic centers taking their business entirely online, startups secure funds and grow even as Covid-19 continues.
Even in the post-pandemic world, many organisations have already taken initiatives in designing a suitable online curriculum.
The increasing demands for online coaching businesses are also showing how vast the opportunities for tech startups are within the EdTech industry.
Most startups depend on venture capitalists, angel investors, and microloans to raise funding. Want to explore other flexible funding options?
Byju's is an EdTech company from India, which spread its wings all over the world. See how much does it cost to create an eLearning app like Byju's.
Many biotech startups emerge every year alongside the rapid growth of technology. Such startups gain publicity and support from angel investors and governments because biotechs are essential to improving human life quality.
Many of these companies attract entrepreneurs, executives, and investors because the payoffs can be huge when breakthroughs are made. However, the challenges faced are not easy, either.
If lots of caution and innovative ideas proceed, you can have a massive opportunity as a tech startup to impress investors and receive multimillion-dollar investments and even attract the media and gain some fame.
See how young VC-backed founders share their stories on launching BioTech Startup.
It is not a simple task for entrepreneurs to run robotics startups. Yet the number of robotics startups working on groundbreaking technologies are growing in numbers.
Robotics have been fast-growing for the past few years, but the current pandemic situation accelerated its growth even further, giving every startup a chance to up their game.
The astounding number of efficiencies that robotics perform in limiting human-to-human interaction has helped fight the virus. This adds a higher demand for robotics in upcoming years where autonomous robots are brought to most businesses' front lines. Amazon is working towards perfecting their drone delivery system.
So, if you are thinking of a robotics startup, you should learn the do’s and don’ts on building it as it grows and matures.
Are you thinking of starting an eCommerce business?
As reported by Forbes, in the first quarter of 2021, the U.S. eCommerce sales grew by 39% year after year to $199 billion. This growth is only increasing, as global e-commerce sales are predicted to reach $4.2 trillion this year.
Developing a simple and easy website along with a mobile app is all you need to grow your eCommerce business. Talking about the eCommerce business, now is the best time to start one.
In almost every sector, the eCommerce industry is booming. From running a top-rated online fashion store to selling old pieces, it should all work.
The purchase behaviour of people has changed a lot ever since Covid-19 has hit the world. People enjoy the ease of online shopping as well as the websites providing deals and discounts.
They heavily rely on eCommerce to shop for everything from essential goods to holiday gifts. This is not just an eCommerce acceleration, but a massive shift in user behaviour which opens doors for startups in the eCommerce sector.
No matter if a thousand more tech startup founders emerge under the eCommerce sector, there are still plenty of opportunities arising each day. You have to find the right niche to start your business.
Alternatively, you can be the shovel seller rather than mining gold. This means you could start giving various services for those who are new to the eCommerce business.
Even with the restrictions of being a student, building your startup is feasible. The first and foremost thing to consider is to find a business idea and gather the intel required. Here is a an ultimate one-stop guide to launching your startup as a student.
Either way, there's no better time for launching this business than today. Ali baba, Amazon are leading companies in the eCommerce sector. Take a look at the Complete, 10-Step Guide to starting a business.
In this technology driven world, the internet connects everyone from every part of the world. Similar to that, the products and services can be connected to each other through mechanical devices embedded with sensory chips and software that helps in the exchange of data with other devices without human intervention.
This can be used to improve efficiency of devices and help you enable new services that promote safety and environmental benefits. Internet of Things (IOT) is the new future and companies are already incorporating it in their products.
The local camera and door lock systems use your mobile phones to communicate with the devices kept at your home and ensure better safety and avoid miscommunication.
"use Signal, "the controversial tweet from Elon Musk that increased the number of users for Signal in a single day. This is an excellent example of how a person can influence a vast crowd with a simple tweet.
Suppose you are willing to work on your social media presence and give the netizens the information as a credible source. In that case, your followers will increase, giving you the power of opinion to many people. Marketing firms utilise this power to promote products or services among the public.
Since the opinion is coming from someone they trust, they will be influenced. There are a lot of social media influencers today, so to earn your mark, you would have to work hard, and your work should be trustworthy.
Virtual reality computing (VR) has a whole new set of opportunities for you to venture. With the introduction of the metaverse, the VR industry is getting ready to soar high.
What's better than gaming? Living the game.
People want to experience the events of the game in real life, and VR makes it possible. The gaming industry is growing, with gamers going live on YouTube and making a decent income.
Many games are now designed for VR specifications like Batman: Arkham VR, suggesting the gaming industry's shift to VR. Don't be under the fact that VR can only be used for gaming; there are a lot of applications for this.
Social interaction through VR is possible nowadays. You can take a tour of properties on a real estate platform from your home without moving an inch. Attending social events has never been more accessible, and distance is never a problem.
In these pandemic times, VR can help with providing better quality schooling to students without actually going to school.
Privacy is the utmost concern in these technology-driven times. With all our information available in digital form, there is a massive concern about our data falling into the hands of others who misuse them.
Scams, malware, ransomware, etc., are increasing day by day, calling for foolproof data security. A cyber security expert can rule out any chances of data breach. Cyber security market is expected to reach $352.25 billion by 2026 and this makes launching a cyber security startup a good idea. Take a look at this mobile security checklist to keep your application safe.
Pro tip: “You need high coding proficiency to excel here.”
To attract the new crowd, we go where they spend most of their time. It was in front of a television a few years back, and now it's their phones. In this digital era, marketing has found new ways to attract potential customers.
If you are looking for a great tech startup idea, digital marketing is a great online business idea if you have the right creative team.
The introduction of Artificial Intelligence (AI) in the digital marketing world has improved the chances of getting personalised pitches to customers. Uber, Airbnb are all examples of companies that use AI to create marketing campaigns. AI also helped reduce work for people as they optimised the search results based on the need and capabilities of the customer.
Even with a massive opportunity for growth in the field, you have to be picky when hiring. Your team is what will determine the success of this promising idea. The creativity and innovative minds of the social media marketer are the critical catalysts for your growth in this industry.
The use of the internet has grown exponentially over the last few years. With the increased number of users, the data they upload and consume is humongous. A big data company analyses this data of the users for various purposes.
This data can be used to understand the marketing strategies to target the customers. Learn the likes and dislikes of the majority and devise a method for a specific set of potential customers.
Data analysis is required while doing software or app development to understand the customer. Social networking sites like Facebook use these data analytics to find people and suggest people you may know.
Machine learning software is optimised through data analysis. This improves the scope of robotics, automation, self-driving mechanisms, etc., where the machine learns to do its work through data analysis.
Pro tip: “Background in mathematics, economics, or finance is an added advantage.”
We all have demands; when we are hungry, we need food. While sitting on that comfy couch, we don't want to get up and go out to get it. Like a gift from God, we have Uber food delivery at your doorstep. That is a prime example of on-demand services.
We can get products and services just by searching online in the comfort of our homes. There are a lot of services ranging from food delivery to cleaning to choose from. The quality of the service you provide will determine your position in the market.
This is a highly competitive industry as many companies have established their place in the market. If you can give the customers what they desire at a reasonable price, there is always a market open for you.
Fintech or financial technology is aimed to remove the traditional financial services to an online service. PayPal is a fintech company that primarily deals with the transfer of funds. This is just the tip of the iceberg.
Fintech deals with digital lending credit, cryptocurrency transfers, trading, insurance, and so much more. Anything that deals with finances online is a part of Fintech. Digital wallets are now widely used and accepted. This eliminates the hassle of carrying money and keeping it safe and easy to give the exact change when needed.
The boom in the crypt world has increased the market for this service. As this deals with finances, you have to be careful with the security of the funds deposited by the people. Though it is a high-risk and expertise-required field, it has a future if you are up to the task.
Check out the 15 things you didn’t know about the Fintech Industry
The Covid-19 pandemic has created a sense of health awareness all around the globe. More people are inclined towards choosing a healthier lifestyle. Many apps and software are developed to help them through this journey.
We have seen considerable developments in the field of health. Many companies have profited from this pandemic with the help of their impeccable products and services. For tech startup ideas, you can always create an app that focuses on health and exercise. There is also an opportunity of creating new innovative machines that can replace traditional tools to give a more accurate service.
In health, people are also now more than ever inclined to clean energy sources like solar and electricity. Carbon footprint reduction is also a significant prospect for many companies. This is an upcoming trend and has the scope of high scalability if you have the right business plan.
Tesla is now dominating the electric car market, look for a way to tap into those renewable resources, and you will have yourself a successful business idea.
Incubators provide everything for a startup to thrive and grow - from workspace to funds. You can attract valuable talent if you have an ideal location to provide services for the new upcoming CEOs. You need to provide them with basic facilities like electricity, office space, internet connectivity, etc.
The main catch of this startup is that you wouldn't need to start big. You can start small and grow along the way.
During this pandemic, tourism had a downfall, but it is bouncing back more vital than ever, and you can get a piece of this action. Many people are coming forward with the urge to travel to new places but lack a clear idea of planning the trip with minimal expenditure.
With you providing them the perfect itinerary to travel, many will come for your services, and if you give them the whole package deal of accommodation and travel routes, you will have a decent startup in your hands.
Not only the travel enthusiasts but you could also attract business travel clients.
American Express Global Business Travel is one such example.
Drones are now used widely for surveillance, and now it has evolved into a sport of drone racing with colossal prize money up for grabs.
Professional drone racing requires custom-made drones, and you could start small with the expertise and scale it to good heights.
20. Freelance Work
Do you have exceptional skills sought by many?
If yes, then freelancing is the best way to sell your skills. Many companies require professionals to do work at a fast pace and with quality. With your skills, you can grab opportunities like those to create a way income for yourself without the pressure of a 9 to 5 job.
You can do your work in your own time and present them for an agreed remuneration. Many are registered on sites like Upwork, Fiverr, etc., where freelance work is available. The growth in social media has also contributed to the development of freelance workers.
21. 3D printing
The 3D printing industry is an underrated startup idea. From building houses to organs for transplantation, 3D printing is slowly introduced into many sectors and is growing day by day. The expenses of printing items have come down, and this is an excellent time to tap this emerging industry.
You have to keep in mind that even if you have a 3D printer, it will not be enough. You need to get expert knowledge before starting, and you have to do a bit of advertising to attract possible customers.
Bonus Infographic - Tech Business Ideas
22. Data Mining
The world is moving towards a data-driven economy. To make decisions on all spheres, a company needs information, and they depend on data to function smoothly.
Data mining is the process of finding patterns, correlations etc., from a vast set of data to predict outcomes. It is used to understand customer mentality, task allocation, risk reduction and many other factors that help run a business. As far as a tech startup idea is concerned data mining can be a promising field with the right resources.
23. SEO Agency
With most of the customer base turning to online methods, new companies are also trying to establish and reinforce online presence. Your company details need to show up at the top of the search engine to make that a reality. SEO specialists will help you achieve this.
SEO specialists help businesses optimise their online presence by making their online content more search-friendly. Content optimisation is just the tip of the iceberg; SEO specialists handle link building, analytics tracking and many more processes to help improve the page ranking of your website.
A business that wishes to create an impact on its customers needs a website that is unique and creative. If you have skills in designing and coding, web designing will prove to be fruitful for you.
An average customer constantly searches online as the first research mode before buying a product or service. If a company has a website with all the details in a professional fashion, it will help to increase the credibility of the company and acquire a reasonable conversion rate.
So the demand for a great web designing company is always present in the market.
Software requirements for each company are different. They need solutions for the particular problem they are facing at the moment. Software is required in different sections for the company like user interface, backend architecture, and so much more. Though it is an aged field, the growth rate in the industry is still strong.
If you are a skilled software developer, you can freelance your work or start a software development company. Starting your own business to create programs for the client specifications can be a highly profitable domain.
Mobile applications are a great tech startup idea in this era tech-driven era. There are thousands of apps in app stores. Developing your own apps or apps for clients is a great way to start a profitable business.
With a development team with specific skill sets, you can develop mobile apps using different technologies across platforms like Android, Apple etc.
The new data-centric world is flooding online platforms with customers' data. Companies need to be careful with the data they collect, and businesses need a safe backup system to gather and store data.
This is where a cloud-based service comes into play. If you can offer cloud technology to businesses and charge them based on the space they use this is a tech startup idea that can help you raise a profitable business. Companies are constantly on the lookout for cloud services, and with the proper software management, you can step in to help them.
Social media is a powerful tool to communicate to a wide audience. Many businesses need experts to manage it for them. Managing an active social media presence can help a business grow rapidly. If you know how to wield that social media sword properly, this is the right business for you.
Social media consultancy is not limited to businesses, many celebrities need to have an active social media presence. Even politicians require good social media experts to reach the people positively and not let them say things that will get them banned on Twitter.
29. UX Service
User Experience services or UX services are mainly involved in creating a stable interaction between the service user and products. This is an essential part of an online platform. The features you offer through UX services will help businesses increase their conversion rate.
If you have the knowledge and creativity in creating UX services, this field of business will help you on your road to success.
Live chat services are now popular among businesses. Customers require answers to their queries in real-time, and if you can manage to create a team that can deliver this service with quality, there is always a market present for you.
Customer engagement is an integral part of every business as it will help clear all the doubts of customers and get them to make a purchase.
31. Chatbot Creator
Chatbots are necessary for a business to filter queries that need human assistance. Creating chatbots for companies is an excellent business to start now as more and more businesses have online customers, and they need chatbots to handle that volume. With a chatbot, customer queries can be answered quickly and efficiently.
Website analytics help businesses perform better. The customer journey through a website is a goldmine of data for a company. They can analyse their problems and improve their functionality to improve customer experience. Ab web analytics service can tell businesses how they can turn cluttered customer data into growth opportunities.
33. Crypto Mining
Cryptocurrency has become a household term nowadays, and there are miners everywhere. With the boom of bitcoin, more and more cryptocurrencies have taken the main stage like Cardano, Etherium etc., with the right analytical knowledge setting up mines is a profitable venture.
Crypto mining takes up a lot of energy, especially bitcoin mining, so a sizeable initial capital might be spent to create the farms required for the mining process. If you have the resources at your disposal and a keen eye for the crypto market, you can mine a fortune.
Non-fungible tokens are cryptographic assets in the blockchain with unique identification codes. NFTs are profitable investments you can make; they are like unique pictures like the Mona Lisa, which you will have sole possession of.
Before you head into the NFT market, be sure to be well versed with the NFT market and its statistics before proceeding. Even though NFTs are rewarding, they are subjected to different market fluctuations. You can either build NFTs or invest in them based on your skillset and resources.
35. Meta Real Estate
With the introduction of the metaverse, new windows of opportunities are opening before us. Owning prime real estate properties and managing real estate in the metaverse is becoming a new normal. With proper research, you can create a profitable business out of it. Properties worth millions of dollars have been sold, and if you become a meta expert, you can get a piece of that action too.
There's no doubt a successful business does give you financial freedom. With the above list, I have presented you with some of the best tech startup ideas to build your business in 2022.
However, you need to know that everyone does have some ideas. Even though ideas are great, it alone could never build a successful startup.
Your priority is to determine whether the idea you have within you is a scalable one. If so, you need to hire the right app developers to successfully develop your product. Always remember, it's not an easy task to run a tech startup company, so don't refrain from asking for help. Having a tech partner like NeoITO can guide you in this journey.
We helped many startups build their businesses from scratch and guide them by giving free startup product development consultations. Most importantly, we helped them achieve financial freedom by developing their idea into a business model.
Now you have some amazing and promising tech startup ideas. Want to learn more about if you’re really ready to convert your ideas into a business? Then check out our expert take on great signs you're ready to start your own business which will help you take the next big step!