In recent years, the world has experienced an economic recession. As a consequence, several industries have been unable to expand their business growth plans. Fortunately, there are some sectors that are able to maintain constant revenue growth despite setbacks caused by economic shocks. Despite economic problems (such as the 2008 recession), technology is still making inroads into new technologies that make them more accessible to consumers. Certain industries are showing more promise than ever before. They will continue to grow in popularity as they cater to consumer demands and labor shortages in commercial areas.
1. Food Delivery Services
Over the years, the food delivery industry has been growing at a rapid pace, and there are many reasons for such growth. The primary factor is due to an increase in the preference for restaurant delivery services and also due to an increase in the number of people; as it’s almost impossible to book seats at restaurants during rush hours!
Even though the economy is rapidly changing, one thing will not and that’s people needing to get stuff. With startup ideas where you’re delivering food or any other eCommerce stuff for that matter; you’re all set! Especially, With the increasing demand for wholesome food and food delivery services, the industry alone is estimated to expand to $10.26 billion by 2028 with an exceptional growth rate of 13 percent every year.
2. Artificial Intelligence (AI)
The world is becoming increasingly digitized. As such, it has become more complicated and challenging to navigate the digital space. This is where artificial intelligence comes in for optimizing that process; which means we might observe a staggering growth in the sector in the coming years.
According to a new study by venture capitalist firm CB Insights, AI startups are expected to create over 33 million jobs by 2022. Although this may seem like an impossible number, there are many successful AI companies that can use the technology across multiple industries. As the number of startups increases, so too does the amount of diversity among them. The main industries for AI startups are healthcare, business, and entertainment.
3. Financial Technology
Financial technology, or fintech, has come a long way. Just look at how these new technologies have grown over the years, and you’ll see that it’s an incredible market to be in right now.
The next fastest growing startup industry by 2022, fintech’s whopping 20% growth rate will be welcome news for tech experts as the value of this sector is expected to increase at a faster rate than any other industry on this list. Imagine a future where financial transactions are automated and a simple chat or text message eliminates the need for expensive middlemen. It’s happening now, with the help of financial technology startups.
4. Shared Mobility
Concepts of shared mobility are no longer new and only limited to the transportation sector. With the advancement in technology, the concept has been expanded to almost every other field from medical facilities to agricultural sectors, and so on.
The amount of startups that have emerged in the shared mobility sector is quite dazzling. The global shared mobility market will be worth a massive $260 billion by 2024. The top industries for startups will be ride-sharing, bike-sharing, ride-hailing, and car-sharing.
With the unprecedented growth of this particular sector, we are building a future wherein travel is more affordable, safer, and sustainable.
In this Adesh chaurasia news, we have discussed some of the most promising startup industries in this year. A startup is about having an idea that you want to sell for your own benefit and for the benefit of people. If your purpose is clear in your mind, you can enter any industry and make a good startup. A startup entrepreneur has to do a lot of research to get insights into the best industry to invest in. There are many industries out there and it is important to give preference to which industries would survive as well.
Looking forward to the future, we think that startups will become even more present in society. Even though they all do not become reality, there are still many tech-related startups being developed and businesses will not stop being innovative and creative. In this case, many industries including education, health care, and business will be searched for on the internet and people will seek better ways of living or dealing with their problems. This is also an opportunity for businesses to generate new strategies of business; make sure to utilize this opportunity to the fullest!