Tech startups can succeed with the right idea and the skills to start a company because technology is pervasive in our lives. Tech startup ideas usually begin with a problem and a profitable, creative, technological solution. With the 48 best tech startup ideas in 2023, find your startup idea.
What are the business ideas based on technology?
It’s exciting that tech isn’t just software and apps. Tech startup ideas are promising as new technology permeates our lives. Startups that could change the world can be created by combining industry knowledge with digital savvy.
We’ve collected the most exciting business ideas for tech startups.
Phil Strazzulla, the founder of HR software company SelectSoftware, recommends first. “Companies like Beyond Meat are just the beginning of businesses engineering eco-friendly and healthy food that is as delicious as our current diet,” Strazzulla predicts. The science is there, and the market for next-generation food is trillions of dollars and growing as fast as the world’s population.”
Website design is a timeless tech business. Every business needs a professional-looking website to build credibility and brand.
Web design includes graphics, interface, copywriting, UX, and SEO services. IBISWorld reports that the web design industry has grown 6.6% over the past five years and generated $38 billion in revenue in 2019, indicating a long-term market for this tech business idea.
Extended reality includes AR and VR. NetBooks News editor Kenny Trinh expects augmented reality technology to grow.
Trinh predicts that in 2020, more companies will use extended reality to differentiate themselves and improve customer service. “Yes, some businesses have.”
According to Trinh, w-in-a-Box, an eco-friendly water packaging company, uses AR to demonstrate its benefits.
Robotics covers mechanical engineering, electronic engineering, information engineering, computer science, and other fields. Robotics creates moving, sensing machines. Statista predicts this industry will grow from $80 billion in 2019 to over $200 billion in 2025.
Customer experience management
NuLeaf’s VP of operations, Ian Kelly, thinks ZenDesk will replace CRMs.
“While a CRM can help you manage customer details, a CXM unifies all sales, marketing, and customer service conversations into a single silo so that your customers are treated like the loyal fan base they are,” says Kelly. “No more hitting your customer over the head with repeat promos, selling them on services/products they already have, or letting them slip through the cracks when they’ve bought and never been properly onboarded.”
Influencer marketing, enabled by Instagram, involves endorsements and product placements from experts or social influencers in their fields. If you have charisma and unique knowledge, you can start a business by building a social media following and hiring an influencer marketing agency to connect you with brands.
You can also start a business matching brands with relevant influencers.
Gleb Myrko, an analyst at Freedonia Group, believes content automation software offers tech entrepreneurs a great opportunity as content and social media become increasingly important in businesses’ marketing plans.
Businesses today use Instagram, Facebook, TikTok, and others. Myrko says content planning, production, account management, and analytics vary for each channel. “The most popular social media still lacks an omnichannel management, promotion, and analytics tool. We need an all-in-one hub where marketers can analyze data/performance, manage, and promote their social media accounts more centrally, conveniently, and effectively.”
Artificial intelligence includes machine learning, computer vision, natural language processing, and more. As artificial intelligence advances, its market potential grows.
According to Statista, the industry grew 154% in 2019.
Podcasts have become increasingly popular if you’ve been following content trends. 51% of Americans have listened to a podcast, and podcaster Dre Baldwin expects podcasting to grow.
Baldwin advises entrepreneurs to build their podcast content library immediately. Audiobooks and podcasts are leading the mobile media trend. Any entrepreneur or business entity seeking consumer attention must be in their ears.”
Netflix and Disney+ dominate streaming services, but niche content streaming services can thrive. You can create a streaming service for instructional videos or children’s content. You could create a Twitch-like live streaming or music streaming platform (like Spotify).
Globally, streaming services are optimistic. 2019 streaming revenue was $25 billion. Statista predicts $30 billion by 2025.
3D printing from a computer-aided design model is one of the most exciting technologies of the 2010s. As 3D printing technology advances, TechLoris CEO Shayne Sherman predicts its growing importance in the coming decade.
Sherman says that production companies will always be needed, but 3D printing has changed production like the assembly line. “The ability to manufacture whole components in one piece has created heavy demand, especially in medical fields. This demand means 3D printing companies will grow exponentially, so if you can get in, it’s a good choice for the future.”
E-commerce, another mature technology, has growth potential. E-commerce sales rose from $500 billion to nearly $550 billion last year, according to Statista.
Launch an e-commerce store from home if you have a unique idea. No item? Dropshipping lets you start an e-commerce business without warehousing or shipping products.
Develop your own e-commerce platform or marketplace to gain market share. Remember that Shopify and Amazon dominate the e-commerce platform space. Thus, niche markets are best for e-commerce startups.
Nowadays, we carry our phones everywhere, but having them die on us is still too familiar. That’s propelling portable phone charging.
From 2017 to 2022, BCC Research expects the mobile charging device market to grow 6.6% annually. Newer phone models’ lower battery capacities drive growth.
“Growing urbanization, rising disposable income, and increasing mobile phone penetration will boost the global mobile charger market,” says report author Mohammed Javed. The mobile charger market will grow as high-specification electronic gadgets/devices drain batteries faster.
E-books are digital books. Online books are growing in popularity. Businesses and aspiring fiction and nonfiction authors publish e-books to market their brands and increase readership.
E-book sales reached $1.3 billion in 2019, and Statista predicts $1.6 billion by 2024.
Fitness uses technology. Fitbit, Peloton, and Strava have revolutionized exercise, and more are coming. United Capital Source Inc. founder Jared Weitz agrees.
Fitness technology grows. Weitz says the market is always looking for new gear and technology. “This niche is expanding from tangible fitness products to apps and data that combine physical and digital. Combine a high-tech device with an exercise or diet app to succeed in 2020 and beyond.”