What Are The 5 Opportunities For Tech Startups In 2021?

  • 28th Dec'20
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Many new budding entrepreneurs with great start-up ideas are coming up. And despite the pandemic, the tech industry is still paving its way to bring the future. However, many tech startups are adapting to the current crisis and making their way out to great excellence.

When it comes to serving fresh new products, tech industries are still dominating the market while adapting the new normal, work from home. With an increment in work from home culture, there is a great demand for digital security and storage backup software. Therefore it is very obvious that the tech industry is playing an essential role nowadays. Along with the increasing demand for the tech industry, it has also faced a backlog as of any other business sector in this covid pandemic.

It is very well known that 2020 has been a rollercoaster for start-ups, but this year some great start-up trends have come forward which seems to keep continuing in 2021 as well.

There are some great examples of tech start-ups that are now popular worldwide. Some of them are Instagram, Uber, and Airbnb that have also given opportunities to other start-ups and small businesses.

 What Are The 5 Opportunities For Tech Startups In 2021?

 

So here we have some of the latest tech start-up trends listed for you:

  1. Artificial Intelligence

Artificial Intelligence has been in demand in the tech industry for a while now. And in 2021, it will continue as the demand is increasing with each day. In this entire pandemic, the amount of data collected is huge. With so much going on in the world, there was a rapid flow of information that needs to be collected and analyzed. But with the help of the increased efficiency AL technology offers, we were able to manage it.

  1. Enhanced Connectivity

With rapid development in technology, there is also an enhancement in Internet speed. Therefore, a faster and stable internet connection has opened the doors for many more innovations. Moreover, enhancement in Internet connectivity means there is a  great possibility now for your company or start-up to grow, as now everything is based on the Internet.

 

With all these technological advancements in 2020, 2021 will surely be an interesting year for the tech industry. However, it is not very certain what the future of the tech industry will look like, but all we can do is to keep moving forward with all the tech industry advancements.

We are all very well aware of the fact that not only the business sector but also the other sectors have been affected a lot, with the huge shift to online working, shopping, socializing and more. 

So here we have mentioned some of the 5 points and trends that you need to keep in your mind while starting-up with something new in the year 2021:

  1. Remote Working

This is one of the most obvious things that we need to look into, seeing the present scenario. Remote working is something that every person would have come across this year. There are certain things in the remote working segment that still needs growth. In 2020, the majority of the companies switched to remote working, but still many problems were reported.

In it, Security also came up as a major issue which a big drawback. In spite of these issues, remote working will still be preferred the most and there will be more growth in 2020.

  1. Start-ups using 5G network

In the world of digitalization, there is and will be a great demand for good network connectivity. And there is no doubt that this increasing demand resulted in the advancement of the 5G network, as for better connectivity we need a good network.

Advancement in network and connectivity will make new start-ups affordable as there will be less requirement of offices as there is a new trend of work-from-home in the market.

  1. Online Education

Online education has also had a huge growth in recent months. However, there wasn’t much positive response but seeing the current situation it seems like this is going to continue in the near future as well. Online education has a huge opportunity in the market with schools, colleges, and coaching centers conducting their online classes via video conferencing. It could be predicted that this will continue in 2021 and beyond.

  1. Robotic Delivery

Robotic delivery wasn’t appreciated much due to the lack of willingness to adopt the technology. It is more complicated and expensive as compared to humans for delivery. But the year 2020 has totally changed this perspective and this is going to be one of the most important focuses to come in 2021 and beyond.

  1. Virtual and Telehealth Care

Healthcare facilities are also emerging virtually now. However, it is proven that 80% of primary care services can be delivered virtually. It is reported that telehealth visit has increased by 50% over pre-pandemic levels.

 

These were some of the start-up trends that have already taken up in 2020 and will grow tremendously in 2021. The year 2021 is going to be an exciting year for start-up developments and we have great opportunities in the coming few years.

Sources/References:

*Note: The content published above was made in collaboration with our members.

About the author:

Divya Swaraj, OpenGrowth Content Team

A young energetic person, dedicated to the cause of my work.


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