The world is moving fast and is, accordingly, shifting the tides of contemporary business. The future is near; the forward-thinkers are already looking ahead to upcoming trends and brewing up new business ideas to create a mark. The business landscape is cultivating various business opportunities in different sectors that we will be analyzing today.
However, COVID-19 has presented us with the challenges, changing the way the world has done business to date. We are living in strange times amid the pandemic with layoffs, recession, rising unemployment, businesses shutting down and much more.
But these tragedies have brought some opportunities – the future business trends.
We have examined the opportunity, potential investment and the first step for each business idea to provide you with the best business ideas of tomorrow. With this, we have prepared a list of 30 best business ideas displaying signs of success in 2020-2030.
Outsourcing Services
Current outsourcing model covers services offered by people who are further supported by tools. The future is automation; hence it is expected that the futuristic outsourcing framework will encompass services offered by digitally automated tools and the role of people might be reduced to only take notes of how these tools operate. The Post-pandemic time will harness many transitions in the outsourcing sector- with demands rising for various outsourcing practices like monitoring WFH (Work from Home) workforce, including disaster prevention strategies, adopting future-driven technology, focusing on security concern and many others.
India sits on the top of the World’s outsourcing destinations, hence you might consider giving it some thinking. High operating costs in developed countries like the USA, Australia pushes their companies to look out for outsourcing partners in the developing countries.
Setting up an outsourcing agency will, for sure, reap huge profits for you. You can definitely count upon this business idea.
Electric Re-charging Centers/Stations
Big Automobile players are already testing the waters for their electric vehicles. Electric cars, bikes are catching the attention of the whole world. Same could be considered for electric charging stations. As the market is getting used to the taste of electric vehicle, the business idea of electric vehicle charging stations still feels to be alien.
By working on the concept of fuel stations, one can dive into this fresh category and could expand his/her business geographically.
3D Printing Industry
The 3-D printing industry has listed itself as one of the most profitable businesses of the present time. And the trend will only see heights in the coming years. 3-D Printing is accountable to create products, even from the comfort of one’s home. The industry is raw; it’s in the need of transformations. Keeping this in mind, one can get into the manufacturing of techno-advanced 3-D printers or you can invest in opening a 3-D printing store, where people can come and pay you for using the 3-D Printers.
Much easier to start your new venture.
Internet of things (IoT) industry
Internet of things (IoT) is all about increasing and harnessing the power of the internet beyond devices to a varied range of other things, including people, processes and environment. It is simple; sending and receiving data from almost every object around us. The most common example is Ola or Uber ride services. According to Mckinsey, IOT will have potential growth and impact at $ 11.1 Trillion on the economy by 2025.
The Indian Government has been providing considerable support for the development and futuristic innovation in the IoT Industry. Try your luck here!
Co-working spaces
Workspaces are taking a new shape – co-working space. High maintenance costs, mounting rental costs, are pushing small businesses, especially start-ups to get their own offices. Co-working spaces not only solves the pocket burden, but they also let people from different industry connect and communicate. If you own a commercial space, then count upon this business idea among best Business Ideas for the future.
Home-sharing
Ever since Brian Chesky, Joe Gebbia, and Nathan Blecharczyk co-founded world-first home-sharing brand, Airbnb in 2008, San Francisco, people throughout the globe are choosing the home space for their vacations over hotels and resorts. A larger area, more privacy and security, amenities to choose from and above all, comfort is what the home-sharing space offer.
So, if you have any side property, it is better to turn that place into a money mine rather than being a host to home-insects and weeds. For standing above from the rest, you can also arrange local tours as a value-added service.
Robotics–From machinery to Rentals and Repairs
Under the guidance of humans, robots are already handling several industrial responsibilities- from manufacturing to packaging and storing. Robots are serving in hotels, military, healthcare and other automation sectors as well. Summing it up, the future is robots. The world robot population is growing, with an estimated 13 million robots by the end of next year, according to IFR World Robotics. Many big names are investing their efforts and money in robots manufacturing, leaving their maintenance and repair untouched. Robotic repairs and maintenance are one of the most prominent future business opportunities, alongside with robotic rentals, outlets and other affiliated sectors to the robotics industry.
Are you one of those future-ready entrepreneurs who are ready to jump on this opportunity?
Renewable and Clean Energy – solar, wind and water
There is a growing call for renewable energy sources due to climate change. Today, the renewable sector has become one of the fastest-growing business opportunities. One of the latest trends in renewable energy is wind energy. It is here to stay for decades. One could set up a wind farm and start green energy entrepreneurial journey.
On the other hand, Solar power in India is one of the fast-developing industries. On June 30, 2020, the country has achieved the solar power installed capacity of 35.122 GW, indicating a rise of approx. 6GW per year.
These are the top-pickers to look at if you are ready to invest in one of the Best Business Ideasfuture business ideas.
Care Services- for elders and children
According to Data Bridge Market Research, the global elderly care market is growing at a healthy CAGR during the forecast period of 2018 to 2025. Evolving family patterns, the societal transformation has called out the trend of elderly and child care services. Care services are expected to grow multifold as the world ages. Care service providers diminish the concerns of working people related to the care of their old parents and young children. You can either open a daycare centre for elders, children, both or else, can provide at-home care services. As a new industry for developing nations like India, personalized care services could bear fruits of success in the coming years.
Cybersecurity
With the digital economy pacing up, security has become an instrumental aspect to keep businesses running efficiently and smoothly. Remember the DDoS attack on Amazon Web Services in February 2020? The attack lasted for three days and peaked at an astounding 2.3 terabytes per second. DDoS attacks disrupt the traffic flowing to your computer server or network and makes your services digitally unavailable. A costly affair, DDoS attacks are beyond repairing, hence making way for DDoS cyber-attack prevention security companies to come under the spotlight. The DDoS protection and mitigation market expects to hit $9.10 billion by 2025.
The perfect time to jump in!
Inventory Management Services for E-Commerce
Inventory management involves the process of ordering, storing and utilization of the raw materials needed during manufacturing and the process of monitoring and controlling the final product that is ready for sale. The ECommerce industry is accelerating at ultrasonic speed along with the demand for affiliated services – from warehousing to distribution and much more. Although this business idea calls for large-scale investment and functioning; it could be a valuable fortune.
