15 future business opportunities that will take the world by storm
15 future business opportunities that will take the world by storm
The world changes quickly, and the businesses that will be successful in the future aren’t always obvious at first glance. Some of these businesses may seem strange or difficult to get started, but they represent opportunities you shouldn’t pass up if you want to invest your time wisely.
Here are 15 future business ideas worth considering now .
1) Food delivery
Food delivery is a concept that has been around for a while, but it’s only recently become widespread. The idea is simple: instead of cooking a meal and then having to clean up after you’re done, you order food from a restaurant or grocery store and have it delivered to your door.
There are many benefits to this style of eating. It can be cheaper than eating at restaurants because you don’t need to pay for service (and tips). You also don’t need to leave your house if you’re not feeling well, or if it’s raining out. And even if you do feel well enough to go out in public, ordering delivery might be easier on your wallet–especially if there are kids involved.
2) Electric cars
Electric cars are a growing industry with more and more companies investing in them. The number of electric cars on the roads is expected to increase from 1.2 million to 4.6 million globally between 2015 and 2020. In China, there were over 200,000 electric cars in 2014, which was up from just 2,500 in 2011. One of the most popular models is the Nissan Leaf, which has been on sale since 2010 and had sold over 125,000 units by 2015. This shows how much potential this market has to grow as many people look for environmentally friendly alternatives to fuel their vehicles with.
3) Virtual reality
Virtual reality is currently being used for fitness, military training, and even video games. It’s also been used in therapy to help people with PTSD and phobias. One of the most exciting developments in VR is a company called Cerevrum which is creating a platform to use for corporate training and education.
Virtual reality seems like it could be a huge opportunity because it’s so new, but there are still some challenges to overcome before it becomes mainstream.
4) Personalized medicine
Personalized medicine is a type of health care where each patient’s treatment plan is tailored to their individual genetic makeup. It has potential for significant clinical and commercial success, but many questions still remain about how to make personalized medicine as efficient and affordable as possible. In order to get personalized medicine into practice, researchers need to figure out how best to identify which treatments work for which patients, before they experience any side effects or adverse reactions. The FDA predicts that personalized medicine could represent 30% of all new drugs on the market.
5) Home automation
Home automation is an industry with a high level of investment and a bright future. The International Data Corporation predicts a compound annual growth rate of 7.2% from now until 2020, which means it’s only going to get bigger.
There are plenty of products out there for you to invest in now if you want your house to become more high-tech, but keep in mind that this is just one option for building your own home-based business.
You can always branch out into other industries if this one doesn’t suit you!
- Home Automation
- Security Cameras
- Home Organizers
- Lawn Care Services
- Handyman Services
- House Sitting Services
- House Cleaning Services
6) Wearable technology
Wearable technology is one of the hottest trends in recent years. Just a few decades ago, we relied on our phones and computers to tell us the time. Now we can carry a watch or bracelet with us everywhere to keep track of hours, minutes and seconds.
Plus, these devices have other useful features like GPS tracking and heart rate monitors. They can also be used to store important information like medical records so they’re always with you. And it’s not just watches and bracelets–think about how much you could do with glasses or contacts!
This burgeoning industry has shown itself to be hugely profitable for companies who invest in smart technologies for everyday wearables like smart glasses, fitness bands and smart clothing.
7) Internet of Things
The Internet of Things (IoT) is a new, emerging field. It’s an internet-based system consisting of electronic devices with embedded sensors. These devices are able to collect and exchange data without human intervention.
IoT brings companies closer to their customers and provides new ways for them to interact with people in the physical world.
The IoT has many different applications in the business world: from smart homes and smart cities, to healthcare and education, to manufacturing plants and warehouse operations – just about every industry can benefit from this technology!
The power of IoT lies in its ability to connect physical objects to each other – as well as connect these objects with software systems like ERP, CRM or SCM.
8) Big data
Big data is a phrase used to describe the massive amounts of information we generate in a day. It’s predicted to grow 273.4 USD billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period.
Big data is changing the way companies do their research and development, advertising, and marketing. Data scientists are some of the most in-demand professionals right now with an average salary of $120,000 per year.
9) Cloud computing
Cloud computing is one of the fastest growing industries in recent years, and it’s only getting bigger. With a cloud-based computing system, your company can store data and information on remote servers rather than on individual computers. This saves time and money because you don’t need to purchase as many expensive new machines, or pay for data storage space.
You also have access to virtually unlimited storage space and processing power, so your business can grow without worrying about ever running out of room! It’s also more secure because data is stored in encrypted form on remote servers. With cloud computing there are no longer any limits to how big your company can become!
10) 3D printing
3D printing is a type of additive manufacturing which creates three-dimensional solid objects from digital models. It is also called additive manufacturing or rapid prototyping. The technology is primarily used for prototyping, but it can be used to produce small quantities of products such as jewelry and art.
Objects are created layer-by-layer, with each layer following the one below it until the object is complete. In contrast to traditional machining methods such as turning or milling, 3D printing does not require tools. This means that any shape can be formed without having to cut away excess material from a solid block of material.
3D printers can print almost anything you want in any color imaginable using a variety of materials including plastic, metal and ceramic clay.
We are in a time where technological advancement is quickly making many jobs obsolete. One of the most recent and fastest growing advances is robotics. In just a few years, we have seen more people leave their jobs for positions as robot operators. It’s estimated that within 10 years half of all manufacturing tasks will be completed by robots. This new technology has led to tons of different types of advancements within robotics companies such as 3D printing, artificial intelligence and even self-driving cars!
With so many new innovations happening every day it’s hard to predict what is going to happen next with this industry, but one thing is for sure, these advancements are only going to grow and change everything we know about how we live our lives and interact with one another.
12) Space Travel
There are a number of companies who are working on different aspects of space travel. There is Virgin Galactic, SpaceX, and Blue Origin who are each working on getting people into space in their own way.
With these companies all competing to be the first to offer space tourism, it’s only a matter of time before one succeeds and brings humanity closer to exploring other planets. Meanwhile, aerospace engineering company Lockheed Martin has been making progress towards creating a fusion reactor that would power spacecrafts while they’re in orbit around Earth.
It remains to be seen whether any of these plans will actually come to fruition but with so many people investing time and money into these projects it seems inevitable that someone will make it happen eventually.
13) Cyber Security
As technology becomes more and more ubiquitous, cybersecurity becomes increasingly important. There are many different types of cybersecurity jobs such as cyber analysts, who track down hackers to identify their methods and motivations; computer forensic specialists, who retrieve digital evidence from computers and mobile devices in order to identify suspects; information security analysts, who design systems to protect networks from outside attack; penetration testers, who try to hack into networks or systems as a test of their security; software developers/analysts, who create new applications or improve existing ones with new features and functions.
14) Fitness Technology
The fitness industry has been growing steadily for years, and it shows no signs of slowing down. As people become more and more conscious of their health and fitness, they are looking to new technological innovations to help them stay motivated. Although some devices are already on the market (such as Fitbit), there is still a huge opportunity for creative entrepreneurs to create new types of products that integrate all aspects of fitness into one. The key is to find a way to make these products affordable and easy-to-use so they can be accessible to everyone.
15) Artificial Intelligence
Artificial Intelligence is the next frontier of technology. It is a rapidly growing field with countless applications and many startups. Artificial intelligence can improve everything from customer service to self-driving cars, and it’s only going to get more prevalent in our lives as time goes on.
Artificial Intelligence is one of those fields where investing now can pay off in spades down the road. As it becomes more ubiquitous, not having an AI edge over your competitors might be enough to drive them out of business altogether. There are a number of companies working on AI today, but they all have different focuses. Some focus on machine learning algorithms, others specialize in data mining or deep learning techniques such as neural networks.
Kindly share in your comment what technology you like the most.