If you’re looking to start a high-earning business, you’ve probably looked into some tech startup ideas. Why wouldn’t you do it? According to CompTIA, the technology industry generated $1.8 trillion in economic output in 2019, accounting for more than 10% of the national economy. In addition, the average successful startup exit (through acquisition or IPO) has been $242.9 million since 2007.
However, there are hundreds, if not thousands, of failed startups for every successful startup exit. So, if you’re a tech entrepreneur looking to make a name for yourself, you’ll need to start with a solid tech startup idea.
In an industry defined by innovation and disruption, what constitutes a “good” tech startup idea is constantly changing. As a result, we’ve put together a list of tech startup ideas that are expected to grow rapidly in the coming years.
What is a Technology Startup Company?
Tech companies provide products and services that can be used in a variety of industries, but their main focus is on technological research, development, and distribution. It includes businesses that make electronics (like Apple), develop software (like Salesforce), and provide information technology services (such as Google).
The best part about our technology business ideas is that they don’t require a lot of capital — you can start small and scale up over time.
However, you will need some technical knowledge to successfully start a business in the industry. Consider enrolling in a coding bootcamp if you have no prior technical experience.
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