Founding
and growing business take guts and zeal to handle ups and downs while moving
different paths of entrepreneurship. In today’s aeon startups pop up every day
all around the globe, hoping to get acquired by a larger company. However,
there are thousands of which fall into the dimness, which is why startups
valued at a billion dollars referred to as “unicorns”.
So
if you’re thinking about starting up your own business in 2019, here are the
top most industries you should be looking into. The below-mentioned industries
are most likely to take off.
Micro-mobility:-
Micro-mobility
is the latest rebellion in urban transportation and it is creating a huge
opportunity for startups that manufacture electric bikes, scooters, and
skateboards. According to the United Nations Department of Economic and Social
Affairs, “micro-mobility products will gain popularity as an alternative to
traditional ground transportation and mass transit”.
Today, 55% of the world’s population lives in urban areas, a
proportion that is expected to increase to 68% by 2050. Therefore car trips could benefit from micro-mobility
solutions.
Why it’s trendy?
E-bikes,
E-skateboards, and E-scooters are convenient and fun. On the basis of Ford’s
acquisition of e-scooter, startup Spin reported $100 million in November 2018
and has increased awareness of the Micro mobility industry all around the world.
Skills needed:
- Micro Mobility entrepreneurs will need to keep their eyes on the latest technological advances.
- E-bikes manufacturing companies will have to build software/mobile apps to track them and to manage a subscription service.
Barriers to entry:
- Building micro Mobility Enterprise Solutions at scale will require a convincing capital investment.
- E-scooters and e-bikes are illegal in some states
Competition:
Business consulting firm Frost & Sullivan expects to be
launched more than 150 micro mobility vehicles by 2020. Smart-mobility
companies Bird and Lime have
been expanding their feet in more than 100 cities.
Growth:
- According to CB Insights Global investors put $3.7 billion into e-scooter and e-bike during the first 10 months of 2018, up from $2.8 billion in all of 2017
- According to Navigant Research, global e-bike revenues are expected to grow to $24.3 billion by 2025.
Digital Therapeutics:-
These days digital therapeutics has made eye-opening progress by
encouraging patients to stick to the diet and help them to join drug intake
regimes. For sure, after reading this, you might be thinking that it sounds
like a mHealth app and there are already thousands of mHealth
mobile app development solutions are
available in the market than why therapeutics app?
Your answer is here, https://www.consagous.com/blog/digital-therapeutics-the-newbie-of-the-mobile-app-economy/
Why it’s hot:
- It can address complex medical needs across a wide range of conditions.
- Products on the market or software programs to improve asthma and COPD.
- Digital therapeutics acts as a supplement to outpatient treatment for substance abuse, depression, and pediatric ADHD.
Skills
needed:
Mobile
app developers will need to be able to create custom
mobile application solution ranging from Enterprise Mobility Applications to
interactive digital games and to navigate the healthcare industry’s regulatory
environment.
Barriers to entry:
- There are significant hurdles in digital therapeutics industry.
- When doctors prescribe digital therapeutics, patients cross check whether insurers will cover these treatments or not.
There
is also unpredictability about how to price digital therapy wearable app
development services.
Competition:
The
U.S. Food and Drug Administration has approved nearly 30 digital therapeutic
mobile apps in 2018. Click Therapeutics recently raised $17 million form Pharma
giant Sanofi and has been helping the physician to treat patients suffering
from depression and help people quit smoking.
Growth:
According
to business consulting firm Frost & Sullivan, the U.S. digital market of
therapeutics was valued at $889 million in 2017 and is expected to touch $4.42
billion by 2023.
Baby
Tech:-
The demand for custom app development services is now stretching
to a more vulnerable population i.e. babies. Today mobile
app development services companies are creating amazing solutions for fertility tracking,
breastfeeding, and even getting infants to sleep.
Startups
in this industry are coming with more latest and robust solutions so if you are
looking for new ideas for your startup than this could be your startup idea.
Why it’s hot:
As
now technologies are easily accessible to anyone, so it’s become easy to
integrate new technologies into every product. Additionally, there’s been a
demand for mobility solutions in the development that help people get pregnant
and track fertility.
Skills needed:
- Mobile application service provider company must understand their target audience and what they can offer to them.
- Understand both technical skills and marketing expertise.
Barriers to entry:
- According to Gilbert for baby tech products, funding may be the barrier. Startups in the industry have yet to draw a large amount of venture capital.
- In order to survive in this industry, companies should constantly modify their existing products in order to build long-term relationships with the users.
The competition:
Competition
in this field is modest, but there are many different areas within baby care
that companies can target.
Willow
is a top player of this industry, the maker of a hands-free breast pump; an
ovulation tracking bracelet and smart scale producer Hatch Baby.
Growth:
According
to the IBISWorld, the U.S. online baby product market is continuing to grow and
reach revenues of $9.7 billion by 2022.
Summing Up
These
are the most emerging industries which are mushrooming all around the world.
Entrepreneurs in these industries are also receiving a good response from users
or target audience. So you can also involve these industries into your target
list in which you want to
Start a Business in 2019. Still confused don’t worry our experts
are just a call away.
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