The Top Software Ideas for New Businesses
Technology is perhaps one of the best things to have happened to mankind in the last century. We now have automation available on the tips of our fingers and are connected to each other through online social websites, ecommerce platforms, and software solutions for literally everything.
The rapid pace of tech adoption means that there is an increasing demand for software technologies and solutions. The United States alone is expected to see some 70,000 new startups in the year 2022, and all of them are excited to gear up and make solid progress.
The global software market is a huge 430 billion USD industry and is growing forward. The rising stakes present an exciting opportunity for entrepreneurs to milk the proverbial cow and benefit from the stakes on offer.
Building your own software and marketing it is an amazing opportunity right now, but before you do so, you need to have the best product and service with you.
In this article, we take a look at the top software ideas for new startups and businesses. These ideas are relatively new, and provide amazing growth potential for all organizations. Stick with us to learn more.
Ticket Management Solution
Creating and selling a decent ticket management solution is a good idea to generate sales opportunities and target new markets. The ticket management solution can be implemented across parks, theaters, restaurants, stadiums, and a number of other places.
A startup offering ticket management can link customers with the organization selling tickets to create synergy between all stakeholders. The increased adoption of TMS solutions is a hit with event organizers today, as it helps them keep track of tickets, sell more, and minimize fraud.
Read: Building Customized Online Ticketing Platform
Customer Relationship Management Software
Customer relationship management or CRM oversees all relationships between all current and potential customers. A CRM solution is a highly profitable business idea because it gives organizations an opportunity to track current consumer behavior and make predictions for the future.
The CRM market is expected to grow to almost 100 billion dollars by the year 2028. A good CRM solution should be able to provide:
- Improved customer solutions
- Detailed behavioral analysis of all customers
- Sales automation to generate reports and insights
- Better sales results
- Access to important data
Project Management Software
Many organizations are moving towards remote work solutions and need project management software to streamline their operations and get the best possible service standard.
A number of organizations like Airbnb and Facebook have gone completely remote and have come up with employee management and project management solutions to provide a collaboration tool for employees as they move towards other options.
A number of people are opting for WFH solutions, and organizations recognize the need to meet this requirement. In consideration of this, entrepreneurs can market project management software solutions such as Jira by Atlassian. The software helps manage employee workload and improves work efficiency during the WFH model.
A project management software can:
- Improve overall team communication and collaboration
- Improve efficiency while promoting productivity at home
- And be cost-efficient in nature.
The amalgam of tech with automation is seriously taking the world by storm. Medical software solutions are growing in stature and the worldwide market for all such solutions has crossed 11 billion USD. The current demand for software integration in the medical industry requires solutions such as:
- Maintaining the records of all treatments and patients in one place.
- Managing the results from new AI integrations and telemedicine solutions.
- Tech solutions for managing the workload of employees in the workplace. The solution will enable organizations, including hospitals, to monitor employee workload and distribute it evenly.
- Tech solutions to ensure collaboration between testing, monitoring, and care departments.
These healthcare software solutions are in great demand and will improve the lives of all consultants and patients. Additionally, the solution will also save time for organizations while they are managing patient data.
Credit Card App
The average American has some 3 credit cards, with over 1 billion credit cards in total across the United States. Managing each credit card on its own can be a complicated problem, which most employees find hard to manage.
You can solve this problem through a software solution that assists employees in paying their credit card dues in one platform. The solution will need prior research and a lot of thinking to succeed. Make sure that you plan accordingly and invest the time and money required for your plan to succeed.
Creating software to manage finances is in high demand. The fintech industry is an amalgam of finance and technology and is valued at 150 billion USD. The staggering stakes allow entrepreneurs to get a share of the pie if they can create and market a successful money management solution.
Online wallets, money management tools, wire transfers, and day-to-day finance management platforms are all in great demand today. You can combine two or more of these services to offer a good software to the masses.
Read Case Study – Online financial calculators and Investment Predictor
NFTs or non-fungible tokens, are growing in popularity and are estimated to be valued at over 10 billion USD within a couple of years. The speed of growth provides multiple business opportunities for organizations to cash on.
You can create a NFT solution that allows users to track their NFTs, and can even act as a marketplace. Marketplaces like OpenSea are growing in popularity.
The software solutions mentioned in this article are top of notch, and will help you start your business and work on a killer software idea. We hope you like the list, and work on your dream idea.