11 New Future Business Ideas 2021–2030 You Need to Know
Do you want to start a profitable startup and looking for new business ideas for the future businesses that will boom in 2021? If yes, here are some best future business ideas 2021–2030 you may like to read.
Every year, entrepreneurs start millions of small businesses around the world. But do you know that 8 out of every 10 small businesses get failed and shutdowns? There might be several reasons behind the startup failures such as shortage of funds or having no competitive advantages.
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Developing a futuristic approach is not rocket science. All you need is to check out the latest business trends and keep your eyes on declining industries as well as on the fastest-growing occupations. You will get a clear idea.
To help you succeed, here is the list of best future business ideas 2021–2030 which you can pursue with little too high investment.
1. Outsourcing Business
According to the WEF report, working environments will be changed in the future. The outsourcing business will boom in 2023.
Forbes revealed that 50% of Americans are working independently or making money from their own small businesses in the USA. The same trends can be seen in Australia, Canada, and the UK. But the worst thing is that if they hire native employees, they cannot make good profits due to the high operating expenses.
In order to reduce their startup expenses and maximize profits, the businesses are outsourcing their projects to the people of developing countries, where operational and manufacturing costs are relatively low. China and India are good examples for us.
At the same time, people from developing countries especially from Pakistan, India, China and the Philippines, are making good money from a freelance business. These people are offering their virtual services online and growing their businesses day by day. It can be content creating, online photo manipulation services or even customer services.
2. 3D Printing Future Business Ideas
The 3D printing business is becoming one of the most profitable new business ideas nowadays. In the last few years, it is getting famous in all around the world because it has revolutionized the prototype manufacturing business.
Due to its popularity, the demand for 3D printers is on the horizon. Look at the following picture. You can get an idea about how much 3D printer sales have been seen in last year.
Initially, the 3D printers were highly expensive and not affordable for several entrepreneurs. As time passed, the prices gradually get decreased but still, these printers are not affordable for many people.
In the list of top 10 new business ideas, starting a 3D printing business will be a profitable future business idea. So, if you want to start your own 3D printing business, there are several 3D printing business ideas and opportunities you can avail yourself of with a little too high investment.
Currently, the prices of 3D printers start from $2000 to $15000. The prices basically depend upon the specifications and features of the 3D printers. If you want to purchase a 3D printer with good features then the price will be high.
All you need is to do is to purchase this equipment, set up a shop and start advertising your business to get high-paying clients.
3. Rise of Co-Working Spaces
The trends of future offices are going to change. Due to the high rental expenses, it is difficult for small businesses to afford a separate office. Today, people love to work in co-working spaces. It will not only help them to reduce their rental expenses but also help them to share expertise and skills with each other.
If you have a free space, then starting a Co-Working Space business will be a new business idea 2017 you can start with low investment.
4. Future Business Ideas For Real Estate Sector
Due to the high rapid urbanization, every year hundreds of thousands of people migrate to cities. There are several reasons behind this migration such as to find jobs or to improve their living standards. Due to this trend, the need for affordable houses will rise.
In fact, it is a great opportunity for the real estate industry, brokers and construction companies to offer their services to people and make commissions. Starting a real estate agency will be a lucrative business idea for the future. If you want to start this business, you should have relevant experience and governmental license to operate in your area.
5. Consumer Goods and Services Business
Experts say that the middle-class population will rise up to 3 billion by 2030. The countries where the middle-class population is increasing day by day are known as emerging markets.
With the rapid expansion of the middle class, the consumption of goods and services has been raised. It is a good opportunity for those who want to start a goods and services business.
There are several new business ideas you can transform into a real startup such as starting a chain Store, import and export of goods on a small scale and much more.
6. Healthcare Industry
According to Fortune, the healthcare industry will also grow in the future. Preventive medicines will increase rapidly, while the general healthcare practices will be replaced by personal healthcare practices.
On the other hand, the Labor department of the United States revealed that 10 out of every 20 fastest growing occupations are related to the healthcare sector.
These trends are due to the rapid expansion of the population. In fact, these trends will impact on the future healthcare industry. If you want to jump into this industry, you will surely enjoy a high return on your investment.
7. Starting a Consultancy Business
In the list of top 10 new business ideas, consultancy business is a good opportunity for professionals and experts in the future. In upcoming years, the consultancy business will boom because of several factors.
Some are positive while some are negative such as increasing unemployment issues worldwide, high inflationary rates or the rise of entrepreneurial trends. You can help people in order to resolve their problems. You can start different kinds of consultancy business such as
- Educational Consultant Agency
- Recruitment Firm
- Career Consultancy firm
- Customer Consultancy etc.
8. Future Business Ideas For the Internet of Things (IoT) Industry
Internet of Things means every object which is being used by humans, have internet connectivity in order to send and receive data.
Mckinsey Global Institute has estimated that this industry has the potential to generate $4 Trillion to $11 Trillion in value worldwide by 2025. Believe it or not, it is one of the best future internet business ideas for upcoming years.
From the last few years, we have seen a rapid advancement in the technological sector, especially on the smartphone side. For instance, if you want to go to the office, use UBER or Lyft (a taxi service) to get an instant ride.
If you want to check the upcoming weather conditions, then there are some mobile applications through which you can check the weather conditions and take appropriate measures. Some other examples are wearable fitness devices and smart thermostats apps. In short, people are using the latest tech gadgets for their own convenience and comfort.
9. VR Technology Business
Virtual Reality is a huge business sector. It is connected with other various business sectors. VR technology in the future will assist teachers, manufacturers, tourists, engineers, healthcare workers, and many more professionals in their respective fields.
This technology provides an almost real representation of virtually constructed scenarios, buildings, and other things. Investors are advised to invest their riches in this field to get a profitable outcome in the near future.
The virtual reality market size was at 10.32 billion USD in 2019 and is expected to grow with a CAGR of 21.6% until 2027.
10. Electrical Cars and Electrical Charging Stations
The expected exhaustion of fossil fuels will need humans to find out a new energy source for various purposes, especially for running our cars. Electricity is thought to be a great alternative. Not only it can overcome the deficiency but also will be a pollution-free solution.
Many car companies have started their struggle of constructing a successful electric car. Besides electric cars, their charging will require charging stations instead of the presently available fuel or gas stations. Investors can invest their riches in electric car construction for now and in the future can invest in charging stations.
11. Cyber Security Industry
With the increased usage of the internet and computer technology in various sectors, criminals are getting into this business too. Stealing content and other useful information, cyberbullying and many other crimes are being evolved and are spreading rapidly.
To stop this crime rate, companies and governments make their own cybersecurity wings that protect their information from cybercriminals.
The global size of the cybersecurity market is $152.21 billion which will increase with a CAGR of 11.02% until 2023 to a total of $208.28 billion.
