Key Technology Industries In The USA Startup Market
Digitization and automation have affected many aspects of human life. The world demands a virtual way of doing everyday things. Everyone has watched many companies adapt to this new reality. Some of them are still struggling to survive, while others are already applying new technologies – they rely on custom software development and generate income in different niches. You can also make a nice profit at the best US online casinos.
While startups are surging ahead in Europe and Asia, America has long held the top spot. The most expensive startups in the world include the following three: Stripe, SpaceX, and Instacart.
America’s Best Tech Industries for Startups
The leading industries today include:
- EdTech.
- E-commerce.
- Streaming services.
- Health care.
- Logistics.
Now let’s discuss each of them one by one.
EdTech
As digital technology has changed learning, the industry has become one of the best places to start a business. Online learning has evolved and experienced a surge of investment around the world. You can read more about EdTech at https://en.wikipedia.org/wiki/Educational_technology
According to some data, venture capital has a high level of interest in EdTech solutions. Many education entrepreneurs are looking to take advantage of market opportunities to provide solutions that support existing models.
Other types of educational technology solutions include
- coding and technology;
- immersive technologies;
- foreign language learning applications;
- online courses;
- early learning;
- apps for social-emotional learning.
As the 2019 pandemic progressed, everyone was forced out of classrooms to learn, the school needed a quick solution to meet the needs of students, parents, and teachers. The demand for digital learning tools also began to grow. And in your free time, you can play slot games for real money.
E-commerce
During the pandemic, people found themselves in a situation where they were forced to accept lockdown, and that led to a significant shift in online sales. That’s why e-commerce has ranked among the best startups, and many investors are looking for opportunities there. Retail sales in the United States total $710 billion per year. According to experts, this number is expected to grow by 65% in 2024.
Furthermore, even regular users have observed the fact that the growth of mobile apps continues. This is the very factor that has fueled the development and growth of mobile commerce. Mobile apps will surely become the main channel for online shopping.
There is a lot of attention to online supermarkets, local cafes, and kitchens. Modern delivery methods are also in demand. Due to the growing demand for online purchases and the provision of services, e-commerce is becoming one of the fastest-growing industries for startups. It offers great opportunities for entrepreneurs.
Streaming Services
Watching TV shows and online streaming have grown and continue to attract more and more fans. It’s becoming an extremely popular trend. Analysts predict that the video market will grow and add 1.16 billion subscribers worldwide by 2025.
The streaming video range will become more congested and fragmented as more users enter the market.
This trend will grow and make streaming services one of the best industries for startups. Therefore, entrepreneurs can take advantage of numerous opportunities.
Healthcare
In 2021, health care became one of the world’s top industries. Tech solutions that relate to health care are booming. Emerging business opportunities are attracting many interesting startups that want to leverage technology in the healthcare software technology service area. It is recommended to read more information about public health. It has been described excellently at https://www.britannica.com/topic/public-health in Britannica.
Thus, investors have started investing record amounts in health-related startups. The table shows the names of companies where investors actively invested in 2021:
| Name | Description of the activities |
| Insitro | Drug discovery and development using artificial intelligence |
| Ro | Internet pharmacies, telemedicine |
| Hinge Health | Home health education, wearable sensors |
| Forward | Home fitness |
| Cedar | Healthcare financial interoperability platform |
| Komodo Health | Medical platform based on artificial intelligence |
The demand for virtual doctor visits has been a major driver of market growth. Elderly people constantly need regular check-ups but have to stay at home because of regulations. Therefore, there is a desire to make medical tools and recommendations widely available to all.
Interest in artificial intelligence technology has also grown. Thanks to its algorithms, thousands of medical records can be processed, treatment plans can be developed, and new medications can be developed. This technology will open new horizons for healthcare through intelligent analysis of patient data, predictive analytics, and personalized information.
Logistics
More than 12,000 technological startups have been developed in this industry. This sector includes a variety of companies that offer fleet monitoring platforms, data storage services, and dealer management systems. With new technology, companies are automating office processes and improving inventory visibility and management. They’re also reducing the number of mistakes humans make. Depending on the degree of technological development, it is very important for everyone in the market to be proactive.
Financial technology is also can be described as a huge market. The main reason for this is that it deals with things that everyone needs and uses. The products and options include digital payments, personal finance, cryptocurrencies, and other alternatives to digital money.
Places with Comfortable Conditions for Startup Development
When it comes to the United States, there is an excellent possibility to find favorable and comfortable conditions for startups in Texas. There is no income tax imposed by this state. And it can be safely said that the cost of living is quite low there.
Those wishing to buy software can look at the products of companies from New York. Massachusetts is also a strong state in the technology industry. Two years ago, it was ranked first in the nation in terms of technology.
