Top 17 Software Business Ideas for Startups

Successfully transitioning into the future with growing businesses majorly depends on robust, thoughtful software. We consult many potential clients every day and realize that software development for startups is not only getting popular but essential to stay competent.

The software development market is expected to reach $1039 billion by 2027. Also, 87.4% of software development projects are for enterprise applications.

Top 17 Software Business Ideas

There are plenty of choices when looking to set up a digital startup. The ones that top the list are mentioned here.

ERP Software

Employee Resource Planning (ERP) software are becoming increasingly popular among large and small businesses. They help improve efficiency and streamline business processes.

CRM Software

CRM (customer relationship management) software have one of the most rapidly booming markets for the coming years. The total market size is expected to reach US$82 billion by 2025.

AR/VR-based Travel Software

Travel and hospitality sector is also ascending towards the digital realms, making the best use of emerging tech to influence the choices of their customers. AR/VR technology takes travel and tourism services to the next level. From places to visit to hotel stays, this technology can give the travelers a pre-experience of everything they will do on their trips.

Healthcare Software

With changing times, doctors, hospitals and other medical practitioners need good healthcare software for extending better services and managing data. Making the best use of the latest technologies, such software take healthcare services and management to the next level.

Read Our Blog: Top 11 Healthcare Mobile App Ideas for Business In 2023

Project Management Software

Software offer an automated approach to project management and allow businesses to move beyond the limitations of traditional practices. A project management software helps authorities to plan projects, track their progress, and complete them within available resources and given timelines. It also facilitates better decision making by providing valuable insights into the various phases.

Blockchain-based Stock Trading Software

Both Blockchain and fintech gained extreme popularity and grew exponentially over the past few years. The future for them also looks bright.

The blockchain development market is growing rapidly at 70% CAGR. It was expected to reach $17.21 billion in 2023. At the same time, the stock trading application market is expected to reach US$ 1,10,624.4 million by 2033. Thus using these together can help come up with a profit-yielding software startup.

ALSO READ: How to Build a Stock Trading App In 2023

AI-based Parking Space Finder

Finding parking spaces at public places is a hassle these days. A software that provides a reliable solution to this problem could become users’ favorite and earn you good profits.

e-Learning Platform

Online courses and e-learning resources are now highly preferred among students and working professionals.

By 2027, 57 million people are expected to take up an online course. The e-learning market size is expected to grow at a 14% CAGR from 2023 to 2032. It’s an evergreen trend now and counts as one of the best software business ideas.

Business Communication Software

Many businesses do not trust regular methods of communication. They prefer special communication software that facilitates safe and secure communication among corporate team members.

AI-based e-Commerce Platforms

When you’re planning to launch a personalized startup, developing an AI-based e-commerce solution could go a long way. Artificial intelligence is all over the place and smart entrepreneurs shall use it to the best potential to attract revenue.

Data Leakage Detection Software

If you have experience with cybersecurity, this could be a great software idea. In the US, 1 in 8 accounts faced a data breach in the first quarter of 2023. Also, 80% of data breaches are motivated by financial gains.

Since detection is the first step to finding a solution, data leakage detection software can go a long way. Along with detecting data leakage, your software can provide other related services ensuring cybersecurity.

Food Inventory Software

If you want to start something that relates to the food and beverage industry, this can be your pick. A food inventory software will help automate inventory management at restaurants, hotels, and coffee shops.

Invoicing Software

Whether large or small, businesses need to be efficient with tracking and handling their invoices. More than 389,168 companies use billing and invoicing tools. While every business wants to be on the top of their finances, a feature-rich invoicing system can help them.

Automated Payroll System

Automated payroll system is another great idea for building a tech solution as a startup. These applications reduce the overall manual tasks and help in rolling out payments of employees accurately, on time, in a hassle-free way. Some of the most popular examples from the industry include Papaya Global, QuickBooks, etc.

Disaster Alert Software

Weather has now become more uncertain than ever. Thanks to global warming. Imagine leaving home for a professional meeting/ a fun trip and being stuck in a storm instead. No one wants that.

Tenant Finder Software

Finding suitable tenants is often tedious. A tenant finder software can help property managers, marketers, and third-parties connect with potential tenants. You can do a lucrative real-estate business without actually getting involved with properties.

LegalTech Solution

While technology has made its place in all areas of life, legal services shall not be exempted. Combining the latest technologies and legal services to build a solution can be one best software development ideas for startups. The LegalTech market is expected to grow up to $69.7 Billion by 2032.

Build a Software For Your Startup With Us

This is the best time to begin with a tech startup and watch it thrive. However, you must be careful about a lot of things. Growing businesses require smart decisions. Choosing your development partner is one of them.

Narola Infotech offers custom software development for startups and pre-operating companies. We have been in the industry for more than 17 years now and witnessed the change of trends. With 3000+ successful projects across 50+ countries, we create robust technological solutions for all verticals and industries. Want to understand our work better? Take a look at our project case studies.

Our enthusiastic and proficient team of experts can help you execute your tech startup idea perfectly. Discuss your software idea with us and let us come up with the best solution for you. Fill out the contact form below and we’ll revert back within 24 hours!

Source: Software Business Ideas for Startups