Top 10 Booming Industries For
Startups This Year
Any startup has a lot to do with its industry. An industry can have a
safe and adverse impact on its startup. Today, only one startup out
of a hundred is successful. The rest of the others fall sharply for
some reason. You will get to see a plethora of industries in India
and many other countries. According to the market, all industries
rise and fall. Demand and supply have a significant role to play in
market uncertainties. Many people today want to know about the
best industries for this year. So in this article, I will tell you about the
top 10 booming industries for startups in 2020.
Top 10 Booming Industries For Startups In
2020
1. Bottled Water
The business of selling water in bottles is quite old. But by 2020, it
is one of the most discussed trends. Nowadays, this business is
growing like wildfire in the largest cities of India. Getting clean
water has been negligible at these places. Because of this, the
demand for bottled water is increasing.
2. Self Improvement
Nowadays, this business is showing its strength because people
feel very stressed. A person living a modern lifestyle has to deal
with many issues. No matter how much money you earn, selfimprovement will always be a concern for you. In the future, the
industry will continue to grow.
3. Software
In the software industry, demand has been in place since earlier
times. People do jobs, and their companies need software. This
year, the demand in the software industry has increased very
rapidly. But this demand has increased only for some software. The
other software tools are following the same pace.
4. Medical
The medical sector has seen a rapid boom this year. The demand
for medicines has increased, and we have never seen such a rise in
previous years. The truth is that this field can never see a decline.
There are very few chances that we will see even a slight fall in this
field.
5. Nutrition And Well Being
This industry is somewhat different from the medical field. The
demand for nutrition and good health increased dramatically as the
health concerns arose this year. Yoga and meditation also come in
this field. The industry is hoped to boom in the coming years as we
all will face new diseases in the future.
6. Education
Education is an ever-green field, which has grown a lot this year.
People love to learn about current issues and tech trends on the
internet. Instead of going through the traditional book, they all love
to download ebooks. With that trend on the rise, the education
sector will also grow in the future.
7. Home Organizing
Everyone loves to organize the place where he or she lives. Home
organizing includes all the interior designing, exterior designing in
several formats. Gone are the days when people love to reside in
old fashioned houses. Today, the home organizing industry is
growing, and that too at a quick pace.
8. Personal Finance
Money has always been a human need. Nowadays, to fulfill every
demand, we need money. The requirement for personal finance has
also increased because people live a lot more sophisticated life.
Also, due to the increase in demand for startup funding, this
industry is growing very fast.
9. App Development
App development is a significant part of the software industry, but it
is still a little different. People are getting attracted towards apps as
smartphones have taken over this world. Now everyone spends
most of the time in apps. Therefore, the demand for app
development is increasing.
10. Internet
The internet industry is growing very fast. This industry is such that
it has never seen a decline. All internet companies in India have
shown their best performance in just a few years. If people want to
progress, they will have to connect to the online world. This industry
will also grow in the future.
Final Thoughts
This world faces recession from time to time. Some industries fall,
while others arise. We have seen this happening from time to time.
In this article, we have focused on the top 10 booming industries
that can prove beneficial for your startup. After doing more
research on these areas, you can now kickstart your project. These
industries are going to spread rapidly. Your success depends on
entering at the right time in the right field. The industries that have
seen a significant drop this year are the hotel and travel industry.
Apart from these, the food processing industry has also slipped
from its way. But, we can expect that these industries will slowly
recover in the next few years. Finally, I would like to say that you
should start your business with the right decision so that you see
excellent results in the next coming years.
Reference Url:- Startup Paisa