Due to COVID19, many new developments have taken place in the Startup ecosystem.
For entrepreneurs looking to create or explore entrepreneurial opportunities and don’t know how to do it, know that you don’t always need expert knowledge in the field, and sometimes all you need is just the opportunity and the problem.
To make it easier for you, we’ve rounded up four trends that are likely to grow in 2022 and beyond.
Many of these trends have already begun to develop, but there is always room for new ideas to emerge in different industries.
Distributed Enterprises
A few years ago, many companies did not allow for a remote workforce, let alone a hybrid workforce but today, however, it has become the norm, and some companies protest against forcing employees to return to the office. I
We know that many startups/companies have adopted remote or hybrid ways of working but the infrastructure that supports these ways of working is still relatively young or unavailable. New startups have a tremendous opportunity in this new way of working.
Every business is going to be a little different, and the tools that support your business range from retail to custom tools. New approaches to a decentralized workforce are already on the rise, and there are many new ideas and niches to explore. 2022 will only be the beginning.
Cybersecurity (Mesh)
The cybersecurity industry has a huge market for software development. A vast market for discovery, analysis, and other types of tools remains untapped, especially with the current outdated tools running the show. These tools often take root, are expensive, and still need significant improvement.
According to Gartner, “By 2024, organizations adopting a CSMA to integrate security tools to work as a cooperative ecosystem will reduce the financial impact of individual security incidents by an average of 90%.”
The entire cybersecurity space still has a lot of room to grow, especially in 2022 and beyond
Read also: How to build your startup from scratch
Agri-tech
As human beings continue to populate the planet at a fast pace, the resources we need burn out at an even quicker rate.
This is why sustainability is paramount for the following couple of decades and it has to begin as soon as possible.
A lot of agri-tech startups are starting to get the recognition they deserve and venture capitalists expect to have full-size returns on their investments, and seeing the success of startups like this will help source more money into the sector.
Biotech
The biotech industry is valued at about 299 billion dollars, and is expected to grow at a CAGR of 15.83% from 2021 to 2028.
However, biotechnology is a slightly convoluted term when mixed with startups. At a superficial level, biotechnology is simply a method of describing the process of using living organisms to design or create products.
On the other hand, startups should be businesses with rapid growth potential, so companies without these characteristics should not be confused with this pool. Therefore, biotech startups should:
- A company focused on developing technologies that help solve complex human problems
- A company with a unique business model that can scale with existing technologies
Unlike many other emerging industries that require initial support, including sales/revenue, the biotech industry is a bit different. Since most of the money is spent on R&D, you can raise millions of dollars without any visible sales.
This is because a breakthrough can potentially mean millions or billions of business value in the form of medicine or new ways to solve complex human problems, and many startups are using AI to accelerate these processes in specific niche cases within medicine.
Experts in this field may be needed, but there is no doubt that this industry will grow tremendously in the years to come.
Conclusion
2022 will be another good year for tech and startups. New innovations will constantly appear as new entrepreneurs enter the market from various sectors.
