I believe one attribute every entrepreneur should have is the capacity to think ahead.
We are living in changing times.
And the rate of change in the business world is running FASTER than it ever has before.
AI is just about to take over everything, turning a lot of booming businesses obsolete in the near future.
That is why what may be a fantastic business now may not be one of the top in the coming years.
Hence being able to foresee the requirements of the market sooner than the competition is what will set you apart from other business owners.
So here is my list of some of the upcoming business trends that are expected to stay even long after 2030.
Without further ado, let’s dive in.
Best Future Business Ideas 2030
Delivering Products Using Drones
Delivering products using drones has gained popularity in recent years due to the convenience and efficiency it offers.
The drone services market is expected to grow from $4.4 billion in 2018 to $63.6 billion by 2025.
China (as always) appears to be the most ready for this delivery revolution.
However, there are also some challenges to consider, such as regulatory hurdles, safety concerns, and potential technical issues.
Hopefully, these issues will be figured out in the years to come.
This shows that the owners of commercial delivery service businesses that currently use buses and vans should be on high alert as a result of this invention.
They run the risk of going out of business if they do not adjust to the change that is coming.
Establishing Co-working Spaces
With increasing inflation and the hefty leasing costs, it’s becoming pretty challenging for small companies to be able to afford their own separate office space.
As a result, more folks are choosing to work in shared office spaces.
Not only does this help them cut down on their monthly rent costs, but it also allows them to network and build more connections.
So if you don’t use your property for anything else, you should consider opening a shared office space.
It is a fresh concept for a business that has a really forward-thinking outlook.
Get Into the Internet of Things (IoT) Industry
The Internet of Things (IoT) is when everyday objects like appliances, cars, and machines can connect to the Internet and exchange information with each other.
This can help make things work better and more efficiently, like being able to control your home thermostat from your phone or having a car that can drive itself.
Based on research carried out by the Mckinsey Global Institute, the value of this sector might potentially increase to $12.5 trillion on a global scale by the year 2025.
In a nutshell, people are utilizing the most recent innovations in technology for the purpose of improving their own ease and convenience.
So if you are a software developer or a programmer, you should think about future invention ideas and create new smartphone applications that will assist people in their day-to-day activities.
Exciting times lie ahead for the business world!
3D Printing Business
As a future business idea, 3D printing presents a lot of potential for entrepreneurs and businesses.
This can be especially useful for small businesses that want to create unique products or prototypes without the high upfront costs of traditional manufacturing.
3D printing has already been used in a variety of industries, including healthcare, aerospace, automotive, and fashion.
As technology continues to develop and become more accessible, the demand for 3D printing solutions is expected to increase, creating new opportunities for businesses to innovate and grow.
In case you want to learn more, here is my deep dive on starting a 3D printing business and making money with it.
Explore Business Options With Virtual Reality
There are several business options with virtual reality (VR), including:
Develop and market VR games or experiences for entertainment purposes.
Develop and market VR training programs for industries such as healthcare, military, and aviation.
Develop and market VR educational content for schools, universities, and training programs.
VR Real Estate:
Develop and market VR experiences for real estate agencies to showcase properties to potential buyers.
Develop and market VR experiences for travel and tourism companies to showcase destinations to potential visitors.
Develop and market VR advertising experiences for businesses to showcase their products or services.
Develop and market VR therapy programs for mental health and rehabilitation purposes.
Develop and market VR design services for architects, engineers, and product designers to create and visualize designs in a virtual environment.
These are just a few examples of the many business options with virtual reality.
As VR technology continues to evolve, new opportunities are likely to emerge, making it an exciting and promising field for entrepreneurs and businesses.
Explore The Idea Of Space Tourism
Space tourism is a promising future business idea that offers recreational travel experiences beyond Earth’s atmosphere to individuals willing to pay for it.
The market demand for space travel is growing as people are fascinated by the idea of experiencing space firsthand.
Technological advancements, such as reusable rockets and spacecraft, have reduced the cost of space travel, making it more feasible for commercial ventures.
Companies like SpaceX have pushed the boundaries and are driving us forward.
Space tourism can diversify revenue streams in the space industry and lead to the creation of spin-off technologies.
Make Use Of Artificial Intelligence
Here is the scope of artificial intelligence in the coming years.
Develop and market AI-powered chatbots for customer service, sales, and marketing purposes.
Develop and market AI-powered predictive analytics solutions for businesses to make more informed decisions.
Develop and market AI-powered personalization solutions for businesses to provide customized experiences to their customers.
Develop and market AI-powered process automation solutions for businesses to optimize their operations and increase efficiency.
Image and Speech Recognition
Develop and market AI-powered image and speech recognition solutions for businesses to improve security, quality control, and customer experience.
Develop and market AI-powered recommendation engines for businesses to suggest products or services to their customers based on their preferences.
Develop and market AI-powered fraud detection solutions for businesses to prevent fraud and mitigate risk.
These are just a few examples of the many business options with AI.
As we are talking about AI here, I am sure you have heard of ChatGPT.
I am a big proponent of using tools that can assist us in the business.
So when Chat GPT got launched, I got my team overboard, and the video below has my top 30 use cases that I use for our online business.
Setup Electric Car Charging Stations
As more people switch to electric cars, the demand for charging stations is expected to increase, creating the need for more charging stations.
One of the biggest advantages of setting up charging stations for electric cars is the potential for recurring revenue.
EV owners need to charge their cars regularly, and they are willing to pay for the convenience of being able to charge their cars quickly and easily.
Additionally, charging stations can be set up in various locations, such as parking lots, shopping centers, and rest areas, providing flexibility and convenience for EV owners.
In case you are interested in creating a business around cars, here is how you can start a car transport business.
Manage Inventory For eCommerce Stores.
E-commerce is the future, but maintaining the inventory is expensive as it requires space and additional staff.
So if you can get a warehouse, you can run and manage the inventory for different e-commerce companies.
This warehouse management company would be responsible for fulfilling orders placed with online stores.
This is a business plan for a larger-scale operation, but it also has the ability to produce a significant amount of money in the future.
(Take inspiration from the business models of these dropshipping stores. )
Cleaning Robots Business
As the demand for smart home devices and automation continues to grow, cleaning robots can help people save time and effort by automating cleaning tasks, such as vacuuming and mopping.
Hence the domestic cleaning robot business presents a promising future business idea for those willing to invest in the necessary resources and expertise to capitalize on its potential.
Develop Fitness Tech Gear & Apps
People are always looking for the newest innovations in their fitness gear and equipment.
It could be anything from earbuds with a clean design or a smartwatch with a tiny display and many functionalities.
If you can develop something that further makes integrating fitness into lifestyle easy, then this a great idea for you.
Renewable Energy Supplies
There is no question that the world has become more advanced.
Nevertheless, we are now dealing with a large number of challenges.
Energy is a significant obstacle in many nations, particularly emerging markets, and this is true across the board.
Some Asian nations, such as those in the Middle East and Southeast Asia, continue to rely on conventional sources of power generation.
They still use coal, nuclear, and hydroelectric plants.
The generation of energy from these sources is considered to be detrimental to the health of our ecosystem.
That’s why experts are putting more emphasis on the use of renewable energy sources as a way to preserve the environment.
Those folks who are interested in launching a business on a moderate scale have a fantastic opportunity before them.
You could come up with a lot of different concepts for environmentally friendly businesses if this is in your wheelhouse.
Developing Chatbots For Businesses
Chatbots can help businesses save time and effort by automating customer service tasks.
They can answer frequently asked questions and provide personalized recommendations.
A report showed that by using chatbots, businesses and consumers will save a combined 2.5 billion hours by 2023.
Additionally, chatbots can be developed for various industries, such as healthcare, finance, and retail, providing flexibility and convenience for businesses.
DDOS Cyber Attack Prevention
Some companies are highly vulnerable to the type of cyber assault known as a distributed denial of service (DDOS).
This is where hackers flood a target website with so much traffic that it causes the server to crash.
Given the widespread availability of high-speed internet, an increasing number of cybercriminals are likely to target businesses.
You have the ability to establish a company that can recognize an attack and stops it from occurring in the first place.
Even if some companies are currently engaging in this practice, there remains a significant amount of untapped potential for financial gain in this sector.
To start a DDOS prevention business, you will need server space, in addition to having software and coding written for you.
3D Laser Scanning
3D laser scanning uses lasers to take really detailed and accurate 3D pictures of objects, buildings, and even whole places.
It’s useful in lots of industries like architecture, construction, and manufacturing.
Businesses could offer services like making virtual models, checking for quality, and analyzing data.
3D laser scanning saves time and money because it’s way more accurate than doing things by hand.
More and more industries are realizing how helpful it can be for designing and planning stuff.
As the technology gets better and cheaper, starting a business that uses 3D laser scanning could be a smart move and offer new solutions to different areas.
In today’s stressful social and professional settings, folks avoid consulting a therapist due to the associated social stigmas and the hectic nature of their job schedules.
In this regard, online treatment represents a significant step forward.
The use of electronic communication for therapeutic purposes is becoming increasingly common.
When people confide in another person who is able to both comfort them and assist them in developing their mental fortitude, they experience a sense of relief.
They also gain tools for better coping with life’s difficulties.
Investing in online treatment enterprises, such as opening websites, social media handles, and other online platforms, are some strategies to draw a client base.
It is anticipated that this industry will continue to expand at a faster rate in the years to come.
Digitizing Medical Records
It is becoming increasingly vital for clinicians to access a patient’s medical records while they are treated in separate locations.
For instance, a patient may consult a physician for a period of time.
Thereafter, the patient may switch to another physician at a different location.
In this scenario, the patient is required to retrieve the prior record from the physician, which can be tedious and sometimes nonviable.
A company could establish medical records that could be safely shared among registered doctors while maintaining their confidentiality.
The fact that both patients and their doctors would be able to view their most recent health data access is a really positive development.
This is one of the new business ideas that is projected to have positive growth between the years 2022 and 2030.
Residential Solar Energy Setups
Solar panel systems are now the most efficient method for the production of electricity.
Installing solar panels on the roof of a home to generate enough power to run the entire household is becoming increasingly common in many parts of the world.
In the not-too-distant future, it is anticipated that this practice will become widespread in communities.
Starting a company that installs solar energy systems will prove to be an extremely lucrative endeavor.
Depending on the size of your initial investment, you can launch your own home solar energy installation business.
Just use caution on legal considerations such as licensing, registering, and so on.
Developing Medical Apps
Investors and software developers are working on establishing medical apps where patients may access the services provided by doctors.
There are apps available that, in addition to doctors, allow you to purchase prescribed drugs and have them delivered to your home.
These apps and services are fast gaining popularity because of the ease that they provide.
It is anticipated that they will eventually take over a significant portion of the market for physically delivered healthcare services.
Develop/ Invest In Online Games
The gaming industry has experienced remarkable growth, and online gaming, in particular, has gained immense popularity.
With advancements in technology, the availability of high-speed internet, and the potential to make money while playing games, more people are engaging in online gaming than ever before.
While developing and investing in an online game presents significant opportunities, it’s important to recognize the competitive nature of the industry.
Overall, with the right blend of creativity, market analysis, and strategic planning, developing and investing in an online game can be a promising future business idea that taps into the growing demand for immersive and interactive gaming experiences.
Artificial Body Parts
With new technology and materials, we can create body parts that work almost like the real thing.
This can help people with disabilities or medical conditions to have better mobility and live more normal lives.
To be successful, the business would need to work closely with doctors and scientists to make sure the body parts are safe and effective.
Vertical Farming Business
The number of people living on Earth is skyrocketing at a breakneck speed.
This growing population is being pressured into the agricultural lands that occupy a significant percentage of the arable farmland.
Since a larger population necessitates the consumption of more food, it is straining the available resources for the production of food.
For the sake of our survival, this mismatch between food production and consumption needs to be rectified.
The option that Vertical Farming offers is one that is incredibly effective and efficient.
It is the practice of employing farming methods, such as hydroponics, aeroponics, and aquaponics.
People farm in vertically organized soil layers within a setting that has been modified for agricultural use.
It is possible that, in the not-too-distant future, you will find that investing your money in vertical farming was a sage decision.
Because of the higher density of the products, this enterprise turns out to be more profitable than greenhouse agriculture.
Oh, it looks like we skipped content marketing and blogging….!!!!
Let’s find out the future of these businesses in this video.
Need some more ideas???
Further Future Business Opportunites
- DNA design firms
- Ghost kitchens
- Holographic theaters
- Cryobank and stem cell
- Box subscription services
- Online libraries
- Smart apparel
- Plastic alternatives
- Bottled air
- Community generators
- Environmental sustainability
- Water trading
- Lab-grown meat
- Privacy protection services
- Migration services
- Data crunching
- Asteroid mining
- Outsourcing business/ freelance business
- Consultancy business
- Collaborative economy business
FAQs – Futuristic Startup Ideas
What small businesses can boom in 2020-2030?
Small businesses that offer e-commerce solutions, health and wellness products/services, sustainable products, technology services, and home services are likely to experience growth in the next decade.
What are the best future business ideas for healthcare?
There are several promising future business ideas for healthcare, including:
Telemedicine: Develop and market telemedicine solutions for remote consultations and virtual care.
Digital Health: Develop and market digital health solutions, such as wearable devices and mobile apps, to help patients manage their health and wellness.
Personalized Medicine: Develop and market personalized medicine solutions, such as genetic testing and precision therapies, to provide customized treatments for patients.
Health Analytics: Develop and market health analytics solutions to help healthcare providers and payers make more informed decisions.
Healthcare Robotics: Develop and market healthcare robotics solutions, such as surgical robots and medication dispensers, to improve patient outcomes and reduce costs.
Mental Health: Develop and market mental health solutions, such as teletherapy and digital therapeutics, to address the growing demand for mental health services.
Health Tourism: Develop and market health tourism solutions, such as medical spas and wellness retreats, to attract patients from around the world.
These are just a few examples of the many future business ideas for healthcare.
As the healthcare industry continues to evolve and adopt new technologies, there are likely to be many new opportunities for innovation and growth.
What are some business ideas that use AI?
Here is a list of business ideas that leverage the power of AI:
Virtual Assistant Services: Develop AI-powered virtual assistants to handle customer inquiries and provide personalized assistance.
Chatbot Development: Create AI chatbots for streamlined customer service and enhanced user experiences.
Predictive Analytics: Offer AI-driven data analysis and forecasting services to help companies make informed decisions.
Personalized Marketing: Use AI algorithms to deliver targeted marketing campaigns and personalized product recommendations.
Intelligent Automation: Implement AI-driven automation solutions to optimize processes and improve productivity.
Healthcare Diagnosis: Create AI-powered systems to assist doctors in diagnosing diseases and providing treatment recommendations.
Financial Technology (Fintech): Build AI-powered platforms for tasks like credit scoring, fraud detection, and financial planning.
Cybersecurity Solutions: Develop AI algorithms for advanced cybersecurity solutions.
Smart Home Technology: Create AI-enabled devices for controlling various aspects of a smart home.
Autonomous Vehicles: Venture into AI-powered self-driving cars or delivery drones to revolutionize transportation and logistics.
These business ideas harness the potential of AI to provide innovative solutions and drive efficiency in various industries.
In conclusion, the future of business is full of amazing possibilities.
Technology, biology, and the physical world are coming together, leading to incredible innovations.
With nanotechnology, biotechnology, genetics, artificial intelligence, and 3D printing on the rise, big companies are investing in this promising future.
While we can’t know exactly what will happen, we can look at past data and current trends to imagine what’s coming.
So, let your imagination run wild and come up with a business idea that embraces these exciting advancements.
Seize the opportunities,
Destroy the box,
Shape the future with your creative vision, and
Get ready for an incredible journey as an entrepreneur.
The world is eagerly waiting for your brilliant ideas to come to life.
The FUTURE is yours to CONQUER!
PS: Here is my list of planners for entrepreneurs for you.