We’re living in the 21st century and seeing changes rapidly. In the last 22 years we have seen lots of changes in our daily life what life we were living in 2001 were different than 2010 and what we’re living in 2022 is different from 2010. Actually, it’s not 10 years while in every 5 years the world and technologies are changing their shapes. We have come from keypad phone to smartphone, walk-in stores to E-Commerce Platform, Orkut to Facebook, to WhatsApp to Instagram, and YouTube, 2G to 5G, Web development to AI and Crypto & NFTs. The only thing that is permanent is faster up-gradation in technology and new Business Ideas. People become an entrepreneur and make common ideas to revolutionaries’ ideas and made billions. Here we’ve listed down some of the most promising ideas to build fortunes.

Before talking about the Top start-up ideas, let’s go through the current trends which can be incorporated into these ideas:

Hybrid Apps – Cross-Platform Mobile Apps

Progressive Web Apps

Cryptocurrency/Blockchain

Internet of Things

Cloud Hosting’s

AI – Artificial Intelligence

Laravel/Python/Nodejs Development

AR Augmented Reality

Let’s have a look at the Top Software Ideas of different verticals which help you to build a successful business.

1)   CRYPTOCURRENCY EXCHANGE SOFTWARE

Cryptocurrencies are legal in many countries and in El Salvador Bitcoin is a legal tender now. If we look at the growth graph then it won’t be irreverent to say that cryptocurrency will soon capture the whole world. Crypto enhanced security and decentralization and quicker and constantly increasing no of transactions fascinates the users to start thinking about it.

People make huge profits by trading or investing in cryptocurrencies but the question arises of how to invest in these currencies; Here the Crypto exchanges come into the picture where people come register and trade in crypto and exchanges make the money by charging per-transaction fees. The market needs reliable and trustworthy Exchanges where people’s money is safe so if we develop the Crypto Exchange software then there are growth possibilities that seem enormous.

Blockchain Exchange Software can be built on Python or on C++ and can take up to a year to be built fully. Any proven Web & App development company can help you to design & develop the Exchange.

2)   BLOCKCHAIN INVOICING SOFTWARE

Let’s Continue with the same Blockchain industry, you can go for Blockchain-based Invoicing software. Invoicing is an integral part of any transaction between buyer and seller. Blockchain Smart Contracts feature ensures the payments within the network and since its Blockchain, each party must have to accept the contracts and pass them on to another party which would reassure the reliability and authenticity of the payment.

Blockchain invoicing can be developed with the help of a Web & App Development Company and Node JS platform will be preferred. Many Freelance Web Developers can provide you the web & app development services but some time for a few projects you can require a full-stack developers team so it completely depends upon the requirements to choose the development partner.

3)   WEB DEVELOPMENT SOFTWARE

The rising demand for web & app development in a lesser time leads to open opportunities for web development software. The Web Development Software Solution helps to develop web & apps without coding. It has just drag & drop features and a user-friendly interface with all the details shown graphically, and the user just has to do little style customization and configurations. These sorts of tools are heavily in demand nowadays and expected the demand double in the coming future.

This is a company-level application and can use Python, Node Js, C#, or Java in the backend and Angular and React can be used on the frontend. Software like these takes time to be developed but you can break it’s development into phases.

4)   INSURANCE ILLUSTRATION GENERATION SOFTWARE

Insurance illustration generation software is the insurance management software where all steps and rules are managed from policy opening to maturity or policy cancellation t policy surrender. Each and Everything is stamped with the timestamp and details and all the calculations occur based on products and Features in the policy mentioned. The Terms & Conditions are mentioned on the software level are called Rule Engine.

This sort of software can be offered to insurance companies or agencies on a license basis and can provide operational & support and personalized customized services.

The insurance industry is a huge market and it would increase to almost everything from personal life insurance to objects insurance. You can use Technologies like Laravel or dotnet to develop such software. Also, You can hire a dedicated team to develop it.

5)   VIDEO COMMUNICATION SOFTWARE

Covid-19 has changed the paradigms and shifted employees from working office to working remotely and here comes the video communication software came into role play. From government organizations to corporates to schools & colleges, in every field video communication software demands increased manifolds. It’s not limited to company internal communication or clients communication while it has come out from the corporate office to the village area where people who were reluctant to use the smartphone are using the video communication software for their work and even their kid’s education. Video Communication software can be unexpected traffic at any point so it should be instantly scalable with no downtime or least downtime. The video resolution should be high and work on low bandwidth.

You can take the example of a Very Popular Video Conferencing App – Zoom.

You can use Java, Microservices, and Multiple Relational and NoSQL Databases.

6)   CONVERSATIONAL BOT SOFTWARE

People are tired of IVR support where they have to wait unlimited to get a conversation started with the CSR (Customer Service Representatives). Now ChatBots have been introduced i.e. bots who can chat. ChatBots are designed for specific purposes with the efficient use of Machine language and natural language processing techniques. Chatbots can be designed for daily routine tasks or for tech support. We’re seeing chatbot support in almost every industry whether its banking, telecom or Web Support related. Companies are laying off the employees and starting depending on the bots. You can communicate to your bank for your transactions or you can order the food from the chatbots or book a Cab and much more. The biggest benefit it’s cost-effective and available 24*7 and requires the least manual intervention.

Conversational Bots are not yet implemented everywhere and seem a huge potential in coming years with the growing demand for AI (Artificial Intelligence) & Machine language the bots would be more efficient and trained.

You can use Python as backend and Angular, React and Flutter as a frontend for multiplatform support. From a technology perspective, you can write your own NLP algorithm for conversations or use existing SDK like Dialogflow or RASA.

7)   VOICE-TO-TEXT CONVERSION SOFTWARE

Living in the 21^st century and still typing to write something seems something missing in the running wheel. Excellent Voice to text Conversation software revolutionize the industry, this is the software that every industry needs whether it’s medical, litigation, education, or writing long corporate emails. It won’t be wrong if we say that it would be as a calculator. Your thoughts conversion to words would be much faster and more clear than ever.

Software like these can not be a big deal in today’s era but the market needs excellent Voice to Text conversion Web & App Development services with all the languages. There are a number of libraries like PyAudio that can be used for the same.

Combination Python and supported libraries can help to develop the software and use any hybrid framework for the frontend.

Software Tools like this can be developed with the help of Freelance Web developers or any Web & App Development company with good track record.

CONCLUSION

Every Start-up or Idea was on Paper before becoming a billion-dollar business but to convert that idea into a billion-dollar business requires lots of courage, a clear mindset, and a good team.

A Big business built by a great idea, not by money. You can take all examples of Microsoft, Apple, Amazon, or Google, all started from a single room and a seed of an Idea.

We at Deepsoft have a culture to live the idea before it comes to ground, understand our clients to valuable thought processes and vision, and convert them to reality.