With the constant innovation in science and technology, modifications have been made in some sectors primarily in the business sector. Easing of business operations has come to rescue the demanding workload most businesses encounter. New trends have come up to replenish the business sector. Many businesses have come up as a result of technological development. For instance, JMJ Phillip Recruiters for Plastics has embraced technological advancements to create a business that provides hundreds of employment opportunities. In this article, we are going to discuss the various new business ideas that budding entrepreneurs can invest on.

 

Selfie Drones

The drone technology is among the fastest growing franchise that has ever been known to man. From proving itself useful in tactical areas like building and construction to domestic use, drones have become one of the most useful technologies in the 21st century. The trend will have the drones stand at approximately 600,000 in number by the end of 2018. The drones will be used in delivering packages, by farmers to check on their crops, and by photographers on getting their aerial shots. The demand for these drones in the various economic sectors is so high that by the year 2020, they will be worth more than $120 billion. Now with the incorporation of selfie drones, consumers will be able to take cameras without the use of a selfie stick. Taking the photos and videos from the selfie drone is accurate especially at taking angles and dimensions. From a business approach, you can go about it in two ways. First, you can sell the device to the millennials who love taking selfies. You can also integrate the drones into your business as a flying surveillance camera.

 

High-Intensity Interval Training Kits

If you have noticed, most gyms are empty. The main reason behind this is that people have incorporated homemade gyms. With the advancement of the HIIT kits from previous models, fitness has never been so much fun. Business wise, the fitness and weight loss ventures are stable and profitable. If one is setting up a startup, this is ideal as one could sell the items to the trainees or even open a high tech gym. The Equipment is not that complex. All one needs are weights, jump ropes, medicine balls, and fitness mats.

 

Smartwatches

Smartwatches have come with the advancement of the smartphone technology. A user can now synchronize the two devices and get to control the phone from their wrist. In the year 2018, there were over 141 million sales of Smartwatches globally. This industry has earned revenue of an astonishing $19 billion so far. The industry is also expected to hit $53.2 billion by the end of 2019.

 

Virtual Reality

Virtual reality computing is making drastic changes to most sectors of the economy. Both hardware and software companies are working day and night to meet the demand. According to statistics, the 2020 worldwide size of the business will be worth over $40 billion. In the production of 3D movies, virtual reality is required to scope the film in the way the viewers will perceive it. Also, watching the particular 3D movie requires a virtual reality 360-degree device. In real estate marketing, the virtual reality technology is used in making virtual images of homes and other amenities. The gaming franchise owes a lot of credit to virtual reality. New games that are featured in 2018 require the use of Virtual reality settings.

 

Software Development

Software experts have created, tested, and maintained software. According to the U.S. Bureau of Labor Statistics, the demand for software will inflate by 17% through by the end of 2023. Business people will now use advanced software to improve their operations. Projects like Blockchain have initiated the business sector to high heights. Storage of data has never been more accessible. Financial transactions have also become efficient. Cases of fraud have decreased by the day. Software development companies have also initiated contract employment.