If you are a software, hardware, or a bio-tech engineer or developer looking for opportunities to enter the market, you should look no further than the struggles of everyday life as your benchmark. The challenges in the 21st century are the greatest signal to technology developers regarding what new technologies to come up with.
For example, the ever increasing climate change worries can be seen as entry points by some technology developers from all sectors to develop environment friendly products. The market potential for cheap, accessible, and renewable energy is a great opportunity for engineers and scientists. The same goes to developers of electronic items that consume the least energy while achieving the same amount if not more work with today’s existing electronic items. There is also a great potential to discover long lasting batteries that do not pose environmental threat during disposal. It cannot be argued that the niche for environment-friendly new technology is here to say.
Robotics technology is another niche that has great potential for expansion in the 21st century. Technology businesses focused on developing artificial intelligence will reap the benefits from the demand of robots that can go where no man can. The time is even ripe for robots in the household level: perhaps a robot that can help out in the kitchen or in the living room. The potential for robots beyond the assembly lines of car manufactures is enormous that the robotics technology business niche is bound to make good money sooner than expected.
The information and communication technology niche will still remain in the forefront of all potential technology-based business startups. Still in line with going green, the next technology-based business that could develop further the existing networking technology and provide ways closer to a paperless office is next to make it to the Fortune 500 list. As specific example, there is a great potential for profit for the next IT business to develop a Web-based spreadsheet that does more than storing text and performing simple calculation. The Internet security business, too, is seeing no letup in demand as more and more business operations are now done online.
Of course, technologies that ensure human survival as in food and health security will never go out of demand. There is always a demand for new ways of growing and producing safe food products that could feed an increasing population. Technology-based businesses that develop hospital gadgets like new diagnostic equipment or even patient data processing and storage will always have a sure market.
New ideas in security technology should also have a good share in the market as people and businesses are constantly looking for new ways to secure their properties and even their lives. In the 21st century where physical security is becoming a necessity, technology-based businesses focused on discovering new ways to secure lives and properties from natural as well as manmade disasters should see a good demand for their products or services.
These are some of the best niches to start your technology-based business in the 21st century.