Best Tech Startup Ideas to Try in 2024

Which direction to choose for my startup? How to come up with an app idea that is sure to succeed? Every beginner entrepreneur faces these crossroads…

Statistically, the average long-term success rate of startups is between 10%-20%, meaning that the rest go out of business within the first years. And one of the reasons for failure is an unviable business idea.

But, in the fast-paced startup world, it’s no time to follow Newton’s steps and wait for an apple with a brilliant app concept to fall on your head. That’s why we’ve decided to gather all the best tech startup ideas in one post so that you seek inspiration to contemplate your next (or the very first) venture.

Check out 15 app ideas that have the potential to disrupt markets and captivate both investors and consumers alike!

Best tech startup ideas #1: On-demand home services

The worldwide market for online on-demand home services is anticipated to see a compound annual growth rate (CAGR) of 13.4%, expanding from $4.09 billion in 2022 to reach $7.70 billion in 2027. Isn’t it a solid reason to stand among the best tech business ideas?

Startups like TaskRabbit and Thumbtack, or our recently developed service YMaster, have redefined the way people connect with professionals in various fields, from home repairs to personal assistance. Such platforms offer ratings and reviews, thus catering to the ever-increasing need for transparency and customer care.

How to?

In fact, exploring some less busy niches within the on-demand service industry, such as pet care or virtual assistance, can lead to remarkable opportunities for building a successful app.

Best tech startup ideas #2: E-commerce stores

When speaking of the platforms that shine bright on the retail landscape, platforms like Shopify and Amazon immediately come to mind. These giants provide consumers with a vast array of products at their fingertips and create unique online shopping experiences. 

How to?

Certainly, it’s very difficult to compete with the global market leaders, but that's no reason not to try. Aspiring entrepreneurs can focus on niche markets, as one of our clients did with children's goods, or explore emerging trends like sustainable fashion.

By offering user-friendly interfaces, seamless checkout, and curated product selections, this tech startup idea may result in gaining a loyal customer base.

Best tech startup ideas #3: Streaming services

There’s no doubt that established players like Netflix and HBO have greatly changed the image of entertainment. The streaming revolution is here, and the figures don’t lie. According to Fortune Business Insights, the streaming market may grow by 19.3% and reach a $1.9 trillion value by 2030. 

How to?

There’s still ample opportunity for startups to enter this thriving market. By identifying underserved genres or targeting specific demographics, you can create a unique streaming service that caters to specific interests, such as independent movies, esports, educational content, and more.

Best tech startup ideas #4: Food delivery apps

Were you not among those who ordered from Uber Eats, DoorDash, or similar services during the lockdown? Come on, everyone was! The pandemic fueled the development of food delivery apps, greatly contributing to connecting consumers with shops and restaurants and providing hassle-free delivery options.

The pandemic has passed, but the habits remain. Consumers now prefer to select culinary delights online. 

How to?

To launch an app that would stand out in this competitive industry, focus on local farmers or incorporate innovative features. For example, specialize in healthy meal kits or farm-to-table experiences that can attract consumers seeking fresh and sustainable food.

Best tech startup ideas #5: Job boards

Business automation is another profitable tech idea for startups you may focus on. As the job market becomes increasingly competitive and candidates search for more specialized opportunities, job boards help to connect employers with top talents by gathering their professional resumes.

In our experience, a job board is relatively quick in development – it took us less than 3 months to build an MVP version of such an app.

How to?

For startups in this space, finding unique ways to provide value to both employers and job seekers is key. This could involve incorporating AI algorithms to match candidates with suitable roles, targeting specific industries, or offering additional services such as resume building or interview preparation.

Best tech startup ideas #6: Telehealth apps

Apart from food deliveries, the pandemic has also accelerated the adoption of telehealth services, bringing remote healthcare consultations into the mainstream. Startups like Doctor On Demand provide accessible virtual consultations, prescription refills, and access to specialists from the comfort of one's home. 

How to?

If you’re looking for technology business ideas, making an impact in the telehealth sector can become the one. Explore specialized areas such as mental health support, chronic disease management, or remote patient monitoring. By combining technological innovation with personalized patient care, you can revolutionize the healthcare sector.

Best tech startup ideas #7: Fitness apps

An increasing emphasis on health and wellness has become an integral part of people's lives, bringing fitness apps to the top demand. Whether you’re targeting a specific audience like Steppen for Gen Z or offering something more universal like MyFitnessPal, engaging individuals to achieve their health goals is a win-win option.

How to?

Apart from providing personalized workouts, tracking features, and virtual coaching, you can stand out by offering something special – live group classes, gamification elements, or integration with wearable devices.

Best tech startup ideas #8: Fintech apps

If, among all the business ideas for startups, the creation of a fintech app attracts you the most, we have two pieces of news for you.

Firstly, be ready that building a secure financial system requires higher costs. Fintech apps stand among the most expensive apps as they often involve integration with multiple financial institutions, robust security measures, and compliance with regulatory frameworks. Plus, they often leverage emerging technologies like blockchain and AI.

However, when done right, fintech apps usually become handy tools used on a daily basis. Platforms like Wise have empowered many people with access to advanced tools for budgeting, investing, and digital banking. 

How to?

As a startup, you can dig deeper into the industry and tap areas such as micro-investing, financial education, and personalized financial planning. Or, you may even invent a startup for startups that would help them find and raise investment for further startup scaling.

Best tech startup ideas #9: Social media apps

Can you imagine that around 60% of the world's population spends time scrolling social media feeds daily? Social media apps continue to play a significant role in our lives, connecting people and enabling content sharing. 

How to?

While TikTok and Instagram dominate the market, new startups can carve out their niche by targeting specific communities – professional networks, creative collaborators, and others.

For example, for one of our clients we have recently developed and launched a social media app for LGBTQ+ community in the USA. The main feature is a matching mechanism similar to  the one of Tinder’s. It helps individuals to connect with like-minded people and find LGBTQ+ friendly local businesses and places. The apps showed outstanding results within the first days of its release: 2,000+ downloads and over 30 transactions. 

Best tech startup ideas #10: Scheduling apps

Streamlining the process of making appointments, managing bookings, creating timetables, and work scheduling helps individuals and businesses stay proactive. Scheduling apps eliminate the need for manual coordination and reduce the chances of double bookings.

One of the most successful examples of scheduling apps is Calendly. It allows users to create personalized scheduling links that can be shared with clients, colleagues, or friends. By syncing with the user's calendar, the app displays available time slots and allows others to book appointments accordingly. 

How to?

Startups that develop scheduling apps can tap into this growing demand and offer innovative solutions to optimize time management and enhance productivity. 

Another competitive idea is to launch a scheduling app targeting specific audience based on the location, interests, goals, and so on. For example, we developed a team appointment scheduling app with the main features are shared group planners and a chat system. This app helps users manage different types of events, analyze statistics, and communicate conveniently. 

Best tech startup ideas #11: Cloud services

As businesses increasingly rely on cloud-based solutions, startups in the cloud service field really thrive. Services like Dropbox and Google Drive provide seamless file storage, while Google Docs Editor apps come with collaboration tools for shared use.

How to?

To bring this technology business idea to life, you better focus on unique features such as data analytics, cybersecurity, or workflow automation.

Best tech startup ideas #12: Travel apps

Looking to reimagine the tools that help people explore the world? Now is the time because the travel industry has awakened from the pandemic “sleep” and is gaining momentum. When it comes to finding unique accommodations, Airbnb and Booking.com are usually among the first titles we enter in the search bar or access via mobile, right? But there’s still space for competition!

How to?

If you’re determined to tap into this niche and make travel more accessible, you may implement the following tech startup ideas: sustainable travel, personalized itineraries, local authentic experiences, corporate travel, and more ways to offer differentiated travel services.

Best tech startup ideas #13: Edtech platforms

With the shift towards online learning, the edtech industry becomes an investment attractive field. The growth forecasts for e-learning are quite optimistic and promise an annual growth rate of 9.48%, with the U.S. as the leading region. 

Coursera and Udemy have democratized education by offering online courses from top institutions and experts worldwide. 

How to?

You may choose a more specific direction: coding boot camps, language learning, or corporate courses. By incorporating interactive learning tools, personalized feedback systems, and industry partnerships, you’ll be able to deliver a truly distinctive learning experience.

Best tech startup ideas #14: Dating apps

And what if your startup becomes a real bow-boy, connecting lonely hearts? Dating apps like Tinder and Bumble have become a real salvation for people desperate to find a soul mate. A convenient and safe online space is exactly what people need to find potential partners.

How to?

If you’re considering a startup in the dating app space, explore different community-centric options such as LGBTQ+ dating, women empowerment, and professional networking. Remember that prioritizing user safety and fostering authentic connections come first for this type of apps.

Best tech startup ideas #15: Taxi apps

The transportation industry has undergone a significant transformation with the emergence of startups like Uber and Lyft as now everyone can have a convenient, on-demand ride at the tap of a button.

How to?

You may think of tech startup ideas like eco-friendly transportation options with electric vehicles or bike-sharing services. Some startups also implement Uber-like apps not only for personal rides but also for cargo transportation. 

Final words

We hope that our list of 15 best tech business ideas revealed the immense potential for innovation and inspired you to take your first steps in the startup world. 

If you feel uncertain about how to plan the whole process and hire developers for your startup, you’re not alone in this journey. Reach out to the SolveIt team to get a free consultation and start with your own app with ease.