Are you looking for some software ideas for starting your own software development business? If so, then you have arrived at the right page because here you will discover some of the most in-demand software development business ideas.
The software development industry is an evergreen one which is continuously booming and upgrading to adapt to the newer challenges and requirements of our progressive world. The software development industry is an integral part of the IT industry.
Microsoft spends approximately $17.2 billion on R&D annually. The global software market was valued at US$ 547.2 billion in 2021and it is expected to reach a value of US$ 872.72 billion by 2028.
Though this industry experienced a temporary setback in 2020 due to the COVID-19 outbreak, it is reviving quickly. As per Evans Data Corporation, the number of software developers in the world is expected to rise to 27.7 million by 2023.
Following are the software development trends in 2024 as a lot of research and development is being focused on these areas:
- The Blockchain Technology
- Cross-Platform Development
- Progressive Web Apps
- Internet of Things
- Cybersecurity
- Use of Scanners & Sensors
- Cloud Services
- Development of Immersive Technologies
Popular software ideas for the future
Now that you have understood the basics of software development, let’s take a closer look at the 32 best software projects idea in 2024.
ERP Software
Enterprise Resource Management is a software solution for big organizations, business enterprises, and even educational institutions that automates various manual tasks and helps monitor daily business activities under a single system. By 2024, the ERP solutions market is expected to grow up to $49.5 billion.
They can be designed with UI/UX. Commonly used programming languages are C++/C# (Windows platform), Swift/Objective-C (macOS), Angular, JS and Node.JS (web apps).
Example of ERP Software – Oracle NetSuite ERP.
CRM Software
The next software idea would be designing CRM (Customer Relationship Management) software. A lot of startups can, in turn, become your customer as they are in constant need of such tools.
CRM software helps institutions with work management and integrates several divisions of larger organizations such as sales, marketing, and customer support.
Example of CRM Software – Salesforce Sales Cloud.
Healthcare Software
Hospitals, clinics, nursing homes worldwide are in need of good healthcare software. The multiple categories of healthcare software include Electronic Health Record Software, Medical Diagnosis Software, Medical Database Software, E-Prescribing Software, Hospital Management Software and many more.
The global medical software market is expected to expand by 2025 and could reach an estimated value of $11 billion. A similar expansion estimation is reported for the mobile medical apps market too.
Example of Medical Database Software – Medical Database Seven.
Sentiment Analysis System
Once Amazon has delivered your shipment, the next thing that Amazon does is ask for a product review, isn’t it? Accurate evaluation of product rating is extremely crucial for e-commerce stores.
Thus, here is an excellent software development idea for your startup. You can make a sentiment analysis system for e-commerce vendors. This software system utilizes a sentiment-based keywords database to evaluate and analyze the overall rating provided by customers.
Example of Sentiment Analysis System – Google Cloud Natural Language API.
Fingerprint-Based ATM System
This is another new area of software development which leverages fingerprint scanning technology to help users access their bank accounts in the ATM in a more secure and authentic manner.
This is a futuristic technology as it will allow people to withdraw money from ATMs without their debit cards. People can simply gain access through their fingerprint and ATM pin to withdraw cash and perform other activities.
Cloud-based Presentation Software
These are cloud-based, Software as a Service (SaaS) presentation designing tools which come quite handy and are enabled with a myriad of useful features, thanks to the SaaS Development Companies making this possible. Thus, these software can be used to publish presentations to the web, can be shared with others easily, and offers plenty of other benefits.
Example of Cloud-Based Presentation Software – Google Slides.
Project Management Software
In 2020, when the COVID-19 pandemic hit the world with its massive blow, people were forced to work remotely. In such times, PMP software has come to the rescue of many organizations.
These tools help to keep track of different phases of larger projects, promotes team collaborations, helps to manage offshore teams, and much more.
Example of PMP Software – Jira is an agile project management tool.
Invoicing Software
Designing an invoicing software is another great idea in today’s time. It helps businesses manage all billing related tasks more efficiently and even helps with sending customized invoices to customers.
Some of these software are enabled with excellent features like a real-time dashboard, automating recurring invoicing tasks, and sending out overdue reminders to clients automatically.
Example of Invoicing Software – Scoro
Blockchain-Based Invoicing App
Here is an advanced solution to the billing and invoicing requirements of businesses. These software apps are designed with the help of blockchain technology and leverages technologies like smart contracts, ethereum, and hyperledger.
Blockchain can trace any transaction. Thus, this ability of blockchain technology comes in handy for calculating taxes and billing-related details faster. This in return helps generate invoices quickly and manage the business better.
Business Communication Software
The business communication software tools are created for facilitating communication between team members within an organization. These tools are not just limited to chatting purposes but also facilitates file sharing, document collaboration, video conferencing, and a lot more.
Example of Business Communication Software – Slack.
Automated Payroll System
Developing an automated payroll system is another profitable business idea in the field of software development. These software systems minimize manual tasks related to rolling out payments of employees on time without delays and hassles.
Thereby, these tools also come in handy for enterprises in calculating the total amount of wages quickly, assists in easier tax calculations, makes financial record keeping a more robust process, and ultimately assists in better financial planning.
Data Leakage Detection System
Nowadays data is the most expensive asset of businesses as well as individuals. Yahoo holds the biggest record of a data breach that has ever happened in the history of data breaches with 3 billion compromised accounts. Hence, people frantically want to protect their data.
Therefore, this is a promising area of software development where you can design an optimum data leakage prevention system. An advanced system can thus prevent data loss from its original source.
Hotel Booking Software
Another demanding area of software development is hotel booking software. These software come to traveller’s aid with easy hotel booking processes. Designing these types of software is easy and quite profitable because the hospitality business keeps running always.
Example of Hotel Booking Software – Booking.com
Hotel Management Software
Starting from front desk services to billing, bookings management, revenue management, and much more can be handled by cloud-based hotel management software.
Example of Hotel Management Software – Oracle Hospitality.
Credit Card Fraud Detection Software
Credit card fraud detection systems are capable of analyzing user behavior patterns with the help of ML. These tools rely on location scanning techniques to detect fraudulent activity. They also store past transaction data of users and with this data, calculates the standard user behavior patterns.
Thus, upon detection of scrupulous activities, these systems can raise alerts and even block the credit card after three failed attempts. This idea for software can thus be explored by startups.
Food Inventory Software
Keeping stock of inventory in grocery stores can be quite a tedious task. Thus, this problem can be addressed by food inventory software. These tools can also be used in restaurants, food delivery app-based businesses, and large departmental stores.
Example of Food Inventory Software – GoFrugal.
AI Shopping System
In the era of AI, designing an AI-based shopping system can be an excellent business opportunity for those seeking to launch their own startups. The AI shopping systems can study the search and shopping patterns, purchase history, and are enabled with a record of frequently used keywords. They also have data of wide products pre-fed into them. This ultimately assists users with their shopping activities.
E-Learning Software
E-Learning platforms are popular these days with schools, colleges, and various certification providing institutions. A wide range of features are included in < href=”https://www.esparkinfo.com/elearning-development.html”>E-learning software development services. These platforms make knowledge sharing easy.
Various online learning platforms are based upon cloud computing infrastructure and Learning Management Systems (LMS).
Example of E-Learning Platforms – Udemy.
Camera Motion Sensor System
Motion detection and alarm triggering systems are based upon motion detector algorithms to detect movements in real-time and trigger alerts. Thus, users can set a security code for these systems to trigger alarms. Developing these systems can hence be quite an opportunistic business idea.
Plagiarism Detection Software
If you are still looking for innovative software project ideas, then here is a trending scope of software development. These tools are capable of detecting plagiarized content which is not preferred by Google, media, publishing agencies, and educational institutions.
Example of Plagiarism Detection Software – Copyscape.
Audio to Text Conversion Software
This kind of software works with the help of Machine Learning to convert audio to text format as it is more compatible with search engines. These are cloud-based automatic speech recognition software that can easily convert audio files to text files.
Example of Audio to Text Conversion Software – Amazon Transcribe.
Daily Horoscope Software
Astrology is one area of software development which will never lose popularity because people are always curious to know what will happen to them in the immediate and distant future. Software platforms which can predict daily horoscopes, monthly and yearly horoscopes plus calculate birth charts can be a prolific software business idea.
Example of Astrology Software – Time Passages Astrology Software Version 6.0.
Bug Tracker
After software development, developers need to see if bugs are disrupting the functioning of the newly built software. Thus, a bug tracker application can automatically help to detect bugs before the end-user version is released in the market.
Software Piracy Protection System
Software piracy is one of the biggest threats to the software industry. Thus, software piracy protection systems can prevent hackers from gaining access to the full version of the software by violating copyright protection.
Disaster Alert App
Cyclones, Hurricanes, Earthquakes, Flash Floods, and various other forms of natural disasters can nowadays be predicted with the help of various geographical indicators and advanced weather forecasting technologies. Thus, based on these indicators you can design an emergency alert software.
Example of Disaster Alert App – AccuWeather.
Screen Recording Software
Screen capture software is easy to design and quite useful most of the time. Some such tools come with annotations and audio narration features. Some tools can even record the screen in HD quality.
Example of Screen Recording Software – Screenrec.
Consumer Complaint Software
These are useful tools which can be installed by products and service providing companies to register the complaints of consumers automatically. So, this is another nice software development business idea for starting a business.
Text to Speech Software
Text to speech software is a speech synthesis app that can read digital and written text loudly. These tools are useful for students, professionals, visually challenged people and even dyslexic people.
Example of Text to Speech Software – Notevibes.
Car Parking Software
Finding parking space in parking lots is so critical sometimes. Thus, such software applications come in handy for drivers who can find parking space easily with the help of GPS.
Example of Car Parking Finder – Google Maps.
Image to Text Software
Developing such software is useful for many companies as these tools can convert pdf files to editable text format. These types of conversions are typically useful in data entry jobs and various data validation works.
Example of Image to Text Software – FreeOCR.
Artificial Intelligent Calendar Scheduler
This is another innovative software project idea which harnesses the power of AI technology. It is basically developed as a web service and mobile platform app in which the calendar is synced with the mail to keep track of meetings. Besides this, it can also automatically generate a schedule and reminder.
Time Tracking Software
These software apps are useful for organizations to detect the time spent by employees in the office and calculate their total productive hours.
Example of Time Tracking Software – ActiTIME.
Final Words
From the abacus to Alan Turing, who is regarded as the father of theoretical computer science and modern-day artificial intelligence and to the invention of mainframe computers in the early 1950s, the evolution of computer science and software development, on the whole, has really come a long way.
Today, the world is looking at newer possibilities and various kinds of software developmental approaches are coming into view which perhaps can even make it possible for humans to move to Mars soon.
So, this was a complete roundup on the best software startup ideas in 2024. Hopefully, you would be able to take your pick from the above-provided list to start your own business in the area of custom software development.
