The Best Industries for Indian Startups in 2013
Startup companies are becoming really popular in Cochin now. New startup companies are coming up every day and most of them are also able to create a niche for themselves in the market.
Long gone are the days when entrepreneurs were not well supported in the state. The Kerala government has in fact introduced many economic policies favoring entrepreneurship development in this year.
When you are planning a startup business, you need not always have an idea. The ideas can come up on the basis of requirements in the market. Flipkart came up when Sachin and Binny Bansal found out the scope of an e-commerce site for the Indian market.
Here is a list of hotspots that entrepreneurs can venture into in 2013, according to Forbes.
Translation services: The global tech market is in immediate need of translation services for the IT market. Though the current requirement is mainly for German and Spanish translators, soon there will be a need for other language translators as well.
TV and Home Theater Installation Services: When young graduates are being paid really well, they look forward to buying all the latest gadgets in the market every now and then. Though there are people for selling the products, the retailers would love to have someone who can deliver and setup the devices for the customers. When these services are offered at a competitive price, retailers can use this as a cost cutting technique as they will not have to spend their resources on this service for customers
Travel Agencies: Though several portals like Makemytrip and GoIbibo.Com have already established themselves in this market, the requirement of such services is still very high in the Indian market. People really don’t want to spend their precious time for booking train tickets and bus tickets and this is where entrepreneurs can make a business.
IT Security Consulting: As the companies start spending more and more money on technology, online security is becoming a very important aspect and this is why the requirement for IT security services will keep growing at a very fast rate.
Digital Forensic Services: Computer Forensics is becoming a big requirement and it deals with the legal evidence that is found in computers and other digital media.
Online shoe stores: Though ecommerce stores are plenty in the country now, there is still scope for new ventures in this industry. People will keep looking for better deals and for the brands that they want.
Virtual Data rooms: Online data sharing is becoming very common these days as such services help to increase the trust of the services offered.
Social network game development: The exponential growth in the Smartphone market has also resulted in a steep increase of the active user base in social media networks. Social media games are a top hotspot in such networks. Interesting games available online are going to find user any day. Developing 3D online games is the need of the hour and startups can invest in this area to find themselves in a gold mine, if successful.