- The USA is the largest technology market in the world, making up 33% of the total US$1.6 trillion revenues in 2020
- AI is taking the world by storm. According to PWC, global GDP will increase by US$15.7 trillion or 15%
- Security hacks are increasing on a larger scale. Just see the recent SolarWinds Orion systems hacks, which lead to the biggest US government hack in years
- Companies spend 46% of their budget on content creation. But 78% of companies only have a team of 1 to 3 content specialists
The best advantage of setting up a business in the USA is that it is one of the worlds most developed nations with a great business environment, lots of customers, and a massive market to sell and earn millions.
The USA is the largest technology market in the world, making up 33% of the total US$1.6 trillion revenues in 2020. According to IDC, the global IT industry still grew by 4.2% during the pandemic as other industries fell. This makes it an excellent choice and the USA, the best marketplace, for entrepreneurs and investors to startup. We’ve put together a list of the most profitable IT business ideas to start in America for 2021.
Have a read through and once you’ve made an inspired decision, use our business plans to take action towards starting up your dream business idea.
1. Data research, entry and management
The number of global internet users grew by 83% from 2.4 billion in 2014 to 4.4 billion by 2019, so too has the way people use the internet and the data this creates. Companies and governments everywhere need data to understand their consumers, markets, trends, and make key decisions. They would pay a lot of money for software that could collect and interpret data, professional data researchers or analysts, and the infrastructure to house data like servers. You can set up a company that offers one aspect, or the whole end-to-end, of data management and earn large profits in the US.
2. Artificial Intelligence (AI) management and implementation
AI is taking the world by storm. According to PWC, global GDP will increase by US$15.7 trillion or 15% because AI will bring productivity gains from businesses automating processes like robotics or assisting workers, and increased demand for AI-enhanced products and services. North America will experience some of the biggest gains. Why not capture some of this revenue by starting up a business that offers AI software, hardware, devices, robotics, digital administration, assistants, or implementation with other companies or software.
Security hacks are increasing on a larger scale. Just see the recent SolarWinds Orion systems hack, which lead to the biggest US government hack in years and a breach in the IT security of other companies and governments worldwide who use Orion. Almost every person, company, and government use electronic devices carrying sensitive data that needs protecting.
In North America, nearly 50% of CEOs are concerned about cyberthreats. Setting up a business that helps address these concerns is very profitable. Target Small to Medium-Sized Enterprises (SMEs), as many larger firms generally use security software and services from large multinational IT firms.
4. Remote working consultancy
Since the pandemic working from home has become the new normal, especially in states that enforced much stricter social distancing restrictions. According to Staples 2019 Workplace Survey, 64% of employees said they want to work remotely some of the time, and 67% would consider leaving their jobs if their work arrangements became less flexible.
In the future companies will have to implement more flexible remote working arrangements. Setting up a business that helps SMEs implement software, security, VPNs, computer applications, and laptops for remote and flexible working can take advantage of this growing trend.
5. Content creation
Internet users want to view good content that is engaging and exactly meets what they are looking for, like blogs, articles, infographics, and videos. The Global Content report by Insight Slice, estimated that the global content market was at US$11 billion in 2019 and is expected to reach US$38.2 billion by 2030. North America has the largest market share with around a third. The US market is ripe for anyone wanting to startup a company creating content.
Good content is one of the most significant drivers of marketing and customer purchases. That’s why companies spend 46% of their budget on content creation. But 78% of companies only have a team of 1 to 3 content specialists. This presents a great opportunity for entrepreneurs to create content for companies with limited staff struggling to do it themselves. It’s also cheap to set up than other IT businesses as it only requires one person to create.
6. User interface (UX) and User Experience (UX) development company
Millions of websites and apps on various mobile phone platforms have flooded the market. This led to many customers downloading inferior looking and performing apps. If you have the right programming and design skills, you could provide better UI design and UX performance features for companies.
According to UX Studio trends in 2021 and beyond, there will be significant UI demand for unique storytelling animation, AI, augmented and virtual reality, 3D, ink trap fonts, and retro aesthetics. Creating these types of UI and UX will help your business stand out from competitors.
7. Customer Experience Management (CXM)
Simply put, CXM is the collection of data and using that to create reports or insights that organisations can then use to identify opportunities and customer needs. In 2019 the CXM USA market was worth US$2.62 billion, the global market which is anticipated to reach US$ 23.91 billion by 2026, was worth US$7.27 billion. According to Deloitte, larger companies generally use an average of 17 different applications and 28 data sources to collect analytics. This shows how essential CXM is for businesses to run smoothly.
Although the market is mostly dominated by large players offering CXM services, there is room for startups to provide cheaper options for SMEs and earn large profits.
8. Platforms for podcasts
Podcasts now reach over 100 million Americans every month. Many of these are free, but all offer podcasters a way to reach and market directly to customers. It’s why many celebrity personalities and companies now spend money on creating and launching great podcasts. Creating a platform customised for different clients to develop and launch podcasts is a great idea. Businesses are looking for similar apps to maintain their brand promotion.