- Friday, April 26, 2024
By: Eastern Eye Staff
There are several Eastern tech industries seeing startup success in 2021. According to recent reports, Eastern startups have strong support from many major tech hubs, incubators, and accelerators. Indeed, Eastern tech startups are receiving more funding as more investors recognize how these businesses can drive economic growth. As an entrepreneur, you should know which sectors are seeing the most success. This way, you can start a profitable business that is popular among capital investors. Of course, investing in a growing industry gives your startup a much higher return on investment. Read on to discover the top Eastern tech industry sectors seeing startup success in 2021.
Web Hosting & Development
First, web hosting and development are one of the most successful tech industry sectors in the Middle East. Notably, some companies who provide web hosting and development services also do online marketing. By providing services designed to fuel business growth, this industry sector has been attracting a growing number of clients. For example, one major web hosting provider has developed over 1000 websites since it has started operating. Additionally, over 3000 clients have started utilizing its web hosting services. Naturally, this is drawing more investors to the sector, fueling more startups. With such high business success and client growth, web hosting and development is a profitable startup opportunity to pursue in the Middle East this year.
Video Game Development
Next, video game development is another popular Middle Eastern tech sector seeing startup success. Notably, many video game development tools have been improving, allowing developers to accelerate their deployments. For example, many enterprises use a container registry by JFrog to support to store and organize their Docker images. Once installed, this containerization software provides reliable, efficient access to your Docker container registries. Additionally, this tool is massively scalable, providing storage for some of the world’s largest organizations. With on-prem, hybrid, and multi-cloud environments, it can support video game development businesses for the long-term. Definitely, robust tools are supporting success in video game development sector.
Mobile Payment Software
In addition, mobile payment software is another profitable startup opportunity to consider. Notably, many consumers are turning to mobile wallet companies. For example, some of the most successful mobile wallet companies allow customers to use their existing phones as a payment tool, regardless of the handset or operator. Additionally, mobile money platforms often provide services through a variety of channels, such as secure SMS, interactive voice response (IVR), WEB, and USSD. According to recent reports, mobile payment companies have been able to secure over $1 million from top investors. Thus, mobile payment software is a lucrative tech industry sector for Eastern startups.
Agri-Tech
Moreover, the agri-tech sector is also seeing success among new businesses across the continent. Notably, some agri-tech companies are designed to bring funding to agricultural professionals and farmers. For example, one major agri-tech startup provides funding from farmers utilizing a crowd farming platform. This allows individuals to become part of the Middle East’s agricultural value chain by allowing them to invest in crops and livestock. In addition, they can share profits with the farmers when the produce goes to the market. Since this funding is free of collateral, it is attracting many investors in the tech industry. Absolutely, consider launching a startup in agri-tech to leverage the future of farming.
EdTech
Furthermore, ed-tech is another major tech industry sector in the far east. Typically, ed-tech companies are focused on developing software to help students engage with material and improve learning experiences. For example, on ed-tech company recently developed an app to provide students with artificial reality (AR) experiences. Importantly, this allows them to interact and experience science at a macro molecular level. With a VR headset, it also creates a more memorable experience for students as well. As schools reopen from COVID-19, there is expected to be a high demand for the latest ed-tech advancements. Certainly, consider a startup in the ed-tech sector if you have an idea that could improve students’ learning experiences.
There are several Eastern tech industries seeing startup success in 2021. First, many web hosting and development companies are attracting customers as business needs grow. Next, robust tools are also fueling video game development throughout Middle East. In addition, mobile payment software is another profitable startup sector to consider. Moreover, many companies are also seeing success in agri-tech. Furthermore, as schools reopen, demand is expected to increase in the ed-tech sector. Consider these Eastern tech industry sectors seeing startup success in 2021.
