The modern startup scene is straight fire, pushed by lit tech and ever-changing consumer wants. Here we’ll scope the top 7 trends (out of 28 we’ve discovered in the original article!👇) setting the startup landscape ablaze in 2024.
1. AR/VR Hustlers
Augmented reality (AR) and virtual reality (VR) are changing the game for industries like gaming, education, healthcare, and enterprise solutions. The AR/VR hype is forecasted to blow up big time, with 25% of users projected to spend at least one hour daily getting their VR/AR fix by 2026. Fly startups here include Hololight, Atlas, and Fast Travel Games.
2. Web3 Trailblazers
Web3 hustlers are leveraging blockchain to decentralize the internet and unlock new bank, y’all. Even though Web3 has major potential, a chunk of the US peeps still ain’t heard of it. However, startups like Zyber 365, Covalent, and StormX are already making major noise in this space.
3. Cybersecurity Startups
With the increasing prevalence of cyber threats, cybersecurity startups are focusing on developing innovative technologies and strategies to protect individuals, businesses, and organizations. Startups like Lightspin, Okteto, and Privacera are addressing various aspects of cybersecurity, including threat detection, encryption, network security, and incident response.
4. Cloud Computing Startups
Cloud computing startups are providing on-demand, pay-as-you-go services via the internet. This market has experienced significant growth, with end-user expenditure on public cloud services reaching nearly $600 billion in 2023. Notable startups in this space include Hadean, Kaleidos, and Legl, offering solutions ranging from infrastructure as a service (IaaS) to cloud security and data migration.
5. Quantum Computing Startups
Quantum computing startups are harnessing the principles of quantum mechanics to develop advanced computing technologies. These startups focus on quantum algorithm development, hardware design, error correction, software, machine learning applications, and more. Q-Ctrl, PASQAL, and Quantum Machines are leading the way in this field.
6. 3D Printing Startups
Additive manufacturing technologies have paved the way for 3D printing startups to create three-dimensional objects layer by layer. These startups offer services such as rapid prototyping, customized production, material innovation, and industrial and consumer 3D printers. CGTrader, Multiply Labs, and Additive Industries are among the notable startups in this space.
7. Super Apps
Super apps are all-in-one applications that address various customer needs, including food/grocery delivery, digital payments, e-commerce, video streaming, and travel services. These apps provide convenience, easy access, and flexibility. Getir, Dukaan, and Apna are some of the key players in the super app market, which is projected to grow at a rate of 27.5% by 2032.
These trends are reshaping the startup ecosystem and creating new opportunities for entrepreneurs and investors. Whether it’s leveraging AR/VR technology, exploring the potential of Web3, or addressing the increasing cybersecurity threats, startups that embrace these trends have the potential to thrive in the ever-evolving market.
However, it’s crucial for startups to have a strong team behind their products to ensure success in this competitive landscape and Upsilon could be the perfect techie team for you. Just contact us!
