Tech trends for today’s startups

Tech trends for today’s startups

Businesses and startups around the world are making extraordinary progress in digital transformation. Many established startups and companies that have already gained prominence in the market are making efforts to drive change. All of them are on strive to cope with the effect of COVID-19, which has led to the closure of many tech companies.

So if you are one to keep yourself and your startup on the tracks, here are a few tech trends that can greatly influence in 2021.

Low-code or No-code digital products

Digital products these days barely require a pro-level developer to build a product from scratch. Thanks to no-code or low-code platforms, they have gained much traction across several industries in recent years. These platforms are seen as a bounty to improve industry challenges. They are generally in the form of applications and websites that have a drag-and-drop interface, so users require no programming skills or knowledge to use them.

Unlike the conventional approach to application development, the use of low-code platforms can allow startup founders to put their ideas into a tangible and functional form faster than the time it takes to hire an experienced developer. Low code abstracts and automates each stage of the application lifecycle to enable fast delivery of software solutions. According to Brandessence Market Research, the low-code market is expected to reach $65.15 billion by 2027. 

Telemedicine and Digital Healthcare

The telemedicine ecosystem has seen a considerable increase in recent months as the pandemic has massively infected millions worldwide. Most public and private hospitals and healthcare professionals have begun harnessing the power of digital healthcare with advanced technologies to better suit their needs at this point of time that needs a rapid response. In fact, the global telemedicine market was estimated at USD 55.9 billion in 2020 and is expected to reach a compound annual growth rate (CAGR) of 22% from 2021 to 2027. Telemedicine is a big boon for startups focused on providing quality health services.

Educational Technology

The COVID-19 pandemic has spurred the adoption of digital technology in the education system. The global edtech market was estimated to grow by 15% in 2020 and about $ 7.61 billion. By the end of 2019, digital education hit the peak as a result of the challenges imposed by the pandemic. And ever since, the market is expected to grow at a CAGR. of 8 percent till 2026. This growth will provide opportunities for education tech startups to make significant progress towards digital education. Byju, Udemy, Coursera, UpGrad, Simplilearn, and Udacity, among others, are some of the best EdTech players in the current market.

All in all, technology has a crucial role to play today, transforming how people and businesses live and work. And so it is vital to upgrade ourselves and our business to help stay on track.

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