Grow Startup Sector

(20, March)

 •From this Data Analysis File, you can get information about the Best Startup Growing Sectors of the last few years.

Also, using this information, you can also see Startup Investment, Startup Funding, Startup Growth, Industrial Analysis,etc.


1.Artificial Intelligence (AI)


Artificial intelligence (AI) is the ability of a computer or a robot controlled by a computer to do tasks that are usually done by humans because they require human intelligence and discernment. 

•Growth of Artificial intelligence in India 

India’s Artificial Intelligence (AI) market is expected to reach $7.8 billion by 2025 growing at a CAGR of 20.2%, as per an International Data Corporation (IDC) report.


The AI software segment would dominate the market and grow from $2.8 billion in 2020 at a CAGR of 18.1% by the end of 2025. Under the software (AI) category, applications brought in the largest share of revenue, a 52% growth over 2020.

Organisations were leveraging multiple AI applications such as CRM, ERM and others to manage operations, scale supply chains in response to real-time or predicted demands and also improve ROI and achieve cost savings, found the study.

“Indian organisations plan to invest in AI to address current business scenarios across functions, such as customer service, human resources (HR), IT automation, security, recommendations, and many more. Increasing business resilience and enhancing customer retention are among the top business objectives for using AI by Indian enterprises,” said Rishu Sharma, Associate Research Director, Cloud and AI, IDC India.

The study also found that major reasons for the failure of AI projects included disruptive results of current business processes and lack of follow-ups from business units.
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•AI demand in India 
Industry reports suggest that AI/machine learning investments in India will continue to grow at a CAGR of 33.49 per cent till 2023.
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•Artificial Intelligence Growth
Artificial intelligence software market growth forecast worldwide 2019-2025. In 2020, the global AI software market is expected to grow approximately 54 percent 
year-on-year, reaching a forecast size of 22.6 billion U.S. dollars.
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•AI Future In India 
Artificial Intelligence has got a bright and promising future in India. AI has the possibility to add $957 billion or 15% of the present gross value – to the Indian economy by 2035. AI can provide large incremental value to sectors, for example, energy, retail, manufacturing, healthcare, education, and agriculture.
2.Wearable Technology
Wearable technology, wearables, fashion technology, smartwear, tech togs, streetwear tech, skin electronics or fashion electronics are smart electronic devices (electronic device with micro-controllers) that are worn close to and/or on the surface of the skin, where they detect, analyze, and transmit information concerning e.g. body signals such as vital signs, and/or ambient data and which allow in some cases immediate biofeedback to the wearer. 
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•Thesaurus 
In this page you can discover 9 synonyms, antonyms, idiomatic expressions, and related words for wearable, like: article of clothing, wear, habiliment, unwearable, mididancer, miniaturise, multifunctional, clothing and vesture.
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•Market size

1,105 million
Wearables have gained significant traction, owing to the boom in the fitness trend across consumers. According to Cisco Systems, the number of connected wearable devices is expected to increase from 593 million in 2018 to 1,105 million in 2022.
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•These are the 11 things that you should keep in mind when designing for wearables.
Design For Glanceability. ...
Design for Context. ...
Design Lightweight Interactions. ...
Keep It Simple. ...
Design a Clear Minimalistic Interface. ...
Minimise Interruption. ...
Opt For More Privacy. ...
Leverage Non-Visual User Interface.
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•What is a concern with wearable technology within the future of this industry?
One of the key challenges facing current wearable computing devices is the lack of killer apps. Without a variety of robust apps serving the different needs of consumers, the future of wearable devices will be cloudy at best.
3.Health

 

Healthcare has become one of India’s largest sector, both in terms of revenue and employment. Healthcare comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment. The Indian healthcare sector is growing at a brisk pace due to its strengthening coverage, services and increasing expenditure by public as well private players.


Indian healthcare delivery system is categorised into two major components  public and private. The Government, i.e. public healthcare system, comprises limited secondary and tertiary care institutions in key cities and focuses on providing basic healthcare facilities in the form of primary healthcare centres (PHCs) in rural areas. The private sector provides majority of secondary, tertiary, and quaternary care institutions with major concentration in metros and tier I and tier II cities.

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Market Size


The healthcare market can increase three-fold to Rs. 8.6 trillion (US$ 133.44 billion) by 2022. In Budget 2021, India’s public expenditure on healthcare stood at 1.2% as a percentage of the GDP.

A growing middle-class, coupled with rising burden of new diseases, are boosting the demand for health insurance coverage. With increasing demand for affordable and quality healthcare, penetration of health insurance is poised to expand in the coming years. In FY21, gross direct premium income underwritten by health insurance companies grew 13.3% YoY to Rs. 58,572.46 crore (US$ 7.9 billion). The health segment has a 29.5% share in the total gross written premiums

earned in the country. Recent developments. Indian medical tourism market was valued at US$ 2.89 billion in 2020 and is expected to reach US$ 13.42 billion by 2026.

•According to India Tourism Statistics at a Glance 2020 report, ~697,300 foreign tourists came for medical treatment in India in FY19. India has been ranked 10th in the Medical Tourism Index (MTI) for 2020-21 out of 46 destinations by the Medical Tourism Association.

By FY22, Indian healthcare infrastructure is expected to reach US$ 349.1 billion.
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4. Education
India holds an important place in the global education industry. India has one of the largest networks of higher education institutions in the world. However, there is still a lot of potential for further development in the education system.

With ~26.31% of India’s population in the age group of 0-14 years, India’s education sector provides numerous opportunities for growth.
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Market Size
 

Ratio in higher education in India was 27.1%. ICAR is one of the largest national agricultural organisations in the world. It has 122 institutes and 67 agricultural universities across India, as of July 2021.

•In 2020-21, there were 9,700 total AICTE approved institutes. Of the total, there were 4,100 undergraduate, 4,951 postgraduate and 4,514 diploma courses in AICTE approved institutes. According to the National Institutional Ranking Framework, 7 positions were bagged by prominent Indian Institutes of Technology out of the top 10 institution rankings in 2020.

As per the QS employability rankings 2022, the Indian Institute of Science (IISc), Bengaluru, six Indian Institutes
of Technology (IITs), Delhi University, University of Mumbai, University of Calcutta, OP Jindal Global University, Sonipat and BITS Pilani were among the top 500 universities.

•According to KPMG, India has also become the second largest market for E-learning after the US. The sector is expected to reach US$ 1.96 billion by 2021, with about 9.6 million users from US$ 247 million and around 1.6 users in 2016.
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•Future of education industry in India
The education sector in India was estimated at US$ 91.7 billion in FY18 and is expected to reach US$ 101.1 billion in FY19. In India, the edtech market is expected to reach US$ 4 billion by 2025, from US$ 750 million in 2020. In 2020-21, there were 9,700 total AICTE approved institutes.




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