Top 7 Software Product Ideas for Startups In the year 2021

Today, software has become a vital part of our existence; it is hard to think of any action or process we undertake today that is not aided by some form of software.

There is no doubt you have used some software products; after all, the internet is made up of them. The sites you use every day, such as Google, Facebook and Twitter, are good examples. Amazon and eBay both are also fine examples of software products that are used on a regular basis. 

What is a Software Product?

Software as a product (also known as SaaP) is a software product that is sold to customers, where customers pay a license fee to use the product. This contrasts with SaaS, which is a subscription-based service where the software is hosted centrally. 

The four basic types of software products are: system software products, programming software products, application software products and embedded software products.

If you are someone who is looking for software product ideas, this is the article for you. Here are a few top software product ideas for startups in 2021:

1.       A Customer Relationship Management Software

Startups can sell this software to a number of companies on the market. You will receive a subscription-based payment. You will receive payments from your customer periodically. The frequency of the payments may vary on a quarterly, six-monthly or yearly basis. Industries benefit greatly from customer relationship management. This is because this software performs important tasks. Nearly every company nowadays utilizes CRM software. Creating a CRM and marketing it is therefore an interesting software project idea.

2.       A Food Inventory Software

The management of food inventory is a problem faced by numerous grocery stores, virtual kitchens and small restaurants. The software you offer can be suitable for these companies. There are many aspects of food inventory management that you can work on. This provides you with a vast pool of potential customers.  Your software can help the restaurant and grocery stores track their inventory in real-time, optimize their food safety and also decrease wastage. 

You can think about what all you can do with food inventory software and get ready to run your startup!

3.       A Medical Software

Software that maintains electronic medical records for patients is called Medical Software. The entry of patient records by hand is error prone and many clinics and hospitals prefer to automate the process. Therefore, you can tell these clinics and hospitals about the benefits of your medical software.    

Statista estimates that the global market for medical software will surpass 11 billion USD by 2025. In other words, the area is clearly one where good opportunities exist. The healthcare software development industry offers a variety of companies that can help you to turn your idea into reality.

4.       A Software that Converts Audio Files Into Text

Users can convert audio files into text with this kind of software. As and how audio is converted into content, search engines can more easily access it. This type of software is in demand. Additionally, competition for this type of software is low. There is a reason for this: this software utilizes Machine Learning, a relatively new technology that is comparatively lesser known. Thus, it is possible to develop software that converts audio to text and to enter the market.

5.       A Software For Converting Images into Text

Software of this kind is normally used in order to convert pdf files into text which can be edited. You, as a software developer, can develop these types of applications and charge a good amount of rent for them. As pdf files are increasingly being converted to text, such software is needed more and more. The majority of tasks these days are done on computers and needed in almost every kind of profession, thus creating a high demand for them.

6.       A Software That Performs the Role of a Health Inspector

Since Covid, almost everyone has become more health conscious. In order to get a health checkup, everyone should visit their doctor, but they must remember and schedule appointments for themselves. A health inspector can remind a user to get a checkup by telling when the next appointment is due. Additionally, the system will automatically text if an appointment has been approved as well as notify the user. This kind of software can prove to be very helpful to senior citizens and youth who stay alone. 

7.   A Tours & Travels Software That Runs With AR/VR

Finding places to visit in a foreign country can be difficult. A tourism app like this can be a great way for people to stay in touch when they are away from home on vacation. The app's purpose is to provide the users with a brief description of the best tourist attractions, restaurants, and other fun things to do during their vacation.

The use of AR navigation can make your travel much more enjoyable and engaging. Additionally, you can shortlist places more effectively with VR-based features such as virtual tours.

Conclusion

It is true that ideas are valuable. Different types of software development methods are becoming more common in order to pursue newer possibilities. Computing and software development have evolved significantly over time on the whole. Investments are worth making in-house software ideas to start your own business or as an additional source of income that might turn into something big.

Author Bio:

 Harikrishna Kundariya, a marketer, developer, IoT, ChatBot & Blockchain savvy, designer, co-founder, Director of eSparkBiz  Technologies. His 10+ experience enables him to provide digital solutions to new start-ups based on IoT and ChatBot.

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