Technology Related Business Opportunities in Vishakhapatnam

Vishakhapatnam, popularly known as Vizag, is going to be the next IT capital of South India. Recently 17 new IT and ITes companies were inaugurated by AP IT Minister N Lokesh Naidu.

India has become the digital capabilities hub of the world with around 75 per cent of global digital talent present in the country.

India’s IT & ITeS industry grew to US$ 167 billion in 2017-18. Exports from the industry increased to US$ 126 billion in FY18 while domestic revenues (including hardware) advanced to US$ 41 billion.

Spending on Information Technology in India is expected to grow over 9 per cent to reach US$ 87.1 billion in 2018.

The Information Technology boost has given way to many small businesses to flourish, as well as big brands to open their franchisees, which is attracting is a lot of entrepreneurs and start-ups to start their business in Vishakhapatnam. They are:

Refurbish Computers and Smartphone Business:

Since IT companies will use a lot of computers and people are dependent on smartphones and laptops for work and otherwise. Hence a refurbished computer and smartphone business is very profitable.

Server Building Company:

Servers are useful in telephony, internet and intranet connections for corporate organizations as well as high-tech societies and IT companies. Hence tech-savvy entrepreneurs look for business, where they can use their skills and knowledge.

It is another profitable and thriving business opportunities for entrepreneurs.

Computer Parts and accessory business:

Almost every home has a computer and almost every office is run with the help of computers, hence opening a business where computer parts and accessories can be sold, is also a very profitable opportunity for those who want to become entrepreneurs or startup owners.

Computer Service Centres:

If there are computers used in corporate offices, banks, IT firms, houses, they need constant updates and get sanitized on a timely basis, this is where computer service centres, come into play.

Computer service centres are a low investment and the highest profit earning businesses in today’s time.

Software Developing and Selling:

The technology is changing every day, which is why the needs to keep the computers bug free and protect them from viruses, new applications and software are being developed. To keep the world virus and bug-free, demand for software developers and sellers has increased.