Are you looking for profitable AI business ideas? Congratulations! Your search ends here as you stumbled upon this article. Today, you’ll find some of the best AI-based business ideas to launch your SaaS company.
You’ll also get insight into the AI market size, learn about the steps involved in the AI SaaS business foundation, and more. Hence, let’s begin our journey.
15 Best AI Business Ideas to Explore This Year
After extensive and labor-intensive research, we found the top 15 AI business concepts that you can consider to start your money-spinning company. Here they are:
1. AI-based Retail Assistance Solution
AI-powered retail assistance solutions can be your next AI business. Why? According to a new study by Grand View Research, the global AI in the retail market may be accelerated to $40.74 billion by 2030.
Therefore, if you establish an AI-based retail assistance solution to offer personalized customer support, recommendations, and hassle-free shopping experiences to customers, you can generate a huge chunk of revenue from this upwardly rising market.
That said, you may consider this lucrative business opportunity and make a good fortune with the help of AI.
2. AI-powered Healthcare Platform
AI-powered healthcare tools are among the best AI-based business ideas in recent times. These tools can transform the medical ecosystem, bridging the gap between patients and doctors.
Let’s say you build an AI-powered app that enables patients to automatically schedule meetings with doctors based on their availability.
This app will also manage the doctors’ meeting schedules for them without having them manually input the meeting time and date every time they see a patient. They just once set their availability time and forget about it.
We just gave you an idea here. You can brainstorm your own or research other profitable ideas in this industry. Remember that you need to solve an existing problem in the healthcare industry with the help of AI, and you are good to go.
3. AI in Energy Optimization
The energy market can be the next spot where you can use AI and generate impressive revenue for your business. How? Well, you can invest in developing an AI-powered energy optimization tool to help businesses save energy and money.
If companies see that your tool can study energy use and find ways to reduce waste, they’ll be highly likely to purchase your product.
Besides companies, many home users can show interest in your tool if it actually helps them lower their utility bills. All these said, it’s one of the lucrative AI SaaS ideas for you to tap into.
4. AI-based Entertainment Platform
Another lucrative business idea to consider is an AI-based entertainment platform. With the recent AI surge, the entertainment industry is experiencing a transforming change.
For instance, creators now use AI in content creation and audience engagement. This market is booming right now, thanks to AI's involvement. According to Research And Market, AI in the entertainment market will soar to USD 99.48 billion by 2030.
Image credit: Research And Market
So, you can build your business around this niche and hope to generate an impressive revenue monthly.
5. Generative AI-Powered Content Creation Tool
Next, we have another profitable business idea: generative AI-powered content creation. Since the development of Generative AI technology, the content creation industry has witnessed a massive change.
With the rise of generative AI-powered content creation tools, such as ChatGPT, Gemini, Jasper, Claude AI, Writersonic, and more, people can now create diverse content forms, from articles and graphics to personalized videos, in minutes!
That’s why this industry is growing So Fast. Based on Bloomberg's report, researchers assume that it will be a $1.3 trillion market by 2032.
This is impressive growth, and now is the perfect time for businesses to invest in generative AI-powered content creation tools and reap the benefits.
6. AI eLearning App
AI-powered eLearning apps can be a money-spinning AI business to start. Online learning tools boomed during the global pandemic when parents and children toggled between remote and on-school classes.
According to a report published in PR Newswire, AI in the education market is expected to reach $88.2 billion globally by 2032. That said, you can invest in building an AI-powered eLearning app that provides a personalized learning experience.
You can find problems that existing eLearning apps, specifically your competitors, aren’t solving. Then, try to solve those problems through your AI-powered education software.
7. AI-Driven Cybersecurity Software
The number of internet users is increasing daily, and so are cyber threats and data breaches. Thus, many people need strong shields against such harmful online incidents.
That’s where AI-driven cybersecurity software can come to the rescue. Imagine this: you build software that can identify and address cyber threats in real time. As a result, you protect individual user data and shield businesses against malware and security attacks.
Nonetheless, considering the competition in this business, you can brainstorm about a few more business problems in this market and offer practical solutions with your AI-powered cybersecurity app.
8. AI-based Software Testing Tool
For your information, the software market is a fast-growing industry, and its yearly revenue is skyrocketing. According to Statista, this industry will hit a jaw-dropping revenue of $858.10bn by 2028!
So, this is the right time to enter into this market. You can invest in developing an AI-based software testing tool that identifies errors and bugs in the early stages of software development.
As a result, users of this tool can rest assured that their final products will be robust and reliable. The other benefit your customers can receive is that they can save the time they usually spend testing bugs multiple times before reaching the final stage of software development.
You can come up with your own ideas and solve existing business problems with the help of AI. Therefore, you may start working on this profitable AI-based software testing tool business concept.
9. AI-generated Personalized Nutrition Plans
This is one of the best and easiest AI-based business ideas. The idea is that you can invest in creating an AI platform that analyzes individual health data and provides them with personalized nutrition plans.
Note: Before launching such an app, you need to work with certified nutritionists. You need to get those nutritional plans generated by your AI software reviewed by nutritionists before revealing them to the public.
10. AI Smart Home Management Systems
With time, we are getting smarter, and so are our homes. Today, you can easily find homes featuring advanced technologies such as automatic door locks and smart home security.
You can update those technologies by integrating them with AI. For example, you can develop an AI-powered smart home management tool.
And that tool can learn from users’ behaviors and preferences to automate various home management tasks, including temperature control, entertainment systems, lighting, and more.
You can develop various AI-based home automation systems and start selling them through your startup company.
11. AI-based Marketing Agencies
If you have a knack for marketing and are well-versed in marketing strategies, you can utilize AI tools to automate tasks related to marketing, build an AI-based marketing agency, and serve your clients.
In case you need ideas on how you can use cutting-edge AI technology to provide marketing solutions, here you go. You can choose AI for ad copywriting, ad image or video creation, campaign monitoring, audience identifying/analyzing, and the list goes on.
Hence, shake your hands with AI technology, develop and implement robust marketing strategies with a relatively lean staff, and provide excellent marketing services to your clients.
12. Agriculture AI Innovations
In today’s world, climate change is a noticeably bigger problem, impacting Mother Nature and our lives. However, thanks to AI technology, you can now take steps to tackle the challenges that climate change throws at us.
For example, you can use drones, AI algorithms, and sensors to track crops, soil data, and environmental conditions and offer innovative and intelligent farming solutions!
Aside from this, you can utilize AI to collect data across different farms and notify them about planting and harvesting schedules. By doing so, you actively participate in helping agricultural businesses.
13. AI Human Resources Recruitment Platform
There are a lot of scopes for utilizing AI in the field of human resources recruitment. For example, you can build a system, specifically an AI-based innovative recruitment platform.
This platform can analyze candidates’ resumes, evaluate their qualifications, and match them with appropriate job openings. Its integrated chatbot can also help recruiters answer common questions, schedule interviews, and monitor tests.
So, it can be a sought-after tool for recruiters and you can sell its monthly/quarterly subscription-based plans of this system to diverse businesses.
14. AI Customer Relationship Management System
It’s been a long time since people have used computer applications to monitor customer behavior. They have operated diverse CRM (customer relationship management) software to do this job.
Things have started to change since the rise of AI. Today, many companies use this technology to automate management tasks and achieve their work goals more efficiently.
That means there’s a big market if you can develop an AI-based CRM app that analyzes customer behavior, offers immediate assistance, and predicts future purchasing trends. This can be an ideal AI business idea to consider.
15. AI Social Media Promotion Businesses
The last idea we have in this article is to use AI for tasks related to social media promotion. You can create one or more AI-based tools that can track and monitor social media trends and predict viral content opportunities.
Besides this, you can get those tools to handle the automated posting of a business's diverse social media profiles. You can also give those apps the ability to assist social media managers in typing the appropriate messaging, correctly targeting the audience, and placing ads.
These are just a few ideas you can take into account while developing such apps. You can execute your own idea and start generating revenue from this massive market.
Take a Look at the AI Market Structure
The AI market is constantly moving upward. According to the Statista report, it reached beyond 184 billion U.S. dollars in 2024, a significant leap of nearly 50 billion compared to 2023. It is expected that this industry will be a 243 billion U.S. dollar market by 2025.
Image credit: Statista
Recently, EY conducted a survey to demonstrate a surge in AI experimentation by businesses worldwide. Through that survey, 254 tech leaders found that around 90% of the participants were exploring AI applications such as ChatGPT and Copilot (formerly Bing Chat), and 80% were aiming to increase AI investments in the forthcoming year.
Another report published by McKinsey & Company shows that AI technologies, specifically Generative AI, can significantly impact productivity across multiple business domains and it can add trillions of dollars to the global economy.
This market is expanding, and the business opportunities in the AI industry are wildly growing. If you build an AI-based business, you can generate impressive revenue from this market.
Things to Consider Before Developing an AI Business Tool
The more cautiously you plan and take further steps into your AI business, the higher the chance of becoming a successful entrepreneur increases. That being said, here are some of the significant steps to follow before diving into this market.
I. Conduct a Market Research
Before entering the AI business, it’s wise to conduct thorough market research to identify a problem and, using AI, solve that problem to create a business opportunity.
During this initial stage, you can spend more time and money on gathering market reports and idea validation. The amount of time and money you’ll need depends on the depth of the research.
It could take anywhere from a few months to several years and may cost you a few bucks to thousands of dollars or even more.
II. Collect Data
Once you find a perfect problem for your AI business, you need to conduct market research again to collect relevant data. Then, clean and preprocess the data to ensure it’s appropriate for training your chosen AI models.
III. Develop and Train the Model
At this stage, you need to choose the perfect AI algorithms for your AI-based app. Afterward, start training your software. Try to develop the app framework, integrate AI models, and iterate different versions based on performance.
The cost of software development varies based on diverse factors. Depending on the complexity of your AI-based app, you may need to spend from $5,000 to over $1 million.
IV. Test and Validate
Once you build your preferred software, it’s time for rigorous testing to ensure accuracy, performance, and reliability. You need to constantly check how your software solves real-world business problems.
Hence, spend as much time as you can on this stage and allocate at least 15% to 25% of your total budget to successfully pass the software testing and validation phase.
V. Deploy the Software
Okay, you can now deploy the software, monitor its performance, and update it when necessary. Remember that you may be required to spend a few thousand or tens of thousands of dollars yearly to monitor and maintain your software.
VI. Promote It
You have your AI-based software. You can now start promoting it through various channels, such as social media platforms, blogs, podcasts, and others. This will help you create awareness of your product and capture potential leads for your business.
Let’s now discuss how much money you need to shell out on this aspect of your business. It entirely depends on your marketing goals. You can spend a few thousand dollars or even more based on what you want to achieve through marketing.
FAQs on the AI Business Ideas
Is an AI Company Profitable?
Indeed, such a company can be profitable if you can use AI to provide innovative and practical solutions to existing business problems and correctly implement all the strategies associated with the AI app creation and promotion.
What is the Best AI Business to Start?
Based on our research, we found all the AI business concepts listed in this article are the best and most profitable. You can go with one or more business ideas and build your desired SaaS company around any of these ideas.
Final Thoughts
With the blast of AI technologies, you can now find AI in virtually all business domains and can effortlessly find countless AI business ideas. No matter which idea draws your attention, we recommend correctly researching the market before taking any further steps.
Also, smartly and efficiently manage all the processes related to AI-powered app creation, testing, monitoring, and promotion. Lastly, once you launch your software on the market, if you feel the need to have a dedicated and professional website for your business, you can consider Dorik AI.
We wish you good luck with your AI-based startup business.
