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Distribution of startups worldwide by industry
7.1% of the startups in the world operate in the Fintech industry. Followed by Life sciences and healthcare with 6.8%, Artificial intelligence with 5.0%, Gaming with 4.7%, Adtech with 3.3%, and Edtech with 2.8%. Even though there isn’t completely accurate data about industry distribution, it’s clear that modern startups gravitate towards the internet and digital technologies. With this information, we can also see which industry is best for startups at the moment.
Which countries have the most startups?
The United States is the leading country by the number of startups (71,153) by a long shot. The second on the list is India, with just 13,125 startups, and the third spot is occupied by the UK, with 6,220 startups. To put things into perspective, the US has almost three times more startups than the rest of the following 9 countries in the world combined.
Around 50% of Unicorn companies are located in the United States.
Second place is held firmly by China, with 25% of all unicorn companies in the world. Third and fourth places are constantly being traded by India and the United Kingdom, with about 5% of unicorns or around 20 companies each.
Some other interesting facts:
The highest-valued private startup in the world is Bytedance from China ($75 billion).
Over 69% of startup companies started as home businesses.
Only 40% of startups are able to become profitable.
Competition (19%) is the greatest challenge when starting a business.
58% of startups have less than $25,000 at their disposal during the startup phase.
60% of entrepreneurs agree that AI is currently the most promising innovation technology.
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References / Read More: https://firstsiteguide.com/startup-stats
Disclaimer: This information has been collected through secondary sources, primarily from www.firstsiteguide.com and www.statista.com "The views, information or opinions expressed in the article are solely those of the secondary sources from which the material is collected and do not necessarily represent those of 'Applied Researches' and its employees. ‘Applied Researches’ is not responsible for any error in factual information mentioned in the article."