22 Trending Software Tool Businesses [2024]

Pat Walls

•

Updated: January 18th, 2023

Build A Software Tool

Businesses are focusing on automating their operations, a need that has resulted in increased demand for software developers.

If you have software development skills and looking for a low maintenance business idea that will generate passive income, it is time to practice your skills.

A software company can build a plethora of applications and earn a passive income from them, with very little to no maintenance needed to keep the applications running. If you plan to start a software business, research the market to find high-potential opportunities. You may focus on a certain niche, or serve any business.

Choose a payment option that allows you a passive income over the lifetime of your software.

Looking for some examples of a software tool?

Interested in case studies of a successful software tool? Check out our full list of success stories.

1. Top Software at Capterra

Where they're located: Fort Wayne, Indiana, USA
Website traffic: 3.35M/month

2. Nextiva

Nextiva is the #1 Rated Business Phone Software by U.S. News. Get VoIP, Video & Conferencing on iOS, Android or desktop. Start your free trial today.

How much they make: $120M/year
Where they're located: Scottsdale, Arizona, USA
Current team size: 1000
Website traffic: 1.22M/month

How We Developed A $10MM/Month Business Communications Software

Nextiva, an Arizona-based business communications company, has developed an all-in-one platform called NextOS, which offers CRM tools, team collaboration tools, and business communication tools, resulting in a significant shift in its business model, and has grown from just a few employees to over 1,000 spread around the world, entirely self-funded, and focused on providing amazing service to its customers.

About

Yaniv started Nextiva almost 16 years ago

Revenue

Yaniv grew the business to $10M/month

Read this case study

Read by 6,650 founders

Learn more about starting a software tool:

Where to start?

-> How much does it cost to start a software tool?
-> Pros and cons of a software tool

Need inspiration?

-> Other software tool success stories
-> Marketing ideas for a software tool

Other resources

4. ScrapingBee

ScrapingBee is a Web Scraping API that handles proxies and Headless browser for you, so you can focus on extracting the data you want, and nothing else.

How much they make:
Where they're located: Paris, Île-de-France, France
Current team size: 2
Website traffic: 180K/month

5. Hugo

Centralized, searchable meeting notes that connect with your favorite tools.

Where they're located: San Francisco, California, USA
Current team size: 8

6. Delve

Analyze qualitative data by using software to code, categorize, and organize insights. Code qualitative data with the help of qualitative analysis software.

7. Occupier

Occupier enables real estate and accounting teams to seamlessly manage their lease portfolio and comply with FASB ASC 842 and IFRS 16.

How much they make:
Where they're located: New York, NY, USA
Current team size: 48

8. Software Toolbox

Where they're located: Charlotte, North Carolina, USA

9. Abstrakt

Abstrakt provides Real-Time Call Coaching & Conversational Intelligence software live on the call without the need for any integration

How much they make:
Where they're located: Phoenix, Arizona, USA
How much did it cost to start: $60K
Current team size: 22

10. Sewforless.com

Sewforless.com sells discounted Isacord Embroidery Thread, Stitchable Embroidery Paper, Embroidery Software and Acrylics Embroidery Blanks. With a full selection of unique customizable items - we can help take your embroidery hobby to the next level. Make your hobby pay for itself!

11. Visitly

Modern visitor management platform. Try our 30 days free trial and explore visitor sign/check in, Badge printing & more. Visitly software app & tool is used by companies for visitor tracking on an iPad to modernize their workplace with cloud-based visitor registration. Sign up now!

Where they're located: Raleigh, North Carolina, USA

12. Software architecture tools

The best free and paid software architecture diagramming and design tools

13. Flock Eventing Platform

Easy-to-use event management software for business events & conferences – organise all events in one place, market events & manage RSVP’s, and create a professionally branded mobile app for attendees.

Where they're located: Johannesburg, Gauteng, South Africa
Current team size: 5

14. Just a moment...

15. softwaretools

Game-changing ROBLOX Development Tool. We offer the best advice for your scripting needs.

16. Just a moment...

17. Just a moment...

18. Grammarly

Millions trust Grammarly’s free writing app to make their online writing clear and effective. Getting started is simple — download Grammarly’s extension today.

How much they make:
Where they're located: San Francisco, California, USA
Current team size: 1057

19. Fig

Autocomplete for your terminal.

Where they're located: San Francisco, California, USA
Current team size: 8

20. TerminusDB

Build collaborative applications and data products with TerminusDB and TerminusX. With inbuilt version control, workflow and collaboration tools, build faster and concurently with your peers.

How much they make:
Where they're located: Dublin, Ireland
Current team size: 10

21. Codiga

Coding assistant for VS Code and Jetbrains and automated code reviews for GitHub, GitLab and Bitbucket.

How much they make:
Where they're located: Denver, Colorado, USA
Current team size: 7

Part of

Building A Software Tool: Everything You Need To Know

‹

›