The Best Small Businesses Opportunities for 2018

3.Software Engineering and Development

Software engineers and developers create, test and maintain software on a variety of platforms, from mainframes to mobile devices. According to the U.S. Bureau of Labor Statistics, the demand for software developers is expected to increase by 17 percent each year through 2023, and the median pay in 2014 was slightly over $100,000 per year.

The nature of the software development industry makes it ideal for contract employment. Many software engineers start out as salaried employees and eventually become self-employed contractors. Cloud computing and ease of remote access make software development an ideal home-based business.