Consumer demand drives growth in franchise tech sector

Are you a self-proclaimed IT guru? Maybe one of those people who can't seem to get enough of mobile apps, new technologies, games and the interconnected world of information services (IT)? If you've always had a knack for and interest in technology, the tech business franchise niche market could be your ideal path to entrepreneurship.

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A rapidly changing market

If it seems like every time you turn around there's another technological leap in the world of personal convenience, you're definitely not alone. Some of the world's leading brands are constantly working on technologies designed to improve consumer convenience, value and profitability. In response, the category of technology-related business opportunities in the franchise world has flourished. Another bonus? This category includes franchise opportunities aimed at both B2B and B2C target audiences. Specific examples of these franchise business models include mobile phone and appliance repair, outsourced IT services, mobile IT service businesses, electronics sales and services, wireless configuration operations, marketing agencies digital and even broadband Internet service providers. Rapid innovation is driving this growing category of , with options that appeal to all levels of technological intelligence. While familiarity with technology is certainly welcome, the majority of these business models do not require a lengthy tech-based career or even previous experience in the category. This is where training and ongoing support come in.

How technology is driving progress within the franchise industry

The technology industry is more than just a high-performing category among franchise sectors, as many new operating products and platforms are now pushing things forward for franchisors and others. Franchise brands are constantly looking for ways to give their franchisees a leg up on the competition and have started experimenting with the latest innovations designed to revolutionize their business models. Examples include artificial intelligence (AI), digital payment platforms, mobile delivery apps, gamification, and algorithms that drive loyalty programs based on consumer buying habits. Franchisors are even applying the technology to their sales development pipelines with algorithms that search for ideal candidate profiles, as well as implementing automated SMS text messaging programs. At the heart of these efforts is the determination of franchisors to streamline operations, reduce overhead and maximize profits within their business models.

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What are the top tech franchises on the current list?

The highest-ranked tech franchisor in this year's list is CPR Cell Phone Repair, which topped all others at 93rd overall. Another notable franchisor is uBreakiFix, which got the 203rd place. This brand started franchising in 2009 and has now expanded to include nearly 700 locations in the United States. Even more impressive is the 64.8% increase in units awarded in the last three years alone. This growth can be a credit for the brand's reasonably priced initial franchise fee, which ranges from $82,000 to $354,000. Several other notable tech company brands have earned rankings, including