Startup Ideas AI

Managing renovation projects is often a complex and frustrating process for homeowners. A startup can develop a smart renovation management platform that streamlines communication, project tracking, and contractor coordination. This would leverage technologies like AI, IoT, and mobile apps for a seamless experience. Market size: According to Allied Market Research, the global home renovation market size was valued at $2.9 trillion in 2020 and is projected to reach $4.9 trillion by 2027, with a CAGR of 5.3%.