Indiana Market Intelligence Report (2025)

Top Businesses to Start in Indiana (2025)

We analyzed 545K+ verified business records to help you separate the hype from the hard numbers.

Top 5 Opportunities

#1
FASTEST GROWTH SECTOR

Other Management Consulting Services

Growth: +440.0% • Saturation: 0.62 LQ
#2
HIGH DEMAND SIGNAL

Miscellaneous Financial Investment Activities

Growth: +233.3% • Saturation: 0.78 LQ
#3
LOW COMPETITION GAP

Trust, Fiduciary, and Custody Activities

Growth: +225.0% • Saturation: 0.72 LQ
#4
HIGH DEMAND SIGNAL

All Other Automotive Repair and Maintenance

Growth: +200.0% • Saturation: 0.79 LQ
#5
LOW COMPETITION GAP

Other Specialized Design Services

Growth: +180.0% • Saturation: 0.66 LQ

Census Records

Official Source

Volume Filtered

10+ Est. Minimum

100% Objective

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SELECT METRO AREA

Chicago-Naperville-Elgin

#1 VOL

The state's largest economic engine.

Population

9.4M

Active Biz

320K

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Fastest Growth

Cincinnati

2.3M Residents

ANALYZE

Indianapolis-Carmel-Greenwood

Population

2.1M

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Louisville/Jefferson County

Population

1.4M

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Fort Wayne

Population

451K

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South Bend-Mishawaka

Population

324K

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Evansville

Population

270K

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Lafayette-West Lafayette

Population

225K

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Elkhart-Goshen

Population

207K

ANALYZE

Terre Haute

Population

169K

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Bloomington

Population

161K

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Michigan City-La Porte

Population

112K

ANALYZE

Muncie

Population

112K

ANALYZE

Kokomo

Population

84K

ANALYZE

Columbus

Population

83K

ANALYZE

More States in the Midwest

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Common Questions

What is the fastest growing business in Indiana?+

Currently, the Other Management Consulting Services sector is leading the state with a +440.0% 5-year growth rate across multiple metro markets.

What is the most profitable solo business?+

Based on Non-Employer Statistics, solo founders in the Offices of Physicians (except Mental Health Specialists) sector report the highest average annual receipts at $141k.

What does the data say about Indiana's economy?+

The state is home to 545K active establishments across 15 major metro areas. The market shows strong growth in emerging sectors with opportunities in high-demand, low-saturation niches.