
MARKET ANALYSIS
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Market analysis is essential for making informed business decisions, developing effective marketing strategies, and minimising risks. It provides a detailed understanding of the market environment, helping businesses to position themselves effectively, identify growth opportunities, and make strategic investments.
Insights gained from Market Analysis​
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Market Size & Growth
Estimating the current market size and forecasting its growth over a period.
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Market Segmentation​
Dividing the market into distinct groups of consumers based on characteristics such as demographics, psychographics, geographic location, and behaviour.​
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Target Market Identification
Defining the specific group of customers that the business aims to serve.
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Competitor Analysis​
Examining the key players in the market, including their strengths, weaknesses, market share, strategies, and performance.
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Customer Analysis
Understanding the target customers’ needs, preferences, and buying behaviour.
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Trends & Drivers
Identifying the key trends and drivers that are influencing the market.
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Opportunities & Threat Analysis​
Analysing the obstacles that could hinder entering or expanding within the market and identifying areas within the market that present opportunities for growth and expansion.
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